EarningsQ3 2026 Earnings Report

Lindsay (LNN) Q3 2026 Earnings Report

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Previous Report: Q2 2026

MX:LNN Q3 2026 EPS Results

Actual EPS$28.17

Consensus EPS$21.07

Beat/MissBeat by +$7.11

One Year Ago EPS$32.78

MX:LNN Q3 2026 Revenue Results

Actual Revenue$2.96B

Expected Revenue$2.91B

Beat/MissBeat by +$54.51M

YoY Revenue Growth-5.13%

Earnings Announcement Details

QuarterQ3 2026

Date07/02/2026

TimeBefore Open

Conference CallThursday, July 2, 2026

MX:LNN Upcoming Earnings

Lindsay's next earnings date is estimated for October 22, 2026, based on past reporting schedules.

Q3 2026 Earnings Call Audio

MX:LNN Q3 2026 Earnings Call

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Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026

Earnings Call Date:Jul 02, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call communicated a mixed but balanced outlook: near-term challenges in the core irrigation business (declining revenues, margin pressure, constrained Brazil financing, drought and soft North American demand) are offset by positives including infrastructure growth (+8%), large project backlog (an $80M Middle East order), strong liquidity ($204.8M), continued buybacks, operational capacity upgrades (tube mill online; galvanizing facility coming in 2027), and expected double-digit technology revenue growth. Management is taking cost and restructuring actions to improve efficiency with savings targeted for fiscal 2027.

Company Guidance

Management guided that near-term demand will remain soft—total Q3 revenue was $160.8M (down 5% y/y from $169.5M) with operating income $18.5M and a 11.5% margin (vs. $23.8M and 14% a year ago); irrigation revenue was $133.0M (down 7%) including North America $61.3M (down 11%) and international $71.7M (down 4%), with irrigation operating income $20.3M and a 15.3% margin, while infrastructure grew to $27.7M (+8%) with $5.4M operating income (19.5% margin). They said no material near‑term North American recovery is expected until farm economics improve, Brazil is “cautiously optimistic” after financing rates eased to 11.5% (from 12.5%) but FINAME funding fell from BRL 2.75B to BRL 1.7B, the MENA project is ~$80M (about $70M to be recognized in FY2026 and ~$10M in early FY2027), and Road Zipper timing remains uncertain with no large project expected this fiscal year. Operationally, the new tube mill is fully online, the galvanizing plant is on track for calendar 2027 (after which CapEx should normalize from the $35.5M spent year‑to‑date), technology revenue is expected to grow in the double digits in FY2026, restructuring savings begin in FY2027, and liquidity stands at $204.8M ($154.8M cash + $50M revolver) while the company returned $25.2M in buybacks this quarter ($80.7M YTD).

Solid Liquidity and Capital Return

Total available liquidity of $204.8M (cash and equivalents $154.8M + $50M revolver). Returned $25.2M in share repurchases during the quarter and $80.7M year-to-date, reflecting continued capital allocation to shareholders.

Infrastructure Revenue Growth

Infrastructure segment revenues increased 8% year-over-year to $27.7M (from $25.7M), driven by higher road safety product sales and marking three consecutive quarters of infrastructure growth.

Large Middle East Project Backlog

An $80M Middle East irrigation order remains intact with $70M expected to be recognized in fiscal 2026 and the remaining ~$10M expected to spill into early fiscal 2027, supporting near-term project revenue visibility.

Operational Investments Coming Online

New tube mill successfully commissioned and in full production in Lindsay, NE, improving automation, safety, throughput and responsiveness. Galvanizing facility remains on schedule for calendar 2027 startup, representing final major strategic CapEx.

Technology Momentum and Recurring Revenue Opportunity

Continued adoption of FieldNET and FieldWise platforms, introduction of TowerWatch and expanded FieldNET Advisor AI capabilities. Company expects sustained double-digit technology revenue growth in fiscal 2026, enhancing recurring revenue and customer retention.

One-Time Tariff Refund Benefit

Third quarter included a one-time benefit from tariff refunds (partial reversal of prior tariff costs), which supported results in the quarter.

MX:LNN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 22, 2026	2026 (Q4)	18.38 / -	18.23	―
Jul 02, 2026	2026 (Q3)	21.07 / 28.17	32.777	-14.04% (-4.60)
Apr 02, 2026	2026 (Q2)	31.34 / 21.18	44.931	-52.87% (-23.75)
Jan 08, 2026	2026 (Q1)	27.03 / 28.36	28.91	-1.91% (-0.55)
Oct 23, 2025	2025 (Q4)	21.05 / 18.23	21.545	-15.38% (-3.31)
Jun 26, 2025	2025 (Q3)	25.78 / 32.78	34.066	-3.78% (-1.29)
Apr 03, 2025	2025 (Q2)	34.84 / 44.93	30.199	48.78% (+14.73)
Jan 07, 2025	2025 (Q1)	25.67 / 28.91	25.043	15.44% (+3.87)
Oct 24, 2024	2024 (Q4)	18.64 / 21.54	32.041	-32.76% (-10.50)
Jun 27, 2024	2024 (Q3)	21.58 / 34.07	28.174	20.92% (+5.89)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed