Filing Flows › Lindsay (LNN) › Q3 FY25
Lindsay (LNN) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jun 26, 2025
Lindsay (LNN) reported revenue of $169M for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and -9% from the quarter before. Operating margin was 14.0%, net earnings $19.5M (11.5% of revenue).
Lindsay, Q3 FY25: revenue $169M (+22% year over year), operating margin 14.0%, net earnings $19.5M, operating cash flow $35.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $169M | -9% | +22% |
| Gross profit | $53.6M | -14% | +15% |
| Operating profit | $23.8M | -26% | +19% |
| Net earnings | $19.5M | -27% | -4% |
| Operating cash flow | $35.0M | +185% | +15% |
| Free cash flow | $25.7M | +926% | -0.4% |
What changed
Revenue was $169.5M in Q3 FY25, up 22% year over year and down 9% from the previous quarter. Irrigation was the largest line at 85% of revenue. Irrigation added $28.9M year over year (up 25%), 96% of the total change.
Gross margin was 31.6%, down 1.8 points from a year earlier. Operating profit was $23.8M, a 14.0% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, below the 14% margin then. Operating expenses grew 12% against revenue growth of 22%. The fastest-growing cost line was General & admin (+17%). Net earnings were $19.5M, down 4% year over year. The effective tax rate was 24.2%.
Operating cash flow was $35.0M (up 15% year over year), 179% of net earnings. Non-cash charges added back $5.1M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $8.4M. Capital expenditures of $9.3M left free cash flow of $25.7M.
Questions
What was Lindsay's revenue in the third quarter fiscal 2025?
Lindsay (LNN) reported revenue of $169M for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and -9% from the quarter before.
Was Lindsay profitable in the third quarter fiscal 2025?
Operating profit was $23.8M (14.0% of revenue) and net earnings $19.5M.
Source: Lindsay 10-Q on SEC EDGAR.