Lindsay (NYSE:LNN) Posts Quarterly Earnings Results, Misses Estimates By $0.45 EPS

Lindsay (NYSE:LNN) released its earnings results on Thursday. The industrial products company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.45), RTT News reports. Lindsay had a net margin of 11.02% and a return on equity of 14.01%. The firm had revenue of $157.72 million during the quarter, compared to analysts’ expectations of $163.52 million. During the same quarter in the previous year, the business earned $2.44 EPS. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year.

Here are the key takeaways from Lindsay’s conference call:

• Consolidated results weakened: Q2 revenue fell 16% YoY to $157.7M, operating income dropped to $13.0M (8.3% margin) and EPS was $1.16 versus $2.44 a year ago, driven largely by lower project and segment revenues.
• Irrigation demand remains soft in North America with unit volumes down (NA irrigation -8%), and margins compressed by fixed-cost deleverage, unfavorable regional mix and elevated input costs despite higher average selling prices.
• Infrastructure results reflect a lapping of a $20M Road Zipper delivery, but excluding that project revenues were up 6% with strength in road safety products and new launches (AlphaGuard, Road Runner) and a strong Road Zipper sales funnel.
• The large MENA irrigation project is currently on schedule with intact supply chains and meaningful revenue contribution, but management warned outcomes depend on the duration and geographic spread of the Middle East conflict.
• Balance sheet and capital allocation remain solid with $236.1M available liquidity (≈$186.1M cash), $25M of share repurchases in the quarter, the Nebraska tube mill now in production, and the galvanizing facility on track for early FY2027.

Lindsay Price Performance

Shares of NYSE:LNN opened at $102.94 on Friday. The business has a fifty day moving average price of $127.17 and a 200-day moving average price of $124.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.42 and a quick ratio of 2.43. The company has a market capitalization of $1.08 billion, a PE ratio of 15.25 and a beta of 0.82. Lindsay has a 1-year low of $102.87 and a 1-year high of $150.96.

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, February 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. Lindsay’s dividend payout ratio (DPR) is presently 21.93%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus boosted their target price on shares of Lindsay from $122.00 to $128.00 and gave the company a “hold” rating in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $128.00.

Key Stories Impacting Lindsay

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Lindsay declared a $0.37 per share dividend, which supports income-focused holders and can offset some downside from the quarter. Lindsay declares a $0.37 dividend
• Positive Sentiment: Deliveries began on an $80M irrigation & technology project in the MENA region and backlog growth from those projects was highlighted by management — a revenue pipeline positive for future quarters. Lindsay Corporation Reports Fiscal 2026 Second Quarter Results
• Neutral Sentiment: Management published the Q2 earnings presentation and full earnings call transcript — useful for investors assessing cadence of backlog conversion, margin outlook and capital allocation. Lindsay Corporation 2026 Q2 – Results – Earnings Call Presentation
• Neutral Sentiment: The earnings call transcript provides management commentary on navigating softer demand and strategic actions (product mix, cost control, road-safety momentum) — helps frame whether the revenue decline is cyclical or structural. Lindsay Corporation (LNN) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Q2 results missed consensus: EPS $1.15 vs. $1.60 expected and revenue $157.72M vs. $163.52M expected — revenue fell ~15–16% year-over-year and operating margins compressed, which drove near-term share weakness. Lindsay stock falls over 3% on second quarter earnings and revenue miss
• Negative Sentiment: Analyst/investor commentary notes softer demand and an expected revenue decline that could alter Lindsay’s investment narrative unless backlog converts and margins stabilize. Watch upcoming guidance and cadence of project deliveries. Will Expected Revenue Decline and Softer Demand Change Lindsay’s (LNN) Investment Narrative?

Institutional Trading of Lindsay

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new position in Lindsay in the fourth quarter worth about $13,994,000. Amundi increased its position in shares of Lindsay by 39.4% during the fourth quarter. Amundi now owns 269,817 shares of the industrial products company’s stock valued at $31,843,000 after acquiring an additional 76,292 shares in the last quarter. Invesco Ltd. increased its position in shares of Lindsay by 32.6% during the third quarter. Invesco Ltd. now owns 205,985 shares of the industrial products company’s stock valued at $28,953,000 after acquiring an additional 50,671 shares in the last quarter. Marshall Wace LLP purchased a new position in Lindsay in the 2nd quarter worth approximately $6,670,000. Finally, Balyasny Asset Management L.P. boosted its stake in Lindsay by 2,045.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 32,745 shares of the industrial products company’s stock valued at $3,860,000 after purchasing an additional 31,219 shares during the last quarter. 89.94% of the stock is currently owned by institutional investors.

Lindsay Company Profile

Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations.

Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management.