Earnings slide at Lindsay Corporation (NYSE: LNN) despite large MENA project

Rhea-AI Filing Summary

Lindsay Corporation reported weaker fiscal 2026 second quarter results, with total revenue of $157.7 million, down 16 percent from $187.1 million a year earlier. Operating income fell to $13.0 million from $32.1 million, and diluted earnings per share declined to $1.15 from $2.44 as margins compressed.

The irrigation segment generated $141.2 million of revenue, down 5 percent, as North America sales dropped 8 percent amid soft commodity prices and constrained farmer sentiment, while international revenue slipped 1 percent despite favorable currency. Infrastructure revenue fell 58 percent to $16.5 million, largely because a $20 million Road Zipper System project did not repeat, driving a 91 percent drop in segment operating income.

Management highlighted progress on an $80.0 million irrigation and technology project in the Middle East North Africa region, a growing backlog of $151.8 million, and continued capital returns, including $25.2 million of share repurchases in the quarter and $55.5 million fiscal year-to-date, supported by cash of $186.1 million and total liquidity of about $236 million.

Positive

• None.

Negative

• Total revenue declined 16 percent year over year to $157.7 million, with operating income down 59 percent and diluted EPS dropping 53 percent to $1.15, reflecting broad margin and demand pressure.
• Infrastructure segment performance deteriorated sharply, as revenue fell 58 percent to $16.5 million and operating income dropped 91 percent to $1.2 million, primarily due to the absence of a $20 million Road Zipper System project from the prior year.

Insights

Equity analyst

Lindsay delivered notably weaker Q2 results, cushioned by backlog growth and a major MENA project.

Lindsay Corporation saw broad-based earnings pressure in Q2 FY2026. Revenue declined 16% to $157.7 million, with operating income down 59% to $13.0 million and diluted EPS falling to $1.15 from $2.44. Both irrigation and infrastructure segments contributed to the contraction.

In irrigation, total revenue slipped 5% to $141.2 million, as North America struggled with weak commodity prices and tight farm credit, and Brazil remained hampered by elevated interest rates. International revenue held relatively steady, aided by about $4.0 million of favorable currency and initial deliveries on the $80.0 million MENA project.

Infrastructure results were substantially weaker: revenue dropped 58% to $16.5 million and operating income fell 91% to $1.2 million, mainly because a prior-year $20 million Road Zipper System project did not recur. Offsetting this, backlog rose to $151.8 million as of February 28, 2026, and the company continued returning capital, repurchasing $25.2 million of stock in the quarter while maintaining $186.1 million of cash and moderate leverage of about 1.09x gross debt to EBITDA.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Total revenue: $157.7 million Operating income: $13.0 million Diluted EPS: $1.15 per share +5 more

8 metrics

Total revenue $157.7 million Q2 FY2026, down 16% from $187.1 million

Operating income $13.0 million Q2 FY2026, down 59% from $32.1 million

Diluted EPS $1.15 per share Q2 FY2026, down from $2.44 per share

Irrigation revenue $141.2 million Q2 FY2026, down 5% from $148.1 million

Infrastructure revenue $16.5 million Q2 FY2026, down 58% from $38.9 million

Backlog $151.8 million Unfulfilled orders as of February 28, 2026, up from $127.0 million

Share repurchases $25.2 million Repurchased during Q2 FY2026; $55.5 million year-to-date

MENA project value $80.0 million Irrigation and technology project; about $70 million revenue expected in current fiscal year

Key Terms

Road Zipper System, operating margin, backlog of unfulfilled orders, Infrastructure Investment and Jobs Act, +2 more

6 terms

Road Zipper System financial

"Excluding the $20 million Road Zipper System project in the prior year, which was not expected to repeat"

A road zipper system is a movable concrete or plastic barrier mounted on a specialized vehicle that shifts lane dividers to change traffic flow quickly, much like sliding a zipper to open or close lanes. Investors care because these systems can increase roadway capacity, improve safety, reduce congestion-related costs, and influence toll revenue and maintenance budgets, affecting the financial return on transportation projects.

operating margin financial

"Operating margin was 8.3 percent of sales, compared to 17.2 percent of sales in the prior year"

Operating margin shows how much profit a company makes from its core business activities after paying for costs like wages and materials. It’s useful because it tells you how efficiently a company is running—higher margins mean it keeps more money from each dollar of sales, which can indicate better management or stronger products.

