24/7 Wall Street·Jun 24, 2026
Goldman's Lindsay Rosner Says There's a ‘Decent Chance' the Fed Hikes Rates in JulyLindsay Rosner, who runs multi-sector fixed income at Goldman Sachs Asset Management, went on CNBC this morning to translate
Lindsay Corporation(LNN)Earnings, Financials & Key Ratios
LNN•NYSE
$115.24
17.0× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryAgricultural MachinerySub-IndustryIrrigation and Controlled-Environment Systems
AboutLindsay 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 Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. It also offers repair and replacement parts for its irrigation systems and controls; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling, and smartphone applications; and industrial Internet of Things technology solutions, data acquisition and management systems, and custom electronic equipment for applications under the Elecsys brand. The Infrastructure segment provides Quickchange moveable barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs; and re-directive and non-re-directive crash cushions, which are used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards. It also offers specialty barrier products; road marking and road safety equipment; and railroad signals and structures, and diameter steel tubing products, as well as outsourced manufacturing and production services for other companies. The company serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.Show more
- Revenue$676M+11.4%
- EBITDA$109M+15.6%
- Net Income$74M+11.8%
- EPS (Diluted)6.78+12.8%
- Gross Margin31.16%-1.0%
- EBITDA Margin16.12%+3.8%
- Operating Margin13.03%+3.2%
- Net Margin10.95%+0.3%
- ROE14.61%+3.3%
LNN Price & Volume
Lindsay Corporation (LNN) stock price & volume — 10-year historical chart
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Cyclical Revenue Contraction Pressures Operating Margin Efficiency
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Contracting
Profitability:Strained
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Cyclical Agricultural Demand Exposure
Key Thesis Takeaways
- Lindsay Corporation faces significant headwinds as top-line revenue contracted by 15.7% in 2026Q2, reflecting a cooling agricultural equipment market that continues to weigh on profitability.
- While the company maintains a fortress balance sheet with a 0.27 debt-to-equity ratio, the lack of operating leverage—evidenced by an 8.3% operating margin—suggests that current infrastructure projects are insufficient to offset irrigation segment volatility.
- Investors should monitor whether the recent increase in capital expenditure to 8.2% of revenue can drive future efficiency or if it will further compress returns on invested capital.
Verdict Logic
while the company's 0.27 debt-to-equity ratio provides significant downside protection, the 52.9% year-over-year decline in 2026Q2 EPS suggests that the current cyclical downturn in the agricultural sector may persist.
LNN Growth Metrics
Lindsay Corporation (LNN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.9%
5 Years7.34%
3 Years-4.26%
TTM-7.37%
Profit CAGR
10 Years10.9%
5 Years13.9%
3 Years4.19%
TTM-27.34%
EPS CAGR
10 Years11.81%
5 Years13.75%
3 Years4.51%
TTM-25.14%
Return on Capital
10 Years11.32%
5 Years14.48%
3 Years14.39%
Last Year13.24%
LNN Recent Earnings
Lindsay Corporation (LNN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 5/12 qtrs (42%)
Q3 2026Latest
Jul 2, 2026Metric
Actual
Est
EPS
$1.53+34.2%
$1.14
Rev
$161M+1.9%
$158M
Q2 2026
Apr 2, 2026Metric
Actual
Est
EPS
$1.15-32.0%
$1.69
Rev
$158M-8.0%
$171M
Q1 2026
Jan 8, 2026Metric
Actual
Est
EPS
$1.54+5.5%
$1.46
Rev
$156M-6.6%
$167M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.99-13.2%
$1.14
Rev
$154M-2.1%
$157M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jul 2, 2026 | $1.53vs $1.14+34.2% | $161Mvs $158M+1.9% |
| Q2 2026 | Apr 2, 2026 | $1.15vs $1.69-32.0% | $158Mvs $171M-8.0% |
| Q1 2026 | Jan 8, 2026 | $1.54vs $1.46+5.5% | $156Mvs $167M-6.6% |
| Q4 2025 | Oct 23, 2025 | $0.99vs $1.14-13.2% | $154Mvs $157M-2.1% |
Based on last 12 quarters of dataView full earnings history →
Latest LNN News
Recent stock market news and headlines for Lindsay Corporation (LNN)
Business Wire·Jun 18, 2026
Lindsay Corporation Announces Third Quarter Fiscal 2026 Earnings Conference Call and WebcastOMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it plans to release financial results for its fiscal 2026 third quarter ended May 31, 2026 before the market opens on Thursday, July 2, 2026. Management, including Randy Wood, President and Chief Executive Officer, and Sam Hinrichsen, Senior Vice President and Chief Financial Officer, will host a conference call t.
Peers Comparison
Key metrics vs top competitors for Lindsay Corporation (LNN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $115.24 | $1.2B | 17.00 | 11.41% | 10.95% | 14.61% | 1.25% | |
| $84.44 | $3.74B | 12.97 | -3.02% | 12.32% | 17.22% | — | |
| $539.51 | $10.47B | 32.13 | 0.71% | 8.28% | 20.86% | — | |
| $109.94 | $9.01B | 85.22 | 20.11% | 7.3% | 13.4% | — | |
| $113.75 | $8.24B | 11.67 | -13.55% | 7.43% | 16.73% | — | |
| $603.61 | $162.94B | 32.63 | -11.59% | 10.21% | 18.21% | — |
Compare LNN vs Peers
Lindsay Corporation (LNN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LNN SEC Filings & Documents
Lindsay Corporation (LNN) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jul 2, 2026·SEC
Material company update
Apr 2, 2026·SEC
Material company update
Jan 12, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
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LNN Frequently Asked Questions
Lindsay Corporation (LNN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Lindsay Corporation's revenue?
Lindsay Corporation (LNN) reported $627.9M in revenue for fiscal year 2025. This represents a 361% increase from $136.2M in 1996.
How fast is Lindsay Corporation growing?
Lindsay Corporation (LNN) grew revenue by 11.4% over the past year. This is steady growth.
Is LNN profitable?
Yes, Lindsay Corporation (LNN) is profitable, generating $55.2M in net income for fiscal year 2025 (10.9% net margin).
Dividend & Returns
Does LNN pay dividends?
Yes, Lindsay Corporation (LNN) pays a dividend with a yield of 1.25%. This makes it attractive for income-focused investors.
What is LNN's return on equity?
Lindsay Corporation (LNN) has a return on equity (ROE) of 14.6%. This is reasonable for most industries.
What is Lindsay Corporation's free cash flow?
Lindsay Corporation (LNN) generated $44.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.