Welcome to our dedicated page for Lindsay Corporation news (Ticker: LNN), a resource for investors and traders seeking the latest updates and insights on Lindsay Corporation stock.
Lindsay Corporation (NYSE: LNN) is a global leader in providing innovative water management and road infrastructure products and services. Founded in 1955 and based in Omaha, Nebraska, Lindsay has grown to be a key player in the irrigation and infrastructure sectors.
Irrigation Division: Lindsay's irrigation systems, including center pivot and lateral move systems, operate in over 90 countries. With brands like Zimmatic™ and technologies such as FieldNET™ and FieldNET Advisor™, Lindsay offers advanced solutions like GPS positioning, wireless irrigation management, and variable rate irrigation to help increase crop yields and optimize water use.
Infrastructure Division: Known for its Lindsay Transportation Solutions, the company manufactures equipment aimed at enhancing road safety and traffic management. Products include the Barrier Systems™, Road Zipper™, and Snoline™ brands.
Recently, Lindsay announced a $50 million investment to modernize its largest global manufacturing facility in Lindsay, Nebraska. This initiative includes the adoption of Industry 4.0 technologies, which encompass data connectivity, analytics, artificial intelligence, and automation, and aims to improve operational efficiency and product quality.
Financially, Lindsay generates the majority of its revenue from its irrigation segment, primarily from the United States. The company's strong focus on research and development ensures that it remains at the forefront of technological advancements, providing meaningful innovations to meet the needs of a growing global population.
Lindsay (NYSE: LNN) announced updates to its FieldNET Advisor™, an award-winning irrigation management solution, on May 16, 2024. These enhancements aim to improve irrigation decisions for growers, offering real-time data upgrades, whole farm management, and simplified subscriptions.
Key improvements include easy enrollment, satellite imagery for real-time crop water usage, mobile device accessibility, and the integration of local weather data. These features are designed to help reduce input costs, conserve resources, and optimize water use, ultimately supporting healthier crops and boosting profitability.
FieldNET Advisor combines advanced technology and agronomics, expanding its traditional pivot capabilities to provide smarter, more sustainable farming practices. The updates reflect Lindsay's commitment to incorporating grower feedback to refine its offerings and maximize yields.
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