---
title: "Lindsay 10-Q: Revenue $157.7M, EPS $1.15 — Q2 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281572046.md"
description: "Lindsay reported Q2 operating revenues of $157.7 million, down 16% year-over-year, with diluted EPS at $1.15, a decline from $2.44 in the prior year. Gross profit fell 32% to $42.3 million, and operating income dropped 59% to $13.0 million. The decrease is attributed to lower demand in irrigation and infrastructure, along with a higher proportion of international projects affecting margins. Backlog increased to $151.8 million, supported by large irrigation projects and international expansion."
datetime: "2026-04-02T20:21:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281572046.md)
  - [en](https://longbridge.com/en/news/281572046.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281572046.md)
---

# Lindsay 10-Q: Revenue $157.7M, EPS $1.15 — Q2 Results

Lindsay reported second-quarter operating revenues of $157.7 million and diluted earnings per share of $1.15, reflecting a year-over-year decline driven by lower segment revenues and a less favorable project mix. The company’s profitability compressed versus the prior-year quarter, with gross profit and operating income down sharply and net earnings reduced. These results reflect softer demand across irrigation and infrastructure and higher proportions of international project work that weighed on margins.

**Financial Highlights**

-   **Operating revenues:** $157.7 million, down 16% versus the prior-year quarter.
-   **Gross profit:** $42.3 million, down 32% versus the prior-year quarter; gross margin 26.9%.
-   **Operating income:** $13.0 million, down 59% versus the prior-year quarter; operating margin 8.3%.
-   **Net earnings:** $12.0 million, down 55% versus the prior-year quarter.
-   **Diluted net earnings per share:** $1.15, versus $2.44 in the prior-year quarter.

**Business Highlights**

-   **Revenue trend:** Consolidated revenues declined 16% year-over-year for the quarter and 11% year-to-date, driven by softer demand in both irrigation and infrastructure businesses.
-   **Channel mix:** Irrigation accounted for approximately 90% of Q2 sales; a higher proportion of international project revenue diluted overall margins.
-   **Backlog and projects:** Backlog rose to $151.8 million, supported by large irrigation projects and continued international expansion, including multi-year MENA projects (more than $100 million previously and over $80 million newly secured).
-   **Operational dynamics:** Gross margin compression was driven by project mix and the absence of a non-repeating infrastructure project; operating expenses remained roughly stable despite lower revenue.
-   **Risks and execution:** Seasonal and regional execution risks were noted as factors affecting the timing and margin profile of project delivery.

Original SEC Filing: LINDSAY CORP \[ LNN \] - 10-Q - Apr. 02, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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