LNN

Deere & Company DE has reported third-quarter fiscal 2026 earnings of $5.10 per share, rising 7.4% year over year and beating the Zacks Consensus Estimate of $4.79 by 6.47%. Strength in Construction & Forestry and Small Agriculture & Turf offset weakness in Production & Precision Agriculture.Net sales from Deere’s equipment operations were $11 billion in third-quarter fiscal 2026, up 6.2% from the year-ago quarter’s $10.36 billion, reflecting strength in Small Agriculture & Turf and Construction & Forestry despite weakness in Production & Precision Agriculture. The top line beat the Zacks Consensus Estimate of $10.81 billion.Total net sales (including Financial Services and other income) rose 5% year over year to $12.61 billion. Top-line growth was supported by higher shipment volumes and favorable price realization in Small Agriculture & Turf and Construction & Forestry, partly offset by lower shipment volumes in Production & Precision Agriculture. Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote The cost of sales in the reported quarter increased 4.9% from the prior-year quarter to $7.94 billion. Total gross profit rose 9.8% year over year to $3.06 billion. Selling, administrative and general expenses (SA&G) were flat at $1.22 billion.Total operating profit (including Financial Services) increased 18% year over year to $1.86 billion in the fiscal third quarter. The Production & Precision Agriculture segment’s net sales declined 6% year over year to around $4 billion due to lower shipment volumes, partially offset by favorable price realization and foreign currency translation. Segment operating profit fell 9% from the year-ago quarter to $527 million, reflecting lower shipment volumes and sales mix, and higher production costs, partially offset by favorable price realization and foreign currency exchange.Small Agriculture & Turf net sales increased 12% year over year to $3.38 billion on higher shipment volumes and favorable price realization. Operating profit rose 28% year over year to $622 million, driven mainly by higher shipment volumes and sales mix, and favorable price realization, partially offset by higher production costs.Construction & Forestry net sales were $3.62 billion, up 18% year over year, primarily on higher shipment volumes and favorable price realization. Operating profit surged 84% year over year to $436 million, aided mainly by favorable price realization, partially offset by higher selling, administrative, general and R&D costs.Sales in Deere’s Financial Services division were $1.37 billion in the quarter, down 3% year over year. The segment’s operating profit increased 2% year over year to $271 million. Net income for Financial Services climbed 7% year over year to $219 million in the fiscal third quarter due to favorable financing spreads, partially offset by a lower average portfolio. Cash and cash equivalents totaled $8.93 billion as of Aug. 2, 2026, up from $8.28 billion at the end of fiscal 2025. Net cash provided by operating activities was $3.25 billion for the first nine months compared with $3.46 billion a year earlier. Deere also repurchased $697 million of common stock and paid out $1.32 billion in dividends. Deere raised its fiscal 2026 net income forecast to $4.75-$5 billion from the $4.5-$5 billion mentioned earlier. Equipment Operations net operating cash flow is expected to be $5-$5.50 billion, while capital expenditure is projected to be $1.30 billion and the effective tax rate is expected to be 24-26%.The company continues to view 2026 as the bottom of the current agriculture equipment cycle. Early order program trends, improving used-equipment inventories and increased customer adoption of advanced technologies underpin its confidence in the company's longer-term positioning. Shares of the company have gained 19.3% in the past year compared with the industry’s 15.2% growth. Image Source: Zacks Investment Research The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Lindsay Corporation LNN reported third-quarter fiscal 2026 earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.41 by 8.5%. The bottom line declined 14% year over year.Lindsay’s sales totaled $160.8 million, down 5% year over year. The top line missed the Zacks Consensus Estimate of $169 million by 5.15%. Irrigation softness outweighed infrastructure growth. The quarter reflected persistent demand challenges in North America and Brazil.CNH Industrial N.V. CNH reported second-quarter 2026 adjusted EPS of 13 cents, which declined from 17 cents in the prior-year quarter. The figure, however, surpassed the Zacks Consensus Estimate of 11 cents.In the second quarter, CNH Industrial’s net sales grew 2% from the year-ago level to $4.80 billion and topped the Zacks Consensus Estimate of $4.76 billion.AGCO Corp. AGCO delivered adjusted earnings per share of $1.43 in second-quarter 2026, missing the Zacks Consensus Estimate of $1.54 by 7.14%. AGCO Corp posted adjusted EPS of $1.35 in the year-ago quarter. Net sales declined 1% year over year to $2.61 billion and missed the consensus estimate of $2.73 billion. Excluding the favorable currency-translation impacts of 2.7%, net sales fell 3.7% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Lindsay Corporation (LNN) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Deere & Company DE is scheduled to report third-quarter fiscal 2026 results on Aug. 20 before the opening bell.The Zacks Consensus Estimate for Deere’s earnings has moved north over the past 60 days to $4.79 per share. The consensus mark implies a 0.8% rise from the year-ago actual. The consensus estimate for revenues is pegged at $10.78 billion, indicating a 4.1% year-over-year