Lindsay Corp. (LNN) Tops Q4 EPS by 32c; Offers FY15 Outlook

Lindsay Corp. (NYSE: LNN) reported Q4 EPS of $0.89, $0.32 better than the analyst estimate of $0.57. Revenue for the quarter came in at $147.5 million versus the consensus estimate of $129.2 million.

Outlook

Rick Parod, president and chief executive officer, commented, “Incremental sales resulting from Spring and Summer storms in the U.S. Midwest softened the negative impact of the decline in commodity prices in the quarter. It is too early to predict the effect the lower commodity prices and projected reductions in farm income will have in fiscal 2015, however the expected conditions position the U.S. irrigation markets lower, while we expect further improvements in sales and profits in our infrastructure segment.”

Parod continued, “Longer term, drivers for the Company’s markets of population growth, expanded food production and efficient water use, and infrastructure upgrades and expansion support our expectation for growth. In fiscal 2015 we plan to continue to invest in expanding our competitive advantage in product and service offerings, our global market position, as well as in further capacity expansion in international markets. In addition, we will continue to execute against the capital allocation plan announced in January 2014.”

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

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