Dear Dealer,

Walker Manufacturing has closed the books on the 2015 fiscal year. We had another great year, quite similar to 2014, so we have had two great years in a row. There was modest growth in units shipped (+3.4%) and in dollars of revenue (+2%). Good progress was made in the last 12 months in product development, sales/marketing and improving the manufacturing process. The launch of the new MS14 model has been clean with very few "bugs"showing up as this unit is being put to work in the field.

There is good reason to be excited for 2016. We are continuing to broaden and improve our product offering to the market within the overall category of front-mount zero-turning-radius riding mowers. This is an exciting niche in the power equipment industry and holds great potential notwithstanding the popularity of mid-mount riders and standers in today's market.

Our "Out Front Advantage" factory sales training has been receiving accolades from the dealer sales representatives who have participated. Four hundred have attended the training sessions over the past three years and eight more sessions are planned for 2016. The sales training initiative plus new merchandising displays at Walker dealers are designed to give our customers a positive experience as they visit the dealership.

Finally, we are excited to be able to offer a product line manufactured by a family-owned, family-managed company. Third generation family members are at work in the company and the new blood and new energy that comes from the next generation means the years ahead of being a Walker Distributor, Walker Dealer or Walker Owner will bring some of the best opportunities available in the power equipment industry.

Best wishes to our readers
as we look forward to 2016,
Bob Walker
President, Walker Manufacturing