What does Lindsay do and what are its main business segments?

What is the revenue and EPS growth rate for Lindsay year over year?

What were the key takeaways from Lindsay’s earnings call?

Did Lindsay beat or miss consensus estimates last quarter?

What guidance did Lindsay's management provide for the next earnings period?

What is Lindsay's latest dividend and current dividend yield?

What were the key takeaways from Lindsay's earnings call?

What is the market's earnings forecast for Lindsay next quarter?

- **Revenue Resilience**: Q1 revenue $155.8M (-6% YoY) driven by Infrastructure growth (+17%) offsetting Irrigation decline. 
- **Project Win**: $80M MENA deal ($70M FY26) highlights long-term food security investments. 
- **Margin Management**: Operating margin 12.6%, Irrigation segment margin 17.2% despite volume headwinds. 
- **Share Buybacks**: $30.3M under prior program; $150M new authorization signals confidence. 
- **Key Risks**: North America irrigation market at 'trough', Brazil credit constraints, Road Zipper lumpy project timing.

**【CEO Opening Remarks】**
- **Market Challenges**: Ongoing trade uncertainty, low commodity prices, and high input costs are impacting customer profitability and sentiment, particularly in North America. 
- **Domestic Irrigation Performance**: U.S. irrigation revenues declined due to delayed capital purchases, though pricing strategies helped mitigate volume losses. 
- **International Growth**: The MENA region project pipeline remains robust, with a new $80 million deal (including $70M FY26 revenue) reflecting long-term food security investments. Brazil's market is constrained by high interest rates and credit access. 
- **Infrastructure Segment Strength**: 17% YoY revenue growth driven by road safety products, with Road Zipper leasing model gaining traction. 
- **CapEx Update**: Lindsay, NE plant modernization nearing completion, expected to reduce labor reliance and improve efficiency. Galvanizing facility upgrades ongoing. 

**【CFO Financial Commentary】**
- **Q1 Financials**: Total revenue $155.8M (-6% YoY), operating income $19.6M (12.6% margin), net earnings $16.5M ($1.54 EPS). 
- **Segment Breakdown**: 
  - **Irrigation**: $133.4M (-9% YoY), operating margin 17.2% (vs. 16.8% prior year). North America down 4%, international down 15% due to MENA timing and Brazil weakness. 
  - **Infrastructure**: $22.4M (+17% YoY), margin 20.1% (vs. 21.5% prior year). 
- **Liquidity**: $249.6M available, including $30.3M share buybacks under prior program. New $150M buyback authorization announced. 

**【Q&A Highlights】**
- **North America Irrigation Outlook**: Market at 'trough' with no immediate improvement, but no expectation of further decline. 
- **MENA Project Margins**: Slightly below segment average, but better than prior deals. Repeat business and new clients indicate multiyear pipeline. 
- **Road Zipper Lull**: 2026 lacks large projects (difficult Q2 comp), but funnel remains strong for 2027+. Leasing model stabilizes margins. 
- **CapEx Impact**: Near-term depreciation offsets gains; margin improvements expected with demand recovery. 
- **Technology Adoption**: MENA projects increasingly adopt FieldNET for efficiency, reflecting global tech adoption shift.

Lindsay Corporation(LNN)-20260108-2026 Q1 Earnings call transcript

- **Record Performance**: FY2025 revenue +11%, net earnings +12%, driven by international irrigation growth (39%) and infrastructure expansion.
- **Market Dynamics**: North America irrigation down 9% vs international +39%, reflecting global diversification strategy success.
- **Innovation Edge**: TowerWatch reduces troubleshooting time by 75%, with 20% ARR growth in connected devices.
- **2026 Outlook**: Flat North America irrigation, MENA project pipeline potential, and 20%+ margin subscription revenue growth.
- **Liquidity Strength**: $300M available liquidity, 122% free cash flow conversion, $11.5M share buybacks.

**【CEO Summary Section】**
- Lindsay Corporation achieved record fiscal year 2025 results with 11% revenue growth and 12% net earnings growth, driven by double-digit growth in both Irrigation and Infrastructure segments.
- Irrigation segment highlights:
  - North America revenue down 9% due to low commodity prices and weak crop receipts.
  - International irrigation revenue up 39%, with MENA region project sales and South America exports leading growth.
  - First-time international irrigation revenue surpassing North America at $294.2M vs $273.8M.
- Innovation: Introduced TowerWatch, reducing troubleshooting time by 75%, with 150,000+ connected devices and 20% ARR growth.
- Capital projects: $42.5M in 2025 capex, including new tube mill and expanded galvanizing facility (completion delayed to end-2026).
- CFO transition: Brian Ketcham retiring after 10 years, Sam Hinrichsen joining as CFO in November.

**【CFO Financial Commentary】**
- Q4 2025 results:
  - Total revenue $153.6M (-1% YoY), net earnings $10.8M ($0.99 EPS) vs $12.7M ($1.17 EPS) prior year.
  - Full year free cash flow 122% of net earnings, share buybacks $11.5M.
  - 2025 capex $42.5M, 2026 capex expected ~$50M for facility upgrades.
- Segment margins:
  - Irrigation: 17.1% FY25 vs 16.3% prior year.
  - Infrastructure: 24.3% FY25 vs 20.4% prior year.
- Liquidity: $300M available (cash $250M, revolver $50M).

