Lindsay Stock Price, News & Analysis

Lindsay (NYSE: LNN), a global leader in irrigation and infrastructure equipment manufacturing, has announced a quarterly cash dividend of $0.36 per share. The dividend will be paid on May 30, 2025, to shareholders recorded as of May 16, 2025. The company currently has approximately 10.9 million shares outstanding traded on the New York Stock Exchange under the symbol LNN.

Lindsay (NYSE: LNN) reported strong second quarter fiscal 2025 results with record quarterly net earnings. Total revenues increased 23% to $187.1 million, driven by international project volume and infrastructure growth.

Key financial highlights include:

• Net earnings up 47% to $26.6 million
• Diluted EPS increased 49% to $2.44
• Operating income rose 45% to $32.1 million
• Operating margin improved to 17.2%

The irrigation segment saw 11% revenue growth to $148.1 million, with international irrigation revenues up 42% to $71.0 million, offsetting a 7% decline in North America. The infrastructure segment showed remarkable growth with revenues more than doubling to $38.9 million, primarily due to a large Road Zipper System project. The company's backlog stands at $127.0 million, up from $94.2 million year-over-year.

Lindsay (NYSE: LNN) has announced its upcoming fiscal 2025 second quarter earnings release and conference call schedule. The company will release its financial results for the quarter ended February 28, 2025, before market opens on Thursday, April 3, 2025.

The earnings conference call will be held the same day at 11:00 a.m. ET, featuring President and CEO Randy Wood and CFO Brian Ketcham. Investors can pre-register for the teleconference or dial in directly using provided numbers. The call will include a slide presentation and will be simulcast live on the company's website investor relations section.

Lindsay (NYSE: LNN), a global manufacturer and distributor of irrigation and infrastructure equipment and technology, has announced a quarterly cash dividend of $0.36 per share. The dividend will be payable on February 28, 2025, to shareholders of record as of February 14, 2025. The company currently has approximately 10.9 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN.

Lindsay (NYSE: LNN) reported fiscal 2025 first quarter results with consolidated revenues of $166.3 million, up 3% from $161.4 million in the prior year. The growth was driven by a 37% increase in international irrigation revenues to $69.4 million, particularly from projects in the Middle East and North Africa region.

Net earnings reached $17.2 million, or $1.57 per diluted share, representing a 14% increase from $15.0 million ($1.36 per share) in the previous year. North America irrigation revenues declined 13% to $77.7 million due to lower unit sales volume and reduced demand amid projected lower farm income. The infrastructure segment saw a 9% revenue decrease to $19.2 million but improved operating margins to 21.5%.

Post-quarter, Lindsay secured a Road Zipper System contract valued at over $20 million for second quarter delivery and acquired a minority stake in Pessl Instruments GmbH. The company's backlog stood at $168.2 million, significantly higher than $86.8 million in the prior year.

Lindsay (NYSE: LNN) has completed its acquisition of a 49.9% minority interest in Austria-based Pessl Instruments, advancing its position in agricultural technology solutions. The strategic partnership, initially announced in May 2023, combines Lindsay's FieldNET™ and FieldNET Advisor™ irrigation management platforms with Pessl's METOS™ weather stations and FieldClimate software.

Pessl's infrastructure includes over one million sensors connected to 100,000 in-field data collection devices globally, serving 50,000 active customers. The integration enables producers to access comprehensive data from in-field sensors for optimizing crop management, water usage, fertilizer application, and pesticide use.

Lindsay holds an option to acquire the remaining stake in Pessl at a later date. The acquisition, previously announced on April 3, 2024, has received all necessary regulatory approvals.

Lindsay (NYSE: LNN) has announced it will release its fiscal 2025 first quarter financial results, for the period ended November 30, 2024, before market opens on Tuesday, January 7, 2025. The company will host a conference call at 11:00 a.m. ET on the same day, led by President and CEO Randy Wood and CFO Brian Ketcham.

Investors can pre-register for the teleconference or dial in directly. The call will also be available via live webcast through the company's website, along with supplementary slide presentations. Call recordings will remain accessible on Lindsay's website until the next quarterly earnings release.

Lindsay (NYSE: LNN), a global manufacturer of irrigation and infrastructure equipment, announced a quarterly cash dividend of $0.36 per share. The dividend will be paid on November 29, 2024, to shareholders recorded as of November 15, 2024. The company currently has approximately 10.8 million shares outstanding traded on the NYSE under the symbol LNN.

Lindsay (NYSE: LNN) reported Q4 FY2024 results with revenues of $155.0 million, down 7% from $167.1 million in Q4 FY2023. Net earnings decreased to $12.7 million ($1.17 per share) from $19.2 million ($1.74 per share). North America irrigation revenues increased 2% to $61.7 million, while international irrigation revenues declined 23% to $64.2 million. Infrastructure segment showed improvement with revenues up 24% to $29.1 million. Full-year FY2024 revenues were $607.1 million, down 10% from $674.1 million, with net earnings of $66.3 million ($6.01 per share). The company's backlog increased to $180.9 million from $78.7 million year-over-year.