Record Earnings and Earnings Per Share
Achieved record earnings and earnings per share for the fiscal year 2025, driven by double-digit revenue and operating income growth in both the Irrigation and Infrastructure segments.
International Irrigation Growth
International Irrigation revenues increased by 39%, surpassing North American revenues for the first time in company history. This was driven by project sales in the MENA region and higher sales volume in South America.
Introduction of TowerWatch
Launched TowerWatch, a new product on the Smart Pivot platform, which reduced troubleshooting time by up to 75%, contributing to 20% year-over-year growth in annual recurring revenue.
Strong Cash Flow and Liquidity
Achieved free cash flow of 122% of net earnings, with total available liquidity of over $300 million, supporting strong balance sheet management and capital allocation priorities.
Infrastructure Segment Growth
Infrastructure segment revenues increased by 16% for the full fiscal year, with operating income increasing by 39% and operating margin improving to 24.3%.