**【Q&A Key Highlights】**
- 2026 Outlook:
  - North America irrigation: Volume down low-single digits, offset by price increases and subscription growth.
  - International: MENA project pipeline potential to replace 2025's $120M in projects.
  - Infrastructure: Road Zipper leasing growth, but no large projects expected.
- Margin management:
  - Pricing discipline to offset volume declines.
  - Subscription revenue (20%+ margin) growing 150,000+ devices.
  - Brazil: Stable despite credit constraints, 3x annual cropping cycle supports demand.
- Risks:
  - North America farm income near pandemic lows, limiting investment.
  - Project timing uncertainty in MENA.
  - Elevated capex impacting short-term margins.

Lindsay Corporation (LNN) Q4 2025 Earnings Call Transcript

- **Record Revenue Growth**: Q3 2025 revenue up 22% to $169.5M, driven by 25% Irrigation segment growth and 60% international expansion.
- **MENA Momentum**: Secured $20M project to begin Q4, with MENA pipeline supporting steady long-term growth.
- **Brazil Balancing Act**: Near-term caution due to 15% interest rates, but 2026 crop plan release could unlock mid-single-digit adoption growth.
- **Resilient Margins**: 18.9% Irrigation margin despite project mix headwinds; $261M liquidity provides strategic flexibility.
- **Tariff Resilience**: Minimal steel cost impact; farmer tax credits may accelerate 2025H2 demand.

**【CEO Opening Remarks】**
- Lindsay reported **22% year-over-year revenue growth** to $169.5 million, driven by strong performance in both Irrigation and Infrastructure segments.
- Highlighted a new $20 million project in the Middle East, set to begin shipping in Q4 and continue into FY26.
- Emphasized international growth, with Latin America and MENA leading the way, while noting cautious demand in North America due to crop price headwinds.

**【CFO Financial Highlights】**
- **Irrigation Segment**: +25% to $143.7M, with 60% growth in international markets (Brazil, MENA) offsetting flat domestic demand.
- **Operating Margins**: Irrigation at 18.9% (vs. 17% prior year), Infrastructure at 21.1% (down from 25.8% due to project mix).
- **Balance Sheet Strength**: $261M total liquidity, including $211M cash and $50M credit facility.

**【Key Q&A Takeaways】**
1. **Middle East Conflict Impact**: No immediate disruption to projects; long-term food security drivers remain intact.
2. **Brazil Market**: Mid-single-digit irrigation adoption rate; cautious near-term outlook but strong long-term potential post-July crop plan release.
3. **Tariff Policy**: Farmer tax credits could shift demand timing but maintain overall support for equipment investment.
4. **Project Pipeline**: MENA funnel remains robust with smaller ($20-40M) projects complementing mega-projects (>100M).
5. **Cost Management**: Steel tariffs have had minimal impact; pricing actions and operational efficiencies offset costs.

Lindsay Corporation (LNN) Q3 2025 Earnings Call Transcript

- **Record Q2 Performance**: $26.6M net earnings (23% revenue growth) driven by MENA project ($20M) and Road Zipper infrastructure success.
- **International Growth**: Brazil irrigation recovery, MENA project acceleration, and stable unit sales in developing markets offset North America weakness.
- **Tariff Mitigation**: Mid-single-digit cost increase to be passed to customers; global supply chain flexibility minimizes disruption.
- **Infrastructure Momentum**: Road Zipper operating margin jumps to 34.1%, positioning for long-term leasing growth despite project timing uncertainty.
- **Domestic Risks**: Tariff-induced trade war could impact US ag exports, but government support and Brazil production shifts may offset farmer sentiment challenges.

**【CEO Opening Remarks】**
- Q2 2025 net earnings reached a record $26.6 million, driven by 23% revenue growth to $187.1 million. Both irrigation and infrastructure segments contributed to this success.
- Irrigation business saw 11% revenue growth, with international markets (MENA, Brazil) outperforming North America. The MENA project contributed over $20 million, while Brazil unit sales stabilized year-over-year.
- Infrastructure segment more than doubled in revenue to $38.9 million, fueled by the completion of a $20 million Road Zipper project. Operating margin improved to 34.1% due to higher project sales mix.
- Tariff response: Implemented supplier diversification, inventory placement, and pricing adjustments to mitigate mid-single-digit cost increases. Anticipate passing costs to customers while monitoring retaliatory risks.

**【CFO Financial Highlights】**
- Irrigation segment: $148.1 million revenue (+11%), operating income $27.4 million (+7%). International growth offset North America's 7% decline in unit sales.
- Infrastructure segment: $38.9 million revenue (+111%), operating income $13.3 million (+233%). Road Zipper project drove margin expansion to 34.1%.
- Balance sheet strength: $236.7 million liquidity, including $186.7 million cash, supporting strategic initiatives.

