The firm recorded earnings of $1.53 per share, which fell short of the previous year’s performance but exceeded analyst expectations of $1.21 per share.
Quarterly sales reached $160.76 million, surpassing Wall Street estimates of $157.80 million. Infrastructure revenues increased by 8 percent, while irrigation revenues decreased by 7 percent due to challenging market conditions in North America and Brazil.
Operating income for the third quarter of fiscal 2026 was $18.5 million, marking a decrease of $5.3 million compared to $23.8 million a year earlier. The operating margin was 11.5 percent of sales, down from 14.0 percent in the prior year.
Randy Wood, President and Chief Executive Officer, stated, “Deliveries for the large irrigation project in the Middle East North Africa (MENA) region remain on schedule despite continued geopolitical challenges. In North America, demand for irrigation equipment remains tempered as margin pressure from high input costs continues to impact customer sentiment.”
