Lindsay
Builds irrigation equipment, remote farm-water tools, and road-infrastructure safety systems.
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Profile
Makes irrigation systems and digital water-management tools, alongside road-safety and moveable-barrier products. Irrigation is the larger segment, with sales split between the United States and international markets, while infrastructure results depend on project timing.
Manufactures center-pivot, lateral-move, and hose-reel irrigation systems through brands such as Zimmatic, with FieldNET, FieldNET Advisor, and FieldWise adding remote monitoring, control, and irrigation guidance for growers.
Infrastructure adds Road Zipper moveable barriers, crash cushions, end terminals, road marking, road-safety equipment, and monitoring technology for critical assets. The portfolio reflects a Nebraska irrigation base expanded through road-infrastructure products and industrial remote-monitoring capabilities.
Irrigation is the primary business, with demand tied to agricultural capital spending, regional credit conditions, international project timing, and large-project execution. Infrastructure revenue can be uneven when Road Zipper projects do not repeat, and filings also note infrastructure-products litigation and environmental-remediation exposure.
Company facts
Categories
Key statistics
Year to date −6.2% · Average volume (30d) 117.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Jan 9, 2026 | Stifel Nicolaus | Target | $122 | $128 |
| Oct 24, 2025 | Stifel Nicolaus | Target | $134 | $122 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 2, 2026Q3 FY26 | $1.41 | $1.53 | +8.5% | $157.8M | $160.8M | +1.9% | −3.69% |
| Apr 2, 2026Q2 FY26 | $1.69 | $1.15 | −32.0% | $171.4M | $157.7M | −8.0% | −0.10% |
| Jan 8, 2026Q1 FY26 | $1.46 | $1.54 | +5.5% | $166.8M | $155.8M | −6.6% | −1.18% |
| Oct 23, 2025Q4 FY25 | $1.14 | $0.99 | −13.2% | $156.9M | $153.6M | −2.1% | −0.50% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $187.1M | $169.5M | $153.6M | $155.8M | $157.7M | $160.8M | |
| Gross profit | $62.5M | $53.6M | $44.7M | $50.1M | $42.3M | $47.8M | |
| Operating income | $32.1M | $23.8M | $11.3M | $19.6M | $13.0M | $18.5M | |
| Net income | $26.6M | $19.5M | $10.8M | $16.5M | $12.0M | $15.8M | |
| Diluted EPS | $2.44 | $1.78 | $0.99 | $1.54 | $1.15 | $1.53 | |
| Gross margin | 33.4% | 31.6% | 29.1% | 32.2% | 26.9% | 29.8% | |
| Operating margin | 17.2% | 14.0% | 7.4% | 12.6% | 8.3% | 11.5% |
Fiscal years (4-quarter sums)FY21 $567.6M · FY22 $770.7M · FY23 $674.1M · FY24 $607.1M · FY25 $676.4M
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, May 31, 2026Cash & short-term investments $154.8M · Total debt $137.8M · Total assets $821.6M · Shareholders' equity $499.1M
Dividends
Raised for 23 straight years — most recently to $0.38 from $0.37 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 31 | $0.38 | raised from $0.37 |
| May 15, 2026 | May 15 | May 29 | $0.37 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.37 | |
| Nov 14, 2025 | Nov 14 | Nov 28 | $0.37 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.37 | raised from $0.36 |
| May 16, 2025 | May 16 | May 30 | $0.36 | |
| Feb 14, 2025 | Feb 14 | Feb 28 | $0.36 | |
| Nov 15, 2024 | Nov 15 | Nov 29 | $0.36 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 10.17M · Float 10.07M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.77M | 17.42% | 13F | Aug 7, 2026 |
| Neuberger Berman Group LLC | 911.9K | 8.97% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 653.3K | 6.42% | 13F | Aug 13, 2026 |
| State Street Corp | 493.3K | 4.85% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 466.7K | 4.59% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Valmont Industries
Closest public rival in pivots and irrigation automation
- Toro
Drip and greenhouse irrigation alternative for growers
- AGCO
Mixed-fleet precision ag platform competing for farm tech budgets
- Itron
Utility monitoring and smart-water network overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lindsay | $113.88 | +0.18% | $1.16B | 21.9 | 19.7 | 1.8 | −5.1% |
| Valmont Industries | $476.28 | +0.01% | $9.19B | 18.9 | — | 2.2 | +6.5% |
| Toro | $99.03 | 0.00% | $9.43B | 28.5 | 20.4 | 2.0 | +8.1% |
| AGCO | $114.70 | +1.16% | $7.94B | 15.7 | 17.5 | 0.8 | −1.0% |
| Itron | $97.53 | −0.06% | $4.27B | 16.3 | 15.1 | 1.9 | −7.2% |
| Median | 17.6 | 17.5 | 1.9 | +2.8% |