Lindsay Stock Price, News & Analysis

Lindsay (NYSE: LNN) has announced its plans to release financial results for the third quarter ended May 31, 2023 before the market opens on Thursday, June 29, 2023. The company, a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, will host a conference call and webcast on the same day at 11:00 a.m. ET.

Executive Management, including Randy Wood, President and CEO, and Brian Ketcham, Senior VP and CFO, will lead the earnings call. Investors can pre-register for the call or dial in directly. The conference call will also be simulcast live on the Internet via the company's website, www.lindsay.com. A slide presentation will be available to supplement the formal presentation.

Lindsay (NYSE: LNN) and Pessl Instruments have announced a strategic global partnership to integrate Pessl's field monitoring systems with Lindsay's FieldNET® remote irrigation management platform. This collaboration aims to provide growers with enhanced access to water management solutions for improved efficiency and performance.

The partnership will allow growers to access Pessl's field monitoring systems, including weather stations and soil moisture probes, within the FieldNET platform. This integration will offer real-time insights into crop water needs and enhance growers' ability to remotely monitor, control, analyze, and apply irrigation recommendations. Growers using FieldNET Advisor® will benefit from enhanced predictive analytics through Pessl's field monitoring systems.

The combined expertise of Pessl and Lindsay is expected to revolutionize irrigation management, logistics, and plant protection for farmers, enabling them to make informed decisions and save time and resources.

Lindsay Corporation (NYSE: LNN) has declared a regular quarterly cash dividend of $0.34 per share, scheduled for payment on May 31, 2023. The dividend will be distributed to shareholders of record at the close of business on May 17, 2023. As of April 1, 2023, there are approximately 11.0 million shares outstanding. Established in 1955, Lindsay Corporation is a global manufacturer of irrigation and infrastructure equipment, focusing on innovative solutions to meet the growing needs for food, fuel, and transportation.

Lindsay Corporation (NYSE: LNN) reported a strong second quarter for fiscal 2023, with net earnings up 24% year-over-year to $18.1 million, or $1.63 per share. Despite a 17% decline in total revenues, attributed mainly to its irrigation segment, operating income soared 49% to $27.3 million, reflecting improved profitability and margin expansion. The irrigation segment faced revenue decreases of 18%, while infrastructure operating income rose 523% due to increased lease revenue. The company expresses confidence in future growth, driven by strong agricultural fundamentals and expected U.S. infrastructure spending increases.

Lindsay Corporation (NYSE: LNN), a global leader in irrigation and infrastructure solutions, has announced its second-quarter financial results for the period ending February 28, 2023, set to be released before the market opens on April 4, 2023. Company leadership, including Randy Wood and Brian Ketcham, will discuss the earnings during a conference call at 11:00 a.m. ET the same day. Interested investors can pre-register for the call or join via dial-in numbers. Lindsay Corporation specializes in innovative agricultural and transportation technologies, continuously addressing global food and infrastructure needs.

Lindsay Corporation (NYSE: LNN) announced the launch of the TAU-XR, a new crash cushion designed for easy installation and quick repair. This innovative product is aimed at minimizing downtime for workers and enhancing safety for motorists. The TAU-XR has a double-rail system for efficient repairs and meets MASH testing standards. With plans to gain FHWA eligibility and state DOT approvals in 2023, the TAU-XR underscores Lindsay's commitment to improving roadside safety. Established in 1955, Lindsay continues to be a leader in irrigation and infrastructure technology.

Lindsay Corporation (NYSE: LNN) has appointed Brian Magnusson as Senior Vice President of Strategy & Business Development. This newly created position aims to advance the company's strategic growth plan and value creation through corporate strategies, including partnerships and M&A. Reporting to President and CEO Randy Wood, Magnusson has extensive experience since joining Lindsay in 2015 and held various key roles. Wood expressed confidence in Magnusson's ability to drive growth through strategic initiatives. Magnusson aims to enhance Lindsay's strategic vision and deliver value to customers and shareholders.

Lindsay Corporation (NYSE: LNN) has appointed Alpha IR Group as its new investor relations advisor to enhance its investor communications strategy. Brian Ketcham, Lindsay's CFO, expressed confidence that Alpha IR will provide significant strategic value to the company as it aims to improve its market awareness and growth objectives. Chris Hodges, CEO of Alpha IR, highlighted Lindsay's strong market position and growth potential, asserting their commitment to enhancing the company's investor relations efforts. Established in 1955, Lindsay is a leading global manufacturer of irrigation and infrastructure equipment.