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 (LNN) reports news around its irrigation and infrastructure equipment businesses. The company manufactures and distributes Zimmatic center pivot and lateral move irrigation systems, FieldNET and FieldWise remote irrigation management technology, FieldNET Advisor irrigation scheduling technology, and industrial IoT solutions for agricultural water management.
Recurring updates include quarterly operating results for the Irrigation and Infrastructure segments, demand conditions in North America and international project activity, regular cash dividends, share repurchases, and product launches for transportation safety. Infrastructure news includes Lindsay Transportation Solutions products and brands such as Road Zipper, Snoline, Road Runner truck-mounted attenuators, and AlphaGuard channelizing devices for road, work-zone, and perimeter safety applications.
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.