The Toro Co (NYSE:TTC)
$ 83.24 2.56 (3.17%) Market Cap: 8.54 Bil Enterprise Value: 9.17 Bil PE Ratio: 21.85 PB Ratio: 5.24 GF Score: 93/100

Toro Co to Acquire The Charles Machine Works Inc - M&A Call Transcript

Feb 15, 2019 / 04:00PM GMT
Release Date Price: $63.97 (+2.94%)
Operator

Good day, ladies and gentlemen, and welcome to The Toro Company Acquisition of The Charles Machine Works, Inc. Conference Call. My name is Merrill, and I'll be your coordinator for today. (Operator Instructions)

I would now like to turn the presentation over to your host for today's conference, Heather Hille, Director of Investor Relations and External Communications for The Toro Company. Please proceed, Ms. Hille.

Heather M. Hille
The Toro Company - Director of IR & External Communications

Thank you, and good morning. The press release announcing our definitive agreement to acquire Charles Machine Works was issued this morning by Business Wire and can be found in the Investor Information section of our corporate website at thetorocompany.com.

On our call today are Rick Olson, Chairman and Chief Executive Officer; Renee Peterson, Vice President, Treasurer and Chief Financial Officer; Julie Kerekes, Managing Director, Tax and Treasury; and Nicholas Rhoads, Director of Business Development and Strategic Planning.

We begin with

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