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Stock impact report

Lindsay (LNN) Earnings Top Estimates in Q2, Revenues Dip Y/Y [Yahoo! Finance]

Lindsay Corporation (LNN) 
Last lindsay corporation earnings: 4/7 06:45 am Check Earnings Report
US:NYSE Investor Relations: lindsayir.com
Company Research Source: Yahoo! Finance
The bottom line rose 1% year over year. Lindsay generated revenues of $152 million, down 8.8% from the $166 million reported in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $171 million. The company's backlog as of Feb 29, 2024, was $94 million compared with $95 million as of Feb 28, 2023. Our model predicted the backlog to be $94 million for the quarter. Operational Update The cost of operating revenues fell 8.4% year over year to $103 million. The gross profit was down 9.8% to $49 million from the year-earlier quarter. The gross margin was 32.3% compared with the year-ago quarter's 32.6%. Lindsay Corporation Price, Consensus and EPS Surprise Lindsay Corporation price-consensus-eps-surprise-chart | Lindsay Corporation Quote Operating expenses were $27 million in the fiscal second quarter, down 0.5% year over year. Operating income was $22 million, down from the prior-year quarter's $27 million. Segmental Results The Irrigation segment's Show less Read more
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