Lindsay Corporation (LNN) Earnings Call Transcripts

Lindsay Corporation's Latest Earnings Call - Q2 FY2026

In the fiscal second quarter of 2026, Lindsay Corporation reported total revenues of $157.7 million, down 16% year-over-year, primarily due to lower sales volumes in both the irrigation and infrastructure segments. Net earnings fell to $12.0 million, or $1.15 per diluted share, reflecting a significant decline from $26.6 million, or $2.44 per diluted share, in the prior year. Management maintained a cautious outlook, signaling that softer market conditions in North America are expected to persist, while international markets, particularly in Brazil and the MENA region, present long-term growth opportunities despite short-term challenges.

Reported metrics

Guidance from management

Management expects softer market conditions to persist in North America and does not anticipate a meaningful market recovery until the new crop plan is released in July. They remain optimistic about long-term growth in international markets, particularly Brazil.

What management said

Sure, Nathan. So if you think about the volume drop, particularly North America year-over-year, coming from an even lower base from last year, that will continue to drive fixed cost deleverage. So that's the main driver of that margin compression. Regional mix was slightly unfavorable due to the fact that we ship more internationally. But I would also just say the margin pressure from the overall competitive environm...

I would say, yes, we certainly have a walkaway plan on anything, Ryan, whether it's a project sale or just a retail sale. But I think there's always two parts of the equation. I think pricing year-over-year was favorable, but you have to factor cost into it as well. And cost, in our view, exceeded the pricing opportunities we were able to get in the market, and that's resulting in the margin compression that you're s...

What analysts pressed on

Analysts expressed concerns regarding margin compression and the competitive pricing environment in irrigation. There were also questions about the impact of the ongoing conflict in the MENA region on project timelines and potential delays in contract awards.

Main topics on the call

• Revenue Decline — Total revenues decreased by 16% year-over-year, from $187.1 million to $157.7 million, driven by lower sales volumes in both segments. Management noted, "Demand remained soft, consistent with what we outlined last quarte...
• Margin Compression — Operating income fell to $13 million, with an operating margin of 8.3%, down from 17.2% in the prior year. This decline was attributed to lower revenues and fixed cost deleverage, as stated by management, "the main drive...
• International Growth Opportunities — Management expressed optimism about long-term growth in international markets, particularly in regions focused on food security. They stated, "We remain optimistic in Brazil and continue to see a compelling long-term sec...
• Infrastructure Segment Performance — The infrastructure segment's revenues were $16.5 million, a significant drop from $38.9 million the previous year, primarily due to the absence of a $20 million Road Zipper project. However, excluding this project, reven...

Read the full Lindsay Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Lindsay Corporation earnings call transcripts on record, spanning January 7, 2020 to July 2, 2026. Based on this history, Lindsay Corporation reports quarterly. The most recent call on file is dated July 2, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LNN

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Machinery

Calls on record

30

First call

January 7, 2020

Most recent

July 2, 2026

Reporting cadence

quarterly