Irrigation equipment maker Lindsay's Q4 revenue rises 5%, beats estimates
LNN•Lindsay's fiscal fourth-quarter revenue rose 5% to $161.6 million, above the $147.56 million analyst consensus, while EPS increased 11% to $1.10. The company expects $8 million in annualized savings from a global restructuring.
1. Quarterly results
Lindsay reported fiscal fourth-quarter revenue of $161.6 million, up 5% and above the $147.56 million analyst consensus. EPS rose 11% to $1.10, and operating income increased 39% to $15.8 million, supported by higher revenue and lower costs.
2. Outlook and restructuring
The company implemented a global restructuring to reduce its workforce and align costs with demand, which it expects to generate $8 million in annualized savings. It expects North American irrigation demand to remain tempered until commodity prices and farm income improve, and anticipates difficult year-over-year comparisons in international irrigation project markets in fiscal 2027. Lindsay sees sustained growth in road safety products and Road Zipper System leasing comparable to fiscal 2026.
