UPDATE: Lindsay (LNN) Misses Q1 EPS by 7c

(Update corrects spelling of company name)

Lindsay (NYSE: LNN) reported Q1 EPS of $0.38, $0.07 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $112 million versus the consensus estimate of $113.57 million.

Outlook

“Passage of the 2018 farm bill provides a source of modest optimism that North America irrigation market conditions will see improvement,” said Mr. Hassinger. “In the international markets, we are seeing signs of improved conditions in Brazil as well as increased interest in developing markets.”

Mr. Hassinger added, “We continue to build a solid pipeline of Road Zipper System projects to support growth in the infrastructure business; however, the long lead times required to complete these projects can impact the timing of when we will realize the value from the increased focus on this business.”

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

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