LNN Stock Recent News

Lindsay Corporation (NYSE:LNN) stock climbed 21% to $129.20 in late-morning trading on Thursday after the manufacturer and distributor of irrigation and infrastructure equipment and technology reported record full year 2023 net earnings of $72.4 million, or $6.54 per share, boosted by growth in international irrigation revenues, particularly in Brazil.  The company also noted its fiscal 2023 free cash flow generation reached 139% of net earnings.

Lindsay (LNN) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.62 per share a year ago.

OMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it plans to release financial results for its fiscal 2023 fourth quarter and fiscal year ended August 31, 2023 before the market opens on Thursday, October 19, 2023. Management, including Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will h.

Lindsay Corporation faces revenue headwinds in the near term due to weakness in the irrigation segment and farmers' hesitation to invest. The infrastructure segment shows potential with government funding for road construction, but it is not expected to offset the decline in irrigation. The company's margin outlook is not encouraging either, with operating deleverage from sales declines impacting margins.

Weak irrigation volumes, higher operating expenses and supply-chain constraints are impacting Lindsay's (LNN) results and price performance.

Lindsay Corp. LNN, -0.24%, a maker of irrigation and infrastructure equipment and technology, said Friday its board has agreed to raise its quarterly dividend to 35 cents a share from 34 cents previously. The new payment will be made Aug. 31 to shareholders of record as of Aug. 17.

Lindsay Corp. ( LNN , Financial) is a leading provider of specialized water management and road infrastructure products and services. With two distinct reporting segments, Irrigation and Infrastructure, the company caters to the needs of both the agricultural and transportation industries.

Lindsay's (LNN) fiscal third-quarter results reflect lower revenues across its segments.

Lindsay failed to meet analysts' top- and bottom-line expectations. The company reported operating income margin expansion in two segments.

Lindsay (LNN) came out with quarterly earnings of $1.53 per share, missing the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $2.28 per share a year ago.