Lindsay (NYSE:LNN) Announces Quarterly Earnings Results

Lindsay (NYSE:LNN) issued its quarterly earnings results on Thursday. The industrial products company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.39, RTT News reports. Lindsay had a return on equity of 11.28% and a net margin of 9.25%.The company had revenue of $160.76 million during the quarter, compared to the consensus estimate of $157.80 million. During the same period in the previous year, the firm posted $1.78 EPS. Lindsay’s revenue was down 5.2% on a year-over-year basis.

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

• Q3 revenue fell 5% to $160.8 million, as continued softness in irrigation more than offset growth in infrastructure. Operating income also declined to $18.5 million, with irrigation volumes pressured by weak farmer economics.
• North American irrigation demand remains weak and management does not expect a meaningful near-term recovery until farm profitability improves and trade uncertainty eases. The company said customers continue to delay large capital purchases.
• Infrastructure is still growing, with segment revenue up 8% year over year on stronger road safety sales, marking the third straight quarter of growth. Management also said the Road Zipper pipeline remains strong and a new road safety product launch is generating market interest.
• Brazil demand may improve, but financing remains a constraint. Lower crop-plan borrowing rates to 11.5% should help irrigation affordability, but reduced FINAME funding means credit availability could still limit the pace of recovery in the near term.
• Technology and operational investments are starting to pay off. The company highlighted adoption of FieldNET and FieldWise, AI-enabled irrigation scheduling, and predictive maintenance tools, while its new Nebraska tube mill is fully commissioned and the galvanizing facility is on track for early 2027.

Lindsay Stock Performance

Shares of LNN stock opened at $120.69 on Friday. The company’s fifty day simple moving average is $113.23 and its 200-day simple moving average is $119.41. Lindsay has a 52 week low of $97.27 and a 52 week high of $149.16. The company has a current ratio of 3.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.26 billion, a PE ratio of 22.11 and a beta of 0.69.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings downgraded Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. Zacks Research upgraded Lindsay from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Stifel Nicolaus lowered their price target on Lindsay from $128.00 to $113.00 and set a “hold” rating for the company in a report on Monday, April 6th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Lindsay has an average rating of “Hold” and a consensus price target of $113.00.

Key Headlines Impacting Lindsay

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Lindsay beat expectations in Q3, reporting EPS of $1.53 versus estimates around $1.14 to $1.41, while revenue of $160.76 million also topped consensus. Lindsay Corporation Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Infrastructure revenue rose 8%, supported by continued growth in road safety products, and management said the Middle East/North Africa irrigation project remains on schedule. Lindsay Corporation Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Earnings calls and transcript coverage highlighted a balance of “strain and strength,” suggesting investors are weighing the company’s improving infrastructure business against broader operational headwinds. Lindsay Corp. Earnings Call Balances Strain and Strength
• Negative Sentiment: Revenue still declined 5.2% year over year, and multiple previews noted sales below analyst estimates, which may be limiting enthusiasm despite the earnings beat. Lindsay reports sales below analyst estimates in Q2 CY2026 earnings

Institutional Trading of Lindsay

Several large investors have recently added to or reduced their stakes in LNN. AQR Capital Management LLC boosted its stake in shares of Lindsay by 13.9% in the first quarter. AQR Capital Management LLC now owns 8,043 shares of the industrial products company’s stock valued at $1,018,000 after purchasing an additional 984 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Lindsay by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,455 shares of the industrial products company’s stock valued at $817,000 after acquiring an additional 289 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Lindsay by 13.4% during the first quarter. Goldman Sachs Group Inc. now owns 48,560 shares of the industrial products company’s stock worth $6,144,000 after acquiring an additional 5,749 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Lindsay by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,056 shares of the industrial products company’s stock worth $4,941,000 after acquiring an additional 2,811 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Lindsay by 134.4% in the first quarter. Jane Street Group LLC now owns 38,720 shares of the industrial products company’s stock worth $4,899,000 after acquiring an additional 22,204 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay Company Profile

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.