2325 GMT - Haulage company Lindsay Australia's big footprint means it's well placed to hold or grow its market share as Middle East conflict impacts reverberate through the economy, says Ord Minnett. It points to Lindsay Australia's "national network, scale and rail offering for customers looking for a more cost-effective solution with lower fuel intensity." Rail accounts for over 20% of earnings, analyst Ian Munro says. Lindsday Australia has raised fuel levies to pass on a more than 70% rise in diesel prices since February to customers. Still, Ord Minnett cuts its FY26 and FY27 EPS forecasts by 6% and 11%, respectively, to account for higher depreciation and amortization along with interest charges associated with its lease liabilities. Ord Minnett retains a buy call on Lindsay Australia. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 16, 2026 19:25 ET (23:25 GMT)
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