AI Earnings Predictions for Lindsay Corporation (LNN)

EX-99.1

2 lnn-ex99_1.htm

EX-99.1

EX-99.1

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Exhibit 99.1

18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836

Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2026 Results

OMAHA, Neb., October 22, 2026—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its fourth quarter and fiscal year, which ended on August 31, 2026.

Key Highlights

Fourth Quarter:

• North America irrigation revenues increased 11 percent

• International irrigation revenues were comparable to the prior year

• Infrastructure revenues increased 13 percent, with a third consecutive quarter of road safety products growth

• Operating income increased 39 percent to $15.8 million

Full-Year:

• North America irrigation revenues decreased 4 percent as challenging market conditions persisted

• Delivered approximately $70 million of the $80 million project in the Middle East North Africa region

• Infrastructure revenues decreased 13 percent, as a $20.0M Road Zipper project in the prior year did not repeat

• Returned $96.1 million to shareholders through $80.7 million of share repurchases and $15.4 million of dividends

“North America irrigation revenue and unit volume increased in the fourth quarter, supported by stronger commodity prices and improving farmer sentiment," said Randy Wood, President and Chief Executive Officer. "In the Middle East North Africa (MENA) region we completed delivery of approximately $70 million of the $80 million project that began in our fiscal second quarter. We expect to recognize the majority of the remaining $10 million in services revenue over the next 12 to 24 months. In Brazil, limited credit availability and low farmer profitability continued to pressure demand. We continue to be encouraged by the strong performance across our infrastructure business, which delivered double-digit percent revenue and operating income growth in the fourth quarter, supported by road safety products' third consecutive quarter of growth."

Mr. Wood continued, "I'm pleased with the dedication and resiliency of our global team as we continue to demonstrate strong execution despite a volatile macro-economic environment. During the quarter, we took additional actions to better align our cost structure with current market demand and support margins. In June, we implemented a global restructuring that reduced our workforce, which we expect to generate approximately $8.0 million of net annualized savings. We remain focused on strengthening our operating performance, while investing in opportunities that support sustainable, long-term shareholder value creation. In fiscal 2026, we returned $96.1 million to shareholders through share repurchases and dividends, while also funding the largest capital investment in our history at our Lindsay, Nebraska facility. During the year, we announced a new share repurchase authorization of $150.0 million, of which $100.0 million remained available at the end of the fiscal year."

Fourth Quarter Summary

Consolidated Financial Summary

Fourth Quarter

(dollars in millions, except per share amounts)

FY 2026

FY 2025

$ Change

% Change

Total revenues

$161.6

$153.6

$8.0

5%

Operating income

$15.8

$11.3

$4.5

39%

Operating margin

9.8%

7.4%

Net earnings

$11.3

$10.8

$0.5

4%

Earnings per share

$1.10

$0.99

$0.11

11%

Revenues for the fourth quarter of fiscal 2026 were $161.6 million, an increase of $8.0 million, or 5 percent, compared to revenues of $153.6 million in the prior year. North America irrigation revenues and infrastructure segment revenues were higher, while international irrigation revenues were comparable to the prior year.

Operating income for the fourth quarter of fiscal 2026 was $15.8 million, an increase of $4.5 million, or 39 percent, compared to operating income of $11.3 million in the prior year. Operating margin was 9.8 percent of sales, compared to

1

7.4 percent of sales in the prior year. The increase in operating income and operating margin resulted from higher revenues and lower operating expenses compared to the prior year.

Net earnings for the fourth quarter of fiscal 2026 were $11.3 million, an increase of $0.5 million, or 4 percent, compared with net earnings of $10.8 million in the prior year. Diluted earnings per share for the quarter of $1.10 reflected an increase of 11 percent compared with diluted earnings per share of $0.99 in the prior year. The year-over-year increase in net earnings resulted from higher operating income, which was partially offset by a higher effective tax rate and lower other income compared to the prior year.

Fourth Quarter Segment Results

Irrigation Segment

Fourth Quarter

(dollars in millions)

FY 2026

FY 2025

$ Change

% Change

Revenues:

North America

$55.4

$50.0

$5.4

11%

International

$78.3

$79.0

($0.6)

(1%)

Total revenues

$133.7

$129.0

$4.7

4%

Operating

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