Lindsay Corp beats Q1 earnings estimates despite revenue decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2024
0mins
Should l Buy LNN?
Source: Benzinga
Lindsay Corporation's stock rose by 6.69% today, crossing above the 5-day SMA, amid mixed market conditions with the Nasdaq-100 down 0.56% and the S&P 500 slightly up by 0.01%.
The increase in stock price is attributed to Lindsay Corporation's Q1 earnings report, which revealed earnings of $16.5 million, exceeding analyst expectations of $1.48 per share. Despite a year-over-year revenue decline of 6.3%, the earnings beat indicates effective cost control measures, boosting investor confidence. This performance suggests that the company is navigating challenging market conditions effectively.
Investors will be closely monitoring Lindsay's ability to address the declining revenue trend and optimize operational strategies to ensure future profitability and growth potential.
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Analyst Views on LNN
Wall Street analysts forecast LNN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LNN is 128.00 USD with a low forecast of 128.00 USD and a high forecast of 128.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 132.790
Low
128.00
Averages
128.00
High
128.00
Current: 132.790
Low
128.00
Averages
128.00
High
128.00
About LNN
Lindsay Corporation is a global manufacturer and distributor of irrigation and infrastructure equipment and technology. The Company operates through two segments: Irrigation and Infrastructure. The Company’s Irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems which are used principally in the agricultural industry to increase or stabilize crop production while conserving water, energy and labor. Its family of irrigation brands includes Zimmatic center pivot and lateral move agricultural irrigation systems, FieldNET and FieldWise remote irrigation management technology, FieldNET Advisor irrigation scheduling technology, and industrial IoT solutions. The Company’s Infrastructure segment includes the manufacture and marketing of moveable barriers, specialty barriers and crash cushions, road marking and road safety equipment, and railroad signals and structures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pier Capital Fully Exits Lindsay Position with $10.09 Million Sale
- Share Sale Overview: On February 3, Pier Capital disclosed in an SEC filing that it fully exited its position in Lindsay by selling 71,799 shares for an estimated $10.09 million, indicating a cautious outlook on the company's future performance.
- Asset Management Impact: The Lindsay stake represented approximately 1.58% of Pier Capital's AUM in the previous quarter, and its liquidation brings the stake to zero, reflecting uncertainty in the agricultural market outlook.
- Financial Performance Analysis: Lindsay reported revenue of $155.8 million for the most recent fiscal quarter, down 6% year-over-year, with irrigation revenue declining by 9%, despite a 17% increase in infrastructure revenue, highlighting market demand volatility.
- Capital Return Strategy: The company repurchased approximately $30 million in stock during the quarter and authorized a new $150 million buyback program, although backlog sharply decreased from $168.2 million to $119.2 million, raising concerns about future project deliveries.
See More
Lindsay (LNN) Q1 2026 Earnings Call Transcript
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Lindsay Corporation Reports $155.8M Q1 2026 Revenue, Secures $80M Project in MENA Region
- Revenue Performance: Lindsay Corporation reported total revenues of $155.8 million for Q1 2026, a 6% decline year-over-year primarily due to lower sales volumes in the irrigation segment affected by trade uncertainties and high costs, although the infrastructure segment showed a 17% increase, demonstrating the company's resilience in diversified markets.
- International Project Signing: The company secured an $80 million supply agreement for irrigation systems in the MENA region, with approximately $70 million expected to be realized this fiscal year, showcasing Lindsay's competitiveness in large-scale global projects and its critical role in sustainable agriculture and food security.
- Infrastructure Segment Growth: The infrastructure segment achieved revenues of $22.4 million in Q1, a 17% year-over-year increase driven by higher sales of road safety products, while revenues from the Road Zipper system remained flat compared to last year, indicating potential in the context of increased infrastructure investment.
- Share Buyback Program: Lindsay repurchased $30.3 million in shares during Q1 and announced a new buyback program of up to $150 million, reflecting the company's commitment to creating long-term value for shareholders while maintaining a strong financial position.
See More
Riley Exploration Declares $0.40 Cash Dividend Per Share
- Riley Exploration Dividend Announcement: The company's Board of Directors has approved a cash dividend of $0.40 per share, payable on February 5, 2026, which aims to reward shareholders and enhance investor confidence.
- Ellington Financial Monthly Dividend: The Board declared a monthly cash dividend of $0.13 per share, payable on February 27, 2026, reflecting the company's stable cash flow and ongoing commitment to shareholders.
- Lindsay Regular Dividend: The Board announced a quarterly cash dividend of $0.37 per share, scheduled for payment on February 27, 2026, demonstrating the company's strong performance in profitability and shareholder returns.
- AGNC Investment Dividend: The Board declared a cash dividend of $0.12 per share, payable on February 10, 2026, indicating the company's stable dividend policy amidst market fluctuations.
See More
Lindsay Corporation Declares $0.37 Quarterly Cash Dividend Per Share
- Dividend Announcement: Lindsay Corporation's Board of Directors has declared a quarterly cash dividend of $0.37 per share, payable on February 27, 2026, reflecting the company's ongoing commitment to stable cash flow and shareholder returns.
- Shareholder Benefits: As of January 5, 2026, Lindsay Corporation had approximately 10.5 million shares outstanding, with the dividend benefiting all shareholders of record as of the close of business on February 13, 2026, thereby enhancing investor confidence.
- Company Background: Established in 1955, Lindsay Corporation is a leading global manufacturer of irrigation and infrastructure equipment, dedicated to meeting the food, fuel, and transportation needs of the world's rapidly growing population, underscoring its significant role in the industry.
- Market Leadership: As a global leader in both irrigation and transportation sectors, Lindsay Corporation continues to drive technological advancements through its innovative Zimmatic™ and FieldNET™ brands, enhancing its competitive edge in the market.
