Welcome to our dedicated page for Lindsay news (Ticker: LNN), a resource for investors and traders seeking the latest updates and insights on Lindsay stock.
Lindsay Corporation (NYSE: LNN) is described in its public communications as a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. News about LNN often highlights developments across its two reportable segments, Irrigation and Infrastructure, as well as capital allocation decisions and corporate governance updates.
On this page, readers can follow company-issued press releases and other coverage related to Lindsay’s irrigation business, which includes Zimmatic™ center pivot and lateral move systems, FieldNET™ and FieldWise™ remote irrigation management platforms, FieldNET Advisor™ scheduling technology and SmartPivot™ solutions such as TowerWatch™. News items also discuss large-scale irrigation and technology projects in regions such as the Middle East and North Africa, South America and Brazil, where Lindsay supplies Zimmatic systems and FieldNET technology to support localized food production and sustainable agriculture initiatives.
For the Infrastructure segment, news typically covers sales and leasing activity for Road Zipper System™ projects, demand for road safety products, and performance of brands such as Barrier Systems™, Road Zipper™ and Snoline™. Earnings releases provide segment revenue trends, operating margins and commentary on market conditions in North America and international markets.
Investors and analysts can also use this news feed to monitor announcements about quarterly and annual financial results, regular cash dividends, share repurchase authorizations, executive appointments, board changes and management incentive plans, many of which are also reflected in related Form 8-K filings. Bookmarking this page allows users to quickly review Lindsay Corporation’s latest company-reported developments in irrigation technology, transportation infrastructure equipment and corporate strategy.
Lindsay Corporation (NYSE: LNN) has launched the smart pivot, a new mechanized irrigation solution that enhances traditional water application with advanced crop and machine health capabilities. This innovation integrates FieldNET advanced agronomics and Zimmatic machine health features, focusing on crop efficiency, water conservation, and operational reliability. The smart pivot utilizes sensors and predictive analytics for real-time monitoring and diagnostics, allowing growers to optimize irrigation and reduce downtimes. Field testing is in progress, with a limited commercial rollout expected in spring 2021.
Lindsay Corporation (NYSE: LNN) has announced the retirement of President and CEO Tim Hassinger, effective December 31, 2020. Randy Wood, currently Chief Operating Officer, will succeed him from January 1, 2021. Under Hassinger’s leadership since 2017, the company achieved significant cost savings and improved operating margins through the Foundation for Growth initiative. Wood has extensive experience within the company, previously leading the irrigation business and helping grow international operations. The board is confident in Wood’s ability to lead Lindsay’s continued success.
Lindsay Corporation (NYSE: LNN), a global leader in irrigation and infrastructure technology, will host a Virtual Investor Event on November 17, 2020, from 10:00 a.m. to 1:00 p.m. EST. The executive team will discuss the company's strategic growth priorities and technological innovations designed to tackle global megatrends. A live video webcast and presentation materials will be available on the company's investor relations page, with archived presentations provided afterward. Established in 1955, Lindsay focuses on sustainable solutions for food, fuel, and transportation needs.
Lindsay Corporation (NYSE: LNN) announced a collaboration with Microsoft to develop innovative digital solutions to enhance irrigation management. Utilizing Microsoft Azure IoT Edge and Machine Learning, this partnership aims to improve scalability and efficiency in agriculture. The integrated solution is expected to save over 700 billion gallons of water and more than one billion kilowatt hours of energy by 2022. A comprehensive strategic direction will be shared on November 12, 2020, through a public virtual event.
Lindsay Corporation (LNN) reported a strong Q4 for fiscal 2020, with revenues of $128.4 million, up 26% from $101.9 million year-over-year. Net earnings surged to $14.7 million or $1.35 per diluted share compared to $1.5 million or $0.14 per share last year. For the full year, revenues reached $474.7 million, reflecting a 7% increase, while net earnings rose to $38.6 million or $3.56 per share. The company highlighted significant growth in both irrigation and infrastructure segments, especially driven by the Road Zipper® project in the U.K.
Lindsay Corporation (NYSE: LNN) has declared a quarterly cash dividend of $0.32 per share, payable on November 30, 2020, to shareholders of record by November 16, 2020. As of October 20, 2020, the company had approximately 10.8 million shares outstanding. Established in 1955, Lindsay is a global leader in manufacturing irrigation and infrastructure equipment, providing innovative solutions to meet global demands.
Lindsay Corporation (NYSE: LNN) has announced it will release financial results for its fiscal Q4 and year ended August 31, 2020, before market open on October 22, 2020. Management, including CEO Tim Hassinger, COO Randy Wood, and CFO Brian Ketcham, will discuss these results in a conference call at 11:00 a.m. EDT. Interested investors can pre-register for the call or dial in using provided numbers. The event will also be available for live streaming on the company's investor relations website.
Lindsay Corporation (NYSE: LNN) has launched FieldNET with WaterTrend, a feature enhancing its irrigation management platform. The tool provides growers with a 7-day forecast of crop water usage and precipitation. It integrates advanced technology for tailored irrigation decisions, supporting growers globally without additional cost. This innovation reflects Lindsay's commitment to sustainability, aiming to save over 700 billion gallons of water and one billion kilowatt hours of energy by 2022.
Lindsay Corporation (NYSE: LNN) has announced that its FieldNET Pivot Watch, a remote irrigation monitoring solution, is now available for purchase on Amazon for customers in the U.S. and Canada. The solar-powered device allows growers to monitor irrigation systems from anywhere using integrated cellular connectivity and GPS. Priced at $440 USD, the package includes a one-year monitor-only subscription to FieldNET. This easy-to-install, DIY solution aims to enhance accessibility for growers while providing ongoing customer support via local Zimmatic dealers.