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Randy Wood

President, Chief Executive Officer & Director, LINDSAY CORP

Search every verified Randy Wood interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Randy Wood, president and CEO of Lindsay Corporation, discussed the company's performance during a cyclical downturn in agricultural markets on the company's fiscal third quarter 2026 earnings call. He stated that trade uncertainty, high input costs, and weak farmer sentiment continued to weigh on the business, with North American irrigation customers delaying large capital purchases. Wood said the company remained focused on pricing, cost management, and operational efficiency while investing for long-term growth. He also noted that Lindsay is deploying AI models within its FieldNet Advisor platform to assist with irrigation scheduling, describing it as a tool that provides customers with information on water requirements based on historical weather, predicted weather, crop growth stage, and soil type. At the Gabelli Omaha Value Investor Conference, Wood described the Middle East as a key growth driver for decades, citing Egypt's reliance on grain imports from Russia and Ukraine as a catalyst for food security concerns. He stated that irrigated land produces 40% of the world's food on 20% of production acres and emphasized the company's focus on efficient water and energy use. Wood noted that Lindsay has increased domestic and regional sourcing for components in response to tariffs, and that the company has been able to pass much of the tariff impact to customers. He reported that FieldNet has a renewal rate above 97% and expressed a belief that recurring software-as-a-service revenue could eventually account for 10% of the company's revenue.

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