Lindaay Corp. (LNN) Tops Q3 EPS by 25c

Lindaay Corp. (NYSE: LNN) reported Q3 EPS of $1.66, $0.25 better than the analyst estimate of $1.41. Revenue for the quarter came in at $169.6 million versus the consensus estimate of $167.57 million.

Outlook

“We are responding to higher freight and steel costs in the U.S. by passing through these increases to customers,” said Mr. Hassinger. “To date, we have been successful implementing price increases to address this challenge; however, further steel cost increases may be more challenging for us to pass on.”

Added Mr. Hassinger, “Strong infrastructure sales in our third quarter were a result of our ability to deliver a significant portion of two large orders that had been in our backlog. We continue to build a solid pipeline of Road Zipper System projects to support continued growth in this business.”

For earnings history and earnings-related data on Lindaay Corp. (LNN) click here.

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