Lindsay misses Q1 revenue estimates, expects demand to remain soft

Lindsay

08/01/2026 11:55

Overview

Irrigation equipment maker's Q1 revenue fell 6%, missing analyst expectations

Net earnings for Q1 decreased 4% yr/yr

Company completed $30 mln share repurchases during the quarter

Outlook

Lindsay expects $70 mln revenue from MENA irrigation project this fiscal year

Company anticipates North America irrigation market conditions to remain soft

Lindsay foresees growth in Brazil despite credit constraints

Result Drivers

IRRIGATION MARGINS - Improved margins in irrigation segment due to price management and operational efficiencies despite lower revenues

INFRASTRUCTURE GROWTH - Infrastructure segment revenues increased 17% driven by higher sales of road safety products

MENA PROJECT - Secured $80 million irrigation and technology project in MENA region post-quarter, expected to support future revenues

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$155.80 mln
$166.81 mln (4 Analysts)
Q1 EPS
$1.54
Q1 Net Income
$16.50 mln
Q1 Operating Income
$19.60 mln
Q1 Operating Margin
12.60%


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 $131.00, about 10.5% above its January 7 closing price of $118.54

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nBwV1gKha

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