Lindsay Stock Price, News & Analysis

Lindsay Corporation (NYSE: LNN) announced a quarterly cash dividend of $0.34 per share, an increase of 3.0% from the previous rate of $0.33. This dividend will be payable on August 31, 2022, to shareholders of record on August 17, 2022. The new annual dividend rate is $1.36, up from $1.32. As of June 25, 2022, the company has approximately 11.0 million shares outstanding, traded on the NYSE under the symbol LNN.

Lindsay Corporation (NYSE: LNN) reported a strong performance in its third quarter of fiscal 2022, with revenues increasing by 32% to $214.3 million and earnings per share (EPS) rising to $2.28. The irrigation segment saw a notable 35% revenue increase, fueled by strong international demand, particularly in Brazil, while infrastructure revenues grew by 17%. Operating income also improved, with irrigation's operating margin at 21%. Although inflation poses challenges, Lindsay remains optimistic about future growth in both irrigation and infrastructure sectors.

Lindsay Corporation (NYSE: LNN) plans to release its fiscal 2022 third quarter financial results on June 30, 2022, before market opening. Management, including CEO Randy Wood and CFO Brian Ketcham, will host a conference call at 11:00 a.m. ET to discuss the results. Investors can pre-register for the teleconference or dial in directly. The call will also be available for live streaming on the company's website, with a replay accessible afterward. Lindsay Corporation specializes in irrigation and infrastructure technology, established in 1955, with a strong focus on innovative solutions.

Lindsay Corporation (NYSE: LNN) has declared a quarterly cash dividend of $0.33 per share, payable on May 31, 2022, to shareholders of record on May 17, 2022. With approximately 11.0 million shares outstanding as of March 31, 2022, the dividend reflects the company's ongoing commitment to returning value to its shareholders. Lindsay Corporation is a global leader in irrigation and infrastructure equipment, continuously innovating to meet the needs of a growing population.

Lindsay Corporation (NYSE: LNN) reported a 39% increase in Q2 revenues to $200.1 million, with EPS of $1.32, up from $1.08 year-over-year. The irrigation segment saw a 52% revenue boost, largely driven by strong agricultural markets, while infrastructure revenue dropped 23% due to lower Road Zipper System® sales. Operating income in the irrigation segment rose 37% to $24.7 million, whereas the infrastructure segment's income plummeted 95% to $0.3 million. The backlog of unfilled orders grew to $111 million. The outlook remains cautious due to inflation and supply chain concerns.

Lindsay Corporation (NYSE: LNN) has announced a strategic partnership with Blyncsy, an AI and machine learning firm, to enhance its RoadConnect platform. This partnership integrates Blyncsy's Payver™ technology, providing real-time detection for roadway conditions, aiming to improve response times by up to 90% and reduce personnel exposure risks by 70%. The collaboration is expected to create exclusive features that will differentiate RoadConnect in the market, supporting Lindsay's goal to deliver smarter, safer roadways.

Lindsay Corporation (NYSE: LNN) will release its fiscal 2022 Q2 financial results on April 5, 2022, prior to market opening. The results cover the period ending February 28, 2022. A conference call with management, including CEO Randy Wood and CFO Brian Ketcham, will be held at 11:00 a.m. ET the same day to discuss the financial outcomes. Interested investors can pre-register for the call via a provided link. The call will be accessible on the company's website for live streaming and replays.

Lindsay Corporation (NYSE: LNN) has announced that President & CEO Randy Wood and CFO Brian Ketcham will present at the Gabelli 32nd Annual Pump, Valve & Water Systems Symposium on February 24, 2022. Their presentation is scheduled for 12:00 p.m. ET, alongside one-on-one meetings throughout the day. A live and archived webcast is available on the company’s investor relations page. Lindsay Corporation is a global leader in manufacturing and distributing irrigation and infrastructure technology, established in 1955, aiming to meet the needs of a growing population.

Lindsay Corporation (NYSE: LNN) declared a quarterly cash dividend of $0.33 per share, payable on February 28, 2022, to shareholders on record as of February 14, 2022. As of January 4, 2022, the company had approximately 11.0 million shares outstanding. Lindsay is a global leader in manufacturing irrigation and infrastructure technology, providing solutions for the growing global population's food, fuel, and transportation needs.