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.

October 25, 2011

Lennox International reported third-quarter net income of $33.8 million, down 19% from $41.8 million in the same period last year. Revenue for the third quarter was $923 million, up 13% from $818.2 million in the third quarter of 2010.

August 25, 2011

Luxury home builder Toll Brothers reported mixed results for its third fiscal quarter, with profits up but revenues down as cancellations increased and orders for new homes slowed.

Net earnings for the third quarter, which ended July 31, were $42.1 million, a 54% increase, but they included a one-time tax benefit of $38.2 million. This compares with net income of $27.3 million in the same period a year ago, which included a $26.5 million tax benefit. 

August 18, 2011

Bloomington, Minn.-based Toro has posted third-quarter net earnings of $35.1 million, up 5% from net earnings of $33.4 million in the prior-year period.

Net sales for the quarter ended July 29 totaled $501 million, up 9% from net sales of $458.9 million in the third quarter of 2010.

May 11, 2011

Boucherville, Quebec-based RONA posted a first-quarter net loss of C$16.8 million, down C$19.8 million from the same period last year.

First-quarter revenues totaled C$918.2 million, down 4.0% from the year-ago period. Same-store sales were down 12.6%. The company cited a 6.2% decrease in Retail and Commercial segment revenues, offset by a 1.7% increase in Distribution segment revenues as the reason for the decrease.

February 3, 2011

Standard Pacific, a production home builder with operations in eight states, reported a net loss of $21.9 million for the fourth quarter of 2010, compared with net income of $82.7 million for the same quarter a year ago. The 2010 fourth quarter included a $23.8 million charge related to the early extinguishment of debt and $2.3 million of asset impairments. Excluding these one-time charges, the company generated net income of $4.3 million for the 2010 fourth quarter. 

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