Lindsay Corporation - LNN STOCK NEWS

Lindsay Corporation (NYSE: LNN) has announced a quarterly cash dividend of $0.32 per share payable on February 26, 2021, to shareholders of record by February 12, 2021. With approximately 10.9 million shares outstanding, this reflects the company's ongoing commitment to return value to its shareholders. Lindsay is a leader in manufacturing and distributing irrigation and infrastructure equipment, addressing the needs of a growing global population since 1955.

Lindsay Corporation (NYSE: LNN) reported its first quarter fiscal 2021 results, ending November 30, 2020, with revenues of $108.5 million, down 1% from $109.4 million in the same quarter last year. Net earnings fell to $7.1 million or $0.65 per diluted share, compared to $8.3 million or $0.77 per share previously. The irrigation segment saw a revenue increase of 5% to $87.4 million, while infrastructure revenue decreased by 19% to $21.1 million. The backlog of orders rose to $89.2 million, signaling future revenue potential.

Lindsay Corporation (NYSE: LNN) will release its fiscal 2021 first-quarter financial results on January 7, 2021, before market open. Management, including incoming President and CEO Randy Wood, will host a conference call at 11:00 a.m. EST the same day to discuss the results. Interested investors can pre-register for the call and will receive a calendar reminder. The call will also be available via the company's website and will include a slide presentation.

Established in 1955, Lindsay Corporation specializes in irrigation and infrastructure solutions.

Lindsay Corporation (NYSE: LNN) has launched the smart pivot, a new mechanized irrigation solution that enhances traditional water application with advanced crop and machine health capabilities. This innovation integrates FieldNET advanced agronomics and Zimmatic machine health features, focusing on crop efficiency, water conservation, and operational reliability. The smart pivot utilizes sensors and predictive analytics for real-time monitoring and diagnostics, allowing growers to optimize irrigation and reduce downtimes. Field testing is in progress, with a limited commercial rollout expected in spring 2021.

Lindsay Corporation (NYSE: LNN) has announced the retirement of President and CEO Tim Hassinger, effective December 31, 2020. Randy Wood, currently Chief Operating Officer, will succeed him from January 1, 2021. Under Hassinger’s leadership since 2017, the company achieved significant cost savings and improved operating margins through the Foundation for Growth initiative. Wood has extensive experience within the company, previously leading the irrigation business and helping grow international operations. The board is confident in Wood’s ability to lead Lindsay’s continued success.

Lindsay Corporation (NYSE: LNN), a global leader in irrigation and infrastructure technology, will host a Virtual Investor Event on November 17, 2020, from 10:00 a.m. to 1:00 p.m. EST. The executive team will discuss the company's strategic growth priorities and technological innovations designed to tackle global megatrends. A live video webcast and presentation materials will be available on the company's investor relations page, with archived presentations provided afterward. Established in 1955, Lindsay focuses on sustainable solutions for food, fuel, and transportation needs.

Lindsay Corporation (NYSE: LNN) announced a collaboration with Microsoft to develop innovative digital solutions to enhance irrigation management. Utilizing Microsoft Azure IoT Edge and Machine Learning, this partnership aims to improve scalability and efficiency in agriculture. The integrated solution is expected to save over 700 billion gallons of water and more than one billion kilowatt hours of energy by 2022. A comprehensive strategic direction will be shared on November 12, 2020, through a public virtual event.

Lindsay Corporation (LNN) reported a strong Q4 for fiscal 2020, with revenues of $128.4 million, up 26% from $101.9 million year-over-year. Net earnings surged to $14.7 million or $1.35 per diluted share compared to $1.5 million or $0.14 per share last year. For the full year, revenues reached $474.7 million, reflecting a 7% increase, while net earnings rose to $38.6 million or $3.56 per share. The company highlighted significant growth in both irrigation and infrastructure segments, especially driven by the Road Zipper® project in the U.K.

Lindsay Corporation (NYSE: LNN) has declared a quarterly cash dividend of $0.32 per share, payable on November 30, 2020, to shareholders of record by November 16, 2020. As of October 20, 2020, the company had approximately 10.8 million shares outstanding. Established in 1955, Lindsay is a global leader in manufacturing irrigation and infrastructure equipment, providing innovative solutions to meet global demands.