TORO Company, a Well Respected Company by Bill Stankiewicz, "Savannah Supply Chain Guy"

 The Toro Company   reported net earnings of $105.7 million , or $1.89 per share, on a net sales increase of 1.2 percent to $836.4 million for its 2016 second quarter ended April 29, 2016 . In the comparable fiscal 2015 period, the company delivered net earnings of $93.8 million , or $1.64 per share, on net sales of $826.2 million . For the first six months, Toro reported net earnings of $144.9 million , or $2.58 per share, on a net sales increase of 1.7 percent to $1,322.8 million . In the comparable fiscal 2015 period, the company posted net earnings of $124.7 million , or $2.18 per share, on net sales of $1,300.5 million .

Earlier this month, the company announced that its board of directors had declared a quarterly cash dividend of $0.30 per share. This dividend is payable on July 12, 2016 to shareholders of record on June 21, 2016 . This year marks the company’s seventh consecutive year of annual dividend growth, and this quarter the company’s 128th consecutive quarterly dividend declaration.

I have heard nothing but great things about Toro Company & love their products too.

Best regards,

Bill Stankiewicz

Savannah Supply Chain

www.savannahsupplychain.com

Office: 1.404.750.3200