Core Insights - KinderCare Learning Companies has announced the promotion of Lindsay Sorhondo to Chief Operating Officer, effective November 11, 2025, to lead the next phase of growth [1][2] Company Overview - KinderCare is a leading provider of high-quality early childhood education and care, operating more than 2,600 early learning centers across 41 states and the District of Columbia [4][5] - The company partners with employers to provide customized family care benefits, including on-site child care solutions and tuition benefits [4] Leadership and Strategy - In her new role, Sorhondo will oversee strategy, operations, customer experience, marketing, and IT, focusing on alignment and innovation across KinderCare's portfolio [2][3] - Sorhondo has been with KinderCare since 2013, previously serving as Chief Innovation Officer, and has played a key role in enhancing the company's operational capabilities [3] Community Engagement - KinderCare is actively involved in initiatives like Lights On Afterschool, which emphasizes the importance of after-school programs for working families [7] - The company has expressed strong support for the bipartisan Child Care Modernization Act, aimed at improving access and affordability in child care [8] Recent Developments - KinderCare, in collaboration with Maricopa County, has opened a new early learning center for county employees, enhancing child care access for working families [9]

Core Viewpoint - Lindsay Corporation has announced a new share repurchase program authorizing up to $150 million of its outstanding common stock, reflecting its commitment to delivering value to shareholders [1] Company Summary - Lindsay Corporation is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology [1] - The company has maintained a robust balance sheet and disciplined capital allocation priorities [1]

Core Insights - Lindsay Corporation's shares fell 7% following the release of adjusted earnings per share of 99 cents for Q4 fiscal 2025, which was a 15% decline year over year and missed the Zacks Consensus Estimate of $1.04 [1][9] - The company reported revenues of $154 million, a slight decrease of 0.9% from $155 million in the same quarter last year, but exceeded the Zacks Consensus Estimate of $151 million [1][9] Financial Performance - The backlog as of August 31, 2025, was $111 million, down from $181 million a year earlier [2] - The cost of operating revenues decreased by 0.4% year over year to $109 million, while gross profit fell 2.2% to $45 million, resulting in a gross margin of 29.2%, slightly down from 29.5% a year ago [3] - Operating expenses rose 3.7% year over year to $33.4 million, leading to an operating income of $11.3 million, down from $13.5 million in the prior year [3] Segment Performance - The Irrigation segment's revenues increased by 2.5% year over year to approximately $129 million, with North American irrigation revenues decreasing by 18.8% to $50 million due to lower storm damage replacement [4] - International irrigation revenues grew by 23.1% year over year to $79 million, and the irrigation segment's operating income rose by 4% to $17.7 million [4] - The Infrastructure segment's revenues decreased by 16% year over year to $24.5 million, with operating income down 37% to $3.5 million [5] Annual Performance - For fiscal 2025, the company reported adjusted earnings per share of $6.78, missing the Zacks Consensus Estimate of $6.83, but representing a 13% year-over-year improvement [6] - Total revenues for fiscal 2025 were $676 million, an 11% increase from $607 million in fiscal 2024, surpassing the Zacks Consensus Estimate of $674 million [6] Financial Position - At the end of fiscal 2025, the company had cash and cash equivalents of $251 million, up from $191 million at the end of the previous fiscal year [7] - Long-term debt remained stable at approximately $115 million [7] Future Outlook - The company anticipates that demand for irrigation equipment in North America will remain challenging until commodity prices and farm income improve, while demand in Brazil is expected to remain stable [10] - Stable growth is expected in Road Zipper System leasing and road safety products [10] Stock Performance - Lindsay's shares have declined by 2.2% over the past year, contrasting with the industry's growth of 14.8% [11]

Core Viewpoint - Lindsay (LNN) has experienced significant selling pressure, resulting in a 16.5% decline over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential rebound for the stock [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if LNN is oversold, with a current RSI reading of 16.94, suggesting that the stock may soon reverse its downward trend [2][5]. - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify potential price reversals, making it a useful tool for investors seeking entry points [3]. Group 2: Fundamental Analysis - Analysts have raised earnings estimates for LNN by 2.3% over the last 30 days, indicating a consensus among sell-side analysts that could lead to price appreciation [7]. - LNN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which further supports the potential for a turnaround in the near term [8].

