1. Lindsay's Q3 revenue rose 22%, driven by international irrigation growth. 2. International irrigation revenues surged 60% from projects in the MENA region. 3. North America irrigation revenues increased slightly despite market challenges. 4. Operating income grew 19% due to strong revenue and operational execution. 5. Net earnings dipped 4% due to a one-time tax credit last year.
The strong revenue growth, especially in the MENA region, is promising. Historical performance suggests similar growth led to positive stock movement.
The article outlines significant revenue growth and operational success, likely enhancing LNN's attractiveness to investors.
The upcoming growing season and current economic conditions can influence immediate demand. Short-term forecasts indicate continued project opportunities and potential sales boost.
OMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its third quarter ended May 31, 2025.
Key Highlights
“Continued strength in our international irrigation business, supported by ongoing project revenues in the MENA region, led to strong irrigation revenue growth for the quarter and a 22 percent increase in our overall revenues compared to last year," said Randy Wood, President and Chief Executive Officer. "North America irrigation revenues were up slightly in the quarter, demonstrating resilience despite increased market uncertainty related to tariffs and potential disruption of U.S. grain exports. In Brazil, our sales volumes improved compared to the prior year as market conditions continue to show incremental signs of improvement. Infrastructure revenues were also higher than the prior year as we enter road construction season in North America."
Wood continued, "I am pleased with the continued solid execution of our large irrigation project in the MENA region and the performance of our operations and supply chain teams globally. Our teams have adapted well in this dynamic environment in order to mitigate potential tariff impacts to our material costs while prioritizing safe and efficient operations. We also continue to leverage our global footprint to minimize potential impacts to the business from tariffs or trade disruptions and expect to pass through any unmitigated cost increases through pricing actions."
Third Quarter Summary
Consolidated Financial Summary |
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Third Quarter |
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(dollars in millions, except per share amounts) |
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FY2025 |
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FY2024 |
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$ Change |
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% Change |
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Total revenues |
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$169.5 |
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$139.2 |
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$30.3 |
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