backlog of unfulfilled orders financial

"The backlog of unfulfilled orders at February 28, 2026 was $151.8 million compared with $127.0 million"

Infrastructure Investment and Jobs Act financial

"Infrastructure Investment and Jobs Act (IIJA) funding includes $110 billion in incremental federal funding for roads, bridges, and other transportation projects"

A major federal law that authorizes large-scale public spending on roads, bridges, public transit, water systems, broadband, electric grid upgrades and other core physical systems. For investors it matters because the law directs predictable government money into specific industries, creating new contracts, steady demand and potential long-term revenue for companies involved—like a government checkbook funding repairs and upgrades to the infrastructure businesses and communities rely on.

Farm Bridge Assistance Program financial

"In December, $12.0 billion Farm Bridge Assistance Program announced $11.0 billion to support row crop farmers"

gross debt to EBITDA leverage financial

"1.09x Gross Debt to EBITDA leverage Substantial Room to Add Leverage"

Earnings Snapshot

Revenue: $157.7 million

Q2 FY2026

Revenue $157.7 million -16% YoY

Operating income $13.0 million -59% YoY

Net earnings $12.0 million -55% YoY

Diluted EPS $1.15 -53% YoY

Understanding 8-K Material Events →

false000083615700008361572026-04-022026-04-02

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 02, 2026

Lindsay Corporation

(Exact name of Registrant as Specified in Its Charter)

Delaware			1-13419	47-0554096
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
18135 Burke Street Suite 100
Omaha, Nebraska				68022
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (402) 829-6800

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $1.00 par value		LNN		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On April 2, 2026, Lindsay Corporation (the “Company”) issued a press release announcing the Company’s results of operations for its second quarter ended February 28, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.

In addition, a copy of the slide presentation to be used during the Company’s fiscal 2026 second quarter investor conference call at 11:00 a.m. Eastern Time on April 2, 2026 is furnished herewith as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

99.1 Earnings Press Release, dated April 2, 2026, issued by the Company.

99.2 Slide Presentation for Fiscal 2026 Second Quarter Investor Conference Call on April 2, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

In accordance with General Instruction B.2 of Form 8-K, the information contained in Item 2.02 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 relating to Item 2.02 and attached hereto, is being “furnished” and, as such, shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			LINDSAY CORPORATION
Date:	April 2, 2026	By:	/s/ Samuel S. Hinrichsen
			Samuel S. Hinrichsen, Senior Vice President and Chief Financial Officer

Exhibit 99.1   18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836

Lindsay Corporation Reports Fiscal 2026 Second Quarter Results

International irrigation project in the Middle East North Africa (MENA) region remains on schedule

OMAHA, Neb., April 2, 2026 - Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its second quarter of fiscal 2026, which ended on February 28, 2026.

Key Highlights:

•Deliveries began for the $80.0 million irrigation and technology project in the MENA region

•Irrigation revenues decreased 5 percent as market uncertainty persists

•Continued growth in road safety products with Infrastructure revenue up 6 percent, excluding Road Zipper SystemTM project that was included in the prior year

•Completed $25.2 million of share repurchases during the quarter, bringing total repurchases to $55.5 million for the fiscal year

“During the quarter we began shipping the large project in the Middle East North Africa (MENA) region. While this project remains on schedule, we are exercising caution and prioritizing the safety of our teams in the region" said Randy Wood, President and Chief Executive Officer. "Solid execution of this project is helping to support revenue performance as U.S. market conditions continue to put pressure on commodity prices and constrain demand for irrigation equipment. Credit availability constraints and persistently high interest rates continue to suppress demand in Brazil, resulting in lower order levels this quarter. Excluding the $20 million Road Zipper System project in the prior year, which was not expected to repeat, our infrastructure business increased 6 percent. This growth was driven by a sustained increase in road construction activity supporting increased sales of road safety products. We continued executing against our capital allocation priorities and completed $25.2 million of share repurchases leaving $125 million available under the recent $150 million authorization."

Wood continued, "I am pleased with the resiliency and performance of our teams around the world, as we demonstrate our ability to deliver on project opportunities despite a very volatile macro-economic environment. During the quarter, our Infrastructure team introduced two new road safety products. The Road RunnerTM truck-mounted attenuator and the AlphaGuardTM barrier system. These new products highlight our continued investment in innovation and the growing demand for high-performance roadway safety solutions."

