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Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Company Overview 37 Results of Operations 38 Business Segments 40 Financial Position 41 Non-GAAP Financial Measures 45 Critical Accounting Policies and Estimates 47 ITEM 7A.
We have continued to complement our brands, enhance our product portfolios, and improve our technologies through innovation and strategic acquisitions over the more than 100 years we have been in business, including most recently our acquisition of Tornado Infrastructure Equipment Ltd.
We also plan to continue our commitment to disciplined portfolio management and prudent capital allocation strategies, resulting in our disposition from time to time of non-core product lines.
Net sales of our reportable segments and Other activities accounted for the following percentages of our consolidated net sales for fiscal 2025: Professional, 80.3 percent; Residential, 19.0 percent; and Other, 0.7 percent.
Acquisitions On December 8, 2025, we acquired Tornado Infrastructure Equipment Ltd., a Calgary, Alberta, Canada-based manufacturer in the hydrovac excavation solutions industry for a purchase price of $279.3 million Canadian dollars.
Tornado Infrastructure Equipment manufactures hydrovac excavation solutions and industrial equipment solutions for the underground construction, power transmission, and energy markets and provides innovative product offerings that broaden and strengthen the company's Professional segment and expands its dealer network.
The company funded the acquisition with borrowings under its existing revolving credit facility and additional financial arrangements.
Equipment products for the golf market include large reel and rotary riding mowers for fairway, rough, and trim cutting, including autonomous solutions; riding and walking mowers for greens and specialty areas; greens rollers; all-wheel drive articulating tractors; turf sprayer equipment; utility vehicles; aeration equipment; bunker maintenance equipment; other specialty turf equipment; and Intelli360 for telematics and fleet management.
These irrigation products predominantly consist of sprinkler heads, controllers, turf sensors, valves and operating software.
Equipment products for the sports fields and grounds market primarily include riding rotary and reel mowers and attachments, aerators, infield grooming equipment, all-wheel drive articulating tractors, multipurpose vehicles, and versatile debris blowers.
REMOVED
Management's Discussion and Analysis of Financial Condition and Results of Operations 35 Company Overview 35 Results of Operations 36 Business Segments 37 Financial Position 39 Non-GAAP Financial Measures 43 Critical Accounting Policies and Estimates 46 ITEM 7A.
Our forward-looking statements generally relate to our future performance and may include, among others, statements relating to: our anticipated operating results, liquidity requirements, and financial condition; the anticipated impacts of current global supply chain disruptions, the inflationary environment, the imposition, or threat of imposition, of additional tariffs, based on the recent U.S.
We have continued to complement our brands, enhance our product portfolios, and improve our technologies through innovation and strategic acquisitions over the more than 100 years we have been in business.
Net sales of our reportable segments and Other activities accounted for the following percentages of our consolidated net sales for fiscal 2024: Professional, 77.6 percent; Residential, 21.8 percent; and Other, 0.6 percent.
Professional Segment We design professional turf maintenance; landscape and lighting; rental, specialty, and underground construction; snow and ice management; and agricultural products.
Equipment products for the golf market include large reel and rotary riding mowers for fairway, rough, and trim cutting; riding and walking mowers for greens and specialty areas; greens rollers; all-wheel drive articulating tractors; turf sprayer equipment; utility vehicles; aeration equipment; bunker maintenance equipment, and other specialty turf equipment.
Equipment products for the sports fields and grounds market primarily include riding rotary and reel mowers and attachments, aerators, infield grooming equipment, all-wheel drive articulating tractors, multipurpose vehicles and debris management products, which include versatile debris vacuums, blowers, and sweepers.
Equipment products for the landscape contractor market include zero-turn radius riding mowers, heavy-duty walk behind mowers, mid-size walk behind mowers, stand-on mowers, and all-wheel drive articulating tractors, as well as turf application, turf renovation, and tree care equipment.
Rental and Specialty Construction Market We design, manufacture, market, and sell Toro and Ditch Witch-branded equipment products that are intended to provide innovative solutions to serve the rental and specialty construction market.
These irrigation products are designed to provide innovative water application solutions for both commercial and residential landscapes.