The chart below shows how LNN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LNN sees a -0.18% change in stock price 10 days leading up to the earnings, and a +0.68% change 10 days following the report. On the earnings day itself, the stock moves by +2.86%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
International Irrigation Revenue Growth: Our international irrigation business delivered 37% year-over-year revenue growth, supported primarily by the additional sales volume of our previously announced record project in the MENA region.
Quarterly Revenue Increase: Consolidated revenues for the first quarter of fiscal 2025 increased 3% to $166.3 million compared to $161.4 million in the prior year.
Quarterly Net Earnings Increase: Net earnings for the quarter increased 14% to $17.2 million or $1.57 per diluted share compared to net earnings of $15 million or $1.36 per diluted share in the prior year.
Irrigation Revenue Increase: Irrigation segment revenues for the quarter increased 5% to $147.1 million compared to $140.2 million in the prior year.
Infrastructure Income Growth: Infrastructure operating income for the quarter of $4.1 million increased 14% compared to the prior year, and infrastructure operating margin for the quarter was 21.5% of sales, compared to 17.1% of sales in the prior year.
Negative
North America Irrigation Revenue Decline: North America irrigation revenues of $77.7 million decreased 13% compared to the prior year.
Infrastructure Revenue Decline: Infrastructure segment revenues for the quarter of $19.2 million were 9% lower compared to the prior year.
Irrigation Segment Income Decline: Irrigation segment operating income for the quarter of $24.7 million was 2% lower compared to the prior year, and operating margin was lower compared to the prior year.
Irrigation Equipment Demand Decline: A reduction in net farm income for calendar 2024 continues to temper demand for irrigation equipment in the near term.
Irrigation Equipment Sales Decline: The decrease resulted primarily from lower unit sales volume of irrigation equipment as well as a less favorable mix of shorter machines and slightly lower average selling prices compared to the prior year.
Lindsay Corporation (LNN) Q1 2025 Earnings Call Transcript
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