LNN Stock Recent News

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 2024 first quarter ended November 30, 2023 before the market opens on Thursday, January 4, 2024. Management, including Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will host a conference.

Lindsay (LNN) benefits from solid demand amid supply constraints and elevated prices.

Investors interested in Manufacturing - Farm Equipment stocks are likely familiar with Kubota Corp. (KUBTY) and Lindsay (LNN). But which of these two stocks offers value investors a better bang for their buck right now?

Lindsay's (LNN) fiscal 2023 bottom and top lines surpass estimates.

Lindsay Corporation (LNN) Q4 2023 Earnings Call Transcript

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.