Lindsay Q2 2020 Earnings Report
Key Takeaways
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.
Consolidated revenues reached $113.8 million.
Earnings per share (EPS) was $0.51.
North America irrigation performance improved due to revenue growth and margin improvements.
Infrastructure performance was solid, driven by strong revenue growth and favorable margin mix.
Lindsay
Lindsay
Lindsay Revenue by Geographic Location
Forward Guidance
The business impact of the COVID-19 coronavirus pandemic remains uncertain at this time and depends on numerous evolving factors that are difficult to predict. Lindsay is well positioned with a strong balance sheet and sufficient liquidity as they navigate the current COVID-19 environment.
Positive Outlook
- Award of a large Road Zipper System project with Highways England.
- Continued growth with a key customer in Japan.
- Infrastructure growth strategy continues to gain traction.
- Strong balance sheet.
- Sufficient liquidity.
Challenges Ahead
- Potential impact of the U.S.-China Phase 1 trade agreement remains uncertain.
- Commodity prices reflect this uncertainty.
- Business impact of the COVID-19 coronavirus pandemic remains uncertain.
- Depends on numerous evolving factors that are difficult to predict.
- First priority is the health and safety of employees, customers, partners and global community.
Revenue & Expenses
Visualization of income flow from segment revenue to net income