Second Quarter Summary

Consolidated Financial Summary		Second Quarter
(dollars in millions, except per share amounts)		FY2026		FY2025		$ Change		% Change
Total revenues		$157.7		$187.1		($29.3)		(16%)
Operating income		$13.0		$32.1		($19.1)		(59%)
Operating margin		8.3%		17.2%
Net earnings		$12.0		$26.6		($14.5)		(55%)
Diluted earnings per share		$1.15		$2.44		($1.29)		(53%)

Revenues for the second quarter of fiscal 2026 were $157.7 million, a decrease of $29.3 million, or 16 percent, compared to $187.1 million in the prior year. The decrease was primarily driven by lower revenues in both the irrigation and infrastructure segments compared to the prior year.

Operating income for the second quarter of fiscal 2026 was $13.0 million, a decrease of $19.1 million, or 59 percent, compared to $32.1 million in the prior year. Lower operating income in both the irrigation and infrastructure segments was partially offset by a reduction in corporate expense. Operating margin was 8.3 percent of sales, compared to 17.2 percent of sales in the prior year.

1

Net earnings for the second quarter of 2026 were $12.0 million, or $1.15 per diluted share, compared to $26.6 million, or $2.44 per diluted share, in the prior year. Net earnings were impacted by lower operating income and a higher effective tax rate, both of which were partially offset by an increase in other income.

Second Quarter Segment Results

Irrigation Segment		Second Quarter
(dollars in millions)		FY2026		FY2025		$ Change		% Change
Revenues:
North America		$71.0		$77.1		($6.1)		(8%)
International		$70.2		$71.0		($0.8)		(1%)
Total revenues		$141.2		$148.1		($6.9)		(5%)
Operating income		$19.5		$27.4		($7.9)		(29%)
Operating margin		13.8%		18.5%

Irrigation segment revenues for the second quarter of fiscal 2026 were $141.2 million, a decrease of $6.9 million, or 5 percent, compared to $148.1 million in the prior year. North America irrigation revenues of $71.0 million decreased $6.1 million, or 8 percent, compared to the prior year. The decrease in revenues resulted primarily from lower unit sales volume, and was partially offset by higher average selling prices compared to the prior year. Persistent weakness in commodity markets and tempered farmer sentiment continue to constrain demand for irrigation equipment in North America.

International irrigation revenues for the second quarter of fiscal 2026 of $70.2 million decreased $0.8 million, or 1 percent, compared to the prior year. The decrease resulted primarily from lower sales volumes in Brazil and timing of project volume in the MENA region, which were partially offset by growth in various other regions. In Brazil, available credit and elevated interest rates continue to limit farmers' ability to invest in capital equipment. Revenues in the current year quarter were favorably impacted by the effects of foreign currency translation of approximately $4.0 million compared to the prior year.

Irrigation segment operating income for the second quarter of fiscal 2026 was $19.5 million, a decrease of $7.9 million, or 29 percent, compared to the prior year. Operating margin was 13.8 percent of sales, compared to 18.5 percent of sales in the prior year. The decrease in operating income resulted primarily from lower unit sales volume, a higher proportion of international project sales volume and the impact of fixed cost deleverage compared to the prior year.

Infrastructure Segment		Second Quarter
(dollars in millions)		FY2026		FY2025		$ Change		% Change
Total revenues		$16.5		$38.9		($22.4)		(58%)
Operating income		$1.2		$13.3		($12.1)		(91%)
Operating margin		7.1%		34.1%

Infrastructure segment revenues for the second quarter of fiscal 2026 were $16.5 million, a decrease of $22.4 million, or 58 percent, compared to $38.9 million in the prior year. The decrease was primarily attributable to lower Road Zipper System revenues as the prior year included a $20 million project that did not repeat. Sales of road safety products increased compared to the prior year.

Infrastructure segment operating income for the second quarter of fiscal 2026 was $1.2 million, a decrease of $12.1 million, or 91 percent, compared to the prior year. Operating margin was 7.1 percent of sales, compared to 34.1 percent of sales in the prior year. The decrease in operating income resulted primarily from lower Road Zipper System project revenues compared to the prior year.

