Lindsay Corporation, a global manufacturer of irrigation and infrastructure equipment, announced its fiscal 2026 first quarter results.
The company reported solid margins despite lower revenues in a challenging agricultural environment.
Key highlights include improved irrigation operating margins and increased infrastructure revenues.
Revenue Performance
Total revenues for the first quarter of fiscal 2026 were $155.8 million, marking a 6% decrease from the previous year.
Operational Results
Operational income for the quarter was $19.6 million, with net earnings at $16.5 million.
Segment Analysis
Irrigation segment revenues decreased by 9% in FY2026 compared to FY2025, while infrastructure segment revenues increased by 17%.
- Lindsay Corporation faced challenges in the agriculture sector due to trade uncertainty and lower commodity prices, leading to softer demand in some regions.
- The company's focus on operational efficiencies and cost management helped improve gross margins despite the market challenges.
With a strategic focus on innovation and operational excellence, Lindsay Corporation navigated the first quarter of fiscal 2026 successfully, demonstrating resilience and adaptability in a changing market landscape.