Lindsay Corp. (LNN)
NYSE:LNN
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Lindsay
(NYSE:LNN)
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Rating:61Neutral
Price Target:
$109.00
▲(0.66% Upside)
Action:ReiteratedDate:04/07/26
The score is held up by strong underlying profitability and a conservatively levered balance sheet, but it is weighed down by very weak technicals (price below all key moving averages with negative momentum) and a cautious near-term outlook from the latest earnings call amid revenue and margin pressure. A relatively high P/E and modest yield further limit valuation support.
Positive Factors
Strong profitability margins
Sustained mid-30s gross margins and double-digit EBIT/net margins indicate durable pricing power and manufacturing efficiency across cycles. These margins support internal investment, steady free cash flow generation, and capacity to withstand periodic volume weakness without immediate solvency strain.
Negative Factors
Choppy revenue trends
Volatile top-line performance reduces predictability of operating leverage and capital allocation. Fluctuating irrigation and infrastructure orders complicate planning, can worsen fixed-cost deleverage in downturns, and make multi-quarter earnings and cash flow guidance less reliable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability margins
Sustained mid-30s gross margins and double-digit EBIT/net margins indicate durable pricing power and manufacturing efficiency across cycles. These margins support internal investment, steady free cash flow generation, and capacity to withstand periodic volume weakness without immediate solvency strain.
Read all positive factors
Lindsay (LNN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.16B
Dividend Yield1.24%
Average Volume (3M)137.49K
Price to Earnings (P/E)29.5
Beta (1Y)0.68
Revenue Growth-1.70%
EPS Growth-22.14%
CountryUS
Employees1,280
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)1.15
Shares Outstanding10,395,655
10 Day Avg. Volume158,542
30 Day Avg. Volume137,494
Financial Highlights & Ratios
PEG Ratio1.56
Price to Book (P/B)2.80
Price to Sales (P/S)2.20
P/FCF Ratio16.48
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue1.73
Enterprise Value/Gross Profit5.77
Enterprise Value/Ebitda12.23
Forecast
1Y Price Target
$113.00Price Target Upside4.35% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)5.36
Revenue Forecast (FY)$635.86M
Lindsay Business Overview & Revenue Model
Company Description
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates in two segments, Irrigation and Infrastructure. The Irrigat...
How the Company Makes Money
Lindsay makes money primarily by selling equipment and related solutions across two main segments. (1) Irrigation: The company generates revenue from the sale of mechanized irrigation systems (notably center-pivot and lateral move systems) and ass...
Lindsay Earnings Call Summary
Earnings Call Date:Apr 02, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Jun 25, 2026
Earnings Call Sentiment Negative
The quarter showed meaningful operational and financial headwinds with a 16% revenue decline, steep reductions in operating income and net earnings, and margin compression across segments. Offsetting positives include a strong liquidity position ($236.1M), $25M of share buybacks, continued progress on a large MENA project (on schedule), new product introductions and a 6% revenue gain in infrastructure excluding the prior-year Road Zipper project, and continued long-term confidence in international markets and ongoing capital investments (Nebraska tube mill online; galvanizing facility due early FY2027). Given the magnitude of the near-term declines in revenue, profitability and margins versus the positive strategic and liquidity developments, the overall tone is cautious with significant near-term challenges.Positive Updates
Strong Liquidity Position
Total available liquidity of $236.1M at quarter-end, including $186.1M in cash and $50M available under the revolving credit facility, supporting capital allocation and operations.
Negative Updates
Decline in Consolidated Revenue
Total revenues fell to $157.7M, a 16% decrease compared to $187.1M in the prior year, driven by lower sales in both segments.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Liquidity Position
Total available liquidity of $236.1M at quarter-end, including $186.1M in cash and $50M available under the revolving credit facility, supporting capital allocation and operations.
