Lindsay Announces Agreement to Acquire Setorial Irrigação, Expanding Global Irrigation Portfolio

Lindsay Corporation reported 11% North America irrigation revenue growth, driven by commodity prices and storm damage, but noted a subdued broader market. The company expects $8M in annual savings from a global restructuring plan. International growth was boosted by a $70M MENA region shipment. Agricultural Technology saw 11% year-over-year growth in annual recurring revenue. Management anticipates fiscal 2027 revenue gap due to no large MENA projects, partially offset by smaller projects.

Lindsay (LNN) reported Q4 irrigation revenue of $78.3M, flat YoY, with full-year revenue down 5% to $541.5M. Infrastructure revenue rose 13% in Q4 but fell 13% for the year. Operating income and margins declined, citing lower volumes and higher costs. The company plans cost reductions, a Brazilian acquisition, and continued tech growth. LNN expects fiscal 2027 growth in road-safety products and no large MENA projects.

Lindsay Corp reported fiscal 2026 revenue of $635.9M, down 6% YoY, and net income of $55.7M, down 25% YoY. Declines were attributed to lower irrigation and infrastructure sales, reduced operating income, and a higher tax rate. Management highlighted near-term challenges but long-term growth drivers in food security and water scarcity.

Lindsay (LNN) reported Q4 2026 revenues of $161.6M, up 5% YoY, with net earnings of $11.3M. Full-year revenues fell 6% to $635.9M. Agricultural demand remains subdued, but tech revenue grew 11% YoY. The company expects long-term growth in Brazil and infrastructure markets. LNN agreed to acquire Setorial Irrigação, a Brazilian irrigation equipment maker.

Lindsay Corporation (LNN) agreed to acquire Setorial, a Brazilian hose reel manufacturer, to expand its irrigation market presence. Setorial's products complement Lindsay's Zimmatic center pivots, serving diverse farm sizes. The deal strengthens Lindsay's Brazilian market position and growth prospects. Setorial will operate independently post-acquisition, retaining its brand and team.

Lindsay Corporation (NYSE:LNN) reported Q4 FY2026 revenue of $161.6M and EPS of $1.10, beating estimates. Infrastructure revenue grew 13%, while irrigation stabilized with 11% growth. Full-year revenue declined 6% to $635.9M. The company acquired Setorial, expanding its irrigation portfolio in Brazil. The stock traded at $106.84, up 0.23%.