Toro Co Annual Shareholders Meeting Transcript
Good afternoon and welcome to the Toro Company's 2026 annual meeting of stockholders. I'm Rick Olson, Chairman and CEO. I'm joined by Angie Drake, our Vice President and Chief Financial Officer; and Joanna Totsky, our Vice President, General Counsel, and Corporate Secretary.
Thank you for joining us today and thank you for your continued support of the Toro Company. During fiscal 2025, we demonstrated the resilience and strength of our core businesses and continued to leverage technology advancements across the enterprise to accelerate new product development.
Our innovative product lineup and disciplined execution by our team of talented employees and best-in-class channel partners helped us deliver record-free cash flow of $578 million. With the improvement in cash flow, we returned $441 million to stockholders, including a 6% increase in our regular dividend payout and $290 million in stock repurchases. Additionally, due to the overachievement of our AMP initiative, we are increasing our run rate
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