Lindsay Corporation (LNN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Lindsay Corporation Fiscal Fourth Quarter 2025 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Randy Wood, President and CEO. Please go ahead. Thank you and good morning, everyone. Welcome to our fourth quarter and full year 2025 is earning call. With me today is Brian Ketchum, our Chief Financial Officer. I'm extremely pleased with our fiscal year 2025 results and proud of our team for demonstrating resilience in the face of challenging market fundamentals and a volatile macroeconomic environment. Double digit revenue and operating income growth in both our businesses combined with execution of our key strategic initiatives enabled us to achieve record earnings and earnings per share for the year. Our fourth quarter performance was marked by revenue growth in our irrigation segment, driven by double-digit increases in our international irrigation business, as South America, the Middle East, North Africa, and Australia all delivered strong results. In North America, low commodity prices and weak crop receipts continued to negatively impact demand. We also saw a large reduction in storm damage volume versus prior year, impacting whole goods orders and aftermarket revenues in the quarter. We also dealt with the wet summer that impacted our runtime hours. Pivot analytics data indicates irrigated hours across the core Midwest ma...