Lindsay (NYSE:LNN) Issues Quarterly Earnings Results

Posted by Brenda Bartman on Jul 4th, 2026

Lindsay (NYSE:LNN – Get Free Report) released 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. The company had revenue of $160.76 million for the quarter, compared to analyst estimates of $157.80 million. Lindsay had a return on equity of 10.73% and a net margin of 8.79%.Lindsay’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS.

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 opened at $120.69 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.93 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.26 billion, a PE ratio of 23.17 and a beta of 0.69. The company has a 50-day simple moving average of $113.48 and a 200-day simple moving average of $119.42. Lindsay has a 52-week low of $97.27 and a 52-week high of $149.16.

Wall Street Analysts Forecast Growth

LNN has been the topic of a number of research reports. Stifel Nicolaus cut their price objective on Lindsay from $128.00 to $113.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Weiss Ratings cut shares of Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Finally, Zacks Research upgraded Lindsay from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Lindsay currently has an average rating of “Hold” and a consensus target price of $113.00.

Read Our Latest Analysis on Lindsay

Institutional Trading of Lindsay

Hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in Lindsay in the fourth quarter valued at $25,000. Advisory Services Network LLC acquired a new position in shares of Lindsay in the 3rd quarter valued at approximately $30,000. Kestra Advisory Services LLC acquired a new stake in shares of Lindsay during the 4th quarter valued at approximately $83,000. Russell Investments Group Ltd. boosted 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 worth $134,000 after purchasing an additional 913 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Lindsay by 196.4% in the 2nd quarter. State of Wyoming now owns 1,227 shares of the industrial products company’s stock valued at $177,000 after buying an additional 813 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s stock.

Key Lindsay News

Here are the key news stories impacting Lindsay this week:

Positive Sentiment: Lindsay beat earnings expectations, reporting $1.53 per share versus consensus around $1.14 to $1.41, and revenue of $160.8 million also came in slightly ahead of estimates. Lindsay Corporation Reports Fiscal 2026 Third Quarter Results
Positive Sentiment: Infrastructure sales increased 8%, helped by continued growth in road safety products, and management said a Middle East/North Africa irrigation project remains on schedule. Lindsay Corporation Reports Fiscal 2026 Third Quarter Results
Neutral Sentiment: Several post-earnings commentaries described the quarter as solid but noted investors are looking for clearer growth catalysts going forward. Lindsay: Survived Through Q3 But No Growth Catalysts
Negative Sentiment: Despite the earnings beat, revenue was still down 5.2% year over year and EPS declined from last year’s $1.78, underscoring ongoing demand pressure. Lindsay earnings report and conference call transcript
Negative Sentiment: Analysts and commentary around the call highlighted limited near-term growth visibility, which may be weighing on the stock even after the earnings beat. Lindsay Corp. Earnings Call Balances Strain and Strength

Lindsay Company Profile

(Get Free Report)

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.