Lindsay Corporation (LNN) Q3 2025 Earnings Call Transcript

Lindsay Corporation (NYSE:LNN) Q3 2025 Earnings Conference Call June 26, 2025 11:00 AM ET

Company Participants

Brian L. Ketcham – Senior VP & CFO
Randy A. Wood – President, CEO & Director

Conference Call Participants

Adam Michael Farley – Stifel, Nicolaus & Company, Incorporated, Research Division
Brian Paul Drab – William Blair & Company L.L.C., Research Division
Jonathan Paul Braatz – Unidentified Company
Kansas City Capital Associates – Unidentified Company
Ryan Michael Connors – Northcoast Research Partners, LLC

Operator

Good day, and welcome to the Lindsay Corporation’s Fiscal Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Randy Wood, President and CEO. Please go ahead.

Randy A. Wood

Thank you, and good morning, everyone. Welcome to our fiscal 2025 third quarter earnings call. With me today is Brian Ketcham, our Chief Financial Officer. I’m extremely proud of our team and their execution, delivering our third consecutive quarter of year-over- year growth in both revenue and operating income.

Our employees are diligently focused on supporting our customers and each other. These results reflect the strength of our global business and our team’s commitment to execution excellence. Our irrigation business delivered year-over-year revenue growth, led by strength in our international markets, including Latin America and the Middle East and North Africa region, while the domestic irrigation volume was comparable to the prior year.

We continue to deliver our large project in the Middle East and are pleased to announce we have secured a new project in the territory valued at over $20 million. This project will begin shipping in our fiscal fourth quarter and will continue into our first quarter of fiscal year 2026. Turning to our Infrastructure segment. Our team delivered another solid quarter, primarily driven by road safety products