Lindsay

Lindsay helps farmers grow crops using smart water systems. It also makes roads safer with movable barriers and crash cushions. These products serve government agencies and agricultural producers worldwide.

Watering Farms and Protecting Roads

• Irrigation Systems: Center pivot and lateral move machines, which are large-scale mechanical sprinklers; provided 90% of revenue in Q2 2026.
• Road Safety: Moveable barriers and impact-absorbing cushions, known as crash cushions, used to protect drivers at highway hazards.
• Smart Technology: Remote monitoring and variable rate irrigation tools that allow farmers to manage water use through smartphone applications.

Global Growth and Modernization

• Started a new $80 million supply agreement in the Middle East and North Africa region in Q2 2026.
• Authorized a $150 million share repurchase program in November 2025 to return value to stockholders.
• Planned $50 million to $55 million in facility upgrades for fiscal 2026 to improve manufacturing productivity.

Tech-Driven Water Management

Lindsay manages a global distribution network that reaches critical agricultural markets in Brazil and the Middle East. Its operational strength lies in combining heavy steel manufacturing with proprietary software for remote field monitoring.

The Latest Financial Scorecard

• Operating revenues were $157.7 million in Q2 2026, down 15.7% from $187.1 million in Q2 2025.
• Net earnings fell to $12.0 million in Q2 2026, down 54.7% from $26.6 million in the previous year.
• Free cash flow reached $11.6 million in Q2 2026, up 362.9% from $2.5 million in Q2 2025.
• North America irrigation revenue decreased 8% to $71.0 million in Q2 2026 due to lower unit volume.

Evolution Summary

Final Outlook

Lindsay has transitioned from a basic equipment manufacturer to a technology-focused water and infrastructure provider. Its focus on resource efficiency and road safety positions the business to address global food and transit needs.