Analysts on Wall Street project that Lindsay (LNN) will announce quarterly earnings of $1.25 per share in its forthcoming report, representing a decline of 18.3% year over year. Revenues are projected to reach $152.44 million, declining 7.4% from the same quarter last year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a company reveals its e ...

Shares of this Zacks Rank #4 (Sell) company have lost 6.9% in the past year compared with the industry's decline of 10.3%. Image Source: Zacks Investment Research Low Commodity Prices to Weigh on Farm Income: The USDA (U.S. Department of Agriculture) projects net farm income at $116.1 billion for 2024, indicating a decline of 27.1% from that reported in 2023. Moreover, the estimated net farm income for 2024 is 1.7% below its 20-year average (2003-2022) of $118.2 billion. The decline has mainly been resultin ...

Lindsay Corporation (LNN) signed a multi-year supply agreement to provide Zimmatic irrigation systems and FieldNET remote management and scheduling technology in the Middle East and North Africa region. This move is part of a broader strategy to support localized food production in the region. The project is valued at more than $100 million in revenues. Pivot shipments for this project will commence in fourth-quarter fiscal 2024 and are scheduled to continue until 2025. FieldNET Advisor offers project-wide ...

Post this FieldNET Advisor provides meaningful insights on how to help growers maximize yields. OMAHA, Neb., May 16, 2024 /PRNewswire/ -- Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced enhancements to FieldNET Advisor™, its award-winning irrigation management solution. FieldNET Advisor simplifies irrigation decisions for growers, and now through advanced technology also improves the product's return on ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-13419 Lindsay Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...

Financial Data and Key Metrics Changes - Consolidated revenues for Q2 2024 were $151.5 million, a decrease of 9% compared to $166.2 million in the prior year [42] - Net earnings for the quarter were $18.1 million or $1.64 per diluted share, compared to net earnings of $18.1 million or $1.63 per diluted share in the prior year [43] - Operating income in the Irrigation segment was $25.6 million, a decrease of 22% compared to the prior year [14] Business Line Data and Key Metrics Changes - Irrigation segment revenues for the quarter were $133 million, a decrease of 10% compared to $147.8 million in the prior year [9] - North America Irrigation revenues decreased 8% to $82.8 million from $90.4 million in the prior year [9] - Infrastructure revenues were $18.5 million, comparable to the prior year, with operating income increasing 74% to $3.5 million [15] Market Data and Key Metrics Changes - In Brazil, cash soybean prices dropped 20%, negatively impacting grower profitability and liquidity [13] - International Irrigation revenues decreased 13% to $50.2 million, primarily due to lower revenues in Brazil and other Latin American markets [12] - The USDA's initial 2024 net farm income projections were significantly below expectations, potentially impacting farmer sentiment [34] Company Strategy and Development Direction - The company is focused on expanding its Road Zipper System leasing business, which is expected to grow in the back half of the year [36] - A commitment to invest over $50 million in modernizing manufacturing facilities, implementing Industry 4.0 technologies [40][41] - The acquisition of a 49.9% interest in Pessl Instruments aims to enhance agricultural decision-making through IoT and software solutions [38][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in mid to long-term opportunities in Brazil despite short-term challenges [34] - The company remains optimistic about long-term prospects, even with tempered near-term outlooks in some international markets [88] - Management noted that operational efficiencies and price management have stabilized gross margins, supporting a sustainable margin environment [22] Other Important Information - Total available liquidity at the end of Q2 was $200.6 million, including $150.6 million in cash and equivalents [16] - The company is experiencing selective discounting in some regions, particularly in Brazil, but overall prices remain stable [19] Q&A Session Summary Question: What are the orders in the backlog related to? - The backlog includes about $20 million worth of orders primarily related to multi-year leases in Versailles and Texas [5] Question: Can you elaborate on pricing and softness? - Management noted selective discounting in some regions, particularly in Brazil, but overall prices have remained steady [19] Question: What is the outlook for the Brazilian market? - Management sees short-term headwinds but remains bullish on Brazil's long-term growth potential due to low irrigation penetration [67] Question: What is driving the lower sales of road safety products in international markets? - The decline is attributed to weather-related timing issues in Europe, while the U.S. saw an increase supported by federal funding [25] Question: How will the $50 million investment impact margins? - The investment is expected to stabilize margins in the near term and improve flexibility in production without significant labor changes [55]

2nd Quarter Fiscal 2024 Earnings Slide Deck Investors should understand that a number of factors could cause future economic and industry conditions and the Company's actual financial condition and results of operations to differ materially from management's beliefs expressed in the forward-looking statements contained in this presentation. These factors include those outlined in the "Risk Factors" section of the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commiss ...

