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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 (NYSE: LNN), a global leader in irrigation and infrastructure equipment, announced that Senior Vice President and CFO Brian Ketcham will retire effective December 31, 2025. Ketcham, who joined Lindsay in April 2016, has played a crucial role in strengthening the company's financial strategy and fostering fiscal discipline.
Under Ketcham's leadership, Lindsay has enhanced its global capabilities and built strong relationships with shareholders. The company has initiated a search for a new CFO with help from a leading executive recruiting firm. To ensure a smooth transition, Ketcham will serve as a consultant from his retirement through December 31, 2026.
Lindsay Corporation (NYSE: LNN), a global leader in irrigation and infrastructure equipment manufacturing, has announced a 3% increase in its quarterly cash dividend. The new dividend of $0.37 per share will be payable on August 29, 2025, to shareholders of record as of August 15, 2025.
The increased dividend raises the annual indicated rate to $1.48 per share from the previous $1.44 per share. The company currently has approximately 10.9 million shares outstanding traded on the NYSE.
[ "Quarterly dividend increased by 3% to $0.37 per share", "Annual dividend rate increased to $1.48 per share", "Demonstrates company's commitment to returning value to shareholders" ]Lindsay Corporation (NYSE: LNN) reported strong Q3 fiscal 2025 results with total revenues increasing 22% to $169.5 million. The company's international irrigation segment led growth with a 60% revenue increase, primarily driven by projects in the Middle East and North Africa region. Operating income rose 19% to $23.8 million, while net earnings decreased 4% to $19.5 million due to a one-time tax credit in the prior year.
The irrigation segment saw total revenues of $143.7 million, up 25%, with North America revenues showing modest 1% growth. The infrastructure segment reported revenues of $25.7 million, a 6% increase. The company's backlog stood at $117.1 million, down from $205.9 million in the previous year, primarily due to completion of MENA region project deliveries.
Lindsay (NYSE: LNN), a global leader in irrigation and infrastructure equipment and technology, has announced its participation in the Gabelli Funds 16th Annual Value Investor Conference. The company's executives, President and CEO Randy Wood, along with Senior VP and CFO Brian Ketcham, will participate in an investment panel presentation.
The conference is scheduled to take place at The Hilton Omaha in Omaha, NE. The management's presentation is set for Friday, May 2nd at 9:30 AM CDT. Interested investors can access the live presentation by registering for the event online, after which they will receive a link to attend.
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.