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Feb 28, 2022
Lindsay Q2 2022 Earnings Report
Reported a 39 percent increase in second quarter consolidated revenues, reaching $200.1 million, with an EPS of $1.32.
Key Takeaways
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.
Consolidated revenues increased 39 percent to $200.1 million with EPS of $1.32.
Irrigation revenues increased 52 percent due to strength in agricultural markets and favorable pricing.
Infrastructure revenues decreased 23 percent due to lower Road Zipper System sales.
Global agricultural market conditions continue to be favorable, contributing to increased demand for irrigation equipment.
Revenue by Geographic Location
Forward Guidance
Lindsay Corporation anticipates a solid demand environment for irrigation equipment in North America, supported by strong agricultural commodity prices and farm income projections. The company expects inflationary pressures and supply chain challenges to persist, focusing on protecting and improving margins. An increase in infrastructure project sales is expected in the second half of the fiscal year.
Positive Outlook
- Strong agricultural commodity prices support demand.
- Farm income projections are solid.
- Food security concerns drive international growth.
- Actively managing projects through the sales funnel.
- Innovation growth strategy addresses population needs.
Challenges Ahead
- Inflationary pressures are expected to persist.
- Supply chain challenges are expected to persist.
- Focus on protecting and improving margins.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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