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The Toro's (TTC) CEO Rick Olson on Q1 2021 Results - Earnings Call Transcript

Mar. 04, 2021 4:11 PM ETThe Toro Company (TTC) Stock
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The Toro Company (NYSE:TTC) Q1 2021 Earnings Conference Call March 4, 2021 11:00 AM ET

Company Participants

Nicholas Rhoads – Managing Director of Investor Relations

Rick Olson – Chairman and Chief Executive Officer

Renee Peterson – Vice President, Treasurer and Chief Financial Officer

Conference Call Participants

Tim Wojs – Baird

Mike Shlisky – Colliers Securities

Eric Bosshard – Cleveland Research Company

Ross Gilardi – Bank of America

David MacGregor – Longbow Research


Good day, ladies and gentlemen, and welcome to The Toro Company’s First Quarter Earnings Conference Call. My name is Joelle and I’ll be your coordinator for today. At this time, all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards the end of today’s conference. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes.

I would now like to turn the presentation over to your host for today’s conference Nicholas Rhoads, Managing Director of Investor Relations for The Toro Company. Please proceed, Mr. Rhoads.

Nicholas Rhoads

Thank you, and good morning. Our earnings release was issued this morning and a copy can be found in the Investor Information section of our corporate website, thetorocompany.com. On our call today are Rick Olson, Chairman and Chief Executive Officer; Renee Peterson, Vice President, Treasurer, and Chief Financial Officer; and Julie Kerekes, Senior Managing Director, Global Tax and Treasury.

We begin with our customary forward-looking statement policy. During this call, we will make forward-looking statements regarding our business and future financial and operating results. You are all aware of the inherent difficulties, risks and uncertainties in making predictive statements.

On our earnings release, as well as our SEC filings detailed some of the important risk factors, including those related to COVID-19 that may cause our actual results to differ materially from those in our

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