Quarterly ResultJul 2, 2026, 06:51 AM
Lindsay Q3 Revenue Down 5% to $160.8M; EPS $1.53, Down 14%
AI Summary
Lindsay Corporation reported a 5% decrease in Q3 fiscal 2026 revenues to $160.8 million, with diluted EPS falling 14% to $1.53. Net earnings were $15.8 million, down 19% year-over-year. The decline was primarily driven by a 7% decrease in irrigation revenues due to soft markets in North America and Brazil, partially offset by an 8% increase in infrastructure revenues. The company also completed $25.2 million in share repurchases during the quarter.
Key Highlights
- Q3 total revenues decreased 5% to $160.8 million.
- Diluted earnings per share fell 14% to $1.53.
- Net earnings were $15.8 million, a 19% decrease.
- Irrigation revenues decreased 7% to $133.0 million due to challenging market conditions.
- Infrastructure revenues increased 8% to $27.7 million, driven by road safety products.
- Completed $25.2 million in share repurchases during the quarter, totaling $80.7 million for the fiscal year.
- Backlog of unfulfilled orders increased to $136.1 million at May 31, 2026.
Price Impact