Lindsay Corporation (LNN) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Lindsay Corporation Fiscal Third Quarter 2026 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then 2. Please note, this event is being recorded. I would now like to turn the conference over to Randy Wood, President and CEO. Please go ahead. Thank you and good morning everyone. Welcome to our fiscal 2026 third quarter earnings call. With me today is Sam Henriksen, our Chief Financial Officer. Starting with our third quarter results. I'm proud of our team's continued execution and resilience through what's been a difficult environment amid a cyclical bottom in agricultural markets. Trade uncertainty, high input costs, and weak farmer sentiment continue to weigh on our business. We remained focused on the levers within our control including pricing, cost management, and operational efficiency while continuing to invest strategically to position the business for long-term growth. In North America, our irrigation customers continue to delay large capital purchases given current farm economics, which resulted in lower unit sales volumes in the quarter. Demand remains soft, consistent with our expectations. While commodity prices showed some improvement and government support programs have provided modest relief to growers, neither has significantly impacted demand. In our international business, revenues were down slightly year over year, Driven by lower sales volumes in Brazil due to the high interest rate environment an...