Lindsay Corporation & Pessl Instruments Join Forces for Field Monitoring System Solution
June 20, 2023
☀️Trending News
Lindsay Corporation ($NYSE:LNN) is pleased to announce that they have joined forces with Pessl Instruments to create a field monitoring system solution with ABC. The company designs, manufactures, and distributes a wide variety of products such as pivot irrigation systems, center pivot and lateral move irrigation systems, irrigation pipe, and parts and accessories. The new field monitoring system solution offers a variety of features that will be beneficial to those in the agriculture industry. ABC’s technology provides real-time data on temperatures, soil moisture levels, and other environmental factors that can be crucial in helping farmers and ranchers make informed decisions regarding their crops.
In addition, the solution allows users to access this data remotely via their smartphones or tablets. The partnership between Lindsay Corporation, Pessl Instruments, and ABC will offer farmers and ranchers an innovative new way to monitor their crops and fields. With this technology, farmers can save time and money by making better decisions based on the data they receive. This solution also helps users stay informed about weather conditions and other environmental factors in order to make more informed decisions. This is an exciting venture for the industry and will help make agriculture more efficient and productive.
Share Price
On Thursday, Lindsay Corporation, an American company specializing in engineered products and solutions for agricultural and infrastructure markets, announced their alliance with Pessl Instruments, a global leader in precision agriculture. The companies have joined together to create a comprehensive field monitoring system solution, which will combine the agricultural expertise of Lindsay Corporation with the advanced technology of Pessl Instruments. The news of this partnership sent the stock of Lindsay Corporation up 0.8% from its previous closing price of 118.1 to 119.0 when it opened at 116.8. This rise in stock prices demonstrates the investors’ confidence in the performance and potential of the field monitoring system solution created by the two companies.
The joint venture marks a major milestone in the advancement of precision agriculture and will provide farmers with the most comprehensive and advanced systems to help maximize yields and reduce costs. With this collaboration, Lindsay Corporation and Pessl Instruments are committed to developing innovative solutions to empower farmers worldwide with the tools they need to succeed. 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 |
| 746.86 | 79.27 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lindsay Corporation. More…
| Operations | Investing | Financing |
| 46.79 | 0.95 | -17.05 |
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 |
| 709.08 | 286.81 | 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 |
| 18.7% | 57.4% | 15.1% |
| FCF Margin | ROE | ROA |
| 4.1% | 17.0% | 9.9% |
Analysis
GoodWhale recently conducted an analysis of LINDSAY CORPORATION‘s wellbeing. After classifying the company as ‘gorilla’, which is a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage, we can infer what type of investors may be interested in such company. LINDSAY CORPORATION scored well in asset, dividend and growth, but medium in profitability. The company also has a high health score of 8/10 with regard to its cashflows and debt, demonstrating that it is capable to pay off debt and fund future operations. Overall, LINDSAY CORPORATION appears to be a good investment opportunity for investors who are looking for a company with a strong competitive advantage and good financial health. More…
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 manufacturer and distributor of agricultural irrigation systems, infrastructure products, and electronic control systems. The company is well positioned in the agriculture sector, and its products and services are in demand as the industry continues to evolve. Investors should consider Lindsay Corporation for its high potential for growth and dividend payouts.
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