Lindsay posts fourth-quarter earnings beat and agrees to acquire Brazilian irrigation maker
Lindsay reported fiscal fourth-quarter revenue of $161.6M and non-GAAP EPS of $1.10, above expectations. North American irrigation revenue increased 11%, infrastructure revenue rose 13%, and operating income increased 39% to $15.8 million. Fiscal-year revenue fell 6% to $635.9M, while Lindsay signed an agreement to acquire Brazilian hose-reel irrigation equipment maker Setorial Irrigação.
Why it matters
The company expects no large MENA project awards to begin delivery in fiscal 2027, which may limit near-term growth from that region. The Setorial transaction remains subject to customary closing conditions, while management expects the restructuring to generate annual savings.
Key facts
- 1Lindsay reported fiscal fourth-quarter non-GAAP EPS of $1.10 and revenue of $161.6M. seekingalpha.com
- 2Fourth-quarter operating income increased 39% to $15.8 million. stocktitan.net
- 3Fourth-quarter North America irrigation revenue increased 11%, while infrastructure revenue increased 13%. stocktitan.net
- 4Fiscal 2026 revenue was $635.9M, down 6% year over year, and EPS was $5.33. tradingview.com
- 5Lindsay signed a definitive agreement to acquire Setorial Irrigação, subject to customary closing conditions and expected to close in the coming months. finance.yahoo.com
- 6The company expects its global restructuring plan to produce $8M in annual savings. finance.yahoo.com
Open questions
- Full-year net earnings are reported as $55.7M in some materials and $57.8M in another, with no basis provided to reconcile the difference.
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.