The Toro Company (Toro) designs, manufactures, and markets professional turf maintenance equipment and services, turf irrigation systems, agricultural micro-irrigation systems, landscaping equipment and lighting, and residential yard and snow removal products. The Company operates in three business segments: Professional, Residential, and Distribution. Its products are advertised and sold at the retail level under the names of Toro, Exmark, Irritrol, Hayter, Pope, Lawn-Boy and Lawn Genie. On June 24, 2011, the Company completed the acquisition of certain assets of Lawn Solutions Commercial Products, Inc. In February 2012, the Company acquired certain utility and underground product assets of Astec Underground, Inc., a wholly owned subsidiary of Astec Industries, Inc. In April 2012, it acquired light construction and hardscape product assets of Stone Construction Equipment, Inc. In October 2013, the Company acquired Xiamen Xiangfeng Water Saving Equipment Co., Ltd.