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Stock impact report

Lindsay Corporation Reports Fiscal 2024 First Quarter 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
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 first quarter which ended on November 30, 2023.Key HighlightsNorth America irrigation revenue growth driven by improved demand for irrigation equipmentIrrigation equipment pricing remains stable, supporting gross margin improvementImproved infrastructure operating performance driven by growth in Road Zipper SystemTM leasing“Demand for irrigation equipment in North America improved in the quarter, reflecting increased order activity as grower profitability became more certain post-harvest compared to the delayed investment decisions we had experienced in last year's spring selling season,” said Randy Wood, President and Chief Executive Officer. "Quoting activity in international irrigation markets remains active and growing, however revenues for the quarter were lower in South America Show less Read more
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