TTC · CIK 737758
What The Toro Company told the SEC could break it.
Toro's disclosures all trace back to the inputs that go into its outdoor equipment. Its primary commodity cost exposures are steel, aluminum, petroleum and natural gas, leaving margins sensitive to swings in those prices. That input dependence intersects with trade policy — U.S. tariffs and antidumping/countervailing duties on Chinese imports, including certain engines brought in from China, have affected the availability and price of the commodities, components and parts it uses — and while most inputs come from multiple sources, certain components are sourced from single suppliers, which has limited and could continue to limit availability.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Commodity & input dependence
- steel, aluminum, petroleum and natural gasmedium
Toro's primary commodity cost exposures for the components and parts used in its outdoor equipment are steel, aluminum, petroleum and natural gas, leaving margins exposed to swings in those input prices.
“Our primary cost exposures for commodities, components, parts, and accessories used in our products are with steel, aluminum, petroleum and natural gas.”
Regulatory & policy
- tariffs and antidumping/countervailing duties on Chinese imports (incl. engines)medium
U.S. tariffs and antidumping/countervailing duties on imports from China — including certain engines imported into the U.S. from China — have impacted the availability and price of commodities, components, parts and accessories Toro uses in its products.
“antidumping and countervailing duties on certain products imported from foreign countries, including certain engines imported into the U.S. from China.”
Sole-source dependency
- certain components sourced from single suppliersmedium
While most of Toro's inputs are available from multiple sources, certain commodities, components, parts or accessories are sourced from single suppliers, which has limited and could continue to limit availability.
“while most of our commodities, components, parts, or accessories are generally commercially available from a number of sources, certain items are sourced from single suppliers”
SEC filing →As of 2025
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