Lindsay (LNN) Tops Q2 EPS by 22c

Lindsay (NYSE: LNN) reported Q2 EPS of $1.08, $0.22 better than the analyst estimate of $0.86. Revenue for the quarter came in at $143.6 million versus the consensus estimate of $131.12 million.

Outlook:

“Solid agricultural market fundamentals set the stage for improved irrigation equipment demand for the balance of the year. Significantly higher raw material and freight costs, along with supply chain constraints, continue to present challenges but our teams have been effective in working through these issues,” said Mr. Wood. “In our infrastructure business, while our sales pipeline remains robust, we expect continued coronavirus-related delays in road construction activity and projects.

Mr. Wood continued, “Our financial position remains strong, providing support for our innovation growth strategy across our businesses that address global megatrends and provide solutions that improve customer profitability and assist in their sustainability efforts.”

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

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