Lindsay Corporation reported fourth quarter 2026 revenue of $161.6 million, an increase of 5% compared to the prior year. While full-year revenues and earnings declined relative to fiscal 2025 due to challenging conditions in Brazil and the timing of infrastructure projects, the fourth quarter showed resilience with expanded operating margins and volume growth in domestic irrigation.
Key Highlights
- North America irrigation revenues grew 11% to $55.4 million in the fourth quarter, primarily driven by higher unit sales volumes.
- Infrastructure segment revenues increased 13% to $27.8 million, supported by the third consecutive quarter of growth in road safety products.
- Consolidated operating margin improved to 9.8% in the fourth quarter from 7.4% in the prior year, benefiting from higher revenues and lower operating expenses.
- Full-year fiscal 2026 backlog stood at $102.5 million, down from $110.7 million in 2025, largely due to the completion of major irrigation projects in the MENA region.
- The company returned $96.1 million to shareholders during the fiscal year through $80.7 million in share repurchases and $15.4 million in dividends.