increase. Image Source: Zacks Investment Research Deere’s earnings beat the Zacks Consensus Estimates in three of the trailing four quarters and missed in one, the average surprise being 10.2%. Image Source: Zacks Investment Research Our model does not predict an earnings beat for DE this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here.Earnings ESP: The Earnings ESP for Deere is -1.14%. You can uncover the best stocks before they are reported with our Earnings ESP Filter. Zacks Rank: Deere currently has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here. Deere has been facing challenges due to weak farmer spending amid low commodity prices. In the wake of challenging conditions in the global agricultural and construction sectors, DE has been aligning its production with demand levels.This is likely to have weighed on the company’s fiscal third-quarter performance. High production expenses are also expected to have impacted the company’s margin in the quarter.Nevertheless, favorable price realization is expected to have negated some of these headwinds, as seen in the fiscal second quarter. The Zacks Consensus Estimate for the Production & Precision Agriculture segment’s revenues is pegged at $3.94 billion for the fiscal third quarter, suggesting a year-over-year decrease of 7.9%. Gains from price realization are likely to have been offset by escalated production expenses and lower shipment volumes. The Zacks Consensus Estimate for the segment’s operating profit is pegged at $491 million, indicating a 15.3% decrease from the prior-year quarter’s reported figure.The consensus estimate for the Small Agriculture & Turf segment’s revenues is pegged at $3.39 billion for the fiscal third quarter, implying a 12% increase from the prior-year quarter’s actual. The segment’s operating profit is estimated at $495 million, suggesting 2% year-over-year growth.The Construction & Forestry segment’s sales are pegged at $3.57 billion for the fiscal third quarter, implying a 16.9% rise from the prior-year quarter’s reported number. The segment’s operating profit is pegged at $424 million, whereas it reported $237 million in the prior year.The estimate for the Financial Services segment’s revenues is pegged at $1.61 billion for the fiscal third quarter, indicating a 4.1% rise from the year-ago quarter’s actual. The projection for the segment’s operating profit is $271 million. The segment reported operating profit of $266 million in the prior-year quarter. Shares of the company have gained 23.7% in the past year compared with the industry’s 19.5% growth. Image Source: Zacks Investment Research Lindsay Corporation LNN reported third-quarter fiscal 2026 earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.41 by 8.5%. The bottom line declined 14% year over year.Lindsay’s sales totaled $160.8 million, down 5% year over year. The top line missed the Zacks Consensus Estimate of $169 million by 5.15%. Irrigation softness outweighed infrastructure growth. The quarter reflected persistent demand challenges in North America and Brazil.CNH Industrial N.V. CNH reported second-quarter 2026 adjusted EPS of 13 cents, which declined from 17 cents in the prior-year quarter. The figure, however, surpassed the Zacks Consensus Estimate of 11 cents.In the second quarter, CNH Industrial’s net sales grew 2% from the year-ago level to $4.80 billion and topped the Zacks Consensus Estimate of $4.76 billion.AGCO Corp. AGCO delivered adjusted earnings per share of $1.43 in second-quarter 2026, missing the Zacks Consensus Estimate of $1.54 by 7.14%. AGCO Corp posted adjusted EPS of $1.35 in the year-ago quarter. Net sales declined 1% year over year to $2.61 billion and missed the consensus estimate of $2.73 billion. Excluding the favorable currency-translation impacts of 2.7%, net sales fell 3.7% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Lindsay Corporation (LNN) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Shares of AGCO Corp. AGCO have dipped 11% since missing its top- and bottom-line estimates on July 30. The company delivered adjusted earnings per share (EPS) of $1.43 in second-quarter 2026, missing the Zacks Consensus Estimate of $1.54 by 7.14%. The company posted adjusted EPS of $1.35 in the year-ago quarter. Including one-time items, AGCO posted an EPS of $1.08 compared with the year-ago quarter’s $4.22.Net sales declined 1% year over year to $2.61 billion and missed the consensus estimate of $2.73 billion. Excluding the favorable currency-translation impacts of 2.7%, net sales fell 3.7% year over year. AGCO Corporation price-consensus-eps-surprise-chart | AGCO Corporation Quote Gross profit decreased 1.9% year over year to $646 million. The gross margin contracted 30 basis points to 24.7%, as lower production volumes and higher input costs offset pricing and cost-management benefits.Selling, general and administrative expenses were $336 million compared with the year-ago quarter’s $326 million. Adjusted operating income fell 21.1% to $172 million. The adjusted operating margin declined 170 basis points to 6.6% due to weaker sales and factory absorption in Latin America, along with tariff-related costs. Sales in the North America segment increased 19.7% year over year to $471.5 million in the second quarter. Higher unit sales, particularly for high-horsepower tractors and hay tools, supported the top line. The reported figure missed our estimate of $439 million. The segment reported an operating loss of $24.5 million compared with the prior-year quarter’s operating loss of $25.2 million. Our projection for the segment’s operating loss was $34.6 million.Sales in the Latin America segment decreased 