Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates through Irrigation and Infrastructure segments. It manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under GrowSmart brand; repair and replacement parts for irrigation systems and controls; water pumping stations and controls for agriculture, golf, landscape, and municipal markets under Watertronics brand; filtration solutions for groundwater, agriculture, industrial, and heat transfer markets under LAKOS brand; and M2M communication technology solutions, data acquisition and management systems, and custom electronic equipment under Elecsys brand. The company also provides Quickchange Moveable Barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs; and redirective and non-redirective crash cushions, which are used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards. In addition, it offers specialty barrier products; and road marking and road safety equipment. Further, the company provides diameter steel tubing, railroad signals, and structures; and outsourced manufacturing and production services for other companies. It serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.
Lindsay beats Street 4Q forecasts OMAHA, Neb. (AP) _ Lindsay Corp. (LNN) on Thursday reported fiscal fourth-quarter net income of $7.8 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Omaha, Nebraska-based company said it had profit of 73 cents. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. The irrigation equipment maker posted revenue of $132.9 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $114.3 million. For the year, the company reported profit of $20.3 million, or $1.85 per share. Revenue was reported as $516.4 million. Lindsay shares have declined slightly more than 4 percent since the beginning of the year. The stock has decreased roughly 1 percent in the last 12 months.
