Toro CEO's pay is down 21% to $5.5M
Cash incentives tied to annual performance goals decreased 53%, contributing to the drop in Rick Olsons executive compensation.
Source: startribune.com
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Toro acquires Spartan Mowers maker for $400 million
Arkansas-based Intimidator Group has "strong brand recognition" in the South, Toro said.
Source: startribune.com
For Minnesota businesses, higher costs are 'coming everywhere'
Inflation is causing disruptions to workflow, threats to profits and tough decisions about passing rising costs on to customers.
Source: startribune.com
Minnesota manufacturers jump on electric power bandwagon
With many motivations, the product mix is changing quickly at companies including Toro, Polaris and Donaldson as technology improves and customer demand shifts.
Source: startribune.com
Toro recalls 6,700 snowblowers due to 'amputation hazard'
Copy shortlink: Bloomington-based Toro is recalling roughly 6,700 snowblowers after reports of the auger continuing to whir despite the control lever being released. The recall, announced Wednesday by the U.S. Consumer Product Safety Commission (CPSC), instructs anyone with a 2021 Power Max 826 OHAE snowblower, model number 37802, to stop using the machine and contact a Toro-authorized dealer for free repairs. The CPSC said in its recall announcement that Toro has receiv...
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Source: startribune.com