The backlog of unfulfilled orders at February 28, 2026 was $151.8 million compared with $127.0 million at February 28, 2025. Included in these backlogs are amounts of $19.2 million and $11.9 million, respectively, for orders that are not expected to be fulfilled within the subsequent 12 months. The backlog in irrigation increased as a result of the large irrigation project in the MENA region, while the backlog in infrastructure decreased compared to the prior year.

Outlook

Mr. 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.

2

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.”

Second Quarter Conference Call

Lindsay’s fiscal 2026 second quarter investor conference call is scheduled for 11:00 a.m. Eastern Time today. Interested investors may participate in the call by dialing (833) 535-2202 in the U.S., or (412) 902-6745 internationally, and requesting the Lindsay Corporation call. Additionally, the conference call will be simulcast live on the internet and can be accessed via the investor relations section of the Company's website, www.lindsay.com. Replays of the conference call will remain on our website through the next quarterly earnings release. The Company will have a slide presentation available to augment management's formal presentation, which will also be accessible via the Company's website.

About the Company

Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world’s rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic™ center pivot and lateral move agricultural irrigation systems, FieldNET™ and FieldWise™ remote irrigation management technology, FieldNET Advisor™ irrigation scheduling technology, and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels, through the Barrier Systems™, Road Zipper™ and Snoline™ brands. For more information about Lindsay Corporation, visit www.lindsay.com.

Concerning Forward-looking Statements

This release contains forward-looking statements that are subject to risks and uncertainties, and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission. Forward-looking statements include information concerning possible or assumed future results of operations and planned financing of the Company and those statements preceded by, followed by or including the words “anticipate,” “estimate,” “believe,” “intend,” "expect," "outlook," "could," "may," "should," “will,” or similar expressions. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking information contained in this press release.

For further information, contact:

LINDSAY CORPORATION:		Alpha IR Group:
Alicia Pfeifer		Joe Caminiti and Abe Plimpton
Vice President, Investor Relations & Treasury		312-445-2870
402-933-6429		LNN@alpha-ir.com
Alicia.Pfeifer@lindsay.com

3

LINDSAY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
		Three months ended										Six months ended
(in thousands, except per share amounts)			February 28, 2026					February 28, 2025					February 28, 2026					February 28, 2025
Operating revenues		$		157,715			$		187,064			$		313,533			$		353,345
Cost of operating revenues				115,366					124,576					221,082					240,891
Gross profit				42,349					62,488					92,451					112,454
Operating expenses:
Selling expense				10,517					10,850					21,536					21,062
General and administrative expense				14,742					15,352					29,580					30,360
Engineering and research expense				4,076					4,162					8,716					8,026
Total operating expenses				29,335					30,364					59,832					59,448
Operating income				13,014					32,124					32,619					53,006
Other income:
Interest income, net				1,984					1,441					5,303					1,934
Other income (expense), net				569					(351	)				(469	)				307
Total other income				2,553					1,090					4,834					2,241
Earnings before income taxes				15,567					33,214					37,453					55,247
Income tax expense				3,522					6,638					8,884					11,508
Net earnings		$		12,045			$		26,576			$		28,569			$		43,739
Earnings per share:
Basic		$		1.15			$		2.45			$		2.71			$		4.03
Diluted		$		1.15			$		2.44			$		2.70			$		4.01
Shares used in computing earnings per share:
Basic				10,449					10,863					10,561					10,858
Diluted				10,486					10,909					10,593					10,906
Cash dividends declared per share		$		0.37			$		0.36			$		0.74			$		0.72

4

LINDSAY CORPORATION AND SUBSIDIARIES
SUMMARY OPERATING RESULTS
(Unaudited)
		Three months ended											Six months ended
(in thousands)			February 28, 2026					February 28, 2025					February 28, 2026					February 28, 2025
Operating revenues:
Irrigation:
North America		$		71,042			$		77,145			$		145,354			$		154,884
International				70,196					70,994					129,321					140,342
Irrigation total				141,238					148,139					274,675					295,226
Infrastructure				16,477					38,925					38,858					58,119
Total operating revenues		$		157,715			$		187,064			$		313,533			$		353,345
Operating income:
Irrigation		$		19,479			$		27,377			$		42,433			$		52,111
Infrastructure				1,165					13,257					5,659					17,381
Corporate				(7,630	)				(8,510	)				(15,473	)				(16,486	)
Total operating income		$		13,014			$		32,124			$		32,619			$		53,006

The Company manages its business activities in two reportable segments as follows:

Irrigation – This reporting segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, remote irrigation management and scheduling technology, irrigation consulting and design and industrial IoT solutions.

