Lindsay Corporation (NYSE: LNN) saw its stock price plummet 6.34% in early trading on Thursday following the release of its fourth-quarter fiscal 2025 results, which fell short of analyst expectations. The irrigation and infrastructure company reported disappointing earnings and revenue figures, signaling challenges in its key markets.

Lindsay's quarterly earnings came in at $0.99 per share, missing the analyst consensus estimate of $1.14 by 12.93%. This represents a 15.38% decrease compared to earnings of $1.17 per share in the same period last year. The company's quarterly sales of $153.6 million also fell short of the expected $156.9 million, marking a 2.14% miss and a 0.93% year-over-year decline.

The company's performance was impacted by several factors. North America irrigation revenues were affected by lower storm damage replacement demand and soft market conditions. Additionally, infrastructure revenues declined by 16% due to project sales in the prior year that did not recur. Lindsay's operating income for the quarter decreased to $11.3 million from $13.5 million in the previous year, with the operating margin dropping to 7.4% from 8.7%. Looking ahead, the company expects demand for irrigation equipment in North America to remain tempered until the outlook for commodity prices and farm income improves, further contributing to investor concerns and the subsequent stock price decline.