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Lindsay Corporation LNN Irrigation — Gross Profit

Other segment segments

Infrastructure
$10.04M-1.7%

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Other financials

Income statement

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Revenue$160.8M-5.1%
Gross profit$47.8M-10.8%
Operating income$18.5M-22.2%
Net income$15.8M-18.9%
EPS (diluted)$1.53-14.0%

Balance sheet

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Cash & equivalents$154.8M-21.1%
Total debt$137.8M+1.8%
Total equity$499.1M-5.6%
Total assets$821.6M-2.3%

Cash flow

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Operating cash flow$6.7M-81.0%
CapEx$8.1M-13.7%
Free cash flow-$1.4M-105%

Valuation

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Market cap$1.17B-20.7%
Enterprise value$1.15B-20.2%
P/E21.1×+1.8×
P/S1.9×-0.3×

Profitability

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Gross margin29.5%-1.8pp
Operating margin9.9%-3.4pp
Net margin8.8%-2.4pp
FCF margin9.4%-1.1pp

Returns & leverage

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Return on equity10.7%-4.3pp
Debt / equity0.2×0.0×
Current ratio2.9×-0.7×

Where this comes from

Reported directly by Lindsay Corporation in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

The source filing: Lindsay Corporation’s 10-Q, filed July 2, 2026.

Filed
Jul 2, 2026, 4:10 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-294516
($ in thousands)IrrigationInfrastructureConsolidated
Operating revenues$133,033$27,731$160,764
Cost of operating revenues95,23817,694112,932
Gross profit37,79510,03747,832
Operating expenses17,4594,63622,095
Segment operating income$20,336$5,401$25,737
Unallocated corporate expenses7,224
Operating income$18,513
(1) includes North America revenues of $61,349 and international revenues of $71,684

ITEM 1 - Financial Statements

FAQ

What is Lindsay Corporation's irrigation — gross profit?
Lindsay Corporation (LNN) reported irrigation — gross profit of $37.8M in Q1 2026.
How has Lindsay Corporation's irrigation — gross profit changed year-over-year?
Lindsay Corporation's irrigation — gross profit decreased by 12.9% year-over-year, from $43.41M to $37.8M.
What is the long-term trend for Lindsay Corporation's irrigation — gross profit?
Over 2 years (2023 to 2025), Lindsay Corporation's irrigation — gross profit has grown at a -5.2% compound annual growth rate (CAGR), from $184.6M to $165.88M.
What does irrigation — gross profit mean?
Calculated as total revenue from irrigation contracts minus the direct cost of revenue. This metric measures the fundamental profitability of the irrigation segment before accounting for operating expenses. It demonstrates the company's pricing power and cost management capabilities in the irrigation market.

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