Infrastructure – This reporting segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment.

5

LINDSAY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in thousands)		February 28, 2026			February 28, 2025			August 31, 2025
ASSETS
Current assets:
Cash and cash equivalents		$	186,111		$	172,044		$	250,575
Marketable securities			—			14,676			—
Receivables, net			134,056			155,440			113,027
Inventories, net			144,581			154,605			136,859
Other current assets			34,463			29,919			32,303
Total current assets			499,211			526,684			532,764
Property, plant, and equipment, net			162,616			124,757			142,307
Intangibles, net			23,008			24,097			23,331
Goodwill			84,542			83,877			84,459
Operating lease right-of-use assets			20,317			17,583			18,096
Deferred income tax assets			22,873			11,930			19,525
Equity method investment			8,400			7,452			8,763
Other noncurrent assets			16,714			17,805			11,591
Total assets		$	837,681		$	814,185		$	840,836
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	55,231		$	57,612		$	48,670
Current portion of long-term debt			148			231			233
Other current liabilities			109,908			87,044			94,689
Total current liabilities			165,287			144,887			143,592
Pension benefits liabilities			3,283			4,040			3,418
Long-term debt			114,804			114,903			114,810
Operating lease liabilities			19,528			17,063			17,354
Deferred income tax liabilities			2,177			637			1,024
Other noncurrent liabilities			24,839			16,236			27,788
Total liabilities			329,918			297,766			307,986
Shareholders' equity:
Preferred stock			—			—			—
Common stock			19,198			19,155			19,167
Capital in excess of stated value			116,002			107,869			113,042
Retained earnings			766,201			723,008			745,397
Less treasury stock - at cost			(366,713)			(301,119)			(311,224)
Accumulated other comprehensive loss, net			(26,925)			(32,494)			(33,532)
Total shareholders' equity			507,763			516,419			532,850
Total liabilities and shareholders' equity		$	837,681		$	814,185		$	840,836

6

LINDSAY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
		Six months ended
(in thousands)		February 28, 2026					February 28, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$		28,569			$		43,739
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization			11,162					10,608
Provision for uncollectible accounts receivable			(56	)				97
Deferred income taxes			7,140					785
Share-based compensation expense			3,023					3,954
Unrealized foreign currency transaction gain			(657	)				(564	)
Other, net			(828	)				(122	)
Changes in assets and liabilities:
Receivables			(20,820	)				(40,206	)
Inventories			(4,823	)				(2,419	)
Other current assets			(1,125	)				2,874
Accounts payable			5,063					20,685
Other current liabilities			(4,008	)				(5,479	)
Other noncurrent assets and liabilities			1,326					(72	)
Net cash provided by operating activities			23,966					33,880
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment			(27,461	)				(18,918	)
Purchases of marketable securities			—					(14,676	)
Purchase of equity method investment			—					(5,815	)
Proceeds from settlement of net investment hedge			—					835
Payments for settlement of net investment hedge			—					(98	)
Other investing activities, net			(1,238	)				(559	)
Net cash used in investing activities			(28,699	)				(39,231	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of common shares			(55,489	)				(1,427	)
Dividends paid			(7,765	)				(7,824	)
Common stock withheld for payroll tax obligations			(1,253	)				(1,450	)
Proceeds from exercise of stock options			805					668
Other financing activities, net			299					248
Net cash used in financing activities			(63,403	)				(9,785	)
Effect of exchange rate changes on cash and cash equivalents			3,672					(3,699	)
Net change in cash and cash equivalents			(64,464	)				(18,835	)
Cash and cash equivalents, beginning of period			250,575					190,879
Cash and cash equivalents, end of period	$		186,111			$		172,044

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2nd Quarter Fiscal 2026 Earnings Presentation Exhibit 99.2

Safe-Harbor Statement © 2026 Lindsay Corporation This presentation contains forward-looking statements that are subject to risks and uncertainties, and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance, financial results and planned financing. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission. Investors should understand that a number of factors could cause future economic and industry conditions and the Company’s actual financial condition and results of operations to differ materially from management’s beliefs expressed in the forward-looking statements contained in this presentation. These factors include those outlined in the “Risk Factors” section of the Company’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission, and investors are urged to review these factors when considering the forward-looking statements contained in this presentation. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. For additional financial statement information, please see the Company’s earnings release dated April 2, 2026.

