The Toro Company (Toro) is engaged in designing, manufacturing and marketing professional turf maintenance equipment and services, turf and micro irrigation systems, landscaping equipment, and residential yard products. The Company classifies its operations in two business segments: professional and residential. A third segment called other consists of domestic Company-owned distributorships, corporate functions, and Toro Credit Company, a wholly owned financing subsidiary. The Company’s products are advertised and sold at the retail level under the trademarks of Toro, Exmark, Irritrol, Hayter, Pope, Lawn-Boy and Lawn Genie. Toro manufactures its products in the United States, Mexico, Australia, Italy, and the United Kingdom.