Lindaay Corp. (LNN) Posts Q1 Miss

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Lindsay Corporation Reports Fiscal 2017 First Quarter Results

December 21, 2016 6:45 AM EST

Irrigation results decline on continued weakness in agricultural markets Infrastructure revenue up slightly with improved gross margin

OMAHA, Neb.--(BUSINESS WIRE)-- Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, today announced results for its first quarter ended November 30, 2016.

First Quarter Results

First quarter fiscal 2017 revenues were $110.4 million compared to revenues of $121.6 million in the prior years first quarter. Net earnings for the quarter were $0.9 million or $0.08 per diluted share compared with $6.9 million or $0.62 per diluted share in... More