17.9% year over year to $271 million. We expected the segment’s net sales to be $218.5 million. The segment reported an operating loss of $21.8 million against the prior-year quarter’s operating income of $26.9 million. Our estimate for the segment's operating loss was $6.2 million. The downside was led by softer industry demand, lower sales and production volumes, and higher engineering expenses.The EME (Europe/Middle East) segment’s sales decreased 2.4% year over year to $1.73 billion. The reported figure missed our estimate of $1.91 billion. The segment’s operating income was $260.2 million compared with $261.3 million in the year-ago quarter. Our estimate for the segment's operating income was $7.5 million. Sales declines across most European markets were partly offset by growth in Germany and the U.K. Cost-optimization efforts and positive pricing supported the operating performance. We predicted EME’s operating income to be $301 million.Sales in the Asia/Pacific/Africa segment edged down 1% year over year to $134.5 million. We expected the segment’s sales to be $144 million. The segment reported an operating income of $10.3 million compared with the prior-year quarter’s $9.4 million. Lower sales across several Asian and African markets were partly offset by higher sales in Australia. Our projection for the segment’s operating profit was $6.1 million. AGCO Corp ended June with cash and cash equivalents of $573 million, down from $862 million at the end of 2025. Inventories increased to $3.01 billion from $2.71 billion, reflecting the seasonal working-capital build and higher first-half production.Net cash used in operating activities totaled $245 million in the first six months of 2026 against a cash inflow of $153.5 million in the year-ago period. The company completed $345 million in share repurchases during the quarter and maintained its quarterly dividend of 30 cents per share. Due to the weaker-than-expected industry conditions, the company lowered its 2026 outlook. It expects adjusted earnings of $5.50-$5.75 per share compared with the prior stated $6. AGCO expects 2026 net sales between $10.1 billion and $10.2 billion, while the adjusted operating margin is expected to be 7.5%.Capital expenditure is forecast between $300 million and $325 million. The company targets a free cash flow conversion of 75-100% of adjusted net income. For the third quarter, AGCO projects sales of $2.3-$2.4 billion and adjusted earnings of 85-90 cents per share. AGCO Corp currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The company’s shares have lost 8.4% in the past year against the industry’s growth of 16.5%. Image Source: Zacks Investment Research Lindsay Corporation LNN reported third-quarter fiscal 2026 earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.41 by 8.5%. The bottom line declined 14% year over year.Lindsay’s sales totaled $160.8 million, down 5% year over year. The top line missed the Zacks Consensus Estimate of $169 million by 5.15%. Irrigation softness outweighed infrastructure growth. The quarter reflected persistent demand challenges in North America and Brazil.CNH Industrial N.V. CNH reported second-quarter 2026 adjusted EPS of 13 cents, which declined from 17 cents in the prior-year quarter. The figure, however, surpassed the Zacks Consensus Estimate of 11 cents.In the second quarter, CNH Industrial’s net sales grew 2% from the year-ago level to $4.80 billion and topped the Zacks Consensus Estimate of $4.76 billion. Deere & Company DE is expected to release third-quarter fiscal 2026 results on Aug. 20.The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $4.85 for the fiscal third quarter, implying growth of 2.1% from the year-ago reported figure. The consensus estimate for Deere’s total sales is pinned at $10.8 billion, indicating a year-over-year increase of 4.6% Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AGCO Corporation (AGCO) : Free Stock Analysis Report Lindsay Corporation (LNN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report CNH Industrial N.V. (CNH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Lindsay Corporation? Here are five stocks we like better. Lindsay’s fiscal third-quarter results declined as revenue fell 5% to $160.8 million and net earnings dropped to $15.8 million from $19.5 million a year ago. The company said weak agricultural markets, higher input costs, and delayed farm equipment purchases pressured results. The irrigation business remained under pressure, with segment revenue down 7% and North American irrigation sales falling 11% on lower unit volume. Management said drought conditions and Brazil market constraints may support long-term demand, but near-term farmer economics and financing remain a headwind. Infrastructure and long-term investments provided some support, as infrastructure revenue rose 8% and Lindsay highlighted progress on its Nebraska manufacturing expansion, restructuring efforts, and technology offerings. The company also expects its Brazil financing environment and irrigation tech growth to contribute more meaningfully in future periods. Lindsay (NYSE:LNN) reported lower fiscal third-quarter revenue and earnings as continued weakness in agricultural markets weighed on irrigation equipment demand, while its infrastructure segment posted year-over-year growth. President and CEO Randy Wood said the company is operating through “a difficult environment amid a cyclical bottom in agricultural markets,” citing trade uncertainty, high input costs and weak farmer sentiment as pressures on demand. Wood said North American irrigation customers continued to delay large capital purchases because of current farm