Quarterly ResultJul 2, 2026, 04:16 PM
Lindsay Q3 Revenue $160.8M, EPS $1.53; Net Earnings Down 19%
AI Summary
Lindsay Corporation reported a decline in its third-quarter and nine-month financial results for fiscal year 2026. For the three months ended May 31, 2026, operating revenues fell 5.1% to $160.8 million, with net earnings decreasing 18.9% to $15.8 million and diluted EPS dropping 14.0% to $1.53. The company also disclosed ongoing legal proceedings related to its X-Lite end terminal, including new lawsuits filed in Tennessee and California, and an estimated $10.6 million for environmental remediation.
Key Highlights
- Q3 2026 Operating Revenues decreased 5.1% to $160.8 million.
- Q3 2026 Net Earnings decreased 18.9% to $15.8 million.
- Q3 2026 Diluted EPS decreased 14.0% to $1.53.
- Nine-month Operating Revenues decreased 9.3% to $474.3 million.
- Nine-month Net Earnings decreased 29.8% to $44.4 million.
- Nine-month Diluted EPS decreased 27.2% to $4.22.
- Repurchased $80.7 million of common stock in nine months.
- Ongoing X-Lite product liability lawsuits, including new state cases.
Price Impact