“Robust sales continued throughout the quarter in both our professional and residential segments,” said Richard M. Olson, chairman and chief executive officer. “As we capitalized on the current demand environment and focused on serving our customers, our dedicated team and channel partners demonstrated extraordinary resolve in navigating global supply chain challenges.
The partnership will include The Pulpit Club’s exclusive use of Toro equipment and irrigation systems on both of their award-winning 18-hole golf courses, as well as featuring The Pulpit Club as a new Toro equipment and irrigation training centre.
The acquisition supports The Toro Co.’s strategy of leadership in next generation technologies, including alternative power, smart connected and autonomous products.
The Toro Company announced that it acquired TURFLYNX, a privately held developer of autonomous mowing equipment for golf courses. The new Toro employees will continue to be based in Portugal.
According to a report from the Milwaukee Business Journal, Briggs & Stratton has agreed to pay $33.65 million to The Toro Company to settle a patent-infringement case from May 2010.
Net sales in the third quarter were $841 million, up 0.3% from $838.7 million in the third quarter of fiscal 2019; year-to-date fiscal 2020 net sales were $2.54 billion, up 5.6% from $2.40 billion in the same prior-year period.
The compensation of the company’s senior leadership, including all executive officers and the Board of Directors is being adjusted for the rest of fiscal 2020.
As workers of all skill levels become tougher to find, businesses are forced to do more with less. Autonomy could be the innovation that bridges the gap for businesses looking to stay in the green.
For the quarter, the addition of Charles Machine Works and growth in the BOSS, rental and specialty construction businesses, all contributed to the results, according to the company.
Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product
Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative
solutions for Rural Lifestyle and Industrial Equipment customers.
Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and
has continued to push the boundaries of innovation and technology ever since. As a manufacturer of
diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial
equipment, Yanmar's products are sold in over 130 countries.
At Yanmar America, we are committed to providing our customers with the highest quality products
and services, backed by a strong team of professionals who share our dedication to excellence. We
look forward to the opportunity to work with you in achieving your goals.
Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.