Full-Time
Outdoor equipment brands for lawn care
$120k - $145k/yr
No H1B Sponsorship
Windom, MN, USA
In Person
Occasional travel may be required.
Bachelor's
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The Toro Company offers a broad range of outdoor power equipment brands for lawn care, landscaping, drainage, construction, and snow removal worldwide. Its products pair engineered hardware with practical design to perform tasks such as mowing, trenching, digging, and snow removal. It differentiates itself through a history spanning over a century and a global brand portfolio focused on real-world needs and caring customer relationships. The goal is to help people build, shape, and care for the world around them by delivering reliable, market-leading solutions that boost productivity across diverse industries.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Minneapolis, Minnesota
Founded
1914
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Flexible Work Hours
Volunteerism
Toro's quiet residential rebound powers a two-decade dividend streak. The Toro Company's fiscal third-quarter results carried a small footnote that matters more than the headline 8.4% sales growth: its long-underperforming residential business finally turned a real profit. Segment earnings jumped to $12.4 million from just $3.7 million a year earlier, lifting the residential margin to 5.9% from 1.9%. For a company that has raised its dividend for more than two decades, a second profit engine finding its footing - even a small one - is the kind of structural shift patient investors should be watching closely. Toro's professional segment, which still accounts for roughly 83% of sales and nearly 95% of combined segment earnings, grew revenue 8.8% to $1.01 billion, but its margin slipped to 20.9% from 21.3% as higher material and manufacturing costs outpaced price increases. Management still felt confident enough to raise full-year sales-growth guidance to a range of 6.3% to 6.6%, up from a prior 4.0% to 6.5% band - narrower and higher, which typically signals conviction rather than hope. Hedge fund ownership dipped modestly to 34 funds from 37 the prior quarter, a sign institutional investors are watching the margin trade-off rather than rushing in. The real question for patient capital is durability. Part of residential's 400-basis-point margin improvement came from the absence of last year's inventory-valuation charges, meaning some of that gain won't repeat. Professional's cost pressure is a live issue too, with pricing and productivity gains only partially offsetting higher input costs. Still, a company with Toro's dividend track record and diversified end markets - turf care, snow removal, and now a stabilizing residential arm - has earned some benefit of the doubt on execution. So what for long-term investors: Toro isn't a moonshot, but it's a useful case study in why patient capital gets rewarded - a steady dividend grower quietly repairing its weakest segment while its stronger one absorbs short-term cost pressure. The number worth tracking next quarter is whether residential's margin gains hold once the easy year-over-year comparisons disappear. That will separate a genuine turnaround from a one-quarter blip.
The Toro Co reported strong third-quarter results with net sales increasing 8.4% to $1.23 billion and adjusted earnings per share of $1.33. Both the professional and residential segments delivered growth exceeding 8%, whilst the residential segment's adjusted operating margin improved 400 basis points year-over-year to 5.9%. The company generated $425 million in free cash flow year-to-date, representing a 128% conversion rate, and executed $358 million in share repurchases. Inventory improved by $153 million compared to the prior year. Based on the strong performance, Toro raised its full-year net sales guidance to a range of 6.3% to 6.6% and adjusted EPS guidance to $4.60 to $4.65. The company's AMP initiative is on track to exceed its $125 million run rate savings target by year-end.
The Grove signs 10 year partnership with Toro and Reesink. The Grove has secured a long-term partnership with Toro and Reesink UK, continuing a 22-year relationship and ushering in a new era of integrated turf management. As part of a significant new 10-year agreement, which strengthens a relationship that has existed since the Hertfordshire resort opened more than two decades ago, The Grove has invested in a full machinery fleet renewal and update alongside the installation of a new irrigation system across the entire course. The Grove's leadership team put the deal out in a competitive tender process involving multiple manufacturers and selected Toro as its strategic partner for another decade. "We've been a loyal Toro customer since the beginning," says Will Evans, Agronomy and Facilities Director at The Grove. "And when Turf Matters reviewed the complete solutions package, it quickly became clear it was again the right fit for Turf Matters, especially with the irrigation system involved, new technologies emerging and the way the machinery and irrigation systems could work seamlessly together. "Partnering with Reesink meant we could manage everything through one provider making the decision even more straightforward." While the deal includes a full machinery fleet update, there is also a heavy investment in a suite of the brand's new digital technologies; all designed to transform turf management through real-time data and precision control. Fleet management and GPS spraying technology, moisture-responsive irrigation and autonomous mowing will work all together to enhance overall efficiency, sustainability, and course conditioning. It is, says Jon Cole, Divisional Business Manager, Reesink Turfcare, an agreement that positions The Grove and Toro at the forefront of innovation in UK golf course management: "By integrating Toro's most advanced