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Information About

The Toro Company




  Company Logo
  Company Type Public ( NYSE : TTC )
  Company Slogan Count on it
  Foundation 1919
  Location Bloomington, Minnesota
  Key People Michael J Hoffman , President and CEO <br> Kendrick Melrose Chairman Of The Board
  Num Employees 5,200 ( Full-time )Employees, Number of Employees
  Industry Lawn maintenance
  Products Consumer and Commercial Lawn equipment
  Revenue US$ 1779 Billion (2005)


The Toro Company () is an American manufacturer of Lawnmowers and other lawn care tools based in Bloomington , Minnesota .


HISTORY


Founded as the Toro Motor Company in , Golf Course managers, and grounds and sports field managers, as well as individual Homeowners . Although the company manufactures a wide variety of lawn maintenance equipment, in recent years it has come to dominate the Golf Course irrigation market Toro Golf Course Irrigation, Golf Course Irrigation dominations .

In 1986, Toro from AMC as the Automaker focused company Strategy on vehicles. Lawn and garden tractors were then marketed under the Toro, Wheel Horse and, Toro Wheel Horse names.

1989 saw the purchase of the Lawn-Boy , a maker of Lawnmower sThe Toro Company, History 1980-1989 , retrieved on: July 30, 2007., and Exmark in 1997.The Toro Company, History 1990-1999 , retrieved on: July 30, 2007.

In the 1990s, then CEO Kendrick Melrose (currently Chairman Of The Board ) changed the company’s strategy. Supplying 'professional maintenance markets' (such as golf courses, municipal parks, cemeteries, and gated communities) yielded higher margins and offered more protection from the uncertainty of the Weather and economic conditions, than focusing on the highly competitive retail customer Market Segment s. Today, roughly two-thirds of Toro's US$1.6 billion in sales come from the professional market, versus one-third back in 1990.

In 2007, the low-end lawn and garden tractor products were Outsourced to be manufactured by MTD and sold at Home Depot stores.http://phx.corporate-ir.net/phoenix.zhtml?c=62289&p=irol-newsArticle&t=Regular&id=801214&


BRANDS


The company's products are marketed under several Brand s:


REFERENCES



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