economics, leading to lower unit sales volumes in the quarter. → SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade “We remained focused on the levers within our control, including pricing, cost management, and operational efficiency, while continuing to invest strategically to position the business for long-term growth,” Wood said. SVP and CFO Sam Hinrichsen said total revenue for the fiscal third quarter was $160.8 million, down 5% from $169.5 million in the prior-year period. Operating income fell to $18.5 million from $23.8 million, while operating margin declined to 11.5% from 14%. → 2 Short Squeezes for Summer Speculation: What the Bears Are Getting Wrong Net earnings were $15.8 million, or $1.53 per diluted share, compared with $19.5 million, or $1.78 per diluted share, a year earlier. Hinrichsen said the year-over-year decrease reflected lower operating income, partly offset by higher other income and a lower effective tax rate. The quarter included a one-time benefit related to tariff refunds, which Hinrichsen described as a partial reversal of tariff costs incurred to date. He added that input costs have escalated during the fiscal year and that the company’s pricing actions “still need to catch up.” → How TeraWulf’s Anthropic Deal Booted Up a $19B AI Empire Irrigation segment revenue fell 7% to $133 million from $143.7 million in the prior year. North America irrigation revenue declined 11% to $61.3 million, primarily due to lower unit sales volume, partly offset by higher average selling prices. International irrigation revenue declined 4% to $71.7 million. The decrease was driven by lower sales volume in Brazil, where Wood said high interest rates and limited access to credit continue to constrain growers’ ability to finance capital equipment purchases. Growth in other international markets partially offset the decline. Irrigation segment operating income was $20.3 million, down from $27.2 million, and operating margin declined to 15.3% from 18.9%. Hinrichsen attributed the decline to lower unit sales volume, higher input costs and fixed cost leverage. Wood said the U.S. irrigation market remains soft as growers wait for more trade certainty and improved profitability. He cited USDA projections indicating that production costs will exceed commodity prices for several key commodities this year, continuing a multi-year trend. During the question-and-answer portion of the call, Wood said drought conditions have worsened year over year, with more than one-third of the country in severe to exceptional drought compared with about 15% a year ago. He said drought can support irrigation demand when it encourages efficient water use, but extreme drought can become a negative if growers do not have enough water to finish a crop. Wood said Lindsay continues to view Brazil as one of the most attractive long-term growth opportunities in global irrigation. He said customer engagement at recent agricultural trade shows, including Agrishow, was encouraging, with strong traffic, high grower interest and robust quoting activity. The company noted that financing rates under Brazil’s 2026/2027 crop plan declined to 11.5% from 12.5%, which Wood said should improve the affordability and return on investment for irrigation systems. However, he also said the total funding allocated to irrigation within the FINAME program was reduced from approximately BRL 2.75 billion to BRL 1.7 billion, keeping credit availability as a constraint. In response to an analyst question, Wood said the financing program should allow some “shovel-ready” projects to move through the system, but he does not expect a significant impact in the company’s fiscal fourth quarter, which ends Aug. 31. He said some early benefits could appear in the first quarter of fiscal 2027. Lindsay’s infrastructure segment revenue rose 8% to $27.7 million from $25.7 million, driven by higher road safety product revenue. Road Zipper lease revenue was similar to the prior year in Wood’s prepared remarks, though Hinrichsen said Road Zipper revenue was below the prior year within the segment results. Infrastructure segment operating income was $5.4 million, comparable to the prior year. Operating margin declined to 19.5% from 21.1%, which Hinrichsen attributed to a less favorable mix from lower Road Zipper revenue. Wood said the Road Zipper pipeline remains strong, though the timing of projects is difficult to predict. He also pointed to the House Transportation and Infrastructure Committee’s advancement of the BUILD America 250 Act, a bipartisan five-year reauthorization totaling $580 billion, as a potential source of long-term funding stability for highway and bridge investments. Wood said Lindsay’s new tube mill in Lindsay, Nebraska, has been successfully commissioned and is in full production. He said the operation improves safety, efficiency and throughput, while allowing the company to respond more quickly to shifts in demand. The company’s new galvanizing facility remains on schedule and is expected to be turned over to production in early calendar 2027. Hinrichsen said capital expenditures for the first nine months of the fiscal year were $35.5 million, reflecting ongoing investments at the Lindsay, Nebraska site. In response to an analyst question, Wood said the galvanizing facility is the final step in the company’s strategic investment program and that capital spending should return to normalized levels after it goes live. The company also plans restructuring and right-sizing actions intended to improve efficiency, reduce complexity and better align resources with expected demand. Wood said savings are expected to begin in fiscal 2027, but the company