Core Points - Lindsay Corporation has declared a regular quarterly cash dividend of $0.37 per share [1] - The dividend is payable on November 28, 2025, to shareholders of record as of November 14, 2025 [1] - As of October 21, 2025, Lindsay Corporation had approximately 10.8 million shares outstanding [1]

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Financial Performance - Operating revenues for fiscal 2025 were $676.4 million, an 11% increase from $607.1 million in the prior year[133]. - Net earnings for fiscal 2025 increased 12% to $74.1 million, or $6.78 per diluted share, compared to $66.3 million, or $6.01 per diluted share in the previous fiscal year[133]. - Gross profit for fiscal 2025 was $210.8 million, up 10% or $19.7 million from $191.1 million in fiscal 2024, with a gross margin of 31.2%[147]. - Operating expenses increased by 7% to $122.7 million in fiscal 2025, primarily due to higher sales commissions and incentive compensation[148]. - Other income increased significantly to $6.5 million in fiscal 2025, up from $2.4 million in fiscal 2024, due to higher interest income and reduced interest expense[149]. - The effective income tax rate rose to 21.7% in fiscal 2025 from 16.2% in fiscal 2024, influenced by higher earnings and a change in the mix of earnings across jurisdictions[150]. - Cash and cash equivalents increased to $250.6 million at August 31, 2025, compared to $190.9 million at August 31, 2024, reflecting strong operating cash flow[152]. Revenue Segments - Irrigation segment revenues rose 11% to $568.0 million, while infrastructure segment revenues increased 16% to $108.4 million[133]. - The irrigation segment generated revenues of $568.0 million, an increase of 11% or $54.1 million compared to the prior fiscal year, contributing 84% of total company revenue[143][145]. - International irrigation revenues rose by 39% to $294.2 million, driven by a large project in the MENA region and higher sales in Brazil[145]. Market and Economic Outlook - The USDA projects U.S. net farm income for 2025 to be $179.8 billion, a 41% increase from $127.8 billion in 2024[134]. - Agricultural commodity prices as of August 2025 show corn prices approximately 5% higher and soybean prices approximately 8% higher compared to August 2024[134]. - The enactment of the One Big Beautiful Bill Act is projected to increase agricultural-focused spending by approximately $65.6 billion over the next decade[135]. Strategic Initiatives - The Company continues to pursue strategic acquisitions to enhance growth opportunities and expand its irrigation and infrastructure capabilities[129]. - A multi-year supply agreement for a large irrigation project in the MENA region is valued at over $100 million, with deliveries continuing into fiscal 2026[137]. - The Company expects to benefit from $110 billion in federal funding for transportation projects under the Infrastructure Investment and Jobs Act, scheduled to run through September 2026[138]. Foreign Currency Risk - A majority of the Company's revenue from international operations is denominated in local currencies, reducing significant foreign currency transaction risk[165]. - The most significant foreign currency exposures include the Euro, Brazilian real, South African rand, Turkish lira, and Chinese renminbi against the U.S. dollar[165]. - A 10% adverse change in foreign exchange rates could potentially decrease operating income by approximately $3.5 million[165]. - To mitigate foreign currency exchange rate risks, the Company may use forward exchanges, option contracts, or cross currency swaps[166]. - As of August 31, 2025, the Company had a foreign currency forward contract to sell a notional amount of 143.5 million South African rand[166]. Capital Expenditures - Capital expenditures for fiscal 2026 are expected to range from $50 million to $55 million, focusing on equipment replacement and new product development[157]. Manufacturing Operations - The Company operates manufacturing facilities in the United States, Brazil, France, Italy, China, Türkiye, and South Africa[165].

