Net sales decreased by 1.5% to $1,603.7 million in 2025 compared to $1,628.5 million in 2024. Net income decreased by 10% to $103.8 million in 2025 compared to $115.9 million in 2024. The Industrial Equipment Division saw a 12.6% increase in net sales to $949.7 million and a 19% rise in income from operations in 2025. The Vegetation Management Division experienced a 16.7% decrease in net sales to $654.1 million and a 59% decline in income from operations in 2025. Consolidated income from operations decreased by 8% to $151.6 million in 2025 from $165 million in 2024. Unfilled customer orders stood at $599.7 million as of December 31, 2025, down from $668.6 million at December 31, 2024. Working capital increased by $112.5 million to $779.7 million as of December 31, 2025, primarily due to higher cash and cash equivalents. The company acquired Ring-O-Matic, LLC for approximately $17.5 million and GreenMech Ltd. for approximately $3.6 million in 2025. A quarterly dividend of $0.34 per share was declared on January 2, 2026, an increase from $0.30 per share.