earnings
confidence high
sentiment negative
materiality 0.80
Lindsay Q4 rev up 20% to $153.6M but EPS plunges to $0.53 on $4.5M LIFO hit
LINDSAY CORP
2021-FY EPS reported
$3.88
revenue$567,646,000
- Net earnings $5.8M ($0.53 diluted) vs $14.7M ($1.35) prior year; after-tax LIFO impact of $4.5M ($0.41/share).
- Irrigation segment rev $125.3M (+63%); international irrigation rev $71.7M (+100% driven by Brazil, Middle East).
- Infrastructure rev $28.4M (-45%) due to absence of large prior-year Road Zipper System project in UK.
- Backlog of unfilled orders $149.1M at Aug 31, 2021 vs $58.7M a year ago, led by higher irrigation orders.
- Guidance: North America irrigation demand supported by multi-year-high ag commodity prices; infrastructure slower start but growth expected.