CEO Wood: Anticipates $70 Million Revenue from MENA Irrigation Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2026
0mins
Should l Buy LNN?
CEO Wood concluded, "In the U.S., irrigation market conditions remain soft as growers await further trade certainty and hope to see improvement in commodity prices. We expect Brazil to return to growth due to the solid drivers of secular demand that support investments in irrigation, although credit constraints and high interest rates will remain a headwind. We will continue delivery of the irrigation project in the MENA region and we expect to recognize approximately $70 million of revenue for the project in our current fiscal year. In infrastructure, we anticipate growth in road safety products and are encouraged by the positive feedback we have received on the new products we just introduced at the American Traffic Safety Services Association trade show. We continue to actively manage a robust pipeline of Road Zipper System projects, but we do not expect to deliver a large project in fiscal 2026."
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Analyst Views on LNN
Wall Street analysts forecast LNN stock price to rise
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 108.290
Low
128.00
Averages
128.00
High
128.00
Current: 108.290
Low
128.00
Averages
128.00
High
128.00
About LNN
Lindsay Corporation is a global manufacturer and distributor of irrigation and infrastructure equipment and technology. The Company operates through two segments: Irrigation and Infrastructure. Its Irrigation segment includes the manufacture and marketing of enter pivot, lateral move, and hose reel irrigation systems and large diameter steel tubing, as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, remote irrigation management and scheduling technology, and industrial IoT solutions. Its Infrastructure segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment. Its irrigation brands include Zimmatic, FieldNET, FieldWise, and FieldNET Advisor. It also manufactures equipment to improve road safety and keep traffic moving on the roads, bridges and tunnels, through the Barrier Systems, Road Zipper and Snoline brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Increased Backlog: Despite pressures from low commodity prices and high interest rates, Lindsay's backlog has risen to approximately $151.8 million, indicating the stability of its core business and future growth potential, particularly against the backdrop of rising demands for water security and food supply.
- MENA Project Advancement: The company is actively executing an $80 million irrigation and technology project in the MENA region, expected to generate around $70 million in revenue this year, further enhancing its competitive position in the global market.
- Attractive Valuation: Currently trading at about 19 times earnings, below the five-year average of 25 times, Lindsay appears undervalued in terms of long-term growth potential, and if the market adjusts its valuation to 22-24 times earnings, the stock could see a 14%-23% upside.
See More
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- Valuation Compression: Currently trading at about 19 times earnings, Lindsay's valuation is significantly lower than its five-year average of 25 times, suggesting that the market is undervaluing its long-term growth potential, presenting a buying opportunity for investors.
- Rising Agricultural Demand: With global food demand increasing rapidly and water scarcity alongside limited arable land making efficient agriculture essential, Lindsay's irrigation systems are crucial in addressing these challenges, positioning the company for greater market recognition in the future.
See More
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- Maximus Dividend Approval: Maximus announced a quarterly cash dividend of $0.33 per share, set to be paid on June 1, 2026, with a record date of May 15, 2026, reflecting the company's stable profitability in the government services sector.
- Lindsay Dividend Declaration: Lindsay declared a quarterly cash dividend of $0.37 per share, payable on May 29, 2026, to shareholders of record as of May 15, 2026, indicating continued growth in the irrigation and infrastructure equipment market.
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See More
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- Dividend Yield: The forward yield of 1.44% reflects the company's efforts to attract investors, although its profitability faces challenges, which may impact investor sentiment.
- Disappointing Financial Results: Lindsay's Q2 GAAP EPS of $1.15 misses expectations by $0.54, with revenue of $157.7 million falling short of the anticipated $171.39 million, highlighting competitive pressures in the market.
- Project Delivery Outlook: Lindsay anticipates project deliveries in the MENA region to continue through Q3 and Q4, while planning for the startup of a new galvanizing facility in early 2027, indicating a strategic focus on future growth opportunities.
See More
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- Revenue Decline: Lindsay Corp reported total revenue of $157.7 million for Q2, a 16% year-over-year decrease primarily due to reduced revenues in both the Irrigation and Infrastructure segments, reflecting weak market demand and low farm sentiment.
- Significant Operating Income Drop: Operating income fell to $13 million, down from $32.1 million in the prior year, with operating margins declining from 17.2% to 8.3%, indicating the dual impact of cost pressures and declining sales volumes.
- Strong Liquidity Position: The company maintained $236.1 million in available liquidity, including $186.1 million in cash and cash equivalents, supporting strategic investments and shareholder returns despite market challenges.
- Cautious Market Outlook: While there is optimism about long-term growth potential in Brazil, high interest rates and credit constraints are affecting capital equipment purchases, leading to limited sales volumes, necessitating close monitoring of market changes.
See More
