Lindsay Corp Q3 revenue beats on higher road safety products strength

Lindsay

02/07/2026 12:02

Overview
US irrigation and infrastructure maker's fiscal Q3 revenue fell 5% yr/yr, beating analyst expectations
Adjusted EPS declined 14% yr/yr as irrigation demand remained weak in North America and Brazil
Company completed $25.2 mln in share repurchases during the quarter

Outlook
Lindsay expects to recognize about $70 mln of MENA project revenue in fiscal 2026
Company anticipates continued growth in road safety products in infrastructure segment
Lindsay expects Brazil irrigation market to return to growth, but credit constraints may persist

Result Drivers
NORTH AMERICA IRRIGATION WEAKNESS - Co said North America irrigation revenues fell due to lower unit sales volume, persistent weakness in commodity markets, and high input costs affecting farmer sentiment
BRAZIL DEMAND SOFT - Co said Brazil irrigation revenues declined due to low profitability and limited credit availability
INFRASTRUCTURE GROWTH - Infrastructure revenues rose 8% yr/yr, driven by higher road safety product revenues

Company press release: ID:nBw59yNQVa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$160.80 mln
$157.80 mln (4 Analysts)
Q3 EPS
 
$1.53
 
Q3 Net Income
 
$15.80 mln
 
Q3 Operating Income
 
$18.50 mln
 
Q3 Operating Margin
 
11.50%
 

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 $124.00, about 2.4% above its July 1 closing price of $121.07
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

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(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.)