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Stock impact report

Lindsay Corporation Reports Fiscal 2019 Fourth Quarter and Full Year Results

Lindsay Corporation (LNN) 
Last lindsay corporation earnings: 4/7 06:45 am Check Earnings Report
US:NYSE Investor Relations: lindsayir.com
Company Research Source: Business Wire
Market uncertainty continues to impact demand for irrigation equipmentInfrastructure fourth quarter results improved on higher Road Zipper System® revenueReported fourth quarter EPS of $0.14; adjusted fourth quarter EPS of $0.54 OMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its fourth quarter and fiscal year ended August 31, 2019.Fourth Quarter and Full Year SummaryRevenues for the fourth quarter of fiscal 2019 were $101.9 million, a decrease of $21.4 million, or 17 percent, compared to revenues of $123.3 million in the prior year fourth quarter. Approximately $18.7 million of the decrease in revenues was attributable to previously announced business divestitures in the irrigation segment that were part of the Company’s Foundation for Growth initiative. Net earnings for the quarter were $1.5 million, or $0.14 per diluted share, compar Show less Read more
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