Lindsay (NYSE:LNN) Announces Earnings Results

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

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 traded down $6.37 during mid-day trading on Friday, hitting $105.62. The stock had a trading volume of 266,133 shares, compared to its average volume of 159,662. The company has a current ratio of 3.15, a quick ratio of 2.04 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $114.77 and a 200-day simple moving average of $113.66. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. Lindsay has a 52 week low of $97.27 and a 52 week high of $148.00.

Lindsay Announces Dividend

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

Wall Street Analyst Weigh In

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

Key Headlines Impacting Lindsay

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Fourth-quarter results exceeded expectations. Lindsay reported fiscal Q4 EPS of $1.10, 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%, supported by higher North American irrigation and infrastructure sales. Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Brazilian acquisition expands Lindsay’s irrigation footprint. The company agreed to acquire Setorial Irrigação, a Brazilian hose-reel irrigation manufacturer. Management expects the deal to strengthen its position in Brazil and generate approximately $8 million in net annualized cost reductions, although closing remains subject to customary conditions. Lindsay Announces Agreement to Acquire Setorial Irrigação
• Positive Sentiment: Dividend maintained. Lindsay declared a quarterly dividend of $0.38 per share, equivalent to $1.52 annually and a yield of approximately 1.4%. Investors must own shares before the November 16 ex-dividend date to qualify.
• Neutral Sentiment: The company adopted its fiscal 2027 management incentive plan, aligning executive compensation with future operating goals but providing limited immediate financial impact. Lindsay 2027 Management Incentive Plan
• Negative Sentiment: Analyst caution is weighing on sentiment. Stifel Nicolaus lowered its price target from $121 to $119 and retained a “hold” rating, signaling limited conviction in near-term upside despite the earnings beat.
• Negative Sentiment: Investor reaction also reflects concerns discussed around earnings-season weakness and the need for the planned cost savings, international growth and acquisition synergies to translate into sustained profit improvement.

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.