Lindsay(NYSE) LNN

Lindsay helps farmers water their crops. It also makes roads safer for drivers. The company builds barriers that move to manage traffic.

Moving Water and Managing Traffic

• Irrigation: Systems for watering crops and Internet of Things (IoT) technology; accounts for 83% of revenue.
• Infrastructure: Road safety products and moveable barriers used in highway construction and repairs.
• Technology Solutions: Remote monitoring, soil sensors, and scheduling applications for agricultural water management.
• Specialty Products: Railroad signals, structures, and steel tubing used for transportation and industrial projects.

Global Projects and Modern Factories

• Began shipping equipment for a $100 million project in the Middle East and North Africa (MENA) in 2024.
• Announced an $80 million supply agreement in December 2025 for irrigation and remote management technology.
• Implemented a supply chain plan in 2025 to manage costs from new tariffs on imported materials.
• Purchased $35.5 million in property and equipment during the nine months ended May 31, 2026.

Innovation in Field and Road

Lindsay integrates remote monitoring into its watering systems to help farmers manage resources. The company also builds moveable barriers that allow agencies to adjust road lanes during construction.

Recent Performance Metrics

• Operating revenues were $160.8 million for the three months ended May 31, 2026, down 5% year-over-year.
• Net earnings were $15.8 million for the three months ended May 31, 2026, down 19% year-over-year.
• Infrastructure revenue grew 8% to $27.7 million for the three months ended May 31, 2026.
• Market capitalization was $1.3 billion according to recent market data.

Bottom Line

Lindsay has evolved from a machinery maker into a provider of tech-enabled water and infrastructure solutions. This shift helps the company address global needs for food security and safer transportation networks.