The Q4 beat was driven by North America irrigation recovery and infrastructure growth, but full-year trends remain weak with revenue and earnings declining. Watch for further commentary on Brazil recovery and the Setorial acquisition closing, as well as the pace of North America irrigation demand improvement in fiscal 2027.
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Executive Summary
Lindsay Corp reported Q4 FY2026 revenue of $161.6M (+5% YoY) and diluted EPS of $1.10 (+11% YoY), beating consensus estimates of $149.6M and $0.98. North America irrigation revenue grew 11% and infrastructure revenue grew 13%, while the company announced a global restructuring expected to generate $8M in annual savings and disclosed the planned acquisition of Setorial Irrigação in Brazil. Full-year FY2026 revenue declined 6% to $635.9M and EPS fell 21% to $5.33, reflecting persistent headwinds in Brazil and lower project revenue.
Key Financial Metrics
Key Facts
- Q4 FY2026 revenue $161.6M, +5% YoY (consensus $149.6M)
- Q4 diluted EPS $1.10, +11% YoY (consensus $0.98)
- North America irrigation revenue +11% YoY to $55.4M
- Infrastructure revenue +13% YoY to $27.8M, operating income +41%
- Full-year FY2026 revenue $635.9M, -6% YoY; EPS $5.33, -21% YoY
- Global restructuring implemented in June 2026, expected $8M annual savings
- Planned acquisition of Setorial Irrigação in Brazil announced
- $100M remaining under $150M share repurchase authorization
- Backlog $102.5M at Aug 31, 2026 vs $110.7M a year ago
- Operating cash flow $74.9M in FY2026 vs $132.9M in FY2025
Financial Impact
Q4 revenue beat consensus by $12.0M (8.0%); EPS beat consensus by $0.12 (12.2%); full-year revenue declined $40.5M (6%) and operating income declined $21.2M (24%)
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Irrigation | $133.7M | +3.7% |
| Infrastructure | $27.8M | +13.4% |
Risk Factors
- Persistent weakness in Brazil due to high interest rates and credit constraints
- Difficult year-over-year comparisons in international irrigation project markets in FY2027
- Full-year operating cash flow nearly halved to $74.9M from $132.9M
- Backlog declined 7.4% year-over-year
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-428293 |
| Document: lnn-20261020.htm | 0001193125-26-428293 |
| Document: lnn-ex99_2.htm | 0001193125-26-428293 |
| Document: 0001193125-26-428293-index-headers.html | 0001193125-26-428293 |
| Document: 0001193125-26-428293-index.html | 0001193125-26-428293 |
| Document: 0001193125-26-428293.txt | 0001193125-26-428293 |
| 8-K Data (Synthetic) | 0001193125-26-428293 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $111.99 | awaiting T+60 | awaiting T+60 | $104.04 (−7.10%) |
Jul 2, 2026 16w ago | 8-K | $122.12 $112.76 | ▼ −7.66% | ▼ −10.67% | $104.04 (−14.81%) |
Apr 2, 2026 29w ago | 8-K | $103.02 $123.80 | ▼ −20.17% | ▼ −6.01% | $104.04 (−0.99%) |
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