$LNN (Lindsay Corporation)

$LNN {{ '2016-03-31T11:28:57+0000' | timeago}} • Announcement

$LNN's largest segment, Irrigation Equipment, revenue fell 5%, with US Irrigation revenue growing 6% and International Irrigation revenue falling 24%. Infrastructure revenue fell 47%, due mainly to the completion of the Golden Gate Bridge Road Zipper project in prior year and decreases in Contract and Tubing markets.

$LNN {{ '2017-12-29T10:57:58+0000' | timeago}} • Announcement

$LNN announced a contract with the Province of British Columbia's Ministry of Transportation and Infrastructure for the deployment of its Road Zipper System on the Alex Fraser Bridge, which connects Richmond and New Westminster with North Delta in Greater Vancouver, Canada. Lindsay's revenue from this project is valued at about $14MM.

$LNN {{ '2017-12-21T12:01:46+0000' | timeago}} • Announcement

$LNN's Infrastructure segment revenues for 1Q18 increased 3% from last year. This was driven by increased sales volume in road safety products and higher Road Zipper System lease revenue. This was partially offset by lower revenue in other product lines.

$LNN {{ '2017-12-21T12:00:30+0000' | timeago}} • Announcement

$LNN's Irrigation segment revenue for 1Q18 grew 15% from last year. North America irrigation revenue jumped 28% driven by an increase in irrigation system sales volume that reflected a more traditional fall selling selling season. International irrigation revenues declined 4% on a lower level of project sales while certain markets had higher sales.

$LNN {{ '2017-12-21T11:57:21+0000' | timeago}} • Announcement

$LNN reported a jump in 1Q18 earnings driven by higher irrigation system sales volume, an increase in sales volume in road safety products and higher Road Zipper System lease revenue. Net income rose to $3.19MM or $0.30 per share from $0.87MM or $0.08 per share last year. Operating revenue grew 13% to $124.5MM.

$ALG {{ '2017-12-15T12:49:31+0000' | timeago}} • Announcement

$ALG has appointed a new independent director to its Board, Richard Parod, effective Dec 14, 2017. Parod was a Director and CEO of $LNN from April 2000, until his retirement on Dec 1, 2017.

$LNN {{ '2017-12-08T21:35:46+0000' | timeago}} • Announcement

$LNN has declared a regular quarterly cash dividend of $0.30 per share, payable February 28, 2018, to shareholders of record on February 14, 2018.

$RAVN {{ '2017-12-07T14:15:36+0000' | timeago}} • Announcement

$RAVN appointed Rick Parod to the company's BoD, effective immediately. Mr. Parod served as President, CEO, and Director of $LNN from 2000 until his retirement in December 2017.

$LNN {{ '2017-10-12T21:07:50+0000' | timeago}} • Announcement

$LNN has declared a regular quarterly cash dividend of $0.30 per share. The dividend is payable on November 30, 2017, to shareholders of record on November 16, 2017.

$LNN {{ '2017-10-12T12:05:52+0000' | timeago}} • Announcement

$LNN's Irrigation segment revenues rose 2% to $101.9MM in 4Q17. Mechanized irrigation equipment revenues increased on higher average selling prices and higher unit sales volume. International irrigation revenues were $46.3MM, up 9%. Infrastructure segment revenues fell 9% to $30.0MM.

$LNN {{ '2017-10-12T12:01:51+0000' | timeago}} • Announcement

Irrigation equipment maker $LNN reported lower 4Q17 results, hurt by higher income tax rate. Revenue fell to $131.9MM from $132.9MM during prior year. Net income fell to $6.3MM or $0.59 per share, from $7.8MM or $0.73 per share during 4Q16.

$LNN {{ '2017-07-18T12:32:02+0000' | timeago}} • Announcement

Irrigation equipment maker $LNN appointed Timothy Hassinger as president and chief executive officer and a member of its board of directors, effective October 16, 2017. Hassinger succeeds retiring President and CEO Rick Parod.

$LNN {{ '2017-06-29T15:46:40+0000' | timeago}} • Webcast

$LNN stated that order backlog at May 31, 2017 was $70.1MM, compared to $61.2MM a year ago. During the quarter, irrigation order backlog was higher YoY and infrastructure backlog was lower than the same period last year.

$LNN {{ '2017-06-29T15:39:29+0000' | timeago}} • Webcast

$LNN said the Brazilian government has announced changes in the primary financing programs for irrigation equipment, increasing the total amount of available funding and reducing interest rate from 8.5% to 7.5%, with effect from July 1. $LNN expects this to provide support for continued growth in this market.

$LNN {{ '2017-06-29T15:26:11+0000' | timeago}} • Webcast

$LNN said revenue from international irrigation markets in 3Q17 improved 2% YoY, primarily due to continuation of notable recovery in Brazil, increased project activity in developing markets, and a slightly favorable currency translation impact.

$LNN {{ '2017-06-29T11:30:14+0000' | timeago}} • Announcement

A 7% revenue growth pushed up $LNN’s 3Q17 profit to $11MM from $9.6MM a year ago. EPS moved up to $1.02 from $0.90. Infrastructure segment revenues surged 31%, contributing significantly to the top line growth. Irrigation segment revenues advanced 2%.  Lindsay expects international business to support Irrigation division growth in the near term.

$LNN {{ '2017-03-30T16:01:34+0000' | timeago}} • Webcast

$LNN said the Road Zipper system business comprises lease revenues as the company leases the machines for construction projects. $LNN has been trying to expand this lease revenue and be involved in more projects globally. The company expects that with more infrastructure spending and more projects, there will be more opportunities for leasing.

$LNN {{ '2017-03-30T15:46:08+0000' | timeago}} • Webcast

$LNN said the Brazilian market has improved. The company has seen stronger market demand and improved farmer sentiment. $LNN has also seen improved demand in the Southern African market which includes South Africa and some export regions. There is also significant project activity in Africa. $LNN is optimistic on the trends in these markets.

$LNN {{ '2017-03-30T15:28:09+0000' | timeago}} • Webcast

$LNN's Infrastructure segment revenues in 2Q17 were $17.9MM, increasing 2% over 2Q16. The increase resulted from improved demand for road safety products and from higher Road Zipper system sales and lease revenue. This segment generated operating income of $1.6MM and operating margin of 8.9% of sales in 2Q17.

$LNN {{ '2017-03-30T11:14:11+0000' | timeago}} • Announcement

Irrigation segment revenues for $LNN grew 3% to $106.2MM, even though harsh winter weather conditions in the Northwest pushed U.S. irrigation revenues down 15% to $61.5MM. Rising demand and increased activities in South American, African and the Commonwealth countries saw international irrigation revenues soar 46% to $44.7MM.

$LNN {{ '2017-03-30T11:09:29+0000' | timeago}} • Announcement

Irrigation equipment maker $LNN saw a turnaround in 2Q17 results, as it posted net earnings of $5.0MM or $0.47 per diluted share from a net loss of $4.1MM or $0.37 per diluted share. The earnings were helped by the absence of the $13.0MM environmental remediation expenses incurred in last year's results. Total revenues rose 2.9% to $124.1MM.

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