Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. It also offers repair and replacement parts for its irrigation systems and controls; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling, and smartphone applications; and machine-to-machine communication technology solutions, data acquisition and management systems, and custom electronic equipment under the Elecsys brand. The Infrastructure segment provides Quickchange moveable barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs; and re-directive and non-re-directive crash cushions, which are used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards. It also offers specialty barrier products; road marking and road safety equipment; and railroad signals and structures, and diameter steel tubing products, as well as outsourced manufacturing and production services for other companies. The company serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.
IPO Year:
Exchange: NYSE
Website: lindsay.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/5/2024 | $142.00 | Neutral → Buy | Northcoast |
| 10/23/2023 | $128.00 → $150.00 | Neutral → Buy | ROTH MKM |
| 9/15/2023 | $146.00 → $135.00 | Buy → Hold | Stifel |
| 8/15/2022 | Buy → Neutral | Northcoast | |
| 7/15/2022 | $150.00 | Buy | Northcoast |
| 6/3/2022 | $135.00 | Neutral | ROTH Capital |
| 10/22/2021 | $181.00 → $178.00 | Hold → Buy | Stifel |
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share, payable November 29, 2024, to shareholders of record at the close of business on November 15, 2024. As of October 21, 2024, Lindsay Corporation had approximately 10.8 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN. About the Company Lindsay Corporation (NYSE:LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the c
Improved infrastructure results, steady demand in North America irrigation, and international irrigation project revenue help to partially offset market softness in Brazil Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its fourth quarter and fiscal year, which ended on August 31, 2024. Key Highlights Fourth Quarter: North America irrigation revenues increased on higher unit sales volume Delivery began on large irrigation project in the Middle East and North Africa (MENA) region Improved infrastructure results driven by increase in Road Zipper System™ sales and lease
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it plans to release financial results for its fiscal 2024 fourth quarter and fiscal year ended August 31, 2024, before the market opens on Thursday, October 24, 2024. Management, including Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the results the same day at 11:00 a.m. ET. Interested investors may pre-register for the teleconference at the following link: https://dpregister.com/sreg/10192401/fd6a097f42. Registered participa
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share, payable August 30, 2024, to shareholders of record at the close of business on August 16, 2024. This quarterly cash dividend rate represents a three percent increase to the previous quarterly indicated rate of $0.35 per share. The new annual indicated rate is $1.44 per share, up from the previous annual indicated rate of $1.40 per share. As of June 25, 2024, Lindsay Corporation had approximately 10.9 million shares outstanding, which are traded
Infrastructure results support consolidated margin performance, partially offsetting global irrigation market softness Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its third quarter ended on May 31, 2024. Key Highlights Diluted earnings per share of $1.85 compared to $1.53 in the prior year quarter Recognition of an income tax credit in Brazil adds $4.8 million to net earnings Secured large multi-year international irrigation supply agreement valued at more than $100 million Completed $17.9 million in share repurchases during the quarter "Market conditio
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it plans to release financial results for its fiscal 2024 third quarter ended May 31, 2024 before the market opens on Thursday, June 27, 2024. Management, including Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the results the same day at 11:00 a.m. ET. Interested investors may pre-register for the teleconference at the following link: https://dpregister.com/sreg/10189975/fcc052e53c. Registered participants will receive an ema
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share, payable May 31, 2024, to shareholders of record at the close of business on May 17, 2024. As of April 2, 2024, Lindsay Corporation had approximately 11.0 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN. About the Company Lindsay Corporation (NYSE:LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has
Irrigation demand in North America remains stable while market activity in Brazil declines; infrastructure results deliver meaningful margin expansion 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 on February 29, 2024. Key Highlights Total revenues decreased 9 percent to $151.5 million on lower irrigation revenues Increased Road Zipper System™ lease revenues support accretive sales mix shift and improved infrastructure results Diluted earnings per share of $1.64 compared to $1.63 in the prior year quarter "Demand for irrigation equip
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it plans to release financial results for its fiscal 2024 second quarter ended February 29, 2024 before the market opens on Thursday, April 4, 2024. Management, including Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the results the same day at 11:00 a.m. ET. Interested investors may pre-register for the teleconference at the following link: https://dpregister.com/sreg/10187316/fbdb85de6c. Registered participants will receive
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share, payable February 29, 2024, to shareholders of record at the close of business on February 15, 2024. As of January 2, 2024, Lindsay Corporation had approximately 11.0 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN. About the Company Lindsay Corporation (NYSE:LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the
Role to focus on accelerating company's strategic growth plan OMAHA, Neb., Feb. 14, 2023 /PRNewswire/ -- Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, recently announced the appointment of Brian Magnusson as Senior Vice President, Strategy & Business Development. In this newly created role, Magnusson is responsible for accelerating Lindsay's strategic growth plan and value creation through enterprise-wide corporate strategies, including strategic partnerships and mergers and acquisitions ("M&A"). He reports to Lindsay's President and CEO, Randy Wood.
OMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that Ibrahim Gokcen has been appointed to its Board of Directors. Mr. Gokcen, 43, is the President & Chief Revenue Officer for Open Insights LLC, a data advisory and services company. Prior to that he was the Senior Vice President and Digital Chief Technology Officer for Schneider Electric from 2018 to 2020. Prior to that, Mr. Gokcen served as the Chief Digital Officer for A. P. Moller Maersk from 2016 to 2018. Mr. Gokcen also previously held senior product, information technology, and research and dev
OMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.32 per share, payable February 26, 2021, to shareholders of record at the close of business on February 12, 2021. At January 4, 2021, Lindsay Corporation had approximately 10.9 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN. About the Company Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and te
Northcoast upgraded Lindsay Corp from Neutral to Buy and set a new price target of $142.00
ROTH MKM upgraded Lindsay Corp from Neutral to Buy and set a new price target of $150.00 from $128.00 previously
Stifel downgraded Lindsay Corp from Buy to Hold and set a new price target of $135.00 from $146.00 previously
Northcoast downgraded Lindsay Corp from Buy to Neutral
Northcoast initiated coverage of Lindsay Corp with a rating of Buy and set a new price target of $150.00
ROTH Capital initiated coverage of Lindsay Corp with a rating of Neutral and set a new price target of $135.00
Stifel upgraded Lindsay from Hold to Buy and set a new price target of $178.00 from $181.00 previously
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Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share, payable November 29, 2024, to shareholders of record at the close of business on November 15, 2024. As of October 21, 2024, Lindsay Corporation had approximately 10.8 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN. About the Company Lindsay Corporation (NYSE:LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the c
Improved infrastructure results, steady demand in North America irrigation, and international irrigation project revenue help to partially offset market softness in Brazil Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its fourth quarter and fiscal year, which ended on August 31, 2024. Key Highlights Fourth Quarter: North America irrigation revenues increased on higher unit sales volume Delivery began on large irrigation project in the Middle East and North Africa (MENA) region Improved infrastructure results driven by increase in Road Zipper System™ sales and lease
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it plans to release financial results for its fiscal 2024 fourth quarter and fiscal year ended August 31, 2024, before the market opens on Thursday, October 24, 2024. Management, including Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the results the same day at 11:00 a.m. ET. Interested investors may pre-register for the teleconference at the following link: https://dpregister.com/sreg/10192401/fd6a097f42. Registered participa
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share, payable August 30, 2024, to shareholders of record at the close of business on August 16, 2024. This quarterly cash dividend rate represents a three percent increase to the previous quarterly indicated rate of $0.35 per share. The new annual indicated rate is $1.44 per share, up from the previous annual indicated rate of $1.40 per share. As of June 25, 2024, Lindsay Corporation had approximately 10.9 million shares outstanding, which are traded
Infrastructure results support consolidated margin performance, partially offsetting global irrigation market softness Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its third quarter ended on May 31, 2024. Key Highlights Diluted earnings per share of $1.85 compared to $1.53 in the prior year quarter Recognition of an income tax credit in Brazil adds $4.8 million to net earnings Secured large multi-year international irrigation supply agreement valued at more than $100 million Completed $17.9 million in share repurchases during the quarter "Market conditio
Revolutionary Crash Cushion Technology Now On Las Vegas Roadway OMAHA, Neb., June 25, 2024 /PRNewswire/ -- Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation, infrastructure equipment and technology, recently installed its first TAU-XR Xpress Repair Crash Cushion, the latest innovation in its proven lineup of crash cushion systems. The TAU-XR is designed for swift installation and rapid repair, enhancing both efficiency and protection for road maintenance teams. The TAU-XR offers a range of transition options up to 52 inches, ensuring m
