Toro 2010 Annual Report Download - page 6

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Financial Highlights
(Dollars in millions, except per share data)
Fiscal years ended October 31
For the Fiscal Year 2010 2009 % Change
Net sales $1,690.4 $1,523.4 11%
Net earnings 93.2 62.8 48.4
Net earnings as a percentage of net sales 5.5% 4.1%
Diluted net earnings per share of common stock $ 2.79 $ 1.73 61.3
Cash dividends paid per share of common stock outstanding 0.72 0.60
Return on average stockholders’ equity 31.6% 18.5%
Net working capital* $ 234.7 $ 399.6 (41.3)
Net working capital as percentage of sales** 13.9% 26.2%
At Fiscal Year End
Total assets $ 885.6 $ 872.7 1.5%
Total debt 226.6 233.3 (2.9)
Stockholders’ equity 275.8 315.2 (12.5)
Debt-to-capitalization ratio 45.1% 42.5%
*Defined as average receivables plus inventory, less trade payables
**Average net working capital as percentage of sales
400
800
1,200
1,600
$2,000
10
$1,690.4
09080706
30
60
90
120
$150
10
$93.2
09080706 10
5.5%
09080706
Net Sales
(dollars in millions)
Net Earnings
(dollars in millions)
After-Tax Return
on Net Sales
2
4
6
8%
Revenue by Market
n Professional 64%
• Landscape Contractor &
Grounds 32%
• Golf 26%
• Micro Irrigation 6%
n Residential 35%
• Lawn & Garden 30%
• Snow 5%
n Other 1%
Revenue by Geographical Location
n United States 68%
n Europe 13%
n Australia 8%
Canada &
n Latin America 7%
n Asia 4%