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Toro Company's CEO Discusses F3Q12 Results - Earnings Call Transcript

Toro Company (TTC)

F3Q12 Earnings Call

August 23, 2012, 11:00 am ET

Executives

Kurt Svendsen - MD, Corporate Communications & IR

Mike Hoffman - Chairman & CEO

Renee Peterson - VP, Finance & CFO

Analysts

Eric Bosshard - Cleveland Research Company

Michael Wherley - Janney Capital

Robert Kosowski - Sidoti

Josh Chan - Raymond James

Jim Barrett - CL King & Associates

David MacGregor - Longbow Research

Presentation

Operator

Good day ladies and gentlemen and welcome to the Toro Company third quarter earnings conference call. My name is Jasmine and I will be your coordinator for today. At this time, all participants are in a listen-only mode. (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 to Mr. Kurt D. Svendsen, Managing Director of Corporate Communications and Investor Relations for the Toro Company. Please proceed, Mr. Svendsen.

Kurt Svendsen

Thank you and good morning. Joining me for our third quarter and earnings call are Mike Hoffman, Chairman and Chief Executive Officer; Renee Peterson, Chief Financial Officer; Tom Larson, Vice President and Treasurer and Blake Grams, Vice President and Controller.

We begin with our customary forward-looking statement policy. During this 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. 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.

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