Content about Michael Hoffman

December 6, 2012

Bloomington, Minn.-based The Toro Co. reported net earnings of $129.5 million for the full year ended Oct. 31, up from earnings of $117.7 million in 2011. 

Net sales increased 4% to $1.96 billion for its fiscal year. 

For the fourth quarter, Toro reported net earnings of $0.3 million, down from $5 million in the fourth quarter of 2011. Net sales decreased 7.8% to $339.3 million in the quarter. 

December 6, 2011

Bloomington, Minn.-based Toro Co. posted record sales in 2011, including a 5.8% sales gain in the company's residential segment. 

“Fiscal 2011 was a very good year for the Toro Co., delivering record revenues and earnings per share,” said Michael Hoffman, Toro’s chairman and CEO.

For the year, the company's total earnings were up 26.3% to $117.7 million, and net sales were up 11.5% to $1.884 billion. In the fourth quarter, net earnings increased from $3.2 million to $5 million, as net sales increased 9.1% to $337.3 million.

August 18, 2011

Bloomington, Minn.-based Toro has posted third-quarter net earnings of $35.1 million, up 5% from net earnings of $33.4 million in the prior-year period.

Net sales for the quarter ended July 29 totaled $501 million, up 9% from net sales of $458.9 million in the third quarter of 2010.

August 26, 2007

The company’s professional business saw earnings up 13.5 percent, while earnings fell in residential sales....

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