secwatch.observer — SEC 8-K summary
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Issuer:     LINDSAY CORP (LNN)
CIK:        0000836157
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0000950170-23-000171
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lindsay Q1 net earnings double to $18.2M, EPS $1.65; revenue up 6%
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- Net earnings $18.2M ($1.65 diluted EPS) vs $7.9M ($0.72) prior year; more than doubled.
- Revenue $176.2M, up 6% YoY; Irrigation segment +4% to $152.1M, Infrastructure +19% to $24.1M.
- Irrigation operating income $28.6M (margin 18.8%) up 66% on improved price realization and lower cost inflation.
- Infrastructure operating income $3.4M (margin 14.0%) up 22% on higher Road Zipper System sales.
- Backlog $129.6M vs $154.8M a year ago; CEO cites positive demand outlook supported by farm income and infrastructure spending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836157/000095017023000171/0000950170-23-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836157/000095017023000171/lnn-20230105.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000171

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer