Lindsay (LNN) PT, Estimates Lowered at Piper Jaffray

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Lindsay Corporation Reports Fiscal 2015 Second Quarter Results

March 25, 2015 7:00 AM EDT

OMAHA, Neb.--(BUSINESS WIRE)-- Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, today announced results for its second quarter ended February 28, 2015.

Second Quarter Results

Second quarter fiscal 2015 revenues were $141.1 million versus $152.8 million of revenues in the same prior year period. Net earnings were $9.0 million or $0.75 per diluted share compared with $13.5 million or $1.04 per diluted share in the prior year.

Total irrigation equipment revenues decreased 20 percent to $108.3 million from $135.9 million in the prior fiscal years second quarter. U.S. irrigation revenues of $68.0 million, which... More