Want to keep up with the latest news in sports and athletic field management? Read a quick recap of recent happenings in the industry.
California City Adopts Organic-First Pesticide Policy
Following the lead of nearby cities, the city of Carlsbad, California has adopted an organic-first pesticide policy for all city-owned properties including parks, school sites and athletic fields. According to their website, the city has updated its Integrated Pest Management plan to prioritize using products and approaches that have “the least potential for negative effects on human health and the environment.” The city estimates the new plan will result in an increased cost of approximately $1 million a year.
Toro Reports Record Fiscal 2017 Results
The Toro Company reported net earnings of $267.7 million, or $2.41 per share, on a net sales increase of 4.7 percent to $2.505 billion for its fiscal year ended October 31, 2017. In fiscal 2016, the company delivered net earnings of $231.0 million, or $2.06 per share for the year, on net sales of $2.392 billion. For fiscal 2018, the company expects revenue growth to exceed 4 percent, and net earnings to be about $2.57 to $2.63 per share. For the first quarter, the company expects net earnings to be about $0.42 to $0.44 per share.
OPEI Announces Speakers For 2018 Annual Meeting
The Outdoor Power Equipment Institute Annual Meeting will be held at the Hyatt Regency Coconut Point, in Bonita Springs, Florida, June 18-20, 2018. The meeting will feature two keynotes: NASA rocket scientist, Adam Steltzner and Silicon Valley tech entrepreneur, Vivek Wadhwa.