Lindsay Corporation Reports Fiscal 2026 Second Quarter Results

About this update from Lindsay Corporation

[{"type":"text","content":"International irrigation project in the Middle East North Africa (MENA) region remains on schedule","length":98,"tagName":"p","attribs":{}},{"type":"text","content":"OMAHA, Neb., April 02, 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 second quarter of fiscal 2026, which ended on February 28, 2026.","length":280,"tagName":"p"},{"type":"text","content":"Key Highlights:","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Deliveries began for the $80.0 million irrigation and technology project in the MENA region","length":91,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Irrigation revenues decreased 5 percent as market uncertainty persists","length":70,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Continued growth in road safety products with Infrastructure revenue up 6 percent, excluding Road Zipper System™ project that was included in the prior year","length":156,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Completed $25.2 million of share repurchases during the quarter, bringing total repurchases to $55.5 million for the fiscal year","length":128,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":445,"olType":false},{"type":"text","content":""During the quarter we began shipping the large project in the Middle East North Africa (MENA) region. While this project remains on schedule, we are exercising caution and prioritizing the safety of our teams in the region," said Randy Wood, President and Chief Executive Officer. "Solid execution of this project is helping to support revenue performance as U.S. market conditions continue to put pressure on commodity prices and constrain demand for irrigation equipment. Credit availability constraints and persistently high interest rates continue to suppress demand in Brazil, resulting in lower order levels this quarter. Excluding the $20 million Road Zipper System project in the prior year, which was not expected to repeat, our infrastructure business increased 6 percent. This growth was driven by a sustained increase in road construction activity supporting increased sales of road safety products. We continued executing...

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