What happened?
Shares of agricultural and farm machinery company Lindsay (NYSE: LNN) jumped 2.7% in the afternoon session after the company reported results for its fourth quarter and fiscal year ended August 31, 2026, highlighted by a 39 percent increase in operating income.
According to a company press release, Lindsay reported revenue of $161.6 million, up 5.2% year on year, and operating income of $15.8 million. Revenue was above Wall Street's consensus estimate of $150.6 million, while GAAP earnings per share of $1.10 was above analyst estimates of 98 cents. The release also said North America irrigation revenues rose 11 percent, while infrastructure revenues gained 13 percent, supported by a third consecutive quarter of growth in road safety products. Operating margin rose to 9.8%, up from 7.4% in the same quarter last year.
The shares were trading at $110.09, up 3.3% from the previous close.
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What is the market telling us
Lindsay’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 7 months ago when the stock dropped 9.6% on the news that the company reported first-quarter results that fell short of analyst expectations for both revenue and earnings. Revenue for the quarter came in at $157.7 million, marking a 15.7% decrease from the same period in the prior year and missing consensus estimates. Earnings per share were $1.15, a significant drop from the $2.44 reported in the previous year and well below the $1.69 analysts had anticipated. The company's profitability also took a hit, with its operating margin falling to 8.3% from 17.2% a year ago. Overall, the results showed broad-based weakness, prompting a negative reaction from investors.
Lindsay is down 9.2% since the beginning of the year, and at $110.09 per share, it is trading 19.2% below its 52-week high of $136.33 from February 2026. Investors who bought $1,000 worth of Lindsay’s shares 5 years ago would now be looking at only $757.12.
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