Lindsay Corp. ( (LNN) ) has released its Q2 earnings. Here is a breakdown of the information Lindsay Corp. presented to its investors.
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Lindsay Corporation is a prominent global manufacturer and distributor of irrigation and infrastructure equipment and technology, serving the agricultural and transportation sectors with innovative solutions. In its second quarter fiscal 2025 earnings report, Lindsay Corporation announced a record quarterly net earnings, supported by a 23 percent increase in revenue. The company attributed its strong performance to significant growth in international irrigation projects and a major infrastructure project completion.
The company’s quarterly net earnings rose by 47 percent, with diluted earnings per share increasing by 49 percent. Notably, international project volume in the MENA region contributed to an 11 percent revenue growth in irrigation, while infrastructure revenues more than doubled due to the completion of a large Road Zipper System project. Despite a decrease in North American irrigation revenues, the overall irrigation segment saw an 11 percent revenue increase.
Lindsay Corporation’s infrastructure segment experienced a remarkable 110 percent increase in revenues, driven by a significant Road Zipper System project. The operating income for this segment surged by 278 percent, reflecting the successful execution of high-margin projects. The company’s backlog of unfilled orders also increased, indicating strong future demand.
Looking ahead, Lindsay Corporation remains optimistic about its growth prospects, particularly in international markets and infrastructure projects. While the North American irrigation market faces challenges, the company is strategically positioned to mitigate potential impacts from tariffs and leverage its global supply chain to sustain growth.