Lindsay Q3 revenue falls 5% to $160.8 million; diluted EPS down 14% to $1.53
Lindsay reported fiscal third-quarter 2026 results for the quarter ended May 31, 2026, with revenue, operating income, and earnings all lower than a year earlier. Irrigation revenue fell 7% while infrastructure revenue rose 8%, and management said it expects about $70 million of revenue from the Middle East and North Africa irrigation project in the current fiscal year. Shareholders face lower quarterly profit, though the company repurchased $25.2 million of shares in the quarter and $80.7 million for the fiscal year to date.
Key points
- Total revenue was $160.8 million, down $8.7 million or 5% from $169.5 million; operating income was $18.5 million, down 22%
- Net earnings were $15.8 million, or $1.53 per diluted share, versus $19.5 million, or $1.78 per diluted share, a year earlier
- Irrigation revenue fell 7% to $133.0 million, while infrastructure revenue rose 8% to $27.7 million
- Management expects about $70 million of revenue from the MENA irrigation project this fiscal year and does not expect a large Road Zipper System project in fiscal 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 02, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.