Toro 2010 Annual Report Download - page 16

We also have agreements with third party financing companies Forward-Looking Statements
to provide financing programs under both generic and private label This Annual Report on Form 10-K contains, or incorporates by
programs in the U.S. and Canada. These programs, offered pri- reference, not only historical information, but also forward-looking
marily to Toro and Exmark dealers, provide end-user customers statements within the meaning of Section 27A of the Securities Act
revolving and installment lines of credit for Toro and Exmark prod- of 1933, as amended (‘‘Securities Act’’), and Section 21E of the
ucts, parts, and services. Exchange Act, and that are subject to the safe harbor created by
those sections. In addition, we or others on our behalf may make
Distributor Financing. Occasionally, we enter into long-term forward-looking statements from time to time in oral presentations,
loan agreements with some distributors. These transactions are including telephone conferences and/or web casts open to the
used for expansion of the distributors’ businesses, acquisitions, public, in press releases or reports, on our web sites or otherwise.
refinancing working capital agreements, or ownership transitions. Statements that are not historical are forward-looking and reflect
expectations and assumptions. We try to identify forward-looking
Employees statements in this report and elsewhere by using words such as
During fiscal 2010, we employed an average of 4,607 employees. ‘‘expect,’’ ‘‘strive,’’ ‘‘looking ahead,’’ ‘‘outlook,’’ ‘‘forecast,’’ ‘‘optimis-
The total number of employees as of October 31, 2010 was 4,609. tic,’’ ‘‘anticipate,’’ ‘‘continue,’’ ‘‘plan,’’ ‘‘estimate,’’ ‘‘believe,’’
We consider our employee relations to be good. Three collective ‘‘should,’’ ‘‘could,’’ ‘‘will,’’ ‘‘would,’’ ‘‘possible,’’ ‘‘may,’’ ‘‘likely,’’
bargaining agreements cover approximately 19 percent of these ‘‘intend,’’ and similar expressions or future dates. Our forward-look-
employees. These three agreements expire in October 2011, Octo- ing statements generally relate to our future performance, including
ber 2013, and May 2014. From time to time, we also retain tempo- our anticipated operating results, liquidity requirements, and finan-
rary and part-time workers, independent contractors, and cial condition; our business strategies and goals; and the effect of
consultants. laws, rules, regulations, new accounting pronouncements, and out-
standing litigation on our business and future performance.
Available Information Forward-looking statements involve risks and uncertainties.
We are a reporting company under the Securities Exchange Act of
These risks and uncertainties include factors that affect all busi-
1934, as amended (‘‘Exchange Act’’), and file reports, proxy state-
nesses operating in a global market as well as matters specific to
ments, and other information with the Securities and Exchange
Toro. The most significant factors known to us that could materially
Commission (‘‘SEC’’). Copies of these reports, proxy statements,
adversely affect our business, operations, industry, financial posi-
and other information can be inspected and copied at the SEC’s
tion, or future financial performance are described below in Part I,
Public Reference Room at 100 F Street N.E., Washing-
Item 1A,’’Risk Factors.’’ We wish to caution readers not to place
ton, D.C. 20549. You may obtain information on the operation of the
undue reliance on any forward-looking statement which speaks
Public Reference Room by calling the SEC at 1-800-SEC-0330.
only as of the date made and to recognize that forward-looking
Because we make filings to the SEC electronically, you may also
statements are predictions of future results, which may not occur
access this information from the SEC’s home page on the Internet
as anticipated. Actual results could differ materially from those
at http://www.sec.gov.
anticipated in the forward-looking statements and from historical
We make available, free of charge on our Internet web site
results, due to the risks and uncertainties described elsewhere in
www.thetorocompany.com (select the ‘‘Investor Information’’ link
this report, including in Part I, Item 1A, ‘‘Risk Factors,’’ as well as
and then the ‘‘Financials’’ link), our Annual Reports on Form 10-K,
others that we may consider immaterial or do not anticipate at this
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K,
time. The risks and uncertainties described in this report, including
Proxy Statements on Schedule 14A, amendments to those reports,
in Part I, Item 1A, ‘‘Risk Factors,’’ are not exclusive and further
and other documents filed or furnished pursuant to Section 13(a)
information concerning our company and our businesses, including
or 15(d) of the Exchange Act as soon as reasonably practicable
factors that potentially could materially affect our operating results
after we electronically file such material with, or furnish it to, the
or financial condition, may emerge from time to time.
SEC. The information contained on our web site or connected to
We assume no obligation to update forward-looking statements
our web site is not incorporated by reference into this Annual
to reflect actual results or changes in factors or assumptions
Report on Form 10-K and should not be considered part of this
affecting such forward-looking statements. We advise you, how-
report.
ever, to consult any further disclosures we make on related sub-
jects in our future Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K that we file with or furnish to the SEC.
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