LINDSAY CORP (LNN) Form 10-K — Oct 22, 2026
Lindsay Corporation's fiscal 2026 revenue fell 6% to $635.9 million, with net earnings down 25% to $55.7 million ($5.33 diluted EPS versus $6.78 last year). Both segments declined: irrigation revenues dropped 5% to $541.5 million on lower MENA project sales and weaker North America and Brazil volumes, while infrastructure fell 13% to $94.4 million as a prior-year $20 million Road Zipper project did not repeat. Operating margin compressed from 13.0% to 10.5% on lower volumes, higher input costs, and fixed-cost deleverage, and the effective tax rate rose to 26.1% from 21.7%.
Key figures
- Eps
- 5.33
- Revenue
- 635900000
- Guidance
- Fiscal 2027 capital expenditures expected to be approximately $40 million; company expects cash dividends comparable to historical levels to continue
- Net Income
- 55653000
- Total Debt
- 115000000
- Revenue Yoy
- -6%
- Cash Position
- 189800000
- Shares Outstanding
- 10169930
- Order backlog
- $102.5M vs $110.7M prior year
- Dividends paid
- $15.4M ($1.49/share)
- Prior year eps
- 6.78
- Operating income
- 66925000
- Senior notes rate
- 3.82%
- Effective tax rate
- 26.1% vs 21.7% prior year
- Operating cash flow
- 74900000
- Prior year net income
- 74052000
- Senior notes maturity
- February 19, 2030
- Customer concentration
- one irrigation customer = 12% of consolidated revenues in fiscal 2026
- Irrigation revenue yoy
- -5%
- Operating margin fy2025
- 13.0%
- Operating margin fy2026
- 10.5%
- Share repurchases fy2026
- 80700000
- Infrastructure revenue yoy
- -13%
- Irrigation segment revenue
- 541500000
- Mena project contract value
- $80+ million multi-year supply agreement
- Infrastructure segment revenue
- 94400000
- Repurchase authority remaining
- $100.0M under new $150M November 2025 authorization
AI analysis
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