Lindsay(US:LNN)2025-10-23 10:45Revenue Performance - Fourth quarter total revenues were $153.6 million, a decrease of $1.4 million or 1% compared to $155.0 million in the prior year[4] - Full-year total revenues reached $676.4 million, an increase of $69.3 million or 11% compared to $607.1 million in the prior year[13] - Operating revenues for the three months ended August 31, 2025, were $153,559,000, a slight decrease of 0.9% compared to $154,998,000 in the same period of 2024[26] Earnings and Profitability - Operating income for the fourth quarter was $11.3 million, down $2.2 million or 16% from $13.5 million in the prior year, with an operating margin of 7.4%[5] - Net earnings for the fourth quarter were $10.8 million, a decrease of $1.9 million or 15% compared to $12.7 million in the prior year, resulting in diluted earnings per share of $0.99[7] - Full-year net earnings were $74.1 million, an increase of $7.8 million or 12% compared to $66.3 million in the prior year, with diluted earnings per share of $6.78[15] - Net earnings for the year ended August 31, 2025, were $74,052,000, representing a 11.5% increase from $66,257,000 in 2024[31] - Basic earnings per share for the year ended August 31, 2025, was $6.82, compared to $6.04 in 2024, reflecting a 12.9% increase[26] Segment Performance - International irrigation revenues increased by 23% to $79.0 million, driven by growth in South America, the MENA region, and Australia[9] - North America irrigation revenues decreased by 19% to $50.0 million, primarily due to lower storm damage replacement demand[8] - The irrigation segment's operating income for the year ended August 31, 2025, was $96,963,000, up 10.7% from $87,547,000 in 2024[26] Cash and Assets - Cash and cash equivalents increased to $250,575,000 as of August 31, 2025, up 31.3% from $190,879,000 in 2024[29] - Total assets as of August 31, 2025, were $840,836,000, an increase of 10.6% from $760,232,000 in 2024[29] - The company reported a net cash provided by operating activities of $132,910,000 for the year ended August 31, 2025, compared to $95,761,000 in 2024, marking a 38.8% increase[31] Future Outlook - The backlog of unfilled orders as of August 31, 2025, was $110.7 million, down from $180.9 million on August 31, 2024[16] - The company expects continued stable growth in the infrastructure business, particularly in Road Zipper System leasing and road safety products[17] - Demand for irrigation equipment in North America is expected to remain tempered until commodity prices and farm income improve[17] Dividends - Cash dividends declared per share increased to $1.45 for the year ended August 31, 2025, compared to $1.41 in 2024[26]