Lindsay beats Q3 operating profit estimates on strong sales of irrigation equipment

Lindsay

26/06/2025 11:58

Overview

Lindsay fiscal Q3 revenue rises 22%, beating analyst expectations, per LSEG data

Operating income for fiscal Q3 beats estimates, rising 19%, per LSEG data

International irrigation revenues increase 60%, driven by large project in MENA region

Outlook

Lindsay expects North America irrigation demand to remain tempered.

Company sees drought in Midwest as potential catalyst for sales.

Lindsay cites high interest rates as a challenge in Brazil.

Company optimistic about international irrigation projects addressing food security.

Result Drivers

MENA PROJECT - International irrigation revenues surged 60% due to large project in the MENA region, per CEO Randy Wood

NORTH AMERICA RESILIENCE - North America irrigation revenues increased slightly, showing resilience amid market uncertainty related to tariffs and grain export disruptions

INFRASTRUCTURE GROWTH - Infrastructure revenues rose 6% driven by higher sales of road safety products

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$169.50 mln
$157.90 mln (4 Analysts)
Q3 EPS
$1.78
Q3 Net Income
Beat
$19.50 mln
$15.40 mln (4 Analysts)
Q3 Operating Income
Beat
$23.80 mln
$18.60 mln (4 Analysts)
Q3 Operating Margin
14.0%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "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 Corp is $139.00, about 1.2% above its last closing price of $137.29

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nBw492BVna

(This story was created using Reuters automation and AI capabilities based on LSEG and company data. The headline and summary were reviewed by a Reuters journalist prior to publication.)