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) 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.
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