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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.
On July 8, 2021, Lindsay Corporation (NYSE: LNN) announced that Reece Andrews, their senior product manager for FieldNET and Zimmatic Controls, was awarded Innovator of the Year by the Irrigation Association. With 24 years at Lindsay, Andrews has developed numerous technologies that enhance crop health and sustainability. His innovations, including the ultra-low cost FieldNET Pivot Watch, have previously garnered accolades, making him a recognized leader in irrigation technology. Lindsay's President praised Andrews for his focus on grower needs and contributions to making FieldNET the top irrigation management platform.
Lindsay Corporation (NYSE: LNN) has declared a quarterly cash dividend of $0.33 per share, payable on August 31, 2021, to shareholders on record as of August 17, 2021. With approximately 10.9 million shares outstanding, Lindsay continues to prioritize return on investment for its shareholders. Established in 1955, the company specializes in irrigation and infrastructure solutions, catering to the global demand for food and transportation. Their brands include Zimmatic® irrigation systems and Lindsay Transportation Solutions.
Lindsay Corporation (NYSE: LNN) reported strong Q3 fiscal 2021 results, with revenues of $161.9 million, a 32% increase from $123.1 million in Q3 2020. Net earnings rose to $17.8 million, or $1.61 per diluted share, up from $10.1 million, or $0.93 per share last year. The irrigation segment led with revenues of $140.2 million (+47%), bolstered by higher sales volumes and prices. However, the infrastructure segment saw a 21% revenue decline to $21.8 million due to lower Road Zipper System sales, impacted by COVID-19 delays. The backlog of unfilled orders increased to $120.8 million.
Lindsay Corporation (NYSE: LNN) will release its fiscal 2021 third quarter financial results on July 1, 2021, before market opens. CEO Randy Wood and CFO Brian Ketcham will discuss the results during a conference call at 11:00 a.m. ET. Investors can pre-register for the call and access it via the company’s website. Lindsay Corporation, established in 1955, specializes in irrigation and infrastructure equipment, focusing on innovative solutions to meet global demands in agriculture and transportation.
Lindsay Corporation (NYSE: LNN) announced participation in the Stifel 2021 Virtual Cross Sector Insight Conference from June 8-10, 2021. Randy Wood, President and CEO, and Brian Ketcham, SVP and CFO, will host a fireside chat on June 10 at 10:00 a.m. ET, available for live viewing on the company’s investor relations webpage. Lindsay Corporation is a leader in irrigation and infrastructure solutions, providing innovative products to meet global needs in agriculture and transportation. For more information, visit www.lindsay.com.
Lindsay Corporation (NYSE: LNN) has announced its participation in the Oppenheimer 16th Annual Industrial Growth Conference, scheduled for May 4-5, 2021. President and CEO Randy Wood, along with CFO Brian Ketcham, will engage in a fireside chat on May 4 at 12:45 p.m. ET. The chat will be webcast live and available on the company’s website. Lindsay Corporation, founded in 1955, specializes in irrigation and infrastructure equipment, including Zimmatic and FieldNET. It also leads in transportation solutions with brands like Barrier Systems and Road Zipper.
Lindsay Corporation (NYSE: LNN) reported a 26% revenue increase to $143.6 million for Q2 fiscal 2021, compared to $113.8 million in the prior year. Net earnings surged to $11.9 million, or $1.08 per diluted share, up from $5.5 million, or $0.51 per diluted share. Growth was fueled by strong demand for irrigation equipment driven by high commodity prices. The irrigation segment saw a 27% revenue rise to $118.6 million, while the infrastructure segment grew 23% to $25.0 million. The backlog of orders decreased to $101.4 million, reflecting prior large orders not repeating.
Outlook remains positive despite challenges from rising raw material costs and ongoing supply chain issues.
Lindsay Corporation (NYSE: LNN) has declared a quarterly cash dividend of $0.33 per share, an increase of 3.1% from the previous rate of $0.32. This dividend will be payable on May 28, 2021, to shareholders of record as of May 14, 2021. The new annual indicated rate is $1.32 per share, up from $1.28. As of January 4, 2021, there are approximately 10.9 million shares outstanding, traded under the symbol LNN.
Lindsay Corporation (NYSE: LNN) plans to release its fiscal 2021 second quarter financial results on April 6, 2021, before market open. The results will be discussed in a conference call at 11:00 a.m. ET on the same day, led by CEO Randy Wood and CFO Brian Ketcham. Investors can pre-register for the call or access it live via the company's website. Lindsay Corporation specializes in irrigation and infrastructure technology, providing solutions for agricultural and transportation needs. More information is available at www.lindsay.com.
On February 16, 2021, Lindsay Corporation (NYSE: LNN) introduced RoadConnect, a cloud-based remote asset monitoring platform designed for the transportation sector. It assists Departments of Transportation (DOTs) in tracking roadside assets such as crash cushions and guardrails, enhancing operational efficiency and road safety. RoadConnect meets new federal requirements by providing real-time asset monitoring, notifications, and detailed data. Additionally, it integrates with ImpactAlert for improved worker safety. Full deployment is anticipated this spring in the United States.
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