did not provide specific cost or savings estimates on the call. Lindsay ended the quarter with $204.8 million in total available liquidity, including $154.8 million in cash and cash equivalents and $50 million available under its revolving credit facility. Hinrichsen said the company repurchased $25.2 million of shares during the quarter and returned $80.7 million to shareholders through repurchases during the first nine months of the fiscal year. Wood said Lindsay continues to invest in irrigation technology, including its FieldNET and FieldWise platforms. He said the company expects sustained double-digit technology revenue growth in fiscal 2026, supported by products such as TowerWatch within the SmartPivot platform and FieldNET Advisor, which uses AI models to support irrigation scheduling. “While current market conditions continue to present near-term challenges, we remain confident in our strategy and our ability to execute effectively while positioning the business for sustainable long-term success,” Wood said in closing remarks. Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations. Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Lindsay Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Lindsay Corporation LNN used its third-quarter fiscal 2026 earnings call to underscore that the core issue remains demand, not execution. Management described a cyclical trough in agricultural markets, with weak farm economics, trade uncertainty and limited credit still delaying irrigation purchases. The call mattered because executives paired that caution with a more active cost response, continued investment in technology and manufacturing, and a detailed defense of long-term growth opportunities in Brazil and the Middle East. Those points framed the quarter more around positioning than near-term recovery. President and CEO Randy Wood said North American irrigation customers are still postponing large capital purchases as current farm economics remain unattractive. He tied the weak backdrop to high input costs, trade uncertainty and commodity prices that still do not support a meaningful rebound in buying activity. That pressure showed up in the quarter’s results. Earnings per share came in at $1.53, beating the Zacks Consensus Estimate of $1.41 by 8.9%. Meanwhile, revenues of $160.76 million missed the Zacks Consensus Estimate of $169.50 million by 5.15%. Lindsay Corporation price-consensus-eps-surprise-chart | Lindsay Corporation Quote Irrigation revenues declined 7% year over year, and North America irrigation revenues dropped 11%. Chief financial officer Samuel Hinrichsen said lower volume, higher input costs and fixed-cost deleverage drove the year-over-year decline in irrigation profitability. He added that third-quarter results also included a one-time tariff refund benefit, while pricing actions still have not fully caught up with cost inflation. Wood devoted notable time to Brazil, where management continues to see strong structural demand for mechanized irrigation even as financing remains the near-term constraint. He pointed to healthy grower interest and robust quoting activity at trade shows, reinforcing Lindsay’s long-term conviction in the market. The company welcomed the drop in the FINAME financing rate to 11.5% from 12.5%, but management did not frame that as an immediate turn. Wood said the lower rate improves project economics, yet the reduced funding pool under the program limits how quickly the market can expand. That nuance became sharper in Q&A. A William Blair analyst asked about the apparent difference between the press release’s expectation that Brazil will return to growth and the more cautious tone on the call. Wood responded that some projects now should begin moving through the system, but any benefit is more likely to show up in the first quarter of fiscal 2027 than in the fourth quarter. Management also used the call to argue that technology remains a meaningful differentiator even in a down cycle. Wood said adoption across the FieldNet and FieldWise platforms is reinforcing Lindsay’s connected-equipment strategy and helping expand the recurring-revenue base. He highlighted SmartPivot’s TowerWatch feature as a tool that improves diagnostics and reduces downtime, while also making the company’s digital ecosystem more embedded with growers. Wood said those dynamics should support sustained double-digit technology revenue growth in fiscal 2026. In response to a Northcoast Research question on artificial intelligence, Wood said Lindsay is applying AI models in FieldNet Advisor to improve irrigation scheduling and using machine learning within SmartPivot to identify equipment failures before they happen. That answer suggested management sees software and analytics as one of its clearest margin-supporting levers. Infrastructure remained the company’s clearest offset to irrigation weakness. Revenues in the segment rose 8% to $27.7 million, driven by road safety products, while operating income held essentially flat at $5.4 million. Wood said road safety has now posted three straight quarters of growth, and he described the Road Zipper pipeline as robust even though the company still does not expect a large Road Zipper project in fiscal 2026. Management also pointed to legislative progress on a multiyear U.S. transportation bill as a constructive backdrop. In Q&A, Wood said newer road safety products have generated solid market interest, though approvals are still moving through final stages. The tone there was constructive, but management stopped short of offering early sales specifics. Wood said Lindsay has begun restructuring and rightsizing parts of the organization