Lindsay Corporation: Economic And Environmental Challenges Make It A Tough Sell [Seeking Alpha]
Lindsay Corporation (LNN)
Last lindsay corporation earnings: 4/7 06:45 am
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US:NYSE Investor Relations:
lindsayir.com
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Source: Seeking Alpha
14min Summary While I've always admired the benefits of mechanized irrigation systems, Lindsay Corporation's innovative offerings face significant economic and environmental challenges that hinder its growth potential. Lindsay Corporation's third-quarter topline decline of 15.41%, driven by a 19.5% drop in irrigation revenues, highlights significant challenges tied to both macroeconomic factors and climate change, especially in key markets. Lindsay Corporation's stock appears overvalued compared to its peers, and while its infrastructure segment shows promise, the company's sustained slowdown due to macroeconomic and environmental challenges suggests limited upside. Given the sustained slowdown and environmental stresses, I rate Lindsay Corporation as a sell, expecting continued underperformance against the S&P 500. Dave Collins/iStock via Getty Images Lindsay Corporation ( NYSE: LNN ) is a company positioned primarily in the water irrigation industry and, to a lesser e
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LNN
News
- The irrigation timers and controllers market is projected to grow by USD 975.8 Million from 2024-2028, with AI driving market evolution and product innovations boosting revenue - Technavio [Yahoo! Finance]Yahoo! Finance
- Precision Irrigation Industry Research Report 2024-2032 with Company Analysis of Jain Irrigation Systems, Lindsay, The Toro Co, and Valmont [Yahoo! Finance]Yahoo! Finance
- Agriculture M2M Industry Report 2024: Expansion of Smart Farming Practices Generates New Opportunities in Agriculture M2M - Forecasts to 2030 [Yahoo! Finance]Yahoo! Finance
- Immunoassay Market to Reach $61.6 Billion, Globally, by 2033 at 5.8% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Automatic Irrigation Equipment Market size is set to grow by USD 2.99 billion from 2024-2028, Technological advances in automatic irrigation equipment boost the market, Technavio [Yahoo! Finance]Yahoo! Finance
LNN
Earnings
- 6/27/24 - Beat
LNN
Sec Filings
- 7/16/24 - Form 4
- 7/15/24 - Form 144
- LNN's page on the SEC website