The Toro Company F3Q08 (Qtr End 08/01/08) Earnings Call Transcript

Aug. 21, 2008 4:18 PM ETThe Toro Company (TTC)
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The Toro Company (NYSE:TTC) F3Q08 (Qtr End 08/01/08) Earnings Call Transcript August 21, 2008 11:00 AM ET


Mike Hoffman – Chairman and CEO

Steve Wolfe – VP, Finance and CFO


Jim Lucas – Janney Montgomery Scott

Eric Bosshard – Cleveland Research Company

Sam Darkatsh – Raymond James

Seaver Wang – Utendahl Capital Partners

James Bank – Sidoti and Company

Jim Barrett – CL King & Associates


Good day, ladies and gentlemen, and welcome to The Toro Company third quarter earnings conference call. My name is Shameeka and I'll be your coordinator for today. At this time, all participants are on a listen-only mode. We will conduct a question-and-answer session towards the end of the conference. (Operator instructions) I would now like to turn the presentation over to your host for today's conference, Mr. Michael J. Hoffman, Chairman and Chief Executive Officer of The Toro Company. Please proceed.

Mike Hoffman

Thank you, Shameeka. And good morning, ladies and gentlemen, and thank you for joining us for our third quarter earnings conference call. Here with me this morning are Steve Wolfe, our Chief Financial Officer; Tom Larson, Treasurer; and John Wright, Director of Investor Relations.

Let's begin with our forward-looking statement policy. Please keep in mind that during the call we will make certain forward-looking statements, which are intended to assist you in understanding the company's results. You are all aware of the inherent difficulties, risks and uncertainties in making predictive statements. So the Safe Harbor portion of the company's earnings release as well as SEC filings detail some of the important risk factors that may cause actual results to differ from those in our predictions.

Our earnings release was issued this morning by Business Wire and can also be found in the Investor Information section of our corporate

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