Lindsay Corporation (NYSE: LNN) Announces Fourth Quarter GAAP Earnings Per Share of $1.62, Beating Estimate by $0.26

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Lindsay Corporation ($NYSE:LNN) today announced fourth quarter GAAP earnings per share of $1.62, which beats the $1.36 estimate by $0.26. The company attributed the strong performance to higher sales in its irrigation and infrastructure businesses, as well as cost-saving measures. “We are pleased with our fourth quarter results, which were driven by higher sales in our irrigation and infrastructure businesses and cost savings,” said Tim Hassinger, President and CEO of Lindsay Corporation.

This guidance includes the expected impact of the recently enacted tariffs on imported steel and aluminum. Shares of Lindsay Corporation were up 3% on the news.

Earnings

In its earning report of FY2022 Q3 as of May 31, Lindsay Corporation earned 734.2M USD in total revenue, earned 53.3M USD in net income. Compared to previous year, there was a 29.4% increase in total revenue, and a 25.1% increase in net income. Lindsay Corporation‘s total revenue reached from 474.7M USD to 734.2M USD in the last 3 years.

Market Price

On Thursday, LINDSAY CORPORATION stock opened at $159.6 and closed at $157.0, down by 1.3% from previous closing price of 159.1.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on LINDSAY CORPORATION are made simple by VI app. Based on VI Star Chart LINDSAY CORPORATION has a high health score of 7/10 with regard to its cashflows and debt, is capable to safely ride out any crisis without the risk of bankruptcy. LINDSAY CORPORATION is strong in asset, dividend, and medium in growth, profitability. LINDSAY CORPORATION is classified as ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. LINDSAY CORPORATION‘s strong fundamentals make it an attractive choice for long-term investors who are looking for a company with stable growth potential. The company’s high health score indicates that it is financially strong and able to weather any economic downturn.

Additionally, LINDSAY CORPORATION‘s strong asset base and dividend history make it a attractive investment for income-seeking investors.

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.

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Summary

Lindsay Corporation is a leading global manufacturer and distributor of agricultural equipment and infrastructure products. The company’s products are used in a variety of industries, including agriculture, construction, mining, and municipal infrastructure. The company’s stock is traded on the New York Stock Exchange under the ticker symbol “LNN.”

Investors interested in Lindsay Corporation may want to consider the company as a long-term investment. Lindsay Corporation has a history of strong financial performance, and the company is well-positioned to continue growing its business in the future.