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MarketBeat
Thu, April 2, 2026 astatine 11:04 AM CDT 7 min read
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Q2 gross fell 16% to $157.7 cardinal with operating income down to $13.0 cardinal and EPS of $1.16 (versus $2.44 a twelvemonth ago), arsenic margins were squeezed by little volumes and higher costs.
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Irrigation request is brushed successful North America (lower portion income offset partially by higher mean selling prices) portion planetary results were deed by MENA task timing and Brazil financing constraints; absorption says the ample MENA task is being built successful Turkey and is presently connected way but could beryllium delayed if the determination struggle is prolonged.
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Infrastructure gross plunged owed to the lack of a prior-year ~$20 cardinal Road Zipper task (excluding that, gross grew ~6%), and Lindsay ended the 4th with astir $236.1 million liquidity portion continuing $25 cardinal of stock repurchases and investments successful Nebraska facilities expected to commencement producing successful aboriginal 2027.
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Lindsay (NYSE:LNN) executives said request for irrigation instrumentality remained brushed successful North America during the company’s fiscal 2nd 4th of 2026, portion planetary results were tempered by task timing successful the Middle East and North Africa (MENA) and continued financing constraints successful Brazil. The institution besides reported a crisp year-over-year diminution successful Infrastructure conception gross owed to the lack of a ample Road Zipper task that benefited the prior-year period.
President and CEO Randy Wood opened the telephone by addressing “recent developments related to the struggle successful the Middle East,” noting the institution is “closely monitoring the situation” with worker and spouse information arsenic its apical priority.
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Wood said the MENA marketplace has been “a beardown root of growth” for planetary irrigation and that deliveries tied to the company’s astir caller task are “meaningful” to revenue. He added that the task “remains connected schedule” and that proviso chains were “currently operating without disruption,” portion cautioning that aboriginal hazard depends connected the duration of the struggle and whether it broadens geographically.
In effect to expert questions, Wood said the existent MENA task is being manufactured successful Turkey and that the institution has confirmed with logistics providers and suppliers that the task remains connected way “provided this is not a prolonged… conflict.” He added that if the struggle lasts “months oregon respective quarters,” the company’s outlook could change. Wood besides said determination “could beryllium short-term delays” successful different determination concern arsenic customers instrumentality a “wait and see” stance.
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