Lindaay Corp. (LNN) Misses Q2 EPS by 2c

Lindaay Corp. (NYSE: LNN) reported Q2 EPS of $0.56, $0.02 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $130.3 million versus the consensus estimate of $133.12 million.

Outlook

“Although we have seen improved demand this year in North America, agricultural market conditions are expected to remain challenging until there is a meaningful improvement in commodity prices and farm income. In our Infrastructure business, a growing backlog of Road Zipper projects provides for growth,” said Mr. Hassinger. “The recently announced tariffs on steel and aluminum product imports are concerning because of the potential impact on raw material cost and possible trade retaliation that would affect U.S. agricultural products, however it won’t be possible to fully assess the impact until more details are known.”

Mr. Hassinger continued, “The organization is excited about the launch of our Foundation for Growthinitiative. This effort, focused on delivering better results to our customers and shareholders, is already underway and I look forward to providing regular updates as this initiative progresses.”

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

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