software solutions into operations, The Grove is positioning itself as a leader in modern, high-performance turf management," he says. The agreement reinforces The Grove's position as a designated Toro showcase venue, where customers and industry partners can experience the latest innovations in turf machinery, irrigation, and autonomous mowing in a live working environment. Will explains: "We've had a close working relationship with Toro and have supported its presence in the UK market for many years. It's exciting to see emerging technologies and new products demonstrated on our course and play a role in introducing them to UK customers." The transition to a full wall-to-wall irrigation system installation is scheduled and The Grove has already trialled Toro irrigation on reconstructed areas of the course, reporting strong early results. Reesink UK and dealer Oliver Landpower will be supporting the deal with technical assistance, weekly on-site visits, and ongoing training for The Grove's greenkeeping and mechanical teams. "Our relationship with The Grove dates to 2002, before the venue opened, when we supplied its initial fleet of Toro machinery and there have been many milestones in that time," says Glen Giddings from Oliver Landpower. "In 2006, when The Grove hosted the AMEX Championship one of our Master Technicians was on permanent standby, supporting early-morning machinery preparation, re-grinding and technical requirements to ensure tournament-grade performance. Now, we've transitioned from a supplier partnership into a trusted and collaborative relationship." Get all of the big headlines, pictures, opinions and videos on stories that matter to you. Follow Turf Matters on Twitter and Instagram for fun, fresh and engaging content. You can also find Turf Matters on Facebook for more of your must-see news, features, videos and pictures from Turf Matters Follow Turf Matters. Thank you to its sponsors
The Toro Company will release its fiscal 2026 third quarter results on Thursday, 3 September, at approximately 7:30 CT. The company will hold an earnings conference call at 10:00 CT the same day. The Toro Company is a global provider of solutions for the outdoor environment, including turf and landscape maintenance, snow and ice management, and irrigation solutions. The company reported net sales of $4.5 billion in fiscal 2025. Its portfolio includes brands such as Toro, Ditch Witch, Exmark, BOSS, and Ventrac. The company's global presence extends to more than 125 countries.
Edric C. Funk to succeed Richard M. Olson as Toro CEO. July 27, 2026 The Toro Company has announced that Edric C. Funk will succeed Richard M. Olson as the company's President and Chief Executive Officer. The leadership transition, effective Nov. 1, is part of Toro's long-term, succession planning process. Funk will also immediately join Toro's board of directors. Olson will transition to the role of Executive Chairman of the Board following more than four decades with the company. He became CEO in 2016. "Edric is a proven and highly respected leader within The Toro Company and across the markets we serve," Olson said. "His outstanding track record of performance and accountability exemplifies what is possible when strong results are balanced with a deep commitment to people and purpose. Throughout his tenure, he has consistently executed key priorities to deliver shareholder value, inspire teams and foster trusting relationships. I have great confidence in the future of The Toro Company under Edric's leadership to further build on our legacy of innovation and success." Funk is a 30-year veteran of The Toro Company. He has served as President and Chief Operating Officer since September 2025 with responsibility for all global businesses and integrated supply chain operations. Since joining The Toro Company in 1996 as a Design Engineer, Funk has developed a deep understanding of its industries and customers through leadership roles spanning engineering, marketing, global product management and technology innovation. He led the company's Center for Technology, Research and Innovation in 2017, became General Manager of the Sitework Systems business in 2020, and later served as Group Vice President of Golf, Grounds and Irrigation, where he continued to play an influential role in shaping the company's approach to technical innovation, while demonstrating an appreciation for strong customer relationships, disciplined execution and collaborative leadership. "It is an honour to take on this role and continue building upon The Toro Company's longstanding commitment to excellence," Funk said. "I am grateful for the confidence and support of the board and extend my sincere appreciation to Rick for his leadership and mentorship. Over the past 30 years, I've had the opportunity to work alongside our exceptional global teams and gain a deep appreciation for the relationships, innovation and customer focus that serve as hallmarks of the company. I look forward to building on those strengths as we advance our market leadership and deliver long-term value for our stakeholders." During Olson's 40-year tenure as CEO, The Toro Company team has focused on accelerating profitable growth, driving productivity and operational excellence and empowering people. The company has doubled revenue, expanded into infrastructure markets through strategic acquisitions such as Charles Machine Works and invested in electrification, smart connectivity and robotic solutions technology. "On behalf of the entire board, we thank Rick for his outstanding leadership and partnership," said Jeffrey L. Harmening, Lead Independent Director. "His stewardship of The Toro Company has driven strong performance, enhanced shareholder value, and strengthened the company's position for the future. We are pleased that the organization will continue to benefit from his leadership as executive chairman."