Lindsay falls to lowest in over 5 years after Q2 revenue miss

Lindsay

02/04/2026 15:12

Updates

** Irrigation and infrastructure company Lindsay Corp LNN.N shares dip 5.2% to $111.08; shares hit lowest since November 2020

** The firm reported Q2 revenue of $157.70 mln, below consensus of $171.39 mln according to data compiled by LSEG

** "U.S. market conditions continue to put pressure on commodity prices and constrain demand for irrigation equipment," says LNN President and CEO Randy Wood

** Credit availability constraints, persistent high interest rates in Brazil led to lower orders, company says

** Adds that infrastructure revenue fell as a large Road Zipper System project from the prior year did not repeat

** Including session's moves, stock down 5.5% YTD

 (Reporting by Ragini Mathur in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com;))