to better align costs with current demand. He described the effort as focused on efficiency and simplification rather than a pullback from core strategic investments. Hinrichsen told analysts those actions will not affect the fourth quarter but should begin generating savings in fiscal 2027. He also said the galvanizing facility is expected to go live in calendar 2027, marking the final step in the company’s current major capital program and setting up a return to more normalized capital spending afterward. Capital allocation remained active. Lindsay ended the quarter with $204.8 million of available liquidity and used $25.2 million for share repurchases during the quarter, bringing fiscal year-to-date buybacks to $80.7 million. The clearest message from the call was that management is not counting on a fast improvement in North American irrigation demand. Executives repeatedly tied any real recovery to better farm profitability, more trade certainty and improved access to financing in key international markets. At the same time, the company is not retreating. Lindsay is using the downturn to tighten costs, complete manufacturing investments, defend pricing discipline and build out technology offerings that management believes can strengthen margins and customer retention over time. LNN currently carries a Zacks Rank #3 (Hold), which signals a more balanced near-term earnings outlook than the stronger revision trends typically associated with a Zacks Rank #1 (Strong Buy) or #2 (Buy). Its Value Score of C and Growth, Momentum and VGM Score of D suggest a less favorable style profile at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here. The most favorable combinations tend to pair a Zacks Rank #1 or #2 with Style Scores of A or B. A Zacks Rank #3 can still indicate a stock that investors hold, but the weaker style grades point to more limited support across value, growth and momentum factors. As always, the Zacks Rank can change as earnings estimate revisions adjust after the quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lindsay Corporation (LNN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Lindsay Corporation LNN reported third-quarter fiscal 2026 earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.41 by 8.5%. The bottom line declined 14% year over year.Revenues totaled $160.8 million, down 5% year over year. The top line missed the Zacks Consensus Estimate of $169 million by 5.15%. Irrigation softness outweighed infrastructure growth. The quarter reflected persistent demand challenges in North America and Brazil.The company’s backlog as of May 31, 2026, was $136 million compared with $117 million as of May 31, 2025. Lindsay Corporation price-consensus-eps-surprise-chart | Lindsay Corporation Quote The cost of operating revenues fell 2.5% year over year to $113 million. Gross profit was down 10.8% to $48 million from the year-earlier quarter. The gross margin was 29.8% compared with the year-ago quarter’s 31.6%.Operating expenses were $29 million in the fiscal third quarter, down 1.7% year over year. Operating income was $18.5 million, down from the prior-year quarter’s $27 million. The Irrigation segment’s revenues decreased 7% year over year to $133 million. North America irrigation revenues fell 11% from the year-ago quarter to $61 million on lower unit sales volume. International irrigation revenues decreased 4% year over year to $72 million. The segment’s operating income fell 25% year over year to $21 million.The Infrastructure segment’s revenues increased 8% year over year to $28 million. The upside was driven by higher road safety product revenues. The segment reported operating income of $5.4 million, flat year over year. LNN had cash and cash equivalents of roughly $155 million at the end of the third quarter of fiscal 2026 compared with $196 million as of the end of the third quarter of fiscal 2025. The company’s long-term debt was around $115 million as of May 31, 2026, flat with that reported as of May 31, 2025.The company completed $25.2 million of share repurchases during the quarter. Total repurchases reached $80.7 million for the fiscal year. Lindsay expects the irrigation market conditions in the United States to remain soft as growers await greater trade certainty and an improvement in commodity prices. Brazil is expected to return to growth, supported by secular demand for irrigation investments.However, credit constraints and high interest rates are expected to remain headwinds in Brazil. Lindsay also expects to recognize $70 million in revenues from the MENA irrigation project in fiscal 2026.In Infrastructure, the company anticipates continued growth in road safety products. It continues to manage a robust pipeline of Road Zipper System projects but does not expect to deliver a large project in fiscal 2026. The company’s shares have lost 15.3% in the past year against the industry’s growth of 17.5%. Image Source: Zacks Investment Research Lindsay currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Deere & Company DE is expected to release third-quarter fiscal 2026 results on Aug. 20.The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $4.82 for the fiscal third quarter, implying growth of 1.5% from the year-ago reported figure. The consensus estimate for Deere’s total revenues is pinned at $10.8 billion, indicating a year-over-year increase of 4.6%AGCO Corp. AGCO is anticipated to post second-quarter 2026 results soon. The Zacks Consensus Estimate for AGCO’s earnings per share is pegged at $1.49 for the second quarter, implying an increase of 10.3% from the year-ago reported figure. The consensus estimate for AGCO’s total revenues is pinned at $2.72 billion, indicating a year-over-year increase of 3.2%.CNH Industrial N.V. CNH is expected to report second-quarter 2026 results soon. The Zacks Consensus Estimate for CNH Industrial’s earnings per share is pegged at 11 cents for the second quarter. The company reported earnings of 17 cents in the year-ago quarter. The consensus estimate for CNH Industrial’s total revenues is pinned at $4.77 billion, indicating a year-over-year increase of 1.2%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lindsay Corporation (LNN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report CNH Industrial N.V. (CNH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

