Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2026 Results
Lindsay Corporation reported Q4 FY2026 revenue of $161.6 million, up 5% year-over-year, with diluted EPS of $1.10 up 11% and operating income up 39% to $15.8 million. Full-year FY2026 was weaker: revenue fell 6% to $635.9 million and net earnings dropped 25% to $55.7 million, reflecting lower NA irrigation volumes, a non-repeating $20 million Road Zipper project, and Brazil credit constraints. Q4 saw NA irrigation revenue up 11% on stronger farmer sentiment, and infrastructure revenue up 13% with a third straight quarter of road safety growth; a June restructuring is expected to save roughly $8 million annually.
Key figures
- Eps
- 5.33
- Revenue
- 635863000
- Guidance
- No formal FY27 guidance; NA irrigation demand expected tempered until commodity prices/farm income improve, Brazil constrained by high rates and credit limits
- Revenue Yoy
- -6%
- Backlog
- 102500000
- Q4 eps yoy
- 11%
- Q4 revenue
- 161566000
- Fy buybacks
- 80700000
- Fy dividends
- 15400000
- Q4 diluted eps
- 1.1
- Q4 revenue yoy
- 5%
- Fy net earnings
- 55653000
- Prior year backlog
- 110700000
- Fy net earnings yoy
- -25%
- Fy operating income
- 66925000
- Q4 operating income
- 15793000
- Restructuring savings
- $8.0 million of net annualized savings
- Mena project delivered
- $70 million of $80 million
- Fy operating income yoy
- -24%
- Q4 operating income yoy
- 39%
- Remaining buyback authorization
- 100000000
AI analysis
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