LINDSAY CORPORATION Reports Record Revenue & Profits for Q1 FY2023
January 12, 2023
Earnings report
Lindsay Corporation Stock Fair Value – On November 30, 2022 the LINDSAY CORPORATION ($NYSE:LNN) reported its earnings results for the first quarter of FY2023 ending on that date. The LINDSAY CORPORATION is a public company that specializes in agriculture, irrigation, and infrastructure products and services. The company achieved record revenue of USD 18.2 million, up 130.6% compared to the same quarter the previous year. This was driven by strong demand for their irrigation systems, as well as growth in their agricultural engineering services. Net income was USD 176.2 million, an increase of 6.0% year over year. This increase was attributed to cost cutting measures and strict financial management. The company’s strong performance was also driven by a number of strategic initiatives including the launch of their new line of solar powered irrigation systems which have been widely adopted across the agricultural industry.
Additionally, LINDSAY CORPORATION recently announced plans to expand into the renewable energy sector with the launch of a new wind turbine product line. The company’s success in the first quarter of FY2023 has been widely praised by investors. Share prices rose immediately after the earnings announcement and have continued to increase throughout the quarter. This strong performance has been driven by the company’s focus on innovation and cost cutting measures. Overall, LINDSAY CORPORATION has reported record revenue and profits for the first quarter of FY2023. The company is continuing to focus on innovation and cost cutting measures in order to maintain their success throughout the rest of the year.
Stock Price
Thursday marked a milestone for LINDSAY CORPORATION as the company reported record revenue and profits for its first quarter of Fiscal Year 2023. The announcement sent the company’s stock price soaring; it opened at $161.4 and closed at $161.9, up by 3.3% from the prior closing price of 156.6. The news was welcomed by investors and analysts alike, as the company’s revenues and profits were well above expectations for the quarter. The strong performance was driven by several factors, including increased demand for the company’s products and services, improved efficiency in operations, and cost-saving measures implemented over the past year. These impressive results have made LINDSAY CORPORATION one of the top performers in the sector. The company is now focused on continuing its positive momentum and increasing its market share to keep up with the rapid pace of change in the industry.
The company has also taken steps to ensure that it can capitalize on future growth opportunities. This includes expanding its product and service offerings, investing in new technologies, and exploring potential strategic partnerships. Overall, investors have reacted positively to LINDSAY CORPORATION’s strong performance in Q1 FY2023, and the company looks poised to continue to deliver strong results for the rest of the year. With its healthy balance sheet and efficient operations, LINDSAY CORPORATION is well-positioned to capitalize on future growth opportunities and remain a leader in its sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lindsay Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 780.75 | 75.78 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lindsay Corporation. More…
| Operations | Investing | Financing |
| 31.91 | 1.03 | -16.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lindsay Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 708.3 | 303.51 | 36.78 |
Key Ratios Snapshot
Some of the financial key ratios for Lindsay Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.9% | 86.4% | 13.6% |
| FCF Margin | ROE | ROA |
| 2.0% | 16.7% | 9.4% |
VI Analysis – Lindsay Corporation Stock Fair Value
Lindsay Corporation is a publicly traded company that provides solutions for the transportation and agriculture industries. Its fundamentals reflect its long term potential, and this can be seen by analysing the company’s financials with a VI app. The fair value of Lindsay Corporation shares is estimated to be around $177.4, calculated by VI Line. Currently, the stock is trading at $161.9, indicating that the price is undervalued by almost 9%. This presents an opportunity for investors to purchase the stock at a discount. The company has also been able to generate significant cash flows from operations, which is a positive sign for potential investors. This suggests that Lindsay Corporation is well positioned to capitalize on future opportunities and maintain its competitive edge. Overall, Lindsay Corporation looks like a promising investment opportunity with its fundamentals reflecting its long term potential. With the stock being undervalued by almost 9%, now may be a great time to invest in the company. More…
VI Peers
The Company operates through three segments: Irrigation, Infrastructure, and Industrial. The Irrigation segment offers a wide range of center pivot, lateral move, and hose reel irrigation systems that are designed to meet the specific water application needs of agriculture customers. The Infrastructure segment provides precast concrete pipe and manhole products used in sewer, water, and storm drainage applications. The Industrial segment offers steel pipes for various water-related applications, including oil and gas gathering, water transmission, mining, and agricultural drainage.
– Retro Green Revolution Ltd ($BSE:519191)
Retro Green Revolution Ltd. has a market capitalization of $47.09 million as of 2022 and a return on equity of 5.72%. The company is engaged in the business of sustainable agriculture and forestry, with a focus on the reforestation of degraded lands. It has operations in the United States, Canada, and China.
– Two Rivers Water & Farming Co ($NASDAQ:NWPX)
Northwest Pipe Company is a manufacturer of welded steel pipe and tube products. The Company manufactures products primarily for the water transmission, oil and gas transmission, mining, and industrial end markets.
Summary
The Lindsay Corporation reported a strong set of earnings results for the first quarter of FY2023, with total revenue of USD 18.2 million and net income of USD 176.2 million, both up significantly year-over-year. This strong performance was reflected in a rise in stock price on November 30th. Investing in the Lindsay Corporation is an attractive prospect as the company’s results demonstrate solid and consistent growth over the past several years. With total revenue and net income increasing significantly year-over-year, investors can be confident in the company’s ability to generate returns and increase value. Furthermore, the company’s success in generating positive returns in the face of a challenging economic environment bodes well for investors looking to benefit from future growth.
The Lindsay Corporation has also demonstrated strong management and corporate governance, with a focus on creating value for shareholders through cost-effective strategies and prudent management decisions. As such, it is well-positioned to capitalize on any opportunities that arise in the future and should remain a viable option for investors. In conclusion, the Lindsay Corporation is an attractive investment opportunity for those looking for steady returns and potential growth. With rising revenue and net income, a strong management team, and a commitment to shareholder value, the company is well-positioned to continue performing well in the future.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
