Apr. 3 at 1:08 PM
$LNN
Lindsay reported strong second quarter fiscal 2025 results with record quarterly net earnings.
Total revenues increased 23% to
$187.1 million, driven by international project volume and infrastructure growth.
Key financial highlights include:
Net earnings up 47% to
$26.6 million
Diluted EPS increased 49% to
$2.44
Operating income rose 45% to
$32.1 million
Operating margin improved to 17.2%
The irrigation segment saw 11% revenue growth to
$148.1 million, with international irrigation revenues up 42% to
$71.0 million, offsetting a 7% decline in North America.
The infrastructure segment showed remarkable growth with revenues more than doubling to
$38.9 million, primarily due to a large Road Zipper System project.
The company's backlog stands at
$127.0 million, up from
$94.2 million year-over-year.