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it plans to release financial results for its fiscal 2024 third quarter ended May 31, 2024 before the market opens on Thursday, June 27, 2024. Management, including Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the results the same day at 11:00 a.m. ET. Interested investors may pre-register for the teleconference at the following link: https://dpregister.com/sreg/10189975/fcc052e53c. Registered participants will receive an ema
Lindsay to provide efficient water management and technology solutions to address food security in the Middle East and North Africa (MENA) region Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced that it has entered into a multi-year supply agreement to provide Zimmatic™ irrigation systems and the Company's FieldNET™ remote management and scheduling technology in the MENA region. The project, valued at more than $100 million in revenue, is the largest in Lindsay's history and is part of a broader strategy to support localized food production in the region. "This partnership demonstrate
Lindsay listens to grower feedback to enhance award-winning technology offering 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 investment with real-time data upgrades, whole farm management, and simplified subscriptions.
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share, payable May 31, 2024, to shareholders of record at the close of business on May 17, 2024. As of April 2, 2024, Lindsay Corporation had approximately 11.0 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN. About the Company Lindsay Corporation (NYSE:LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has
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Lindsay Corporation (NYSE:LNN) shares are trading higher on Thursday after reporting strength in infrastructure unit in third-quarter results. The company reported quarterly earnings per share of $1.85, beating the street view of $1.17. Third-quarter revenues totaled $139.20 million (down 15% year over year), missing the analyst consensus of $144.36 million, as market conditions in the irrigation segment continue to weigh on farmer sentiment, resulting in demand softness. However, the company gained strength in the infrastructure business, supported by new project sales and momentum in leasing revenues of the Road Zipper System. Infrastructure segment revenues for the quarter we
Lindsay (NYSE:LNN) reported quarterly earnings of $1.85 per share which beat the analyst consensus estimate of $1.17 by 58.12 percent. The company reported quarterly sales of $139.200 million which missed the analyst consensus estimate of $144.363 million by 3.58 percent. This is a 15.41 percent decrease over sales of $164.553 million the same period last year.
Lindsay Corporation (NYSE:LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced that it has entered into a multi-year supply agreement to provide Zimmatic™ irrigation systems and the Company's FieldNET™ remote management and scheduling technology in the MENA region. The project, valued at more than $100 million in revenue, is the largest in Lindsay's history and is part of a broader strategy to support localized food production in the region.
Northcoast Research analyst Ryan Connors upgrades Lindsay (NYSE:LNN) from Neutral to Buy and announces $142 price target.
Lindsay (NYSE:LNN) reported quarterly earnings of $1.64 per share which beat the analyst consensus estimate of $1.55 by 5.81 percent. This is a 0.61 percent increase over earnings of $1.63 per share from the same period last year. The company reported quarterly sales of $151.50 million which missed the analyst consensus estimate of $172.06 million by 11.95 percent. This is a 8.87 percent decrease over sales of $166.24 million the same period last year.
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Pessl boasts more than 80,000 connected in-field data collection devices globally, with 50,000 active customers using its FieldClimate online interface. The transaction is expected to close in the second half of fiscal 2024
Stifel analyst Nathan Jones maintains Lindsay (NYSE:LNN) with a Hold and lowers the price target from $136 to $122.