Lindsay(LNN)

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Lindsay (LNN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-01-07 15:41
For the quarter ended November 2024, Lindsay (LNN) reported revenue of $166.28 million, up 3.1% over the same period last year. EPS came in at $1.57, compared to $1.36 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $165.83 million, representing a surprise of +0.27%. The company delivered an EPS surprise of +17.16%, with the consensus EPS estimate being $1.34.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...
Lindsay(LNN) - 2025 Q1 - Earnings Call Presentation
2025-01-07 15:19
1st Quarter Fiscal 2025 Earnings Slide Deck Safe-Harbor Statement This presentation contains forward-looking statements that are subject to risks and uncertainties, and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance, financial results and planned financing. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange C ...
Lindsay (LNN) Q1 Earnings and Revenues Beat Estimates
ZACKS· 2025-01-07 14:06
Lindsay (LNN) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.16%. A quarter ago, it was expected that this irrigation equipment maker would post earnings of $1.04 per share when it actually produced earnings of $1.17, delivering a surprise of 12.50%.Over the last four quarters, th ...
Lindsay(LNN) - 2025 Q1 - Quarterly Results
2025-01-07 11:45
Exhibit 99.1 18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836 Lindsay Corporation Reports Fiscal 2025 First Quarter Results Growth in international irrigation projects support consolidated revenue expansion OMAHA, Neb., January 7, 2025—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its first quarter of fiscal 2025 which ended on November 30, 2024. Key Highlights: "Our fir ...
Lindsay Further Enhances Portfolio, Completes Acquisition of Minority Interest in Pessl Instruments
Prnewswire· 2025-01-06 11:00
Producers around the world benefit from strategic investment in agricultural solutionsOMAHA, Neb., Jan. 6, 2025 /PRNewswire/ -- Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it has completed its acquisition of a 49.9 percent minority interest in Austria-based Pessl Instruments.The investment in Pessl, a global provider of advanced technology solutions, helps advance Lindsay's efforts to drive signific ...
Lindsay(LNN) - 2024 Q4 - Annual Report
2024-10-24 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-13419 | --- | --- | |---------------------------------------------------------------------------------|------------------------------------------| | (Exact name of registr ...
Lindsay(LNN) - 2024 Q4 - Earnings Call Transcript
2024-10-24 19:36
Financial Data and Key Metrics Changes - Total revenues for Q4 2024 were $155 million, a decrease of 7% compared to Q4 2023. Net earnings for the quarter were $12.7 million or $1.17 per diluted share, down from $19.2 million or $1.74 per diluted share in the prior year [7][8] - For the full fiscal year, total revenues were $607.1 million, a decrease of 10% compared to the previous year. Net earnings for fiscal 2024 were $66.3 million or $6.01 per diluted share, down from $72.4 million or $6.54 per diluted share in the prior year [7][8] Business Line Data and Key Metrics Changes - Irrigation segment revenues for Q4 were $125.9 million, a decrease of 12% year-over-year. North America irrigation revenues increased by 2% to $61.7 million, driven by higher unit sales volumes [8][9] - International irrigation revenues decreased by 23% to $64.2 million, primarily due to lower revenues in Brazil and other Latin American markets [9][10] - Infrastructure segment revenues for Q4 increased by 24% to $29.1 million, driven by higher Road Zipper System sales and lease revenues [11][12] Market Data and Key Metrics Changes - In North America, irrigation volume was slightly up due to storm damage replacement demand, while international markets, particularly Brazil, faced softness due to lower grower profitability [3][4] - The company anticipates continued demand challenges in Brazil and Latin America until farm profitability improves [4][10] Company Strategy and Development Direction - The company is focused on increasing U.S. infrastructure spending and expects positive near-term market opportunities driven by federal funding from the Infrastructure Investments and Jobs Act [5][12] - Investments in technology and innovation are prioritized, with a focus on growing recurring revenue streams from connected devices [6][12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the irrigation market outlook, noting potential headwinds unless there is a significant improvement in net farm income in 2025 [3][4] - The company is actively managing its project pipeline and expects to see growth in international projects, particularly in the MENA region [6][12] Other Important Information - The company completed share repurchases totaling $22.5 million for the year, reflecting a commitment to returning capital to shareholders [13][14] - Total available liquidity at the end of Q4 was $240.9 million, including $190.9 million in cash and cash equivalents [13] Q&A Session Summary Question: Can you comment on the decremental margins for the quarter and the year? - Management indicated that the decremental margins were primarily related to the international irrigation business, with significant impacts from lower revenues in Brazil [15][16] Question: What is the revenue expectation for the Middle East project that started shipping in Q4? - Approximately $14 million was shipped in Q4, with an anticipated $80 million to be shipped throughout fiscal 2025 [17][18] Question: How do you expect the tax rate to trend in fiscal 2025? - The expected tax rate for fiscal 2025 is around 25%, influenced by shifts in income from various jurisdictions [24] Question: What is the outlook for the Road Zipper funnel? - The Road Zipper funnel is expected to grow, supported by federal funding and increased project activity [26][30] Question: Can you elaborate on the storm-related revenues? - Storm damage activity in Q4 was characterized as slightly above average, with expectations for continued demand due to recent hurricanes [34][36]
Lindsay (LNN) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2024-10-24 12:55
Lindsay (LNN) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this irrigation equipment maker would post earnings of $1.25 per share when it actually produced earnings of $1.41, delivering a surprise of 12.80%.Over the last four quarters, th ...
Lindsay(LNN) - 2024 Q4 - Annual Results
2024-10-24 10:45
movable Exhibit 99.1 18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836 Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2024 Results Improved infrastructure results, steady demand in North America irrigation, and international irrigation project revenue help to partially offset market softness in Brazil OMAHA, Neb., October 24, 2024—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today annou ...
Angus Gold Appoints Lindsay Dunlop as Vice President, Investor Relations
GlobeNewswire News Room· 2024-08-20 11:00
TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Angus Gold (TSXV:GUS) ("Angus" or "the Company") is pleased to announce the appointment of Lindsay Dunlop as Vice President, Investor Relations effective August 19, 2024. Ms. Dunlop is an investor relations professional with over 15 years experience in communications, capital markets and finance primarily in the mining sector. Most recently she was the Vice President, Investor Relations at Wesdome Gold Mines from 2014 – 2024. During her tenure, she created and impl ...