Lindsay Corporation Reports Fiscal 2026 First Quarter Results

About this update from Lindsay Corporation

[{"type":"text","content":"Margins remain solid despite lower revenues amid a challenging agricultural environment","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"OMAHA, Neb., January 08, 2026--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its first quarter of fiscal 2026, which ended on November 30, 2025.","length":281,"tagName":"p"},{"type":"text","content":"Key Highlights:","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Improved Irrigation operating margin despite lower revenues in North America and international markets","length":102,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Increased Infrastructure revenues 17 percent on higher sales of road safety products","length":84,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Secured $80 million irrigation and technology project in the MENA region, subsequent to quarter-end","length":99,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Completed share repurchases of $30 million during the quarter","length":61,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":346,"olType":false},{"type":"text","content":""In the U.S., farmer sentiment continues to reflect trade uncertainty, lower commodity prices, and higher input costs, however, our team's diligent focus on price management, operational efficiencies, and cost management led to improved gross margin in our irrigation segment that muted the impact of softer demand" said Randy Wood, President and Chief Executive Officer. "Our international irrigation business continues to perform well in the current environment, with the lower quarterly revenue performance largely reflecting the impact of timing between project activity in the Middle East North Africa (MENA) region. In Brazil, elevated interest rates, credit availability, and slower loan approvals continue to constrain demand, resulting in lower order levels than expected. Increased road construction activity supported a good start to the fiscal year for our infrastructure business, which delivered a 17% improvement in sales while maintaining strong margins. During the quarter, we continued to fund growth investments in innovat...

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