Lindsay (NYSE:LNN) Announces Earnings Results

Lindsay (NYSE:LNN) issued its earnings results on Thursday. The industrial products company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12, Zacks reports. The business had revenue of $161.57 million during the quarter, compared to analyst estimates of $147.56 million. Lindsay had a return on equity of 10.73% and a net margin of 8.79%. Lindsay’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS.

Here are the key takeaways from Lindsay’s conference call:

• Positive Sentiment: Fourth-quarter revenue rose 5% to $161.6 million and diluted EPS increased to $1.10 from $0.99, helped by an 11% increase in North American irrigation revenue and 13% infrastructure growth.
• Negative Sentiment: Full-year revenue fell 6% to $635.9 million and EPS declined 21% to $5.33, reflecting weaker irrigation volumes, higher input costs, and the non-repeat of a $20 million Road Zipper project.
• Negative Sentiment: Management does not expect a large MENA project to begin delivery in fiscal 2027, creating an approximately $70 million revenue gap; it expects smaller projects and other initiatives to replace at least half of that amount. Remaining MENA services revenue may take 12–24 months to recognize.
• Positive Sentiment: Lindsay expects $8 million in annualized net cost reductions from its restructuring, with savings beginning to benefit fiscal 2027 results. The company also agreed to acquire Brazilian irrigation-equipment maker Setorial, expanding its hose-reel offering and potential access to sugarcane and other Latin American markets.
• Positive Sentiment: Agricultural technology recurring revenue grew about 11% year over year, while infrastructure growth is expected to continue; the new Nebraska galvanizing operation is expected online before calendar year-end and could support both internal capacity and contract manufacturing revenue.

Lindsay Stock Down 2.5%

Lindsay stock opened at $109.19 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 20.96 and a beta of 0.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.04 and a current ratio of 2.93. Lindsay has a one year low of $97.27 and a one year high of $148.00. The stock has a fifty day moving average of $114.96 and a 200 day moving average of $113.72.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Stifel Nicolaus reduced their price target on shares of Lindsay from $121.00 to $119.00 and set a “hold” rating for the company in a research note on Friday. Zacks Research upgraded shares of Lindsay from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Finally, Weiss Ratings downgraded shares of Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. Three research analysts have rated the stock with a Hold rating. According to MarketBeat, Lindsay presently has an average rating of “Hold” and an average target price of $119.00.

Trending Headlines about Lindsay

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Fourth-quarter results exceeded expectations. Lindsay reported adjusted earnings of $1.10 per share, above the $0.98 consensus estimate, while revenue rose 5.2% year over year to $161.6 million versus expectations of $147.6 million. Operating income increased 39%. North American irrigation revenue grew 11%, and infrastructure revenue rose 13%. Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Brazilian acquisition expands Lindsay’s irrigation platform. The company agreed to acquire Setorial Irrigação, a Brazilian manufacturer of hose-reel irrigation systems. The deal should strengthen Lindsay’s presence in Brazil and broaden its global mechanized-irrigation portfolio. Management also expects approximately $8 million in net annualized cost reductions, supporting potential margin improvement. Closing remains subject to customary conditions. Lindsay expects $8M in net annualized cost reductions
• Neutral Sentiment: Management’s earnings call highlighted both growth plans and areas of weakness. Investors are weighing the strong quarterly performance against softer portions of the business and the execution risks associated with the acquisition and planned cost reductions. Lindsay Corp. Balances Earnings Weakness With Growth Plans
• Negative Sentiment: Stifel Nicolaus reduced its price target. The firm lowered its target from $121 to $119 and maintained a “hold” rating. The revised target still implies potential upside, but the cut signals limited analyst conviction following the results. Stifel Nicolaus stock recommendations

Lindsay Company Profile

Lindsay Corporation is a U.S.-based manufacturer of irrigation and infrastructure products. The company’s irrigation business provides center-pivot and lateral-move irrigation systems, water-management technologies, and related equipment used by agricultural producers to improve the application and conservation of water.

Lindsay’s irrigation portfolio includes Zimmatic irrigation systems and digital tools such as FieldNET, which helps growers monitor and manage irrigation operations remotely.