Low Commodity Prices & High Costs Affect Lindsay (LNN) [Yahoo! Finance]
Lindsay Corporation (LNN)
Last lindsay corporation earnings: 4/7 06:45 am
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lindsayir.com
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Source: Yahoo! Finance
Due to the limited availability of raw materials, labor and trucking resources, delivery lead times have increased. This is likely to persist and keep denting its performance. Low commodity prices will weigh on farm income and may influence the investment decision-making for farmers. However, a strong balance sheet and acquisitions will aid growth. Increased concerns around food security will drive growth in the international irrigation markets. Moreover, the need to replace aging equipment will sustain industry demand. 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
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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
- Lindsay Corporation: Economic And Environmental Challenges Make It A Tough Sell [Seeking Alpha]Seeking Alpha
- 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
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