TTC
The Toro Company72.65
-0.83-1.13%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q4 '25
Key Stats
Market Cap
7.17BP/E (TTM)
22.08Basic EPS (TTM)
3.29Dividend Yield
0.02%Recent Filings
8-K
10-K
8-K
Toro closes Tornado deal
The Toro Company completed its acquisition of Tornado Infrastructure Equipment Ltd. on December 8, 2025, for CAD $279 million, adding vacuum truck manufacturing to its underground construction lineup. Tornado posted CAD $161 million in trailing 12-month net sales through September 30, 2025. Deal funds EPS neutrality in year one, yet targets $3 million USD annual cost synergies over three years. Integration risks loom.
8-K
Toro acquires Tornado for CAD $279M
The Toro Company signed an agreement on October 6, 2025, to acquire Tornado Infrastructure Equipment Ltd. for CAD $279 million in cash, targeting a close in fiscal 2026 Q1. This bolsters Toro's underground construction lineup with Tornado's vacuum trucks, building on their 2022 supply deal, while expecting $3 million in annual cost synergies over three years. Deal hinges on shareholder and regulatory nods. Integration risks loom large.
8-K
Toro issues $200M notes to refinance
The Toro Company issued $200 million in 5.27% senior notes due September 30, 2032, on September 30, 2025, via a private placement to refinance its $200 million term loan from April 2022 and support general corporate needs. The unsecured notes carry semiannual interest starting March 30, 2026, with prepayment options including a make-whole premium, while covenants limit leverage to 3.50:1 and priority debt to 20% of assets. This swap extends maturities but ties Toro to stricter terms than its prior loan.
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