Lindsay(US:LNN)2022-04-05 14:31Financial Performance - Q2 FY22 - Revenue increased to $200.1 million, a 39% increase compared to $143.6 million in Q2 FY21[4] - Operating income increased to $18.3 million, a 16% increase compared to $15.8 million in Q2 FY21[4] - Diluted EPS increased to $1.32, a 22% increase compared to $1.08 in Q2 FY21[4] - Irrigation segment revenue increased 52% to $180.7 million, compared to $118.6 million in Q2 FY21[6] - Infrastructure segment revenue decreased 23% to $19.4 million, compared to $25.0 million in Q2 FY21[6] Financial Performance - YTD FY22 - Total revenue increased 45% to $366.3 million, compared to $252.1 million YTD FY21[6] - Operating income increased 36% to $31.7 million, compared to $23.3 million YTD FY21[6] - Diluted EPS increased 18% to $2.04, compared to $1.74 YTD FY21[6] Market Factors and Trends - Corn prices increased 23% and soybean prices increased 18% year-over-year in February 2022[7] - USDA projected net farm income to be $113.7 billion, a decrease of 4.5% from 2021[8] - The Infrastructure Investment and Jobs Act (IIJA) includes $110 billion in incremental federal funding for infrastructure projects[10]