earnings
confidence high
sentiment positive
materiality 0.75
Lindsay posts 32% revenue jump to $161.9M; EPS $1.61 vs $0.93 YoY
LINDSAY CORP
2021-Q3 EPS reported
$3.35
revenue$413,998,000
- Consolidated revenue $161.9M (+32% YoY); net earnings $17.8M, diluted EPS $1.61 (prior year $0.93).
- Irrigation segment revenue up 47% to $140.2M; North America +39%, International +62%.
- Infrastructure revenue down 21% to $21.8M on lower Road Zipper System sales and project delays.
- Backlog of unfilled orders $120.8M vs $78.6M a year ago; irrigation backlog higher.
- CEO cites robust demand but warns raw material inflation and supply chain challenges persist.