Lindsay reports Q3 revenue decline to $160.8 million

• Lindsay (NYSE:LNN) reported Q3 fiscal 2026 revenue of $160.8 million, down 5% year over year.
• Net earnings fell to $15.8 million, or $1.53 per diluted share, from $19.5 million a year earlier.
• Share repurchases totaled $25.2 million in the quarter, bringing fiscal-year buybacks to $80.7 million.

Lindsay (NYSE:LNN) reported third-quarter fiscal 2026 revenue of $160.8 million, a 5% decline from $169.5 million in the same period last year.

The company said irrigation revenue declined due to weaker market conditions in North America and Brazil, while infrastructure revenue increased 8% driven by road safety product demand.

Operating income fell to $18.5 million, down 22% from $23.8 million a year earlier, while operating margin declined to 11.5% from 14%.

Net earnings totaled $15.8 million, or $1.53 per diluted share, compared with $19.5 million, or $1.78 per share, in the prior year period.

The company said international irrigation projects in the Middle East and North Africa remain on schedule despite weaker regional demand trends.

Lindsay also reported $25.2 million in share repurchases during the quarter, bringing total fiscal-year buybacks to $80.7 million.