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Stock impact report

Lindsay Corporation Reports Second Quarter Fiscal 2024 Results [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
OMAHA, Neb., April 04, 2024 BUSINESS WIRE )--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its second quarter ended on February 29, 2024. Key Highlights Total revenues decreased 9 percent to $151.5 million on lower irrigation revenues Increased Road Zipper System™ lease revenues support accretive sales mix shift and improved infrastructure results Diluted earnings per share of $1.64 compared to $1.63 in the prior year quarter "Demand for irrigation equipment in North America remained stable during our second quarter and in line with our expectations, supported by grower investment from the carryover impact of solid farm profits realized last year," said Randy Wood, President and Chief Executive Officer. "In Brazil, a significant drop in commodity prices during the quarter coupled with the anticipated impact of reduced yields for the current crop has reduce Show less Read more
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