Read all positive updates
Company Guidance
Management guided that near‑term market conditions should remain soft in North America and Brazil until greater clarity emerges—notably the Brazil crop plan expected in July—and that no meaningful recovery is expected before then; the large MENA irrigation project is on schedule and will be delivered across Q3–Q4 provided the regional conflict resolves in the coming weeks (management cited a short‑term 3–6 week window of risk, with longer disruption possible if the conflict is prolonged). For context and balance‑sheet flexibility, available liquidity stands at $236.1 million (including $186.1M cash and $50M revolver) and the company completed $25M of share repurchases this quarter; Q2 results underpinning the outlook were $157.7M revenue (‑16% YoY from $187.1M), $13.0M operating income (8.3% margin vs 17.2% prior), $12.0M net earnings or $1.15 diluted EPS (vs $26.6M/$2.44), irrigation revenue $141.2M (‑5% YoY; North America $71M, ‑8%; international $70.2M), infrastructure revenue $16.5M (prior period included a $20M Road Zipper; infrastructure ex‑Road Zipper +6%), and management reiterated focus on pricing, cost management and operational efficiency while the new Nebraska galvanizing facility is on track to come online in early FY2027 (tube mill already operational).Lindsay Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 636.56M | 676.37M | 607.07M | 674.08M | 770.74M | 567.65M |
| Gross Profit | 190.78M | 210.78M | 191.06M | 213.01M | 199.18M | 150.21M |
| EBITDA | 89.95M | 117.31M | 99.98M | 123.44M | 107.64M | 74.31M |
| Net Income | 58.88M | 74.05M | 66.26M | 72.38M | 65.47M | 42.57M |
Balance Sheet | ||||||
| Total Assets | 837.68M | 840.84M | 760.23M | 745.66M | 710.65M | 637.18M |
| Cash, Cash Equivalents and Short-Term Investments | 186.11M | 250.57M | 190.88M | 166.31M | 116.51M | 146.71M |
| Total Debt | 138.58M | 136.51M | 134.39M | 136.11M | 138.53M | 138.02M |
| Total Liabilities | 329.92M | 307.99M | 279.34M | 290.01M | 317.30M | 298.74M |
| Stockholders Equity | 507.76M | 532.85M | 480.89M | 455.65M | 393.36M | 338.44M |
Cash Flow | ||||||
| Free Cash Flow | 71.96M | 90.41M | 66.78M | 100.93M | -12.55M | 17.46M |
| Operating Cash Flow | 123.00M | 132.91M | 95.76M | 119.71M | 3.05M | 43.97M |
| Investing Cash Flow | -38.04M | -48.57M | -25.94M | -47.42M | -8.95M | -27.62M |
| Financing Cash Flow | -80.47M | -26.85M | -38.64M | -17.30M | -12.69M | -11.66M |
Lindsay Technical Analysis
Negative
108.29
Price Trends
123.43
Negative
122.30
Negative
126.98
Negative
Market Momentum
-4.14
Negative
39.10
Neutral
53.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNN, the sentiment is Negative. The current price of 108.29 is below the 20-day moving average (MA) of 112.76, below the 50-day MA of 123.43, and below the 200-day MA of 126.98, indicating a bearish trend. The MACD of -4.14 indicates Negative momentum. The RSI at 39.10 is Neutral, neither overbought nor oversold. The STOCH value of 53.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LNN.
Lindsay Risk Analysis
Lindsay disclosed 15 risk factors in its most recent earnings report. Lindsay reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
The Company's revenues can be highly dependent on a limited number of key customers and projects. Q3, 2025
Lindsay Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $1.49B | 25.56 | 5.79% | 1.14% | 8.07% | 802.18% | |
66 Neutral | $7.07B | ― | 11.16% | 1.24% | 17.03% | -43.69% | |
65 Neutral | $159.33B | 54.83 | 18.93% | 1.34% | -2.66% | -21.47% | |
64 Neutral | $2.11B | 19.44 | 9.32% | 0.69% | -1.52% | -10.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $8.76B | 10.68 | 17.36% | 1.10% | -13.55% | ― | |
61 Neutral | $1.16B | 29.53 | 11.28% | 1.24% | -1.70% | -22.14% |
* Industrials Sector Average
LNN
Lindsay
111.67
-18.98
-14.53%
AGCO
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118.51
23.58
24.84%
ALG
Alamo Group
171.35
-1.52
-0.88%
ASTE
Astec
64.16
26.45
70.13%
DE
Deere
577.26
102.15
21.50%
TEX
Terex
61.87
21.92
54.88%
Lindsay Corporate Events
Executive/Board ChangesShareholder Meetings
Lindsay Appoints New Chief Accounting Officer, Reports Strong Vote
Positive
Jan 12, 2026
On January 6, 2026, Lindsay Corporation appointed long-time finance executive Brett R. Coburn, 34, as vice president and chief accounting officer, formalizing his rise through the company’s accounting ranks since he joined in 2019 and bringi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.