The Toro Company's CEO Discusses F1Q2012 Results - Earnings Call Transcript

The Toro Company ( TTC)

F1Q2012 Earnings Conference Call

February 23, 2012 11:00 AM ET

Executives

Kurt Svendsen – Managing Director, Investor Relations

Mike Hoffman – Chairman and Chief Executive Officer

Renee Peterson – Chief Financial Officer

Tom Larson – Vice President and Treasurer

Blake Grams – Vice President and Controller

Analysts

Mike Wherley – Janney Capital Markets

[Josh] – Raymond James

Robert Kosowski –Sidoti & Company

Presentation

Operator

Good day, ladies and gentlemen, and welcome to The Toro Company First Quarter Earnings Conference Call. My name is Regina and I will be your coordinator for today.

At this time, all participants are in listen-only mode. We will be facilitating a question-and-answer session towards the end of today’s conference. (Operator instructions) As a reminder, today’s conference is being recorded for replay purposes.

I would now like to turn the presentation over to your host for today’s conference, 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 first quarter 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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