Piper Jaffray Raises Price Target on Lindaay Corp. (LNN) Following 3Q EPS Beat
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Lindsay Corporation Reports Fiscal 2015 Third Quarter Results
June 25, 2015 7:00 AM EDTOMAHA, Neb.--(BUSINESS WIRE)-- Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, today announced results for its third quarter ended May 31, 2015.
Third Quarter Results
Third quarter fiscal 2015 revenues were $160.7 million versus $169.9 million of revenues in the same prior year period. Net earnings were $12.9 million or $1.10 per diluted share compared with $16.5 million or $1.28 per diluted share in the prior year.
Irrigation equipment revenues totaled $131.3 million including $6.3 million of revenues from the recently acquired Elecsys Corporation, a 12 percent decrease from $149.0 million in the prior fiscal... More
