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

Lindsay (NYSE:LNN) announced its quarterly earnings results on Thursday. The industrial products company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.98 by $0.12, Zacks reports. The business had revenue of $161.57 million for 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%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $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 Up 5.6%

NYSE:LNN opened at $112.58 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.93 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $114.96 and its two-hundred day moving average is $113.72. Lindsay has a 52 week low of $97.27 and a 52 week high of $148.00. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.61 and a beta of 0.69.

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, compared with the $0.98 analyst consensus, while revenue rose 5.2% year over year to $161.6 million versus expectations of $147.6 million. Operating income increased 39%, indicating meaningful earnings growth and operating leverage. Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Core business trends were favorable. North American irrigation revenue increased 11%, while infrastructure revenue grew 13%, marking a third consecutive quarter of infrastructure growth. International irrigation revenue was comparable with the prior year, providing stability despite a mixed global market. Lindsay Q4 operating income rises 39%
• Positive Sentiment: Brazil expansion adds a potential growth catalyst. Lindsay agreed to acquire Setorial Irrigação, a Brazilian manufacturer of hose-reel irrigation systems. The transaction is intended to broaden Lindsay’s presence in Brazil and strengthen its position in the global mechanized irrigation market. Management also expects approximately $8 million in net annualized cost reductions, which could support future margins and earnings. Closing remains subject to customary conditions. Lindsay Announces Agreement to Acquire Setorial Irrigação
• Neutral Sentiment: Lindsay adopted its fiscal 2027 management incentive plan. The announcement is routine and is unlikely to materially affect the stock without additional information about targets or performance requirements. Lindsay Adopts 2027 Executive Incentive Compensation Plan

Wall Street Analyst Weigh In

LNN has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $121.00 price objective on Lindsay in a research report on Thursday, September 24th. Zacks Research raised shares of Lindsay from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 30th. Finally, Weiss Ratings cut shares of Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Lindsay currently has an average rating of “Hold” and an average target price of $121.00.

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.