Lindsay Corporation (LNN)

Lindsay reported its Q1 fiscal 2026 earnings with revenues down 6% year-over-year, but announced a new $80 million project in the MENA region and completed $30 million in share repurchases. The company declared regular quarterly cash dividends. Q2 fiscal 2026 earnings were down 16% year-over-year, leading to a stock price drop and a subsequent price target decrease. Lindsay announced a new $150 million share repurchase program and repurchased $25.2 million of stock in Q2 fiscal 2026. A legal investigation was announced concerning potential securities fraud, and Lindsay launched new road safety products.

Demand for irrigation systems is tied to the agricultural cycle, farm-level economics, and water scarcity, with prices highest in June and July. Infrastructure demand is influenced by public procurement cycles and transportation budgets, leading to inconsistent demand.

Lindsay Corporation is a global manufacturer and distributor of agricultural irrigation and infrastructure equipment and technology. The company operates in two segments: Irrigation, which focuses on center pivot, lateral move, and hose reel irrigation systems, incorporating advanced controls and IoT solutions; and Infrastructure, which manufactures moveable barriers, crash cushions, road marking equipment, and railroad signals.

Lindsay Corporation is headquartered in Omaha, Nebraska, and has a global presence through dealers, distributors, manufacturing facilities, and partners. The company serves customers across the United States and in international markets, including Brazil, the Middle East and North Africa (MENA) region, Africa, and Central Asia.

Lindsay Corporation positions itself as a global leader in irrigation and infrastructure solutions, emphasizing innovation and sustainability. The company announced a $50 million expansion of its manufacturing facility and secured a $100 million irrigation order in the MENA region. However, a recent legal investigation regarding potential securities fraud could impact its reputation.

Institutional investors hold a significant majority of Lindsay Corp.'s stock, approximately 89.94% to 98.64%. Major institutional owners include BlackRock Inc., The Vanguard Group, Inc., and Neuberger Berman Group LLC. Insider ownership is relatively low, at under 1.5% to 6.48% of the stock.