Toro 2007 Annual Report Download - page 3

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Please find page 3 of the 2007 Toro annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Fiscal 2007 — Accomplishments
•Increased share in most markets through product innovation
and strong brands; invested nearly $60 million in research,
development and engineering.
•Boosted the international portion of total company sales to
29 percent.
•Achieved a record profit-after-tax yield of 7.6 percent.
•Generated $184 million in cash flow from operating activities.
•Acquired Rain Master Irrigation Systems to broaden our product
offering as water scarcity becomes more critical around the world.
Fiscal 2008 — Strategic Focus
•Drive higher retail demand in our core businesses by listening
closely to our customers and responding with the products and
services they need.
•Build and enhance relationships with distributors, dealers, and
retail partners to drive market share improvements.
•Accelerate international revenue growth.
•Improve working capital and asset management by expanding
Lean pull systems to better meet customer demand and improve
operational processes.
•Execute on our disciplined and comprehensive approach to
strategic acquisitions to position us for future growth.
Toro®professional equipment ends a long day’s work
in the shadow of Mt. Fuji, Japan’s highest mountain.
OpportunityAt this moment, somewhere in the
world, grass is growing. Leaves are falling. Crops are thirsting in the hot sun.
And snow is cascading from a steel-gray sky. This is Toro’s world …rich with
opportunities to lead the market and improve financial performance.
We value our legacy of innovation and strong relationships. Our eyes are
on the future…where Toro is more customer oriented, competitive and
profitable than ever before.