OMAHA, Neb., July 06, 2026--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.38 per share, payable August 31, 2026, to shareholders of record at the close of business on August 17, 2026. This quarterly cash dividend rate represents a three percent increase to the previous quarterly indicated rate of $0.37 per share. The new annual indicated rate is $1.52 per share, up from the previous annual indicated rate of $1.48 per share. As of June 30, 2026, Lindsay Corporation had approximately 10.2 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN. About the Company Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world’s rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic™ center pivot and lateral move agricultural irrigation systems, FieldNET™ and FieldWise™ remote irrigation management technology, FieldNET Advisor™ irrigation scheduling technology, and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels, through the Road Zipper™ and Snoline™ brands. For more information about Lindsay Corporation, visit http://www.lindsay.com/. Concerning Forward-Looking Statements This release contains forward-looking statements that are subject to risks and uncertainties and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission. Forward-looking statements include information concerning possible or assumed future results of operations and planned financing of the Company and those statements preceded by, followed by or including the words "anticipate," "estimate," "believe," "intend," "expect," "outlook," "could," "may," "should," "will," or similar expressions. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking information contained in this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260706200627/en/ Contacts LINDSAY CORPORATION: Alicia PfeiferVice President, Investor Relations & [email protected] Alpha IR: Joe [email protected]

This article first appeared on GuruFocus. Total Revenue: $160.8 million, a decrease of 5% compared to $169.5 million in the prior year. Operating Income: $18.5 million, down from $23.8 million in the prior year. Operating Margin: 11.5% of sales, compared to 14% last year. Net Earnings: $15.8 million or $1.53 per diluted share, compared to $19.5 million or $1.78 per diluted share in the prior year. Irrigation Segment Revenue: $133 million, a decrease of 7% from $143.7 million in the prior year. North America Irrigation Revenue: $61.3 million, a decrease of 11% from $69.1 million in the prior year. International Irrigation Revenue: $71.7 million, a decrease of 4% from $74.7 million in the prior year. Infrastructure Segment Revenue: $27.7 million, an increase of 8% from $25.7 million in the prior year. Total Available Liquidity: $204.8 million, including $154.8 million in cash and cash equivalents. Capital Expenditures: $35.5 million for the first nine months of the fiscal year. Share Repurchases: $25.2 million during the quarter, totaling $80.7 million for the first nine months. Warning! GuruFocus has detected 3 Warning Signs with LNN. Is LNN fairly valued? Test your thesis with our free DCF calculator. Release Date: July 02, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lindsay Corp (NYSE:LNN) reported an 8% increase in Infrastructure segment revenues, marking three consecutive quarters of growth. The company is seeing strong customer engagement and interest in Brazil, with lower financing rates expected to improve the affordability of irrigation systems. Lindsay Corp (NYSE:LNN) continues to invest in technology and innovation, with its FieldNET and FieldWise platforms driving double-digit technology revenue growth. The new tube mill in Nebraska has been successfully commissioned, enhancing safety, efficiency, and throughput. Lindsay Corp (NYSE:LNN) has a strong balance sheet with $204.8 million in available liquidity, supporting future growth initiatives. The Irrigation segment experienced a 7% decrease in revenues due to lower unit sales volumes and high input costs. North American irrigation revenues decreased by 11% as customers delayed large capital purchases amid challenging farm economics. International irrigation revenues were down 4%, primarily due to lower sales volumes in Brazil caused by high interest rates and limited credit access. The total funding allocated to irrigation in Brazil's FINAME program has been reduced, potentially limiting market expansion. Lindsay Corp (NYSE:LNN) faces a competitive pricing environment in the domestic irrigation market, which could pressure margins. Q: Can you expand on the outlook for Middle East projects and the project cadence going forward? A: Randy Wood, President and CEO, explained that there is still significant market opportunity in the Middle East, driven by public commitments to invest in domestic agriculture for food security. The pipeline remains strong, and while infrastructure development could affect timing, the overall outlook is positive with more growth expected. Q: Regarding the $80 million Middle East project, when will the