Lindsay Corporation (NYSE: LNN) shares jumped 5.70% in pre-market trading on Thursday following the release of its impressive second-quarter fiscal 2025 results. The irrigation and infrastructure equipment manufacturer reported earnings that significantly surpassed analyst expectations, driven by robust international sales.
Lindsay posted quarterly earnings of $2.44 per share, handily beating the analyst consensus estimate of $1.89 by 29.1%. This represents a substantial 48.78% increase from the $1.64 per share reported in the same period last year. The company's revenue also exceeded expectations, coming in at $187.06 million, surpassing the analyst consensus estimate of $177.30 million by 5.51%. This marks a 23.46% increase from the $151.52 million reported in the previous year.
The strong performance was largely attributed to the company's international irrigation segment, which saw a 42% increase in revenue to $71 million. This growth more than offset the expected softness in the North American irrigation market, where revenue declined by about 7% to $77.1 million. CEO Randy Wood commented on the results, stating, "Strength in international irrigation more than offset expected softness in the North American irrigation market." The company also reported an impressive operating margin of 17.2%, further underlining its operational efficiency.
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