Lindsay Q2 revenue rises 23% to $187.1 million; diluted EPS up 49% to $2.44
Lindsay Corporation reported second quarter fiscal 2025 results for the period ended February 28, 2025. Revenue rose 23% to $187.1 million, operating income rose 45% to $32.1 million, and net earnings rose 47% to $26.6 million, which helped lift diluted EPS to $2.44 from $1.64. The company said international irrigation project work in the Middle East and North Africa offset softer North American irrigation demand, and it gave no numeric guidance for the full year.
- Total revenues were $187.1 million, up $35.5 million or 23% from $151.5 million a year earlier.
- Irrigation revenue rose 11% to $148.1 million, with international sales up 42% and North America down 7%.
- Infrastructure revenue more than doubled to $38.9 million, driven by a Road Zipper System project valued at over $20 million.
- Backlog of unfilled orders was $127.0 million at February 28, 2025, compared with $94.2 million a year earlier.