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Lindsay Corporation - LNN STOCK NEWS

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.

News

Lindsay Corporation Reports Second Quarter Fiscal 2024 Results

Rhea-AI Summary
Lindsay (NYSE: LNN) reports a 9% decrease in total revenues to $151.5 million for the second quarter of FY2024. Diluted earnings per share increased to $1.64 from $1.63 in the prior year quarter. The company highlights stable irrigation demand in North America but a decline in Brazil due to lower commodity prices. The Road Zipper System™ lease revenues support margin expansion in the infrastructure segment. Lindsay continues to invest in innovation and plans to expand its manufacturing facility with Industry 4.0 technologies.
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Lindsay Announces Agreement to Acquire a Minority Interest in Pessl Instruments

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Lindsay (NYSE: LNN) has agreed to acquire a 49.9% minority interest in Pessl Instruments GmbH, a global provider of advanced agricultural technology solutions. This investment builds on their previous partnership and aims to enhance technology solutions for agricultural producers worldwide.
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Lindsay Corporation Announces Second Quarter Fiscal 2024 Earnings Conference Call and Webcast

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Lindsay (NYSE: LNN) will release its fiscal 2024 second-quarter financial results on April 4, 2024. The conference call will be hosted by the management team led by Randy Wood, President, and CEO, and Brian Ketcham, CFO.
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Lindsay to Invest Over $50M to Expand, Modernize Manufacturing Facility

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Lindsay Corporation (NYSE: LNN) plans to invest over $50 million in its largest global manufacturing facility in Lindsay, Neb. The investment aims to modernize the facility with Industry 4.0 technologies, expand the footprint, and enhance product quality. The company expects to accelerate innovation, improve efficiency, and achieve best-in-class performance and service.
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Lindsay Corporation Announces Quarterly Cash Dividend

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Lindsay Corporation (LNN) declared a regular quarterly cash dividend of $0.35 per share, payable on February 29, 2024, to shareholders of record at the close of business on February 15, 2024. As of January 2, 2024, Lindsay Corporation had approximately 11.0 million shares outstanding, traded on the New York Stock Exchange under the symbol LNN.
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Lindsay Corporation Reports Fiscal 2024 First Quarter Results

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Lindsay Corporation (LNN) announced results for its first quarter, reporting North America irrigation revenue growth, improved demand for irrigation equipment, and stable irrigation equipment pricing. However, total revenues decreased by 8% to $161.4 million, with net earnings down by 18% to $15.0 million. International irrigation sales were lower, impacting operating income and margin. Infrastructure segment revenues decreased by 12% to $21.2 million, with a backlog of unfilled orders at $86.8 million.
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Lindsay Corporation Announces First Quarter Fiscal 2024 Earnings Conference Call and Webcast

Rhea-AI Summary
Lindsay Corporation (NYSE: LNN) plans to release financial results for its fiscal 2024 first quarter on January 4, 2024. The company will host a conference call to discuss the results, with management including President and CEO Randy Wood and CFO Brian Ketcham. Interested investors can pre-register for the teleconference and access it via the company's website.
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Lindsay Corporation Announces Quarterly Cash Dividend

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Lindsay Corporation declares quarterly cash dividend of $0.35 per share
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Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2023 Results

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Lindsay Corporation reports strong fourth-quarter earnings driven by growth in international irrigation markets and record revenues in Brazil. Full-year net earnings and earnings per share reach record levels. Free cash flow generation exceeds objectives.
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Lindsay Corporation Announces Fourth Quarter and Fiscal Year-End Earnings Conference Call and Webcast

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Lindsay Corporation to release financial results for Q4 and FY2023 on October 19, 2023.
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FAQ

What is the current stock price of Lindsay Corporation (LNN)?

The current stock price of Lindsay Corporation (LNN) is $129.47 as of December 3, 2024.

What is the market cap of Lindsay Corporation (LNN)?

The market cap of Lindsay Corporation (LNN) is approximately 1.4B.

What does Lindsay Corporation do?

Lindsay Corporation provides innovative water management and road infrastructure products and services, including irrigation systems and road safety equipment.

What are Lindsay's main business segments?

Lindsay operates in two main segments: Irrigation and Infrastructure.

Where does Lindsay Corporation generate most of its revenue?

Lindsay generates the majority of its revenue from its irrigation segment, primarily in the United States.

What recent investments has Lindsay Corporation announced?

Lindsay announced a $50 million investment to modernize its largest global manufacturing facility in Nebraska, incorporating Industry 4.0 technologies.

What brands are part of Lindsay's irrigation division?

Lindsay's irrigation brands include Zimmatic™, FieldNET™, and FieldNET Advisor™.

How does Lindsay contribute to road infrastructure?

Lindsay Transportation Solutions manufactures road safety and traffic management equipment, including the Barrier Systems™, Road Zipper™, and Snoline™ brands.

In how many countries does Lindsay's irrigation system operate?

Lindsay's irrigation systems operate in more than 90 countries.

What technologies does Lindsay use in its irrigation systems?

Lindsay uses technologies such as GPS positioning, wireless irrigation management, and variable rate irrigation.

When was Lindsay Corporation founded?

Lindsay Corporation was founded in 1955.

Where is Lindsay Corporation headquartered?

Lindsay Corporation is headquartered in Omaha, Nebraska.

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Lindsay Corporation

NYSE:LNN

LNN Rankings

#2277 Ranked by Market Cap
#1733 Ranked by Dividends

LNN Stock Data

1.44B
10.76M
0.86%
105.2%
2.94%
Farm & Heavy Construction Machinery
Farm Machinery & Equipment
Link
United States of America
OMAHA