Content about Michael J. Hoffman

January 27, 2014

The Toro Co. is turning 100 this July, but plans are already under way for its year-long centennial.

In reflecting on the longevity of the company, Michael J. Hoffman, Toro’s chairman and CEO, cites “the character of our people and channel partners, and their relentless commitment to serving our customers and building market leadership through innovation.”

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.

December 6, 2010

Bloomington, Mich.-based Toro reported net income for the fourth quarter ended Oct. 31 of $3.2...