Lindsay Corporation, a global manufacturer and distributor of irrigation and infrastructure equipment and technology, released its third-quarter fiscal 2025 results, showing impressive growth in revenue and operating income. The company reported total revenues of $169.5 million, marking a substantial 22% increase from the previous year's $139.2 million.
In the irrigation segment, North America revenues experienced a slight 1% increase, reaching $69.1 million, while international irrigation revenues surged by an impressive 60% to $74.7 million. The significant growth in international irrigation was primarily driven by project volume in the Middle East and North Africa region, with a large project contributing to the boost.
The infrastructure segment also saw positive growth, with revenues increasing by 6% to $25.7 million. However, the operating income for this segment decreased by 14% to $5.4 million, with the operating margin dropping to 21.1% compared to 25.8% in the previous year. The decrease in operating income and margin was attributed to a less favorable margin mix of road zipper system™ revenues compared to the prior year.
The market has reacted to these announcements by moving the company's shares 3.29% to a price of $141.80. Check out the company's full 8-K submission here.
