Lindsay beats Q3 operating profit estimates, shares hit over 2-year high (updated)

Lindsay

26/06/2025 15:40

Adds share movement in headline and overview section

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

Shares rise over 5% to $145, highest in more than 2 years

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.)