Skip to main content

Market Overview

Toro Recalls Snow Blower, Citing Potential Amputation Hazard

Share:
Toro Recalls Snow Blower, Citing Potential Amputation Hazard

The Toro Co. (NYSE: TTC) has issued a recall of one of its Toro Power Max Snowthrowers due to a potential amputation hazard.

What Happened: The Bloomington, Minnesota-headquartered company said its Model Year 2021 Toro Power Max 826 OHAE Snowthrowers with Model Number 37802 are being recalled due to a defective auger that could fail to disengage when the control lever is released.

The company said it received five reports of a problematic auger — and while no injuries have been reported, the worst-case scenario would involve the potential for amputation.

Approximately 6,700 machines are being recalled. These products, which retail for roughly $1,200, were manufactured in Juarez, Mexico and sold through the retail and e-commerce channels of Home Depot, Ace Hardware and Toro’s authorized dealers between November 2020 and January 2021.

What Happens Next: People who purchased the snow blowers have been told not to use them and to contact a Toro dealer for a free repair.

Toro conducted the recall through the Track Recall process operated by the U.S. Consumer Safety Product Commission.

TTC Price Action: Toro shares were trading 1.55% higher at $100.26 at last check Friday. 

 

Related Articles (TTC)

View Comments and Join the Discussion!

Posted-In: News Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com