See More
Lindsay Corporation (LNN) Reports Q1 Earnings of $16.5 Million, Beating Estimates
- Earnings Performance: Lindsay Corporation reported Q1 earnings of $16.5 million, or $1.54 per share, which, despite a year-over-year decline, exceeded analyst expectations of $1.48, demonstrating the company's resilience in challenging conditions.
- Revenue Decline: The company's revenue fell 6.3% year-over-year from $166.3 million to $155.8 million, indicating potential pressure from weak market demand that could impact future performance.
- Market Expectations: Despite the revenue drop, the earnings beat market expectations, suggesting that the company may have implemented effective cost control and operational efficiency measures, thereby boosting investor confidence.
- Future Outlook: The company needs to address the declining revenue trend and continue optimizing operational strategies to navigate market challenges, ensuring future profitability and growth potential.
See More
Pier Capital Fully Exits Lindsay Position with $10.09 Million Sale
- Share Sale Overview: On February 3, Pier Capital disclosed in an SEC filing that it fully exited its position in Lindsay by selling 71,799 shares for an estimated $10.09 million, indicating a cautious outlook on the company's future performance.
- Asset Management Impact: The Lindsay stake represented approximately 1.58% of Pier Capital's AUM in the previous quarter, and its liquidation brings the stake to zero, reflecting uncertainty in the agricultural market outlook.
- Financial Performance Analysis: Lindsay reported revenue of $155.8 million for the most recent fiscal quarter, down 6% year-over-year, with irrigation revenue declining by 9%, despite a 17% increase in infrastructure revenue, highlighting market demand volatility.
- Capital Return Strategy: The company repurchased approximately $30 million in stock during the quarter and authorized a new $150 million buyback program, although backlog sharply decreased from $168.2 million to $119.2 million, raising concerns about future project deliveries.
See More
Lindsay (LNN) Q1 2026 Earnings Call Transcript
See More
Lindsay Corporation Reports $155.8M Q1 2026 Revenue, Secures $80M Project in MENA Region
- Revenue Performance: Lindsay Corporation reported total revenues of $155.8 million for Q1 2026, a 6% decline year-over-year primarily due to lower sales volumes in the irrigation segment affected by trade uncertainties and high costs, although the infrastructure segment showed a 17% increase, demonstrating the company's resilience in diversified markets.
- International Project Signing: The company secured an $80 million supply agreement for irrigation systems in the MENA region, with approximately $70 million expected to be realized this fiscal year, showcasing Lindsay's competitiveness in large-scale global projects and its critical role in sustainable agriculture and food security.
- Infrastructure Segment Growth: The infrastructure segment achieved revenues of $22.4 million in Q1, a 17% year-over-year increase driven by higher sales of road safety products, while revenues from the Road Zipper system remained flat compared to last year, indicating potential in the context of increased infrastructure investment.
- Share Buyback Program: Lindsay repurchased $30.3 million in shares during Q1 and announced a new buyback program of up to $150 million, reflecting the company's commitment to creating long-term value for shareholders while maintaining a strong financial position.
See More
Riley Exploration Declares $0.40 Cash Dividend Per Share
- Riley Exploration Dividend Announcement: The company's Board of Directors has approved a cash dividend of $0.40 per share, payable on February 5, 2026, which aims to reward shareholders and enhance investor confidence.
- Ellington Financial Monthly Dividend: The Board declared a monthly cash dividend of $0.13 per share, payable on February 27, 2026, reflecting the company's stable cash flow and ongoing commitment to shareholders.
- Lindsay Regular Dividend: The Board announced a quarterly cash dividend of $0.37 per share, scheduled for payment on February 27, 2026, demonstrating the company's strong performance in profitability and shareholder returns.
- AGNC Investment Dividend: The Board declared a cash dividend of $0.12 per share, payable on February 10, 2026, indicating the company's stable dividend policy amidst market fluctuations.
See More
Lindsay Corporation Declares $0.37 Quarterly Cash Dividend Per Share
- Dividend Announcement: Lindsay Corporation's Board of Directors has declared a quarterly cash dividend of $0.37 per share, payable on February 27, 2026, reflecting the company's ongoing commitment to stable cash flow and shareholder returns.
- Shareholder Benefits: As of January 5, 2026, Lindsay Corporation had approximately 10.5 million shares outstanding, with the dividend benefiting all shareholders of record as of the close of business on February 13, 2026, thereby enhancing investor confidence.
- Company Background: Established in 1955, Lindsay Corporation is a leading global manufacturer of irrigation and infrastructure equipment, dedicated to meeting the food, fuel, and transportation needs of the world's rapidly growing population, underscoring its significant role in the industry.
- Market Leadership: As a global leader in both irrigation and transportation sectors, Lindsay Corporation continues to drive technological advancements through its innovative Zimmatic™ and FieldNET™ brands, enhancing its competitive edge in the market.
See More
Lindsay Corporation (LNN) Reports Q1 Earnings of $16.5 Million, Beating Estimates
- Earnings Performance: Lindsay Corporation reported Q1 earnings of $16.5 million, or $1.54 per share, which, despite a year-over-year decline, exceeded analyst expectations of $1.48, demonstrating the company's resilience in challenging conditions.
- Revenue Decline: The company's revenue fell 6.3% year-over-year from $166.3 million to $155.8 million, indicating potential pressure from weak market demand that could impact future performance.
- Market Expectations: Despite the revenue drop, the earnings beat market expectations, suggesting that the company may have implemented effective cost control and operational efficiency measures, thereby boosting investor confidence.
- Future Outlook: The company needs to address the declining revenue trend and continue optimizing operational strategies to navigate market challenges, ensuring future profitability and growth potential.
See More
