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Feb 28
Lindsay Q2 2025 Earnings Report
Lindsay reported record net earnings and revenue growth in Q2 FY25.
Key Takeaways
Lindsay Corporation delivered strong Q2 results with record net income and solid performance in both its irrigation and infrastructure segments, driven by international projects and a major Road Zipper System delivery.
Net income grew 47% YoY to $26.6M, with EPS up 49%.
Revenue rose 23% YoY to $187.1M, driven by international irrigation and infrastructure.
Infrastructure segment revenue more than doubled due to a large Road Zipper project.
Operating margin expanded to 17.2%, supported by favorable mix and fixed cost leverage.
Lindsay
Lindsay
Lindsay Revenue by Segment
Lindsay Revenue by Geographic Location
Revenue by Segment
Irrigation Revenue
CapyFin.comInfrastructure Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Lindsay expects continued growth in infrastructure and international irrigation, while North America irrigation demand remains soft.
Positive Outlook
- Strong infrastructure project backlog supports FY25 growth.
- Ongoing large irrigation project in MENA region.
- Improving market conditions in Brazil.
- Higher U.S. infrastructure funding outlook.
- Execution on strategic inventory and supplier initiatives to manage tariffs.
Challenges Ahead
- Soft irrigation demand expected to continue in North America.
- Rising interest rates in Brazil pose investment challenges.
- Tariff impacts on cost of goods may slightly increase prices.
- Timing of infrastructure project awards remains unpredictable.
- Foreign currency headwinds affected international revenues.
Revenue & Expenses
Visualization of income flow from segment revenue to net income