Lindsay Earnings Reports

Lindsay Corporation delivered strong Q2 results with record net income and solid performance in both its irrigation and infrastructure segments, driven by international projects and a major Road Zipper System delivery.

Lindsay Corporation reported a 3% increase in total revenues, driven by international irrigation growth, particularly in the MENA region. Net earnings increased by 14% and diluted earnings per share increased by 15%. The infrastructure business saw operating margin expansion, leading to improved operating income despite slightly lower revenues.

Lindsay Corporation's Q4 2024 revenues decreased by 7% to $155.0 million compared to Q4 2023. Operating income decreased by 42% to $13.5 million, and net earnings decreased by 34% to $12.7 million, or $1.17 per diluted share. The decrease was primarily due to lower international irrigation revenues, partially offset by improved infrastructure results.

Lindsay Corporation's third-quarter results showed a decrease in overall revenue due to irrigation segment softness, although this was partially offset by growth in the infrastructure segment. The company secured a large multi-year international irrigation supply agreement valued at more than $100 million and completed $17.9 million in share repurchases during the quarter. Net earnings increased due to an income tax credit in Brazil and higher other income.

Lindsay Corporation reported a 9% decrease in total revenues to $151.5 million, driven by lower irrigation revenues. Diluted earnings per share increased slightly to $1.64. The infrastructure segment experienced meaningful margin expansion due to increased Road Zipper System™ lease revenues.

Lindsay Corporation reported a decrease in total revenues for the first quarter of fiscal year 2024, primarily due to lower international irrigation sales. However, North America irrigation revenue increased, driven by improved demand for irrigation equipment. The infrastructure segment saw improved operating performance due to growth in Road Zipper System leasing.

Lindsay Corporation reported strong Q4 2023 results, driven by international irrigation market growth and resilient North American demand. Record full-year net earnings and EPS were achieved due to operating income and margin expansion. The company's irrigation business led the strong quarterly performance, particularly in South America and Brazil, which achieved record fourth-quarter revenue.

Lindsay Corporation reported a decrease in revenue by 23% to $164.6 million, primarily due to lower irrigation segment sales. Despite the revenue decline, the company maintained a strong operating margin of 16.4% due to disciplined price management and cost control. Net earnings decreased to $16.9 million, or $1.53 per diluted share.

Lindsay Corporation reported a 24% increase in net earnings for the second quarter of fiscal year 2023, reaching $18.1 million, with EPS improving to $1.63. This growth was driven by marked expansion in operating income, despite a decline in total revenues compared to the previous year. Improved price realization and reduced inflationary headwinds contributed to operating income growth and margin expansion across both business segments.

Lindsay Corporation reported a 6% increase in revenue to $176.2 million and net earnings more than doubled to $18.2 million, or $1.65 per diluted share, driven by strong demand for irrigation equipment and increased Road Zipper System sales.

Lindsay Corporation reported strong Q4 2022 results, with consolidated earnings tripling to $17.9 million and EPS reaching $1.62. Revenue increased by 24% to $190.2 million, driven by growth in both the Irrigation and Infrastructure segments. Strong demand for irrigation equipment and increased Road Zipper sales contributed to the positive performance.

Lindsay Corporation reported a 32% increase in consolidated revenues to $214.3 million and EPS of $2.28 for the third quarter of fiscal 2022. The company saw significant growth in irrigation revenues, particularly in international markets, and an increase in infrastructure revenues due to improved road construction activity.

Lindsay Corporation reported a strong second quarter for fiscal year 2022, marked by a 39% increase in consolidated revenues to $200.1 million. The company's EPS reached $1.32, driven by favorable agricultural market conditions and pricing in the irrigation segment, while the infrastructure segment experienced a decline in revenues.

Lindsay Corporation's first quarter fiscal 2022 results showed a 53% increase in revenues to $166.2 million compared to the prior year. Net earnings increased to $7.9 million, or $0.72 per diluted share, but were reduced by an after-tax LIFO impact of $4.5 million, or $0.41 per diluted share.

Lindsay Corporation reported a 20% increase in revenue for the fourth quarter of fiscal year 2021, reaching $153.6 million. Net earnings for the quarter were $5.8 million, or $0.53 per diluted share. The irrigation segment saw a 63% increase in revenue, while the infrastructure segment experienced a 45% decline.

Lindsay Corporation's Q3 2021 revenues increased by 32% to $161.9 million, with EPS of $1.61. The growth was driven by higher agriculture commodity prices and improved demand for irrigation equipment across all geographies. Irrigation revenues increased significantly in both North America and international markets, while infrastructure revenues decreased due to coronavirus-related project delays.

Lindsay Corporation reported a strong second quarter in fiscal year 2021, with revenues increasing by 26% to $143.6 million and net earnings reaching $11.9 million, or $1.08 per diluted share, driven by improved agricultural market conditions and higher Road Zipper System® sales and lease revenue.

Lindsay Corporation reported a slight decrease in revenue but net earnings were impacted by an income tax benefit. The irrigation segment saw revenue growth, while the infrastructure segment experienced a decline compared to a strong prior-year quarter. The company is facing rising raw material costs, which are creating short-term margin headwinds.

Lindsay Corporation reported a strong fourth quarter with revenues increasing by 26% to $128.4 million and EPS improving to $1.35. The company's performance was driven by growth in both the Irrigation and Infrastructure segments.

Lindsay Corporation reported a 2% increase in consolidated revenues to $123.1 million and an EPS of $0.93 for the third quarter of fiscal 2020. The results reflect successful execution of strategic priorities, although revenues were impacted by COVID-19 related shipment and project delays.

Lindsay Corporation reported fiscal year 2020 second quarter results with consolidated revenues of $113.8 million and EPS of $0.51. Revenue growth and margin improvements lead to improved North America irrigation performance. Solid Infrastructure performance was driven by strong revenue growth and favorable margin mix.

Lindsay Corporation reported first quarter fiscal 2020 results with improved results in both the irrigation and infrastructure businesses. Revenues were $109.4 million, a decrease of 2 percent compared to the prior year. Net earnings were $8.3 million, or $0.77 per diluted share, compared with net earnings of $1.2 million, or $0.11 per diluted share, for the prior year.