secwatch.observer — SEC 8-K summary
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Issuer:     LINDSAY CORP (LNN)
CIK:        0000836157
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0000950170-24-001483
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lindsay Q1 revenue down 8% to $161.4M, EPS $1.36 vs $1.65 YoY; irrigation international sales drop 25%
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- Net earnings $15.0M ($1.36 diluted EPS) compared to $18.2M ($1.65) in prior year Q1.
- North America irrigation revenue up 7% to $89.4M; international irrigation down 25% to $50.8M.
- Infrastructure segment operating margin improved to 17.1% from 14.0% on higher lease revenue.
- Total backlog fell to $86.8M from $129.6M a year ago; irrigation backlog lower.
- Management cites stable North America demand but cautious international outlook; farm income projections supportive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836157/000095017024001483/0000950170-24-001483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836157/000095017024001483/lnn-20240104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-001483

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