good you, and everyone. Thank Rick, morning,
reported The in led This increase $X. have branded Exmark equipment. compared a to diluted EPS Adjusted We Machine EPS strong snow revenue to XXXX. by for increased Diluted in Charles $X.XX by of XX.X% XXXX, full Professional products, from segment largely the $X.XX was XX.X% XXXX. and Works revenue $X,XXX billion ice driven year, acquisition, and BOSS turf totaled
the $XXX.X the and real compared diluted acquisition, demand introductions EPS to channel increased $X.XX. $X.XX, and was Groundsmaster For quarter, Outcross This mass to Works million, the vehicles. primarily Adjusted EPS product increased for quarter. sales mowers include by $X.XX Greensmaster last Boss year. and golf Charles product XX% in Machine revenue The to driven Diluted new
Professional year, net increased the For XX.X% sales to segments billion. $X.XXX
$XXX.X growth For for Works, XX.X% Charles was the by mainly The $XXX.X for the added the the $XXX.X fourth which Machine sales million year sales quarter, driven acquisition incremental Professional to million. increased million and quarter. segment net of of sales
Charles Machine Works’ acquisition, legacy segment The the X.X% Excluding Professional year. up sales were for
with included reflecting last and the XXXX The $XXX.X Machine period to for million the Tory down were in of earnings same million, earnings segment underground adjustments million, to fourth decision essentially acquisition. compared construction were flat the expenses fourth Charles the one-time strategic last higher quarter. related This primarily the $XX.X Professional in portfolio branded Works $XXX.X quarter third year, with year. accounting The wind our quarter purchase Professional of for impact segment
parts. for Residential XXXX mowers, walk of X% sales throwers segment and higher net were snow $XXX.X reflecting million, to power up sales net
thrower Residential segment quarter, fourth of snow X.X% $XXX.X net to the For due million, to sales products. primarily strong sales increased
Residential and segment were productivity XXX.X% of earnings million, X.X% initiatives. up XXXX fourth segment to as $XX.X a largely the were up pricing earnings $XX.X million. for Residential for result quarter to
result associated operating the This year. Moving points Charles Works The of higher the tariff was XXXX costs to for XXX and results. for commodity of Reported unfavorable our a mainly of decline was purchase accounting charges related the Machine impact XX.X%, year. and margin with over acquisition prior gross basis a
XX margin prior points The a acquisition-related items, other basis Excluding Machine the gross over and Works adjusted XX.X%, year. Charles decrease impacts was of non-recurring
fourth actions year-over-year effects by increased increased margin quarter, in XX.X% points as from from XX.X% lower the prior costs. basis impact to commodity the pricing gross and freight For positive XXX XX.X% acquisition-related in the period, offset to was Adjusted gross from at margin the charges quarter.
For improvement. fiscal we margin XXXX, see gross to expect
of percent a Charles Machine as points for primarily due increased expense XXX year, the acquisition the sales SG&A basis Works. of to
and For intangible higher XXX in reflecting warranty the to engineering expense several for expenditures The related new in growth and of development. acquisition, our quarter, amortization sales percent SG&A and increased expense as Charles product businesses Works acquisition integration-related Machine basis claims of increased a points,
for XXXX. in percent reported as earnings sales of the a were a with net our year. of of as for with XX.X% were year as Adjusted earnings compared year, operating result, compared were Fourth a the operating quarter As sales XX.X% X% sales a a ago. percent XX.X%, X.X%, percent earnings reported operating
quarter, the of as percent adjusted earnings For were X.X%. sales a operating
for Interest to Works expense increases were Machine debt $X.X fund quarter. million the million the and Charles the increased year to by $X.X additional These by acquisition. due for The
realized Net other actuarial for income in was from equity higher and valuation gains fiscal our and investment the changes Red largely for on pension Iron. earnings due plans, year, post-retirement our million to up $X.X
realized fiscal expected largest approximately we XX% driver this which other not is The XXXX. expect net is to fiscal is income in actuarial which the to of about in changes on repeat gains the valuation fiscal For fiscal be decrease XXXX, $XX than million, lower XXXX. XXXX,
will income terms investment from partner In addition, Iron. fiscal we XXXX. That Red lower higher in our have and negotiated our finance sales beginning net inventory equity other with in new in result
for year effective quarter and and respectively. respectively. the tax XX.X% and The for year quarter, tax rate was XX.X%, the XX.X% effective rate adjusted reported full full XX.X% The were fourth and the
effective we For of tax about fiscal adjusted XX.X%. expect XXXX, an rate
the million cash Turning and of $XXX.X debt. sheet equivalents, we $XXX.X quarter to and the ended cash with and million flow, balance cash of
in Our with acquisitions returning innovation, balance value continues productivity provide to us shareholders. while flexibility initiatives, and invest to to sheet
of in working we of Machine our Works As Charles and inventory, and payables increases expected, as to year-end the receivables. due inclusion increased capital saw
amortization higher The expect $XX Works expenditures $XXX a as Capital fiscal to result be about about million. Machine XXXX. and for Charles are of acquisition of million depreciation We estimated
flow fiscal XX% of of conversion about cash end flow towards guidance conversion XX% we year, cash the to expect the XXX%. high about for our be In was Free free to XX%. XXXX, range
million and of investments returning XXXX, $XXX while invested and focused remain expenditures, growth strength and repurchased million $XX innovation, our capital and value in allocation Works shareholders. also The Machine is funding dividends. paid our productivity R&D we business capital disciplined stock in We million Charles In completed strategy. The in Toro acquisition, $XX of over with to
disciplined our fiscal forward. capital allocation by for under We have our quarterly XXXX committed dividend executing continue XX.X% authorization. increased capacity to our and on going remain strategy We to ample
I will comments back now regarding our turn Rick to call outlook. for his the
