2024-03-07 18:41:06 ET
The Toro Company (TTC)
Q1 2024 Earnings Conference Call
March 07, 2024, 11:00 AM ET
Company Participants
Jeremy Steffan - Director, IR
Julie Kerekes - Treasurer and Senior Managing Director of Global Tax and IR
Richard Olson - Chairman and CEO
Angela Drake - Vice President and CFO
Conference Call Participants
Sam Darkatsh - Raymond James
Timothy Wojs - Baird
David MacGregor - Longbow Research
Thomas Hayes - CL King
Edward Jackson - Northland Securities
Presentation
Operator
Good day, ladies and gentlemen, and welcome to Toro Company's First Quarter Earnings Conference Call. My name is Carmen, and I will be your coordinator for today. [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, Julie Kerekes, Treasurer and Senior Manager, Director of Global Tax and Investor Relations. Please proceed, Ms. Kerekes.
Julie Kerekes
Thank you, and good morning, everyone. Our earnings release was issued this morning, and a copy can be found in the Investor Information section of our corporate website, thetorocompany.com. We have also posted a first quarter earnings presentation to supplement our earnings release. On our call today are Rick Olson, Chairman and Chief Executive Officer; Angie Drake, Vice President and Chief Financial Officer; and Jeremy Steffan, Director Investor Relations.
During this call, we will make forward-looking statements regarding our plans and projections for the future. Forward-looking statements are based upon our historical performance and current expectations and are subject to risks, uncertainties and other factors that may cause actual results to differ materially from those contemplated by these statements. Additional information regarding these factors can be found in today's earnings release and in our investor presentation as well as in our SEC reports.
During today's call, we will refer to non-GAAP financial measures, which we believe are important in evaluating the company's performance. For more details on these measures, the most comparable GAAP measures and a reconciliation of the two,please refer to this morning's earnings release and our investor presentation. With that, I will now turn the call over to Rick.
Richard Olson
Thanks, Julie, and good morning, everyone. The first quarter of fiscal 2024 played out largely as we expected. Our team continues to operate with dedication, creativity and resilience as we took actions to best capitalize on near-term demand trends. We drove productivity benefits throughout the organization to offset higher material costs and made investments to enhance our market leadership positions and drive long-term growth....
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The Toro Company (TTC) Q1 2024 Earnings Call Transcript