© 2026 Lindsay Corporation Key Highlights Deliveries began for the $80.0 million irrigation and technology project in the MENA region Irrigation revenues decreased 5 percent as market uncertainty persists Continued growth in road safety products with Infrastructure revenue up 6 percent, excluding Road Zipper System project that was included in the prior year Completed $25.2 million of share repurchases during the quarter, bringing total repurchases to $55.5 million for the fiscal year 

Second Quarter Summary © 2026 Lindsay Corporation Revenues decreased $29.3 million, or 16 percent, compared to the prior year Irrigation decreased $6.9 million Infrastructure decreased $22.4 million Operating income decreased $19.1 million, or 59 percent, compared to the prior year Diluted earnings per share decreased $1.29 per share, or 53 percent, compared to the prior year -16% -59% -53% Revenue Operating Income (with operating margin) Diluted EPS $ in millions, except per share amounts

Irrigation – Current Market Factors © 2026 Lindsay Corporation In February, the USDA estimated 2026 U.S. net farm income to be $153.4 billion, a decrease of 1 percent from 2025 U.S. net farm income of $154.5 billion The projected decrease is mainly driven by an expected decrease in cash receipts of 3 percent and is partially offset by an increase in government support payments In December, $12.0 billion Farm Bridge Assistance Program announced $11.0 billion to support row crop farmers with payments beginning in the first calendar quarter of 2026 U.S. trade disruption with China negatively impacts export market for U.S. commodities The One Big Beautiful Bill Act was signed into law July 4, 2025 Extends provisions of the 2017 Tax Act, including accelerated depreciation of equipment purchases Extends key commodity support programs under the Farm Bill, which expired September 30, 2025 Demand for irrigation equipment in Brazil remains suppressed High interest rates and ongoing credit constraints remain as headwinds Commodity price pressure remains due to record harvests Pipeline of project opportunities in developing international markets continues to be robust, driven by secular megatrends of food security and water conservation

Irrigation Segment – Second Quarter Summary © 2026 Lindsay Corporation North America revenue of $71.0 million decreased 8 percent Lower unit sales volume compared to the prior year, due to unfavorable commodity markets and tempered farmer sentiment Higher average selling prices compared to the prior year Unit sales volume breakdown by category: Replacement 44%, Conversion 28%, Dryland 28% International revenue of $70.2 million decreased 1 percent Lower unit sales volume, along with elevated interest rates and credit constraints limit farmers’ capital investments in Brazil Lower revenues in the MENA region due to project timing Favorable effects of foreign currency translation of $4.0 million Operating income of $19.5 million decreased 29 percent Decrease resulted primarily from lower unit sales volume, a higher proportion of international project sales volume and the impact of fixed cost deleverage compared to prior year Revenue -29% -5% Operating Income (with operating margin) 6 $ in millions

Infrastructure – Current Market Factors Infrastructure Investment and Jobs Act (IIJA) funding includes $110 billion in incremental federal funding for roads, bridges, and other transportation projects and runs through September 2026 Inflation on material prices and labor costs have offset some of the impact of incremental funding Through January 2026, 85 percent of the IIJA funds have been committed to the states, and 72 percent of the funds have been reimbursed to the states* The value of state and local government contract awards increased 8-12 percent year to date versus 2025 driven by bridges, tunnels and the rail sector* The Road Zipper ™ project pipeline continues to be actively managed, and project timing remains challenging to predict © 2026 Lindsay Corporation *Source: American Road and Transportation Builders Association

Infrastructure Segment – Second Quarter Summary © 2026 Lindsay Corporation Revenue of $16.5 million decreased 58 percent Lower Road Zipper System revenues due to $20 million project in prior year that did not repeat Higher sales of road safety products compared to the prior year Operating income of $1.2 million decreased 91 percent Lower Road Zipper System project revenues compared to the prior year Revenue -91% Operating Income (with operating margin) -58% $ in millions

