| 词条 | Toro (company) |
| 释义 |
| name = The Toro Company | logo = | type = Public company | traded_as = {{nyse|TTC}} S&P 400 Component | caption = Count on it. | foundation = 1914 | location = Bloomington, Minnesota, U.S. | key_people = Richard Olson, President and CEO, Michael J. Hoffman, Chairman of the Board | num_employees = 6,134 (full-time)[1] | industry = Irrigation supplies, landscape & turf maintenance products | products = Professional and residential turf maintenance equipment and irrigation systems | revenue = {{profit}} US$2.505 billion (2017)[2] | homepage = www.toro.com }} The Toro Company is an American manufacturer of turf maintenance equipment (lawn mowers), snow removal equipment (snow blowers) and water-saving irrigation system supplies for commercial and residential gardens, public parks, golf courses, sports fields, and agricultural fields. The company is based in the Minneapolis suburb of Bloomington, Minnesota. HistoryFounded as the Toro Motor Company in 1914 to build tractor engines for The Bull Tractor Company,[3] Toro manufactures landscape maintenance equipment and precision irrigation systems. In 1970, Toro's Chairman, David Lilly, and President, Al Conover, determined Toro's need to become a full-line lawn and garden manufacturer. To accomplish this, they recognized the need to offer a serious two-stage snow thrower line. However, a number of people, including the head of Toro's R&D, said, "We are a mower company and don't belong in snow." Nevertheless, a couple of relatively new engineers were assigned, independently of the formal R&D group, to research and develop a new line of snow throwers. In its second year out, the resulting 3-unit line received top ranking with Consumer Reports. Thus, Toro began its long term domination of the snow industry. Later on, an unusual snow thrower concept, prototyped as part of this same research program, was developed further and became Toro's "Power Curve." These same two individuals went on to create a number of other original Toro concepts, including Toro's "kicker" -based mulching mower system, its riding mower bagging system, plus a number of other original concepts to facilitate Toro's campaign to become a full-line lawn and garden manufacturer.[4] In 1986 Toro acquired the Wheel Horse Products Division of American Motors (AMC).[5][6][7] Wheel Horse manufactured a wide range of lawn and garden tractors as well as riding lawn mowers. The division was spun off from AMC so that the automaker could maintain focus on vehicles. Lawn and garden tractors were then marketed under the Toro, Wheel Horse, and Toro Wheel Horse names. Acquisitions continued with the purchase of Lawn-Boy in 1989, James Hardie Irrigation in 1996, Exmark Manufacturing in 1997, Hayter in 2005, Rain Master Irrigation Systems, and Turf Guard Wireless Monitoring Technology in 2007, TYCROP Manufacturing turf equipment product line in 2009, and USPraxis in 2010. In the 1990s, then CEO Kendrick Melrose changed the company's strategy, shifting its focus to "professional maintenance markets" (such as golf courses, sports fields, municipal parks, and commercial properties). The strategy yielded higher margins and offered more protection from the uncertainty of weather and economic conditions than the highly competitive residential market segments. In 2007 almost 70 percent of the company's sales came from professional markets, versus one-third in 1990. On Dec. 5, 2001, Toro adopted new accounting rules the Emerging Issues Task Force had issued and restated the prior periods. The adoption of these rules had no effect on operating earnings or net income. In 2007, the low-end lawn and garden tractor product manufacturing was outsourced to MTD Products, to be sold at Home Depot stores.[8] In 2014, the snowplow and snow removal equipment company Boss Products was purchased by Toro.[9] On February 15, 2019, Toro announced that it has reached a definitive agreement to acquire privately-held The Charles Machine Works, the parent company of Ditch Witch and MTI Equipment and other brands, for $700 million[10]. BrandsThe company's products are marketed under several brands:[11]
References1. ^{{cite web|title=The Toro Company (TTC) Number of Employees |url=https://finance.yahoo.com/q/pr?s=ttc |publisher=Yahoo! Finance |accessdate=10 September 2015}} 2. ^{{Cite web|url=https://thetorocompany.gcs-web.com/static-files/a36a7bc4-7cee-4af5-8c2f-562984bb2f60|title=The Toro Company - 2017 Annual Report|website=thetorocompany.gsc-web.com}} 3. ^{{cite web|url= http://www.thetorocompany.com/companyinfo/history_1910s.html |title=The Toro Company History 1910-1919 |publisher=Toro |date= |accessdate=10 September 2015}} 4. ^{{Cite web|url=https://applicationsresearch.com/DesignServices.htm#Snow|title=Thrower Research Project}} 5. ^{{cite press release|url= http://www.businesswire.com/news/home/20110330006750/en/Steve-Wolfe-Retire-CFO-Toro-Company |title=Steve Wolfe to Retire as CFO of The Toro Company |date=30 March 2011 |work=Business Wire |accessdate=12 February 2017}} 6. ^{{cite web|url= http://www.tractordata.com/lawn-tractors/tractor-brands/wheelhorse/wheelhorse-lawn-tractors.html |title=Wheel Horse Lawn Tractor History |work=Tractor Data |accessdate=12 February 2017}} 7. ^{{cite web|url= http://www.thetorocompany.com/companyinfo/history_1980s.htm |title=The Toro Company History 1980-1989 |publisher=Toro |date= |accessdate=10 September 2015}} 8. ^{{cite press release|url=http://phx.corporate-ir.net/phoenix.zhtml?c=62289&p=irol-newsArticle&t=Regular&id=801214& |title=New Line of Toro Lawn and Garden Tractors to Debut at Toro Dealers and The Home Depot |publisher=Toro |date=5 January 2006 |accessdate=10 September 2015}} 9. ^{{cite press release|url= https://www.bossplow.com/content/pdf/boss_press_release_1027014.pdf |title=Boss Products to be Purchased by The Toro Company |date=27 October 2014 |publisher=Boss Products |accessdate=10 September 2015}} 10. ^{{Cite web|url=https://www.businesswire.com/news/home/20190215005069/en/Toro-Company-Acquire-Charles-Machine-Works|title=The Toro Company to Acquire The Charles Machine Works, Inc.|date=2019-02-15|website=www.businesswire.com|language=en|access-date=2019-02-17}} 11. ^{{cite web |url=http://www.thetorocompany.com/companyinfo/brands.html |title=The Toro Company - Our brands |publisher=Toro |accessdate=10 September 2015}} 12. ^{{Cite web|url=http://www.toro.com/|title=Toro Company}} 13. ^{{cite web |url=http://www.turfmagazine.com/maintenance/small-machines-with-big-paybacks/ |title=Small Machines with Big Paybacks |publisher=Group C Media. |work=Turf |first=Giles |last=Lambertson |date=1 June 2014 |access-date=9 December 2018}} 14. ^{{Cite web|url=http://www.exmark.com/|title=eXmark}} 15. ^Hayter 16. ^{{Cite web|url=http://www.irritrol.com/|title=Irritrol}} 17. ^{{Cite web|url=http://www.lawn-boy.com/|title=Lawn-Boy}} 18. ^Toro Australia − Pope 19. ^{{Cite web|url=http://www.uniquelighting.com|title=Unique Lighting}} External links
8 : Agricultural machinery manufacturers|Lawn and garden tractors|Irrigation in the United States|Manufacturing companies based in Minnesota|Companies based in Bloomington, Minnesota|Manufacturing companies established in 1914|1914 establishments in Minnesota|Companies listed on the New York Stock Exchange |
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