Lindsay Corporation (NYSE:LNN) Q2 2019 Earnings Conference Call Transcript

Apr 09, 2019 • 11:00 am ET

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Lindsay Corporation (NYSE:LNN) Q2 2019 Earnings Conference Call Transcript

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Presentation
Executive
Brian L. Ketcham

loss of $400,000 in the quarter compared to operating income of $2.5 million in the prior year.

Cash and cash equivalents were $102.8 million at the end of the quarter compared to $160.8 million at the end of the prior fiscal year. Cash was utilized in the quarter to fund working capital increases as well as capital expenditures and dividend payments. No share repurchases were made during the quarter. However, a total of $63.7 million remains available under our share repurchase authorization.

At this time, I would like to turn the call over to the operator to take your questions.