Pier Capital Exits Lindsay Stake, Citing Resilient Margins Amidst Revenue Pressure

Pier Capital sold its entire stake in Lindsay, worth $10.09 million, as the company's margins held steady at 12.6% despite revenue pressure. Lindsay's diversified product portfolio and global reach have helped it navigate a challenging agricultural backdrop marked by soft farmer sentiment and lower commodity prices. The company's most recent quarter showed how disciplined operators can defend profitability despite difficult conditions.