A 38-cent-per-share payment from Lindsay is due Nov. 30.

Stifel reduced its price target for Lindsay Corporation (NYSE:LNN) to $119 from $121, keeping a Hold rating. The stock trades at $111.99, below InvestingPro's Fair Value estimate. Q4 2026 North America irrigation growth improved to 11%, but core fundamentals remain weak with a 7.4% revenue decline over the last year. Lindsay reported Q4 earnings of $1.10 per share, beating estimates, with revenue of $161.6 million, also surpassing expectations.

Lindsay (LNN) shares rose 2.7% after reporting Q4 and fiscal year results. Revenue was $161.6M, up 5.2% YoY, beating estimates. Operating income increased 39% to $15.8M, with EPS at $1.10, above expectations. North America irrigation and infrastructure revenues grew 11% and 13%, respectively. Operating margin improved to 9.8% from 7.4% YoY. Shares traded at $110.09, up 3.3% from the previous close.

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.