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.
Overview of Lindsay Corporation
Lindsay Corporation (LNN) has established itself as a global innovator in irrigation technology, water management, and infrastructure equipment over the past six decades. With a pioneering spirit in center pivot and lateral move irrigation systems, Lindsay not only provides cutting‐edge agricultural solutions but also advances road safety through its comprehensive range of infrastructure products. The company operates across diverse global markets, leveraging advanced technology and engineering expertise to deliver integrated solutions that address the needs of modern agriculture and transportation sectors.
Irrigation Solutions and Technological Integration
The irrigation segment stands as the company’s cornerstone, where Lindsay has developed a reputation for designing irrigation systems that optimize water usage and enhance crop yields. Its product suite includes center pivot, lateral move, and hose reel irrigation systems complemented by innovative technology such as GPS positioning, wireless M2M communications, variable rate irrigation, and remote management platforms. FieldNET Advisor and related remote irrigation management tools exemplify how the company uses real-time data, agronomic insights, and advanced telemetry to enable precise water application, reduce input costs, and boost overall farming efficiency.
Infrastructure and Road Safety Innovations
Lindsay’s commitment to excellence extends into the infrastructure segment, where it designs and manufactures products that improve road safety and traffic management. Its innovative crash cushion systems, including solutions like the TAU-XR, are engineered for rapid installation and durability. These products cater to developed and emerging markets where efficient, low-maintenance solutions are crucial for modernizing transportation infrastructure. The company’s approach combines rigorous engineering with practical design, ensuring that infrastructure products not only meet safety standards but also provide ease of maintenance and cost-effectiveness over the long term.
Engineering Expertise and Integrated Solutions
What sets Lindsay apart is its integrated approach to solving complex challenges in both agriculture and transportation. The company brings together consultative engineering services with state-of-the-art equipment, enabling clients to benefit from a single source of dependable technology and support. This integration is seen in the way its irrigation systems are enhanced with remote management capabilities and how its infrastructure products are designed to streamline installation and maintenance processes.
Market Position and Global Reach
Lindsay’s operational excellence is underpinned by decades of research and development, making it a trusted partner for both agricultural stakeholders and transportation agencies. With its irrigation systems in over 90 countries and a significant revenue base in regions like the United States, Lindsay occupies a distinctive market niche. Its emphasis on customer feedback and continuous technological improvement further underscores its role as a sustainability-focused yet commercially robust manufacturer in an increasingly competitive global market.
Commitment to Quality and Continuous Innovation
The company’s sustained success is a testament to its commitment to quality, reliability, and customer-centric innovation. By listening to the needs of growers and transportation authorities alike, Lindsay maintains a dynamic approach to product development. Whether it is through sophisticated remote management platforms that revolutionize irrigation scheduling or through infrastructure products that ensure safer roadways, Lindsay consistently demonstrates its capacity to meet and exceed industry expectations.
Key Features and Industry Applications
- Innovative Irrigation Systems: Center pivot and lateral move technologies that are optimized for varied terrains.
- Advanced Remote Management: Integrated platforms offering real-time data, analysis, and actionable insights for efficient water use.
- Engineered Infrastructure Solutions: Crash cushion systems and other road safety products designed for durability and rapid deployment.
- Global Engineering Services: Consultative support that merges state-of-the-art technology with practical field insights for large-scale agricultural and transportation projects.
Understanding Lindsay's Business Model
Lindsay derives its success from a balanced approach that integrates direct sales of technologically advanced irrigation and infrastructure products with consultative services tailored for large agricultural investors and public safety entities. In its irrigation segment, revenue is driven largely by innovative product systems and technology subscriptions that simplify field management decisions, thereby supporting increased crop productivity and resource conservation. The infrastructure division reinforces this by offering products that are both user-friendly and engineered to meet stringent safety standards.
Conclusion
In summary, Lindsay Corporation is a multifaceted enterprise dedicated to solving critical challenges in water management and road safety through innovative technology and engineering expertise. Its dual focus on irrigation and infrastructure, supported by advanced remote management systems and customer-responsive innovations, positions it as a resilient and knowledgeable player in a dynamic, global market. The company continues to evolve by integrating industry insights, technological advancement, and customer feedback, ensuring its solutions remain relevant and effective for a diverse range of applications.
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.
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.
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