**【Q&A Key Takeaways】**
- **International Growth Timing**: MENA project revenue was slightly accelerated in Q2 but remains on track for $20 million/Q2-FY25. Brazil stabilization signals potential recovery in developing markets.
- **Tariff Impact**: Mid-single-digit cost increase expected, with pricing adjustments underway. Steel cost volatility may persist, but domestic sourcing mitigates supply chain risks.
- **Domestic Irrigation Sentiment**: USDA forecasts 29% farm income growth (driven by subsidies), but crop receipts decline. Stable demand expected in H2-FY25, contingent on weather.
- **Infrastructure Pipeline**: Road Zipper sales funnel remains strong, but large project timing remains uncertain. Focus on high-margin leasing business for long-term stability.
- **Trade War Risks**: Retaliatory tariffs could impact US ag exports, potentially requiring government support. Lindsay positioned to benefit from production shifts to Brazil if global demand shifts.

Lindsay (LNN)-3 Apr 25-2025 Q2 Earnings call transcript

- **37% Irrigation Growth**: MENA project and European/Latin American expansion drove international irrigation revenue, offsetting North America weakness.
- **$20M+ Road Zipper Project**: Infrastructure segment delivered margin expansion and expects continued growth from federal funding.
- **240,000 Connected Devices**: Peso Instruments acquisition positions for recurring revenue growth in IoT.
- **14% Net Earnings Growth**: Strong cash flow and margin improvement in infrastructure offset irrigation headwinds.
- **23% Tax Rate**: Lower effective rate from Turkish operations, enhancing profitability.

**【CEO Opening Remarks】**
- **Revenue Growth**: International irrigation revenue surged 37% YoY, driven by a $20M+ project in MENA and early momentum in Europe and Latin America. North America irrigation revenue declined 13% due to lower farm incomes.
- **Infrastructure Segment**: Delivered $20M+ Road Zipper project in Q2, with margin expansion from cost management and operational efficiency. Expect continued growth in infrastructure from federal funding and project pipeline.
- **Market Outlook**: North America faces near-term weakness but mid-term tailwinds from federal agricultural support. MENA remains a key growth driver for irrigation, with projects in pipeline.
- **Innovation**: Acquired minority stake in Peso Instruments, adding 240,000 connected devices to expand recurring revenue streams.

**【CFO Financial Highlights】**
- **Q1 2025 Results**: Consolidated revenue $166.3M (+3% YoY), net earnings $17.2M (+14% YoY), EPS $1.57. Irrigation segment revenue $147.1M (+5% YoY), operating margin 16.8%. Infrastructure revenue $19.2M (-9% YoY), operating margin 21.5% (vs 17.1% YoY).
- **Key Drivers**: MENA project contributed $69.4M to irrigation, offsetting Brazil weakness. Infrastructure margin improvement from cost reductions and Road Zipper project.
- **Liquidity**: $244.1M available cash, supporting capital allocation strategy.

**【Q&A Key Takeaways】**
- **MENA Project Follow-Up**: After-sales service and parts consumption expected to generate long-term revenue, though initial focus is on project delivery.
- **Brazil Market**: Stabilization with regional financing programs, but no significant near-term upside. Lapping strong prior-year growth.
- **Infrastructure Leasing**: Revenue volatility due to project timing, but stable over 12-18 months. New projects offsetting expiring leases.
- **Tax Rate**: Expect 23% effective rate for FY25 due to Turkish free trade zone benefits, vs 35% in Brazil.
- **CapEx**: Nebraska facility expansion on track, no delays despite weather challenges.

Actual											0.51	0.93	1.35	0.65	1.08	1.61	0.53	0.72	1.32	2.28	1.62	1.65	1.63	1.53	1.74	1.36	1.64	1.85	1.17	1.57	2.44	1.78	0.99	1.54
Forecast											0.4533	0.882	0.9375	0.7475	0.8625	1.2975	0.8	0.8825	1.195	1.644	1.3567	1.18	1.5267	2.1367	1.1131	1.2713	1.5555	1.1725	1.0125	1.3939	1.8925	1.4	1.1426	1.4684	1.702
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+12.51%	+5.44%	+44.00%	-13.04%	+25.22%	+24.08%	-33.75%	-18.41%	+10.46%	+38.69%	+19.41%	+39.83%	+6.77%	-28.39%	+56.32%	+6.98%	+5.43%	+57.78%	+15.56%	+12.63%	+28.93%	+27.14%	-13.36%	+4.88%	0.00%

LNN

LNN fundamentals

LNN Q2 2026 Earnings Preview

Earnings Call

You can ask Aime

LNN

LNN fundamentals

LNN Q2 2026 Earnings Preview

Earnings Call

LNN Earnings Call Summary for Q2/2026Upcoming11:00 AM on Apr 2, 2026

LNN Earnings Call Summary for Q1/202611:00 AM on Jan 8, 2026

LNN Earnings Call Summary for Q4/202511:00 AM on Oct 23, 2025

LNN Earnings Call Summary for Q3/202511:00 AM on Jun 26, 2025

LNN Earnings Call Summary for Q2/202511:00 AM on Apr 3, 2025

You can ask Aime