Lindsay Beats Q3 Estimates: Revenue $160.8M, EPS $1.53
LNN sits 25% above its 52-week low of $97.27.
Summary
Lindsay Corp reported Q3 FY2026 revenue of $160.8 million and diluted EPS of $1.53, significantly surpassing analyst estimates of $157.8 million revenue and $1.14 EPS. This positive earnings surprise follows a challenging Q2 and comes despite a year-over-year decline in both top and bottom lines. The company also completed $25.2 million in share repurchases during the quarter, bringing the fiscal year total to $80.7 million. Growth in the infrastructure segment and an increased backlog, driven by a large MENA project, offer some positive signs amidst softer irrigation demand.
At the time of this announcement, LNN was trading at $121.58 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $97.27 to $149.56. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.