remaining $10 million be recognized? A: Samuel Hinrichsen, CFO, confirmed that $70 million is expected to be recognized in fiscal '26, with the remaining $10 million spilling into early fiscal '27. Q: Can you clarify when the new galvanizing facility will be operational? A: Randy Wood stated that the galvanizing facility will be operational in calendar year 2027, marking the completion of major capital projects and a return to normalized capital expenditure levels. Q: What are the impacts of AI on irrigation technology, specifically FieldNET? A: Randy Wood highlighted that AI is being used to enhance irrigation scheduling through FieldNET Advisor, improving water management and profitability for customers. Additionally, AI and machine learning are being applied to pre-diagnose equipment failures, enhancing operational efficiency. Q: What is the outlook for Brazil's irrigation market given the current environment? A: Randy Wood noted that while the financing rate reduction is positive, the total funding pool has decreased, which may limit immediate growth. However, projects that were on hold are expected to progress, with potential impacts seen in early fiscal '27. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Agricultural and farm machinery company Lindsay (NYSE:LNN) fell short of the market’s revenue expectations in Q2 CY2026, with sales falling 5.1% year on year to $160.8 million. Its GAAP profit of $1.53 per share was 26.7% above analysts’ consensus estimates. Is now the time to buy Lindsay? Find out in our full research report. Revenue: $160.8 million vs analyst estimates of $169.5 million (5.1% year-on-year decline, 5.1% miss) EPS (GAAP): $1.53 vs analyst estimates of $1.21 (26.7% beat) Operating Margin: 11.5%, down from 14% in the same quarter last year Free Cash Flow was -$1.39 million, down from $25.66 million in the same quarter last year Market Capitalization: $1.19 billion “Deliveries for the large irrigation project in the Middle East North Africa (MENA) region remain on schedule despite continued geopolitical challenges," said Randy Wood, President and Chief Executive Officer. A pioneer in the field of center pivot and lateral move irrigation, Lindsay (NYSE:LNN) provides a variety of proprietary water management and road infrastructure products and services. A company’s long-term sales performance can indicate its overall quality. Any business can have short-term success, but a top-tier one grows for years. Over the last five years, Lindsay grew its sales at a sluggish 3% compounded annual growth rate. This fell short of our benchmarks and is a poor baseline for our analysis. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Lindsay’s recent performance shows its demand has slowed as its revenue was flat over the last two years. This quarter, Lindsay missed Wall Street’s estimates and reported a rather uninspiring 5.1% year-on-year revenue decline, generating $160.8 million of revenue. Looking ahead, sell-side analysts expect revenue to grow 5.3% over the next 12 months. While this projection implies its newer products and services will fuel better top-line performance, it is still below average for the sector. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE. Lindsay’s operating margin has more or less stayed the same over the last 12 months , averaging 12.6% over the last five years. This profitability was top-notch for an industrials business, showing it’s a well-run company with an efficient cost structure. This result was particularly impressive because of its low gross margin, which is mostly a factor of what it sells and takes huge shifts to move meaningfully. Companies have more control over their operating margins, and it’s a show of well-managed operations if they’re high when gross margins are low. Looking at the trend in its profitability, Lindsay’s operating margin might have fluctuated slightly but has generally stayed the same over the last five years. This raises questions about the company’s expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. This quarter, Lindsay generated an operating margin profit margin of 11.5%, down 2.5 percentage points year on year. Since Lindsay’s operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth — for example, a company could inflate its sales through excessive spending on advertising and promotions. Lindsay’s weak 2.1% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. Lindsay’s two-year annual EPS declines of 11% were bad and lower than its flat revenue. Diving into the nuances of Lindsay’s earnings can give us a better understanding of its performance. Lindsay’s operating margin has declined over the last two years. This was the most relevant factor (aside from the revenue impact) behind its lower earnings; interest expenses and taxes can also affect EPS but don’t tell us as much about a company’s fundamentals. In Q2, Lindsay reported EPS of $1.53, down from $1.78 in the same quarter last year. Despite falling year on year, this print easily cleared analysts’ estimates. Over the next 12 months, Wall Street expects Lindsay’s full-year EPS to grow 25.6% from $5.21 to $6.55. It was good to see Lindsay beat analysts’ EPS expectations this quarter. We were also excited its operating income outperformed Wall Street’s estimates. On the other hand, its revenue missed. Overall, we think this was still a decent quarter with some key metrics above expectations. The stock traded up 3.4% to $125.15 immediately following the results. Lindsay put up rock-solid earnings, but one quarter doesn’t necessarily make the stock a buy. Let’s see if this is a good investment. We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.