Lindsay (LNN) Tops Q2 EPS by 6c

Lindsay (NYSE: LNN) reported Q2 EPS of $0.51, $0.06 better than the analyst estimate of $0.45. Revenue for the quarter came in at $113.8 million versus the consensus estimate of $112.58 million.

Outlook:

“The recent award of a large Road Zipper System project with Highways England as well as continued growth with a key customer in Japan are great proof points that our infrastructure growth strategy continues to gain traction,” said Mr. Hassinger. “For our irrigation business, the potential impact of the U.S.-China Phase 1 trade agreement remains uncertain at this point and commodity prices reflect this uncertainty.”

Mr. Hassinger added, “The business impact of the COVID-19 coronavirus pandemic remains uncertain at this time and depends on numerous evolving factors that are difficult to predict. Our first priority is the health and safety of our employees, customers, partners and global community. We have conducted scenario planning and developed contingency plans that continue to be refined on a regular basis to help mitigate potential risk to the business. Overall, we are well positioned with a strong balance sheet and sufficient liquidity as we navigate the current COVID-19 environment.”

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

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