Lindsay Corporation (NYSE:LNN) delivered a strong fiscal third-quarter performance, driven by exceptional growth in its international irrigation segment, particularly in the MENA and South American regions. The company comfortably outpaced both earnings and revenue estimates, signaling renewed momentum in global agricultural infrastructure investment.
Key Q3 Highlights
-
Adjusted EPS: $1.78 vs. $1.41 expected
-
Revenue: $169.5 million vs. $157.87 million expected
-
Revenue YoY growth: +22%
Lindsay’s stock edged 1.97% higher in pre-market trading following the upbeat earnings release.
International Irrigation Leads the Surge
-
International Irrigation Revenue: $74.7M (+60% YoY)
-
North America Irrigation Revenue: $69.1M (+1% YoY)
-
Infrastructure Segment Revenue: $25.7M (+6% YoY)
The standout international performance was largely attributed to:
-
A major project rollout in the Middle East and North Africa (MENA) region
-
Higher volumes across Brazil and South America
CEO Randy Wood highlighted these results as proof of Lindsay’s strategic execution:
“Continued strength in our international irrigation business, supported by ongoing project revenues in the MENA region, led to strong irrigation revenue growth for the quarter.”
Operating Snapshot
-
Operating Income: $23.8 million (+19%)
-
Net Earnings: $19.5 million (−4% YoY, impacted by prior-year tax credit)
While earnings dipped marginally due to one-time items, operational strength remains clear, with margin expansion and robust order activity.
Relevant APIs for In-Depth Financial Analysis
1. Earnings Historical API
Use this API to:
-
Track historical EPS vs. estimates
-
Understand quarterly performance trends
-
Compare margins across irrigation cycles
Perfect for institutional investors monitoring seasonal agricultural capex cycles.
2. Revenue Product Segmentation API
Gain granular insights into:
-
Region-wise and segment-wise revenue shifts
-
Contribution of MENA vs. Brazil vs. U.S. markets
-
Infrastructure vs. irrigation revenue distribution
This is essential for analyzing Lindsay’s global project pipeline and exposure to emerging markets.
Outlook: Drought-Led Upside?
CEO Randy Wood noted that developing drought conditions in the U.S. Midwest may boost short-term demand for irrigation replacement parts. Meanwhile, international project visibility remains high, especially in food-insecure regions.
With agriculture increasingly at the center of climate resilience strategies, Lindsay is well-positioned to capitalize on the global push for water-efficient farming.
