Lindsay Stock Price, News & Analysis

Lindsay Corporation (NYSE: LNN) reported a strong second quarter for fiscal 2023, with net earnings up 24% year-over-year to $18.1 million, or $1.63 per share. Despite a 17% decline in total revenues, attributed mainly to its irrigation segment, operating income soared 49% to $27.3 million, reflecting improved profitability and margin expansion. The irrigation segment faced revenue decreases of 18%, while infrastructure operating income rose 523% due to increased lease revenue. The company expresses confidence in future growth, driven by strong agricultural fundamentals and expected U.S. infrastructure spending increases.

Lindsay Corporation (NYSE: LNN), a global leader in irrigation and infrastructure solutions, has announced its second-quarter financial results for the period ending February 28, 2023, set to be released before the market opens on April 4, 2023. Company leadership, including Randy Wood and Brian Ketcham, will discuss the earnings during a conference call at 11:00 a.m. ET the same day. Interested investors can pre-register for the call or join via dial-in numbers. Lindsay Corporation specializes in innovative agricultural and transportation technologies, continuously addressing global food and infrastructure needs.

Lindsay Corporation (NYSE: LNN) announced the launch of the TAU-XR, a new crash cushion designed for easy installation and quick repair. This innovative product is aimed at minimizing downtime for workers and enhancing safety for motorists. The TAU-XR has a double-rail system for efficient repairs and meets MASH testing standards. With plans to gain FHWA eligibility and state DOT approvals in 2023, the TAU-XR underscores Lindsay's commitment to improving roadside safety. Established in 1955, Lindsay continues to be a leader in irrigation and infrastructure technology.

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.