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Get filing alertsLindsay Corp Q3 earnings fall 19% on irrigation weakness; repurchases $25.2M in shares
Filed July 2, 2026 · Period ending July 2, 2026 · ~1 min read
Key Changes
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high
Net earnings declined 19% to $15.8M ($1.53/share) from $19.5M ($1.78/share) in prior year, driven by lower irrigation volumes and fixed cost deleverage.
Exhibit 99.1 view on EDGAR → -
high
Irrigation revenues fell 7% to $133.0M as North America dropped 11% on weak farmer sentiment and high input costs; Brazil sales declined on credit constraints.
Exhibit 99.1 view on EDGAR → -
medium
Infrastructure revenues grew 8% to $27.7M on higher road safety product sales, though operating margin compressed to 19.5% from 21.1% on unfavorable mix.
Exhibit 99.1 view on EDGAR → -
medium
Repurchased $25.2M of shares in the quarter, bringing fiscal year-to-date buybacks to $80.7M amid challenging operating conditions.
Exhibit 99.2 view on EDGAR → -
medium
Order backlog increased to $136.1M from $117.1M a year ago, driven by MENA irrigation project expected to contribute ~$70M in revenue this fiscal year.
Exhibit 99.1 view on EDGAR →
Summary
Lindsay Corp reported third quarter fiscal 2026 results showing net earnings down 19% to $15.8 million ($1.53 per diluted share) as the irrigation business faced headwinds from weak farmer sentiment and high input costs. North America irrigation revenues fell 11% to $61.3 million on lower unit volumes, while international irrigation declined 4% to $71.7 million primarily from reduced Brazil sales amid credit availability constraints. The infrastructure segment provided a partial offset with 8% revenue growth to $27.7 million, though operating margins compressed on lower-margin product mix.
Despite the earnings decline, Lindsay returned significant capital to shareholders with $25.2 million in share repurchases during the quarter, bringing fiscal year-to-date buybacks to $80.7 million. The company's order backlog increased to $136.1 million from $117.1 million a year ago, supported by a large Middle East North Africa irrigation project that remains on schedule and is expected to contribute approximately $70 million in revenue this fiscal year. The combination of challenging near-term irrigation market conditions and a growing international project pipeline presents a mixed outlook for the remainder of fiscal 2026.
Section-by-Section Diff
Event · Exhibit 99.2
Lindsay Corp disclosed Q3 FY2026 earnings with 5% revenue decline, 22% operating income drop, and $25.2M share repurchases in the quarter.
Added in current filing · view on EDGAR →
Revenues decreased $8.7 million, or 5 percent, compared to the prior year Irrigation decreased $10.7 million Infrastructure increased $2.0 million Operating income decreased $5.3 million, or 22 percent, compared to the prior year Diluted earnings per share decreased $0.25 per share, or 14 percent, compared to the prior year
Lindsay reported third quarter fiscal 2026 results showing total revenues down 5% year-over-year driven by a $10.7 million decline in irrigation segment revenues, partially offset by a $2.0 million increase in infrastructure revenues. Operating income fell 22% and diluted EPS decreased 14% ($0.25 per share) compared to the prior year quarter, reflecting lower unit sales volumes and fixed cost deleverage.
Added in current filing · view on EDGAR →
North America revenue of $61.3 million decreased 11 percent Lower unit sales volume due to high input costs and tempered farmer sentiment Higher average selling prices compared to the prior year Unit sales volume breakdown by category: Replacement 45%, Conversion 30%, Dryland 25% International revenue of $71.7 million decreased 4 percent Lower unit sales volume in Brazil due to low profitability and credit availability Favorable effects of foreign currency translation of $3.9 million Operating income of $20.3 million decreased 25 percent
The irrigation segment saw North America revenues decline 11% to $61.3 million due to lower unit sales volumes driven by high input costs and weak farmer sentiment, while international revenues fell 4% to $71.7 million primarily from reduced Brazil sales amid credit constraints. Segment operating income dropped 25% to $20.3 million, impacted by lower volumes, higher input costs, and fixed cost deleverage.
Added in current filing · view on EDGAR →
Revenue of $27.7 million increased 8 percent Higher sales of road safety products compared to the prior year Road Zipper lease revenues comparable to prior year Road Zipper system project revenues below prior year Operating income of $5.4 million comparable to prior year
The infrastructure segment reported revenues of $27.7 million, up 8% year-over-year, driven by higher road safety product sales while Road Zipper lease revenues remained flat and project revenues declined. Operating income of $5.4 million was comparable to the prior year despite the revenue growth, as lower-margin product mix offset volume gains.
Added in current filing · view on EDGAR →
International irrigation project in the Middle East North Africa (MENA) region remains on schedule
The company confirmed that a previously disclosed international irrigation project in the MENA region is progressing on schedule, supporting the company's international growth strategy in developing markets driven by food security and water conservation needs.
Event · Exhibit 99.1
Lindsay Corp reported Q3 FY2026 earnings of $15.8M ($1.53/share), down 19% YoY, with irrigation revenues down 7% and infrastructure up 8%.
Added in current filing · view on EDGAR →
Irrigation segment revenues for the third quarter of fiscal 2026 were $133.0 million, a decrease of $10.7 million, or 7 percent, compared to $143.7 million in the prior year. North America irrigation revenues of $61.3 million decreased $7.7 million, or 11 percent, compared to the prior year. ... International irrigation revenues for the third quarter of fiscal 2026 of $71.7 million decreased $3.0 million, or 4 percent, compared to the prior year.
Irrigation revenues fell 7% to $133.0 million, with North America down 11% to $61.3 million due to lower unit volumes and weak farmer sentiment from commodity market pressure. International revenues declined 4% to $71.7 million, primarily from lower Brazil sales, though partially offset by a $3.9 million favorable currency impact.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 6, 2026 · How we verify