Exhibit 99.1 18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836 Lindsay Corporation Reports Second Quarter Fiscal 2024 Results Irrigation demand in North America remains stable while market activity in Brazil declines; infrastructure results deliver meaningful margin expansion OMAHA, Neb., April 4, 2024—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 ...

Financial Performance - Operating revenues for the three months ended November 30, 2023, were $161,358,000, a decrease of 8.5% compared to $176,159,000 for the same period in 2022[8]. - Gross profit for the same period was $49,905,000, down from $53,020,000, reflecting a gross margin of 30.9% compared to 30.1% in the prior year[8]. - Net earnings decreased to $15,019,000, or $1.36 per diluted share, compared to $18,217,000, or $1.65 per diluted share in the previous year, representing a decline of 17.9%[8]. - The company reported a total comprehensive income of $14,929,000 for the three months ended November 30, 2023, compared to $16,072,000 in the same period of 2022[9]. - Net cash provided by operating activities increased significantly to $21,872,000 from $4,682,000 year-over-year[1]. - Cash provided by operating activities totaled $21.9 million for the three months ended November 30, 2023, compared to $4.7 million in the same period of 2022[93]. Assets and Liabilities - Total current assets increased to $501,302,000 as of November 30, 2023, compared to $481,407,000 a year earlier, primarily driven by an increase in cash and cash equivalents[12]. - Total assets rose to $763,918,000 from $708,296,000 year-over-year, indicating a growth of 7.8%[12]. - Total liabilities decreased to $297,058,000 from $303,508,000, reflecting a reduction of 2.1%[12]. - Shareholders' equity increased to $466,860,000 as of November 30, 2023, compared to $404,788,000 a year earlier, marking a growth of 15.3%[12]. - The Company has cash and cash equivalents amounting to $159,381,000 as of November 30, 2023, compared to $99,168,000 in 2022, reflecting a significant increase[41]. - As of November 30, 2023, the total long-term debt of the Company is $115,120,000, a decrease from $115,297,000 in 2022[39]. Revenue Segments - Irrigation segment revenues decreased 8% to $140.2 million, while infrastructure segment revenues decreased 12% to $21.2 million[73]. - The irrigation segment accounted for 87% of total revenue during the three months ended November 30, 2023, while international irrigation revenues decreased by 25% to $50.8 million[83][85]. Tax and Expenses - The company recorded an income tax expense of $6.0 million for the three months ended November 30, 2023, compared to $5.8 million in the same period in 2022[34]. - The estimated annual effective income tax rate increased slightly to 28.0% for the three months ended November 30, 2023, from 27.3% in the prior year[35]. - The effective income tax rate increased to 28.5% for the three months ended November 30, 2023, up from 24.1% in the prior year[90]. - The company continues to invest in engineering and research, with expenses of $4,352,000 for the quarter, slightly up from $4,308,000 in the previous year[8]. Shareholder Actions - Cash dividends declared per share increased to $0.35 from $0.34, representing a 2.9% increase[8]. - The Company paid a quarterly cash dividend of $0.35 per common share, totaling $3.9 million, an increase from $3.7 million in the same quarter of the previous year[98]. - The remaining amount available under the share repurchase program was $63.7 million as of November 30, 2023[62]. - The Company has authorized a share repurchase program of up to $250.0 million, with $63.7 million remaining available as of November 30, 2023[99]. - The Company has not repurchased any shares during the three months ended November 30, 2023 and 2022[62]. Market Conditions - U.S. net farm income for 2023 is estimated at $151.1 billion, a decrease of 17% from the record $182.8 billion in 2022[77]. - U.S. corn prices decreased approximately 32% and soybean prices decreased approximately 8% from November 2022[77]. - The Company expects growth opportunities in international markets driven by food security, water scarcity, and population growth[76]. Inventory and Backlog - Total inventories as of November 30, 2023, were valued at $164,144,000, a decrease from $188,404,000 in the prior year[37]. - The backlog of unshipped orders as of November 30, 2023 was $86.8 million, down from $129.6 million a year earlier, indicating fluctuations due to seasonality and contract timing[80].

Lindsay Corporation (NYSE:LNN) Q1 2024 Earnings Conference Call January 4, 2024 11:00 AM ET Company Participants Randy Wood - President and Chief Executive Officer Brian Ketcham - Senior Vice President and Chief Financial Officer Conference Call Participants Tyler Hutin - William Blair Nathan Jones - Stifel Brian Wright - ROTH MKM Jon Braatz - Kansas City Capital Operator Hello and welcome to the Lindsay Corporation Fiscal First Quarter 2024 Earnings Conference Call. All participants will be in listen-only ...