The following is a summary of the Lindsay Corporation (LNN) Q1 2025 Earnings Call Transcript:

Financial Performance:

• Lindsay Corporation reported Q1 FY 2025 revenue of $166.3 million, a 3% increase year-over-year.

• Net earnings for Q1 increased 14% to $17.2 million, or $1.57 per diluted share.

• International irrigation segment grew by 37%, driven by sales in the MENA region and early positive trends in Western Europe and Latin America.

Business Progress:

• Lindsay Corporation has finalized a $20-plus million contract for a large road zipper system project, expected to be delivered in Q2.

• Announced the acquisition of a minority interest in Austria-based Pessl Instruments, enhancing the field-net and field-wise platforms and aiming to grow annual recurring revenue.

Opportunities:

• The international markets, particularly the MENA region, show strong performance potential due to ongoing food security and water scarcity concerns.

• Infrastructure segment anticipates growth with new projects and operational efficiencies.

• New regional financing programs in Brazil and federal agricultural aid in the U.S. could bolster market conditions.

Risks:

• North America faces weaker market conditions due to low commodity prices and high input costs.

• International projects face intense competition and unpredictable timing, despite a robust project funnel.

• Foreign currency fluctuations and regional economic instability may impact earnings and operations.

More details: Lindsay IR

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