Lindsay Q1 revenue jumps 53% to $166.2M; EPS $0.72 includes $0.41 LIFO charge

LINDSAY CORP

2022-Q1 EPS reported $0.72 revenue$166,152,000

Q1 revenue $166.2M (+53% YoY); net earnings $7.9M vs $7.1M; diluted EPS $0.72 vs $0.65.
Irrigation segment revenue $145.9M (+67% YoY); North America +50%, international +94%.
Infrastructure revenue $20.2M (-4% YoY) on lower Road Zipper sales; operating margin 13.7%.
Backlog $154.8M (Nov 30, 2021) vs $89.2M year ago, driven by irrigation orders.
Annual meeting: elected three directors, ratified KPMG, approved executive compensation.

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