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25 May 2011 - TORO Second Quarter Results: Improved worldwide golf market fuels 12% sales increase
TORO’s has just reported positive second quarter results for 2011.
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Highlights of the Toro Company’s 2011 Second Quarter Results
• Quarterly sales increase 12 percent driven by professional businesses
• Improved golf market fuels worldwide demand for turf equipment and irrigation systems
• Net earnings per share for the quarter up over 40 percent to $1.88
• Company takes first step towards Destination 2014 goals
“We are very pleased with our second quarter performance as our execution serving the professional markets led to significant revenue and earnings growth, putting Toro on an early trajectory towards our Destination 2014 organic growth and profitability goals,” said Michael J. Hoffman, Toro’s chairman and chief executive officer.
Michael said “We are especially excited about the golf business. Customers are choosing Toro’s innovative products to replace aging equipment and irrigation systems, and to support new golf development projects around the world.”
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