Irrigation equipment maker Lindsay's Q4 revenue rises 5%, beats estimates

Lindsay

22/10/2026 12:07

Overview
US irrigation equipment maker's Q4 revenue rose 5%, beating analyst expectations
Q4 EPS increased 11% to $1.10; operating income up 39% on higher revenue, lower costs
Company implemented global restructuring to reduce workforce and align costs with demand

Outlook
Company expects North America irrigation demand to remain tempered until commodity prices and farm income improve
Company anticipates difficult year-over-year comparisons in international irrigation project markets in fiscal 2027
Company sees sustained growth in road safety products and Road Zipper System leasing comparable to fiscal 2026

Result Drivers
NORTH AMERICA IRRIGATION - Q4 revenue and unit volume increased, supported by stronger commodity prices and improving farmer sentiment, per CEO Randy Wood
ROAD SAFETY PRODUCTS - Infrastructure segment revenue growth in Q4 was primarily driven by higher sales of road safety products
COST ALIGNMENT - Company implemented global restructuring to reduce workforce and align cost structure with current market demand, expected to generate $8 mln in annualized savings

Company press release: ID:nBw7xWh16a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$161.6 mln
$147.56 mln (4 Analysts)
Q4 EPS
 
$1.10
 
Q4 Net Income
 
$11.3 mln
 
Q4 Operating Income
 
$15.8 mln
 
Q4 Operating Margin
 
9.8%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."
Wall Street's median 12-month price target for Lindsay Corporation is $121.00, about 13.5% above its October 21 closing price of $106.59
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)