© 2026 Lindsay Corporation Ample Liquidity to Execute Capital Allocation Priorities $236M Available liquidity CurrentLiquidity 1.09x Gross Debt to EBITDA leverage Substantial Room to Add Leverage No Near-TermDebt Maturities $115M Total Debt 2030 Maturity

Capital Allocation Priorities © 2026 Lindsay Corporation Working capital to support sales growth New product development Capacity and productivity investments Align with strategic growth priorities Leverage or add to existing capabilities Deliver incremental return on invested capital Increase annual dividends Opportunistic share repurchase Support Growthand Profitability of Current Businesses Acquisitions Return Capitalto Shareholders

Innovation Leadership: Addressing Global Megatrends © 2026 Lindsay Corporation Capitalizingon globalmegatrends Megatrends Innovation Leadership Innovative sustainable solutions for growers across the globe Mobilizing global populations safelyand sustainably Food Security Water Scarcity Land Availability Aging Infrastructure Mobility Safety Increased Safety Standards

Strong Commitment to Sustainable Practices © 2026 Lindsay Corporation Our mission is to conserve natural resources, expand our world’s potential, and enhance the quality of life for people. Investing in sustainable technologies Improving our operational footprint Empowering and protecting our people Engaging inour local communities Operatingwithintegrity

Appendix © 2026 Lindsay Corporation

U.S. Corn Prices Source: Trading Economics © 2026 Lindsay Corporation USD/BU

U.S. Soybean Prices © 2026 Lindsay Corporation USD/BU Source: Trading Economics

United States Drought Condition Source: US Drought Monitor, March 2025/2026 2025 2026 © 2026 Lindsay Corporation

Soybean Cash Price Index – Brazil Source:Cepea © 2026 Lindsay Corporation R$/bag

Brazil Central Bank Interest Rate Source: Trading Economics| Banco Central do Brasil Percent © 2026 Lindsay Corporation

FAQ

How did Lindsay Corporation (LNN) perform in Q2 fiscal 2026?

Lindsay Corporation reported weaker Q2 fiscal 2026 results, with revenue and earnings down sharply year over year. Revenue fell 16 percent to $157.7 million, operating income declined to $13.0 million, and diluted EPS dropped to $1.15 from $2.44 as margins compressed across segments.

What were Lindsay Corporation (LNN)'s Q2 2026 irrigation segment results?

The irrigation segment generated lower but still dominant revenue in Q2 2026. Irrigation revenue was $141.2 million, down 5 percent from $148.1 million, with North America down 8 percent and international down 1 percent, pressured by weak commodity prices, farmer sentiment, and tight credit, especially in Brazil.

Why did Lindsay Corporation (LNN)'s infrastructure revenue decline so much in Q2 2026?

Infrastructure revenue fell mainly because a large prior-year project did not repeat. Segment revenue declined 58 percent to $16.5 million, driven by lower Road Zipper System project sales, including the absence of a $20 million project recorded in the previous year, despite higher road safety product sales.

What were Lindsay Corporation (LNN)'s Q2 2026 earnings and EPS?

Net earnings and EPS at Lindsay Corporation declined significantly in Q2 2026. Net earnings were $12.0 million, down from $26.6 million, and diluted earnings per share decreased to $1.15 from $2.44, reflecting lower operating income and a higher effective tax rate, partially offset by higher other income.

How strong is Lindsay Corporation (LNN)'s backlog and liquidity after Q2 2026?

Lindsay exited Q2 2026 with a larger backlog and solid liquidity. Backlog reached $151.8 million versus $127.0 million a year earlier, supported by the large MENA irrigation project. Cash and cash equivalents were $186.1 million, and total available liquidity was about $236 million, alongside $115 million of total debt.

What capital allocation actions did Lindsay Corporation (LNN) take in Q2 2026?

Lindsay continued returning capital to shareholders while investing in the business. The company repurchased $25.2 million of shares in the quarter, bringing fiscal year-to-date buybacks to $55.5 million, and also paid dividends, while maintaining room to invest in growth projects and potential acquisitions.

What is the status of Lindsay Corporation (LNN)'s MENA irrigation project?

Lindsay’s large MENA irrigation and technology project is underway and on schedule. Deliveries began during Q2 2026 on the $80.0 million project. Management expects to recognize approximately $70 million of revenue from this project during the current fiscal year as work progresses.

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