Lindsay Fiscal Fourth-Quarter Revenue Expected at $147.6 Million
Key Facts
Analysts expected Lindsay to report revenue of $147.6 million for the fourth quarter of fiscal 2026, according to Investing.com's coverage ahead of the earnings release, compared with higher revenue in the year-earlier period. Analyst estimates included earnings per share of $1.00 for the quarter ended August 31, setting up comparisons with both the company's year-earlier results and its performance during the fiscal year. Revenue in the fourth quarter of fiscal 2025 was $153.6 million, according to Lindsay's statement filed with the U.S. Securities and Exchange Commission, providing the year-earlier comparison for the latest revenue estimates. In the third quarter of fiscal 2026, revenue fell to $160.8 million from $169.5 million in the same period a year earlier, according to Investing.com's coverage of that quarter's results. Fourth-quarter revenue expectations were thus below both the previous quarter and the year-earlier period, following the year-on-year revenue decline in the third quarter.
On demand, a Stifel survey published in September 2026 showed an improvement in dealers' sales volume expectations, according to Investing.com. Dealers expected volumes to decline by 1.1% over the 12 months following the survey, compared with a decline of 1.7% in the previous forecast. The outlook remained negative despite the improvement, as the revision pointed to a smaller decline in sales volumes in the period ahead. Alongside dealer expectations, execution of an $80 million Lindsay irrigation project emerged as a key factor investors were watching, according to Investing.com's coverage ahead of the fiscal fourth-quarter earnings release. The project is in the Middle East and North Africa, placing progress on its execution alongside the demand indicators from the dealer survey as a backdrop to the company's financial outlook.
Lindsay's performance earlier in fiscal 2026 had fallen short of analyst estimates for earnings per share. In the fiscal second quarter, actual earnings per share were $1.15, according to Investing.com's coverage of the company's results. The coverage compared that result with expectations of $1.70 per share for the same period, with that earnings miss preceding the year-on-year revenue decline in the third quarter. During the presentation of fiscal 2026 third-quarter results, management also discussed the timing of restructuring savings, according to the website. Management said that "restructuring savings are expected to begin in fiscal 2027," placing their start beyond the fiscal year covered by the fourth-quarter estimates.