托罗公司称2011年销售业绩稳步增长
关注点:
1、今年销售额增长11.5%,达到18.84亿美元
2、高尔夫、绿地和农业三大市场的行业专用产品全球净销售额提升14.2%
3、住宅专用产品在国内净销售额提升5.8%,除雪产品和zero-turn驾驶式割草机销售额有增,人力割草机和电动鼓风机销售额有降。
托罗公司(纽约证券交易所:TTC)发出通知,截止2011年10月31日,公司年度净销售额达到18.84亿美元,净收益达1.177亿美元。
在2011年第四季度,托罗曾公布其净收益为500万美元,净销售额为3.681亿美元。相比之下,2010年年度净收益为320万美元,净销售额为3.373亿美元。
为着重实现股民的价值回归,公司提出董事会提高定期季度现金股利,从每股0.20美元涨到0.22美元。另外,2011年购回了1.3亿美元公司股份。
托罗公司的董事长兼总裁Michael J. Hoffman说到,“2011年是托罗公司的收获年,总收入和每股收益都突破了先有纪录,随着全球对高尔夫、绿地和农业市场需求量日益增长,我们的业务会越来越好。我们的技术创新水平已经达到前所未有的高度,在已涉足的许多市场和主要产品领域我们都获得成功。我为我们的团队和他们的执行能力感到骄傲和自豪,今年获得圆满成功,保持良好势头面向2012。”
行业专用产品的成绩
行业专用产品2011年净销售总额为12.391亿美元,比去年增长14.2%。全球的专项业务市场需求势头强劲,使得专业部门的增长达到总销售额的三分之二。
高尔夫维护设备和灌溉系统的全球销售增长的原因是新产品的引进和客户在购买设备和升级需求的投资增加。
园林、庭院用品和托罗新产品360度旋转割草机的各占收益的一部分。
随着全球性的生产力提高和农业种植者转向使用更有效的作物灌溉方式,微灌技术得到快速发展。去年第四季度,专业部门净销售额为2.165亿美元,比去年同期增长5.5%。
住宅专用产品的业绩
2011年住宅专用产品净销售总额为6.239亿美元,比去年增长5.8%。
托罗新型zero-turn割草机的需求增加,使得驾驶类产品的销售有所增长。
去年北美和欧洲降雪季节推迟,除雪用产品及其他附加产品的销量在非旺季获得大增。出于天气原因,人力割草机和电力鼓风机订单减少。第四季度,住宅专用产品净销售额为1.435亿美元,比去年同期增长12.9%。
展望未来
Hoffman说,这是我们有史以来第一次总收入接近20亿美元,展望未来,这只是一个开始。我们将继续坚持,最终实现2014年的预定目标,内部在关注质量、成本和提高生产力方面做出了一些重大变动。我们将组织强大的团队对产品进行革新,保证股票增长势头,同时增加新罗马尼亚部门的收益。并且,随着我们在全球业务的增长,我们的员工正在努力追求更高的效益。
托罗公司预计2012年的净收益可达4.15美元每股,总收入再增加5%。2012年第一季度,公司预计净收益约达0.58美元每股。(灌溉网编辑 翻译)
Toro Reports Record Results for 2011
Highlights
·Sales increase 11.5 percent for the year to a record $1.884 billion
·Professional segment net sales up 14.2 percent on improved global demand in golf, grounds and agriculture markets
·Residential segment net sales up 5.8 percent; snow products and zero-turn riding mowers up, walk mowers and electric blowers down
The Toro Company (NYSE: TTC) has reported net earnings of $117.7 million on net sales of $1.884 billion for its fiscal year ended October 31, 2011. In fiscal 2010, the company delivered net earnings of $93.2 million on net sales of $1.6904 billion.
For the fourth quarter, Toro reported net earnings of $5 million on net sales of $368.1 million. In the comparable fiscal 2010 period, the company posted net earnings of $3.2 million on net sales of $337.3 million.
With a focus on returning value to shareholders, the company has reported that the board of directors raised its regular quarterly cash dividend to $0.22 per share from its previous quarterly dividend rate of $0.20 per share. Additionally, for fiscal 2011, the company repurchased $130 million of company stock.
“Fiscal 2011 was a very good year for The Toro Company, delivering record revenues and earnings per share,” said Michael J. Hoffman, Toro’s chairman and chief executive officer. “Increased global demand across golf, grounds and agriculture markets drove further improvement in our professional businesses. Our innovation levels have never been higher, and we were successful in gaining share in many of our markets and key product categories. I am extremely proud of our team and their execution throughout the year. We finished the year strong and have good momentum going into fiscal 2012.”
Professional SegmentResults
Professional segment net sales for the fiscal 2011 totaled $1.2391 billion, up 14.2 percent over last year. Global demand across all professional businesses remained strong, increasing the Professional segment to nearly two-thirds of total sales.
Worldwide sales of golf maintenance equipment and irrigation systems benefited from the successful introduction of new products, along with increased customer investments in course upgrades and equipment purchases.
Shipments of landscape contractor and grounds products saw gains, including strong acceptance for Toro’s innovative Groundsmaster 360 rotary mower.
Orders for micro irrigation technologies experienced significant growth on a worldwide basis driven by added production capacity and agricultural growers transitioning to more efficient methods of irrigating crops. For the fourth quarter, professional segment net sales were $216.5 million, up 5.5 percent from the comparable fiscal 2010 period.
Residential Segment Results
Residential segment net sales for fiscal 2011 totaled $623.9 million, up 5.8 percent over last year.
For the year, sales of riding products increased on demand for Toro’s new line of zero-turn mowers.
Shipments of snow products were up significantly in North America and Europe coming off last year’s strong snow season that boosted preseason orders, along with benefit from additional product placement.
Somewhat offsetting these gains were lower orders of walk power mowers and electric blowers due to unfavorable weather conditions. For the fourth quarter, residential segment net sales were $143.5 million, up 12.9 percent from the comparable fiscal 2010 period.
Business Outlook
“Looking ahead, we find ourselves at the threshold of reaching $2 billion in revenues for the first time in our history,” said Hoffman. “We remain committed to delivering against our Destination 2014 goals, and have made some important changes internally with an increased focus on quality, cost and productivity improvement. We are well-positioned to grow share in our markets with a strong lineup of innovative new products, along with the benefit of additional capacity from the investment in our new Romania operation. And, our employees are aggressively pursuing profitable revenue growth as we serve our growing global.
The company expects net earnings for fiscal 2012 to be about $4.15 per share on a revenue increase of about 5 percent. For the first quarter,the company expects to report net earnings of about $0.58 per share.
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