LNN Stock Recent News

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.

Lindsay Corporation's financial performance has improved, leading to an upgrade from a "sell" to a "hold" rating. Despite a drop in revenue, profitability has increased, with net income growing from $22.5 million to $36.3 million. The company's stock is still relatively expensive compared to similar firms, but not as much as it was last year.

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 third quarter ended May 31, 2023 before the market opens on Thursday, June 29, 2023. Executive Management, including Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will host a conference call to.

OMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will present at the William Blair 43rd Annual Growth Stock Conference, being held June 6 - 8, 2023 at The Loews in Chicago, IL. Management's presentation is scheduled to begin on Tuesday, J.

Lindsay (LNN) benefits from the strong demand for irrigation equipment and Road Zipper System, offset by higher input costs.

Lindsay reported a sharp decline in revenue, but an increase in profits. Inflation and interest rates are cutting both ways for this irrigation specialist.