Lindsay NYSE: LNN reported lower fiscal third-quarter revenue and earnings as continued weakness in agricultural markets weighed on irrigation equipment demand, while its infrastructure segment posted year-over-year growth.
Lindsay beats Q3 earnings estimates, but revenues miss as irrigation weakness in North America and Brazil offset infrastructure growth.
LNN's Q3 call shows weak irrigation demand is still delaying recovery, even as cost cuts, tech bets and infrastructure growth support its outlook.
Lindsay (LNN) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.78 per share a year ago.
Lindsay Rosner, who runs multi-sector fixed income at Goldman Sachs Asset Management, went on CNBC this morning to translate
Neil Lindsay, Amazon's top health-care boss, will step down from his role on July 1. The company is tapping Dr. Roy Schoenberg, a cofounder of telemedicine provider Amwell, to replace Lindsay.
LNN Q2 earnings plunge 53% and revenues drop 7% y/y, hit by weak irrigation demand and a steep decline in infrastructure sales.
Lindsay Corporation remains a hold as recent Q2 earnings showed disappointing results and ongoing cyclical headwinds. LNN's revenue declined 16% year-over-year, with both Irrigation and Infrastructure segments experiencing lower sales volumes and a 59% drop in operating income. Despite trading below historical and sector P/E averages, LNN lacks near-term growth catalysts amid high-interest rates and geopolitical risks.
Lindsay Corporation (LNN) Q2 2026 Earnings Call Transcript
Lindsay (LNN) came out with quarterly earnings of $1.15 per share, missing the Zacks Consensus Estimate of $1.6 per share. This compares to earnings of $2.44 per share a year ago.
Lindsay Corporation remains rated Hold as revenue, profits, and backlog are expected to decline further in fiscal 2026. LNN's Infrastructure segment shows resilience, but Irrigation faces headwinds from weak North American and international demand and challenging farm economics. Valuation multiples for LNN are at the low end of fair value, with peers offering similar or better metrics, limiting upside.
LNN beats 1Q26 EPS estimates despite a 6% y/y revenue drop, as margin gains and Infrastructure growth help offset weak irrigation demand.