Lindsay reports record FY2023 net earnings $72.4M, EPS $6.54; Q4 EPS $1.74

LINDSAY CORP

2023-FY EPS reported $6.54 revenue$674,084,000

Q4 revenue $167.1M (-12% YoY); EPS $1.74 vs $1.62 prior year, driven by irrigation margin expansion.
Full-year record net earnings $72.4M, EPS $6.54; operating margin expanded to 15.2% from 12.3%.
Irrigation segment Q4 operating income $29.8M (+23% YoY); international revenue up 18% with record Brazil.
Infrastructure segment revenue fell 41% to $23.5M on lower Road Zipper project sales; lease revenue grew.
Backlog $78.7M; order levels in Q1 2024 ahead of prior year; expect U.S. infrastructure spending benefit.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LINDSAY CORP reported the fourth quarter and fiscal year ended August 31, 2023 results: revenue $167.1 million, net income $19.2 million, EPS $1.74.

Period: the fourth quarter and fiscal year ended August 31, 2023
Revenue: $167.1 million
Net income: $19.2 million
EPS: $1.74
Result: reported results

Exact text from the filing

equipment and technology, today announced results for its fourth quarter and fiscal year, which ended on August 31, 2023. Key Highlights Fourth Quarter: • Revenue of $167.1 million and EPS of $1.74 led by strong irrigation results • Strong growth in international irrigation revenues and record revenues in Brazil • Record operating income and operating

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Source: SEC EDGAR

accession 0000950170-23-054025

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