Lindsay Corporation (NYSE: LNN) reported its fourth‑quarter and full‑year results for the period ended August 31 2025, announcing a total revenue of $153.6 million for the quarter and $676.4 million for the year, a 1 % decline and an 11 % increase respectively compared with the same periods in 2024. Operating income fell to $11.3 million in the quarter, down 16 % from $13.5 million, while net earnings were $10.8 million, a 15 % drop from $12.7 million. Diluted earnings per share were $0.99 in the quarter versus $1.17 in 2024, and $6.78 for the year versus $6.01 in 2024.
The company’s irrigation segment generated $129.0 million in the quarter, up 3 % from $125.9 million, with North America revenue declining 19 % to $50.0 million and international revenue rising 23 % to $79.0 million. Infrastructure revenue declined 16 % to $24.5 million, driven by lower Road Zipper System sales, but operating income in the segment fell 37 % to $3.5 million. Despite the mix shift, the overall operating margin for the quarter was 7.4 % compared with 8.7 % in 2024.
Full‑year operating income rose to $88.1 million, a 15 % increase from $76.6 million, and operating margin improved to 13.0 % from 12.6 %. Net earnings for the year reached $74.1 million, up 12 % from $66.3 million, and diluted EPS climbed to $6.78 from $6.01. The company reported a backlog of $110.7 million as of August 31 2025, down from $180.9 million a year earlier, largely due to deliveries of a large irrigation project in the MENA region.
Lindsay’s management highlighted continued international growth, noting that the MENA project and increased South American sales drove the majority of the year‑over‑year revenue rise. The company also emphasized the resilience of its infrastructure business, citing stable Road Zipper System leasing and road safety product sales. Outlook guidance indicated that demand in North America will remain tempered until commodity prices and farm income improve, while international markets are expected to sustain growth. The release underscored the company’s strong cash flow generation and its ability to fund future growth and shareholder returns.
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