Lindsay (NYSE:LNN) Posts Earnings Results, Misses Expectations By $0.45 EPS

Lindsay (NYSE:LNN) released its quarterly earnings results on Thursday. The industrial products company reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.45), RTT News reports. Lindsay had a return on equity of 11.28% and a net margin of 9.25%.The firm had revenue of $157.72 million for the quarter, compared to analyst estimates of $163.52 million. The company’s revenue was down 15.7% compared to the same quarter last year. During the same period last year, the company earned $2.44 EPS.

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

• Consolidated results weakened: Q2 revenue fell 16% YoY to $157.7M, operating income dropped to $13.0M (8.3% margin) and EPS was $1.16 versus $2.44 a year ago, driven largely by lower project and segment revenues.
• Irrigation demand remains soft in North America with unit volumes down (NA irrigation -8%), and margins compressed by fixed-cost deleverage, unfavorable regional mix and elevated input costs despite higher average selling prices.
• Infrastructure results reflect a lapping of a $20M Road Zipper delivery, but excluding that project revenues were up 6% with strength in road safety products and new launches (AlphaGuard, Road Runner) and a strong Road Zipper sales funnel.
• The large MENA irrigation project is currently on schedule with intact supply chains and meaningful revenue contribution, but management warned outcomes depend on the duration and geographic spread of the Middle East conflict.
• Balance sheet and capital allocation remain solid with $236.1M available liquidity (≈$186.1M cash), $25M of share repurchases in the quarter, the Nebraska tube mill now in production, and the galvanizing facility on track for early FY2027.

Lindsay Stock Performance

Lindsay stock opened at $102.94 on Friday. The business’s 50-day moving average price is $126.73 and its two-hundred day moving average price is $124.39. Lindsay has a 12-month low of $102.87 and a 12-month high of $150.96. The company has a quick ratio of 2.43, a current ratio of 3.02 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.08 billion, a PE ratio of 18.85 and a beta of 0.82.

Lindsay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. Lindsay’s dividend payout ratio is 21.93%.

Key Lindsay News

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Board declared a $0.37 per-share cash dividend, which supports income-focused holders and signals confidence in cash flow. Read More.
• Positive Sentiment: Delivery began on an $80.0 million irrigation and technology project in the MENA region — this large backlog contract provides near-term revenue visibility as other markets soften. Read More.
• Positive Sentiment: Road-safety products (Infrastru) continue to grow, offering a diversification tailwind outside irrigation. Read More.
• Neutral Sentiment: Company provided slides and an earnings call transcript for deeper detail — useful for investors modeling segment trends and backlog conversion timing. Read More. and Read More.
• Negative Sentiment: Q2 EPS of $1.15 missed consensus by ~$0.45 and fell sharply year-over-year (prior-year $2.44), signaling material earnings deterioration. Read More.
• Negative Sentiment: Revenue declined ~16% year-over-year to ~$157.7M, missing estimates and reflecting softer irrigation demand; operating margins compressed. These trends pressured the stock and raise near-term growth concerns. Read More.
• Negative Sentiment: Market reaction included a multi-percent intraday drop on the miss and elevated volume versus average, reflecting investor disappointment and increased short-term volatility risk. Read More.

Hedge Funds Weigh In On Lindsay

Several large investors have recently bought and sold shares of LNN. Aster Capital Management DIFC Ltd bought a new position in shares of Lindsay during the fourth quarter valued at $25,000. Advisory Services Network LLC bought a new stake in shares of Lindsay in the third quarter worth $30,000. Kestra Advisory Services LLC acquired a new stake in Lindsay in the fourth quarter valued at $83,000. Russell Investments Group Ltd. increased its holdings in Lindsay by 2,226.8% in the third quarter. Russell Investments Group Ltd. now owns 954 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 913 shares during the period. Finally, State of Wyoming raised its position in Lindsay by 196.4% during the 2nd quarter. State of Wyoming now owns 1,227 shares of the industrial products company’s stock worth $177,000 after purchasing an additional 813 shares during the last quarter. 89.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price objective on shares of Lindsay from $122.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $128.00.

About Lindsay

Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations.

Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management.