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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 Corporation (NYSE: LNN) has appointed Brian Magnusson as Senior Vice President of Strategy & Business Development. This newly created position aims to advance the company's strategic growth plan and value creation through corporate strategies, including partnerships and M&A. Reporting to President and CEO Randy Wood, Magnusson has extensive experience since joining Lindsay in 2015 and held various key roles. Wood expressed confidence in Magnusson's ability to drive growth through strategic initiatives. Magnusson aims to enhance Lindsay's strategic vision and deliver value to customers and shareholders.
Lindsay Corporation (NYSE: LNN) has appointed Alpha IR Group as its new investor relations advisor to enhance its investor communications strategy. Brian Ketcham, Lindsay's CFO, expressed confidence that Alpha IR will provide significant strategic value to the company as it aims to improve its market awareness and growth objectives. Chris Hodges, CEO of Alpha IR, highlighted Lindsay's strong market position and growth potential, asserting their commitment to enhancing the company's investor relations efforts. Established in 1955, Lindsay is a leading global manufacturer of irrigation and infrastructure equipment.
Lindsay Corporation (NYSE: LNN) announced a quarterly cash dividend of $0.34 per share, payable on February 28, 2023, to shareholders recorded as of February 14, 2023. The company has approximately 11.0 million shares outstanding as of January 2, 2023. Established in 1955, Lindsay is a global leader in manufacturing irrigation and infrastructure equipment, catering to the needs of a growing population. Its well-known brands include Zimmatic and FieldNET for irrigation, along with transportation solutions.
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
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