10-Q - Lindsay Corporation | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Lindsay Corporation reported a challenging Q2 FY2026, with revenue and profitability down significantly year-over-year, reflecting segment-specific project timing and margin pressure — not broad demand weakness.

Key Takeaways

1Revenue was $157.7M (-15.7% vs. Q2 FY2025), driven by lower infrastructure activity and irrigation project mix shifts.

2Gross profit was $42.3M (-32.2%), with gross margin at 26.9%, reflecting the impact of product and geographic mix on profitability.

3Operating income was $13.0M (-59.5%), as lower gross profit and relatively stable operating expenses compressed margins.

4Net income was $12.0M (-54.7%), resulting in diluted EPS of $1.15 (-52.9%), consistent with the decline in operating income.

5Free cash flow was negative at -$3.5M, driven by higher capital expenditures ($27.5M) relative to operating cash flow ($24.0M).

6The Company affirmed its liquidity position remains strong, citing sufficient cash resources, marketable securities, operating cash flow, and available credit capacity.

Key Financial Metrics

EPS

$1.15

-52.9%

Revenue

$157.7M

-15.7%

Net Income

$12.0M

-54.7%

Gross Margin

26.9%

Gross Profit

$42.3M

-32.2%

free cash flow

-$3.5M

Operating Income

$13.0M

-59.5%

operating margin

8.3%