Lindsay (NYSE:LNN) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Lindsay (NYSE:LNN) issued its quarterly earnings results on Thursday. The industrial products company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12, Zacks reports. Lindsay had a net margin of 8.75% and a return on equity of 10.96%. The firm had revenue of $161.57 million during the quarter, compared to the consensus estimate of $147.56 million. During the same period in the prior year, the firm earned $0.99 EPS. The business’s revenue was up 5.2% on a year-over-year basis.

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 Performance

NYSE LNN opened at $105.88 on Tuesday. The stock has a market cap of $1.08 billion, a P/E ratio of 19.90 and a beta of 0.69. The company’s 50-day simple moving average is $114.41 and its 200 day simple moving average is $117.39. Lindsay has a twelve month low of $97.27 and a twelve month high of $148.00. The company has a quick ratio of 2.25, a current ratio of 3.15 and a debt-to-equity ratio of 0.23.

Lindsay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.38 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.4%. Lindsay’s dividend payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

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

About Lindsay

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.