Lindsay (LNN) Tops Q3 EPS by 31c

Lindsay (NYSE: LNN) reported Q3 EPS of $1.61, $0.31 better than the analyst estimate of $1.30. Revenue for the quarter came in at $161.9 million versus the consensus estimate of $146.43 million.

Outlook:

“Market conditions support continued robust demand for irrigation equipment, and we also expect raw material inflation and supply chain challenges to persist through the balance of our fiscal year,” said Mr. Wood. “We remain optimistic about the outlook for our infrastructure business, particularly as coronavirus restrictions are lifted and road construction activity returns to more normal levels.”

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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