Revenue Growth
Consolidated revenues for the third quarter of fiscal 2025 increased 22% to $169.5 million compared to $139.2 million in the prior year.
Irrigation Segment Success
Irrigation segment revenues increased 25% to $143.7 million, driven by a 60% increase in international markets, particularly in the MENA region and Brazil.
Infrastructure Segment Performance
Infrastructure segment revenues increased 6% to $25.7 million, primarily from higher sales of road safety products.
New Project in the Middle East
Secured a new project in the Middle East valued at over $20 million, expected to begin shipping in the fiscal fourth quarter.
Operational Efficiencies
Operational efficiencies contributed to margin expansion, with improvements seen in the main factories in Brazil, Turkey, and the U.S.