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Stock impact report

Lindsay Corporation Reports Third Quarter Fiscal 2024 Results [Yahoo! Finance]

Lindsay Corporation (LNN) 
Last lindsay corporation earnings: 4/7 06:45 am Check Earnings Report
US:NYSE Investor Relations: lindsayir.com
Company Research Source: Yahoo! Finance
OMAHA, Neb., June 27, 2024 BUSINESS WIRE )--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 conditions in our irrigation segment continue to weigh on farmer sentiment, resulting in demand softness. In North America, high precipitation levels and wet field conditions across the Midwest contributed to lower sales of irrigation equipment and replacement parts during our third quarter," said Randy Wood, President and Chief Executive Officer. "In Brazil, the market continues to be Show less Read more
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