Welcome to our dedicated page for Lindsay news (Ticker: LNN), a resource for investors and traders seeking the latest updates and insights on Lindsay stock.
About Lindsay Corporation
Lindsay Corporation (NYSE: LNN) is a globally recognized manufacturer and distributor of innovative solutions in the fields of irrigation systems and road infrastructure technologies. Established in 1955, the company has spent decades addressing critical global challenges such as sustainable water management for agriculture and improved road safety for transportation networks. With operations spanning over 90 countries, Lindsay has positioned itself as a key player in industries that are essential to supporting the world’s growing population and urbanization trends.
Core Business Segments
Irrigation Division
Lindsay’s Irrigation Division is a pioneer in the field of center pivot and lateral move irrigation systems, offering advanced solutions designed to optimize agricultural productivity. The division provides a comprehensive range of products and services, including GPS-guided systems, variable rate irrigation, wireless telemetry, and IoT-enabled platforms like FieldNET™ and FieldNET Advisor™. These technologies empower growers to make data-driven decisions, conserve water resources, and increase crop yields. By integrating real-time monitoring and predictive analytics, Lindsay’s irrigation solutions cater to the needs of both small-scale farmers and large agricultural enterprises, helping them achieve operational efficiency and sustainability.
Infrastructure Division
The Infrastructure Division, marketed under Lindsay Transportation Solutions, focuses on enhancing road safety and traffic management through innovative products such as the Road Zipper™ movable barrier system, Barrier Systems™, and advanced crash cushion technologies like the TAU-XR™. These solutions are designed to improve roadway efficiency, reduce congestion, and protect lives. With features such as rapid installation and cost-effective maintenance, Lindsay’s infrastructure products address the needs of both developed and emerging markets, making them a reliable choice for contractors and government agencies worldwide.
Market Position and Differentiation
Lindsay Corporation stands out in its industries through its commitment to innovation, customer-centric design, and sustainability. The company’s proprietary technologies, such as the FieldNET platform for remote irrigation management and the TAU-XR crash cushion for road safety, demonstrate its ability to integrate advanced engineering with real-world applications. By addressing the specific needs of growers and transportation authorities, Lindsay has built a reputation for delivering solutions that are both practical and forward-thinking.
Significance in the Industry
Operating at the intersection of agriculture and infrastructure, Lindsay Corporation plays a vital role in supporting global food production and transportation safety. Its irrigation systems help optimize water usage in agriculture, a critical concern in regions facing water scarcity. Meanwhile, its road safety products contribute to reducing traffic-related fatalities and improving the efficiency of transportation networks. This dual focus aligns Lindsay with global priorities such as sustainability, resource efficiency, and urban development.
Conclusion
In summary, Lindsay Corporation leverages decades of expertise and cutting-edge technology to deliver impactful solutions in irrigation and road infrastructure. By addressing the challenges of water management and transportation safety, the company has established itself as a trusted partner for farmers, governments, and contractors worldwide. Its dedication to innovation, sustainability, and customer satisfaction ensures its continued relevance in two of the most essential industries of our time.
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
Lindsay Corporation reported strong first quarter results for fiscal 2022, with revenues increasing by 53% to $166.2 million compared to $108.5 million in the prior year. Net earnings rose to $7.9 million or $0.72 per diluted share, despite a $4.5 million LIFO accounting impact. The irrigation segment saw significant growth, particularly in North America (up 50%) and international markets (up 94%). However, infrastructure revenues declined slightly by 4%. The company's backlog of unfilled orders increased to $154.8 million, reflecting ongoing strong demand.
Lindsay Corporation (NYSE: LNN) will release its financial results for Q1 fiscal 2022, ending November 30, 2021, on January 6, 2022. The announcement will precede a conference call at 11:00 a.m. ET, led by CEO Randy Wood and CFO Brian Ketcham. Investors can register for the call or join live via the company’s investor relations website. Lindsay Corporation is a major player in irrigation and infrastructure technology, providing innovative solutions to global challenges.
Lindsay Corporation (NYSE: LNN) has appointed Michael Stern as an innovation advisor, effective December 16, 2021. Stern, who previously led The Climate Corporation and worked at Bayer, will advise CEO Randy Wood on technology product strategies, marketing, business development, and partnerships. Stern's expertise in data-driven agriculture and sustainable farming practices is expected to enhance Lindsay's commitment to innovation in irrigation and infrastructure solutions.
Lindsay Corporation (NYSE: LNN), a leader in irrigation and infrastructure technology, announces participation in the Baird 2021 Global Industrial Conference on November 10, 2021, at 4:55 p.m. ET. Randy Wood, CEO, and Brian Ketcham, CFO, will present and engage in one-on-one investor calls on the same day. Investors can access the live and archived webcast through the company’s website. Lindsay Corporation, established in 1955, focuses on innovative solutions for agriculture and transportation needs, including Zimmatic® irrigation systems and Barrier Systems® for road safety.
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