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.
Lindsay Corporation (LNN) delivers innovative solutions in irrigation technology and transportation infrastructure worldwide. This dedicated news hub provides investors and industry professionals with official updates on strategic developments, financial performance, and technological advancements.
Access timely press releases covering earnings reports, product innovations like the FieldNET Advisor platform, and infrastructure projects enhancing global water management and road safety. Our curated collection ensures you stay informed about Lindsay's market leadership in sustainable agriculture and engineered transportation solutions.
Explore updates on international expansion, partnership announcements, and regulatory milestones. Bookmark this page for direct access to Lindsay's verified corporate communications, designed to support informed decision-making with accurate, up-to-date information.
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.
Lindsay Corporation (NYSE: LNN) has announced the appointment of Ibrahim Gokcen to its Board of Directors. Gokcen, 43, is the President & Chief Revenue Officer of Open Insights LLC and has held senior roles at Schneider Electric and A.P. Moller Maersk. With a PhD in Computer Science and expertise in digital transformation, Gokcen's experience in artificial intelligence and IoT is expected to enhance Lindsay's strategic growth. Chairman Robert Brunner and CEO Randy Wood expressed optimism about his contributions to the board.
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.
