Lindsay Corporation, a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced results for its second quarter ended February 28, 2025.
Key Highlights
- Quarterly net earnings increase 47 percent and diluted EPS increase 49 percent
- International project volume in the Middle East and North Africa (MENA) region contributes to 11 percent revenue growth in irrigation
- Infrastructure revenues more than double on the completion of a large Road Zipper System™ project
- Plans are in place to mitigate the potential impact of tariffs and retaliatory actions
“Strength in international irrigation more than offset expected softness in the North America irrigation market, driving overall irrigation revenue growth in our fiscal second quarter," said Randy Wood, President and Chief Executive Officer. "During the quarter, we continued delivery of our large irrigation project in the MENA region in addition to realizing increased sales in other parts of this developing region. In Brazil, our unit sales volume was comparable to the prior year as market conditions improved during the quarter. Our infrastructure business delivered outstanding results in the quarter, evidenced by strong revenue growth and significant margin expansion, which was driven by the execution of a large Road Zipper System project that we delivered in the period."
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