Lindsay Stock Price, News & Analysis

Lindsay Corporation (NYSE: LNN) reported a strong first quarter for fiscal 2023, with net earnings soaring to $18.2 million or $1.65 per diluted share, more than double from $7.9 million or $0.72 a year ago. Total revenues reached $176.2 million, a 6% increase from $166.2 million in the prior year. The irrigation segment saw revenues rise 4% while infrastructure revenues surged 19%. Despite solid performance, the backlog of unfilled orders decreased to $129.6 million from $154.8 million year-over-year.

Lindsay Corporation (NYSE: LNN) announced the launch of its modernized Road Zipper barrier transfer machine on January 4, 2023. This updated system features a new design and enhanced operator safety and efficiency with two operator cabins. Key improvements include spacious interiors, advanced visibility systems, and ergonomic controls. The new Road Zipper System will be classified into two series: the Titan series for permanent projects and the Genesis series for short-term use. These innovations reinforce Lindsay's commitment to customer-first solutions in transportation safety.

Lindsay Corporation (NYSE: LNN) will release its fiscal 2023 Q1 financial results on January 5, 2023, before market opening. CEO Randy Wood and CFO Brian Ketcham will discuss the results in a conference call at 11:00 a.m. ET. Investors can pre-register for the call or join via phone. The results pertain to the quarter ending November 30, 2022. The company specializes in irrigation and infrastructure equipment, serving agricultural and transportation sectors globally.

Lindsay Corporation (NYSE: LNN) announced a strategic partnership with Ceres Imaging on December 19, 2022. This collaboration integrates high-resolution imagery into Lindsay's FieldNET irrigation management platform, enhancing growers' ability to monitor crop health and optimize irrigation strategies. Key indicators available include canopy density, soil composition, and water stress. The partnership aims to support sustainable agriculture practices by providing growers with tailored solutions, thereby maximizing yield potential.

Lindsay Corporation (NYSE: LNN), a global leader in irrigation and infrastructure technology, announced its participation in the Baird 2022 Global Industrial Conference. Randy Wood, CEO, and Brian Ketcham, CFO, will present on November 10, 2022, at 2:10 pm ET. The company will also conduct one-on-one meetings with investors on the same day. A live webcast of the presentation will be available on the company's website.

Lindsay Corporation (NYSE: LNN) is set to celebrate its 25th anniversary of being listed on the New York Stock Exchange by ringing the Closing Bell on Thursday, October 27. President & CEO Randy Wood will lead the ceremony alongside board members. In a statement, Wood expressed gratitude to shareholders for their support and reiterated the company's commitment to providing innovative solutions that conserve resources and enhance quality of life. Lindsay is recognized globally for its irrigation and infrastructure technology, notably through its Zimmatic® and FieldNET® brands.

Lindsay Corporation (NYSE: LNN) has declared a quarterly cash dividend of $0.34 per share, to be paid on November 30, 2022. Shareholders on record as of November 16, 2022 are eligible. The company has around 11.0 million shares outstanding as of October 18, 2022. Lindsay Corporation specializes in manufacturing irrigation and infrastructure equipment, supporting global agricultural and transportation needs. For more details, visit lindsay.com.

Lindsay Corporation (NYSE: LNN) reported a significant increase in earnings and revenues for the fourth quarter and full fiscal year ending August 31, 2022. Fourth quarter revenues reached $190.2 million, a 24% year-over-year increase, with net earnings of $17.9 million ($1.62 per share), up from $5.8 million in the previous year. For the full year, total revenues hit an all-time high of $770.7 million, a 36% increase, with net earnings of $65.5 million ($5.94 per share). Demand for irrigation equipment, especially in North America, was strong, driven by storm damage replacement sales.

Lindsay Corporation (NYSE: LNN) plans to release its financial results for the fiscal 2022 fourth quarter and year ended August 31, 2022, on October 20, 2022, before market opening. Management, including CEO Randy Wood and CFO Brian Ketcham, will host a conference call that day at 11:00 a.m. ET to discuss the results. Interested investors can pre-register for the teleconference or access it via the company's website. Lindsay Corporation is recognized for its innovation in irrigation and infrastructure equipment.