Lindsay Corporation (NYSE: LNN) stock surged 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 strong international market performance.
Lindsay posted quarterly earnings of $2.44 per share, a 48.78% increase from $1.64 per share in the same period last year. This figure comfortably beat the analyst consensus estimate of $1.89 by 29.1%. The company's quarterly sales also impressed, reaching $187.06 million, up 23.46% year-over-year and exceeding the analyst estimate of $177.30 million by 5.51%.
CEO Randy Wood attributed the strong performance to robust international irrigation revenue, which rose approximately 42% 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. The company also reported a healthy operating margin of 17.2%, with operating income of $32.1 million surpassing the analyst estimate of $26 million. Despite concerns about potential tariff impacts, Lindsay stated that plans are in place to mitigate these effects, with any marginal cost increases expected to be passed on to customers through product pricing adjustments.