Lindsay reported second-quarter CY2026 revenue of $160.8 million, a 5.1% decline year on year and below analyst estimates of $169.5 million. GAAP earnings per share came in at $1.53, beating the consensus estimate of $1.21 by 26.7%. Operating margin fell to 11.5% from 14% a year earlier, and free cash flow turned negative at minus $1.39 million compared with positive $25.66 million in the prior-year quarter. CEO Randy Wood noted that deliveries for a large irrigation project in the Middle East North Africa region remain on schedule despite geopolitical challenges.
Lindsay CorporationRevenue miss and declining operating margin, though EPS beat partially offsets.