Financial Data and Key Metrics Changes - Total revenues for Q4 2025 were $153.6 million, a decrease of 1% compared to Q4 2024. Net earnings for the quarter were $10.8 million or $0.99 per diluted share, down from $12.7 million or $1.17 per diluted share in the prior year [11] - For the full fiscal year, total revenues increased 11% to $676.4 million, net earnings increased 12% to $74.1 million, and earnings per share increased 13% to $6.78 [11] Business Line Data and Key Metrics Changes - Irrigation segment revenues for Q4 increased 3% to $129 million, while North America irrigation revenues decreased 19% to $50 million due to lower unit sales volume [11][12] - International irrigation revenues for Q4 increased 23% to $79 million, driven by higher sales volume in South America and project sales in the MENA region [12] - Infrastructure segment revenues for Q4 decreased 16% to $24.5 million, primarily due to lower Road Zipper System project sales [14] Market Data and Key Metrics Changes - North American irrigation revenues are expected to remain suppressed due to low commodity prices and weak crop returns, with a forecast of low to mid-single-digit volume declines in 2026 [20][28] - Internationally, Brazil shows stable demand for irrigation equipment, although high interest rates and credit constraints present challenges [4][49] Company Strategy and Development Direction - The company continues to focus on international irrigation projects, with a $100 million project in the MENA region and a $20 million project expected to be completed in Q1 2026 [4][5] - Innovation leadership is a strategic priority, with the introduction of new products like TowerWatch aimed at enhancing customer experience and operational efficiency [8][7] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for fiscal 2026, highlighting the importance of geographic diversification and the potential for growth in international markets despite challenges in North America [22][39] - The company anticipates that government support may provide a safety net but does not expect it to drive significant market activity [4][52] Other Important Information - The company reported total available liquidity of over $300 million at the end of Q4, including $250 million in cash and cash equivalents [16] - Share repurchases totaled $11.5 million for the year, reflecting the company's commitment to returning capital to shareholders [16] Q&A Session Summary Question: What catalysts are shaping the outlook for fiscal 2026? - Management noted that North American market conditions are challenging, with low farm income and weak customer sentiment indicators. However, international markets, particularly Brazil, show stability and potential for growth [20][22] Question: What margin levers are available for next year? - Management highlighted the importance of maintaining pricing discipline and the growth of recurring subscription revenue as key factors supporting margins [24][25] Question: Expectations for North America irrigation in 2026? - Management expects volume to be down low to mid-single digits in North America, with price increases partially offsetting this decline [28][29] Question: Outlook for international revenue and project business? - Management indicated potential for replacing lost project revenue with new projects, although timing remains uncertain [31][32] Question: Credit constraints in Brazil? - Management clarified that credit constraints relate to customers' access to financing rather than credit loss, impacting their willingness to invest [48][49] Question: Capital expenditures for 2026? - Management expects capital expenditures to increase to around $50 million due to expanded project scope [50] Question: Overall market conditions in Brazil? - Management described the Brazilian market as stable, with no significant downside risks anticipated, despite some credit challenges [60][61]

Fiscal Year 2025 Performance - Revenue increased by $69.3 million, or 11 percent, compared to the prior year[13] - Operating income increased by $11.5 million, or 15 percent, compared to the prior year[13] - Diluted earnings per share increased by $0.77 per share, or 13 percent, compared to the prior year[13] - Free cash flow generation reached 122 percent of net earnings[7] - International irrigation revenues exceeded North America irrigation revenues for the first time in Company history[7] Fourth Quarter Performance - Revenues decreased $1.4 million, or 1 percent, compared to the prior year[10] - Operating income decreased $2.2 million, or 16 percent, compared to the prior year[10] - Diluted earnings per share decreased $0.18 per share, or 15 percent, compared to the prior year[10] Irrigation Segment - North America revenue decreased 19 percent[18] - International revenue increased 23 percent due to higher unit sales volume in South America and Australia, and higher project sales in the MENA region[20] - Operating income increased 4 percent primarily from higher revenues and positive leverage of fixed operating expenses[19] Infrastructure Segment - Revenue decreased 16 percent to $24.5 million[27, 28] - Operating income decreased 37 percent to $3.5 million due to lower revenue and a less favorable margin mix with lower Road Zipper revenues[27, 29]

Core Insights - Lindsay (LNN) reported quarterly earnings of $0.99 per share, missing the Zacks Consensus Estimate of $1.04 per share, and down from $1.17 per share a year ago, representing an earnings surprise of -4.81% [1] - The company posted revenues of $153.56 million for the quarter ended August 2025, surpassing the Zacks Consensus Estimate by 1.60%, but down from $155 million year-over-year [2] - Lindsay has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates four times in the same period [2] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $1.67 on revenues of $168.83 million, and for the current fiscal year, it is $6.19 on revenues of $660.32 million [7] - The estimate revisions trend for Lindsay was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Manufacturing - Farm Equipment industry, to which Lindsay belongs, is currently in the bottom 3% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Another company in the same industry, Agco (AGCO), is expected to report quarterly earnings of $1.26 per share, reflecting a year-over-year change of +85.3%, with revenues anticipated to be $2.48 billion, down 4.5% from the previous year [9][10]