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Lindsay Corp. (LNN)
NYSE:LNN
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Earnings Data
Report Date
Jan 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$1.39Last Year’s EPS
$1.36Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 7.64%
|Next Earnings Date:Jan 02, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance with significant challenges in the irrigation segment, particularly in international markets like Brazil, leading to decreased revenues and earnings. However, there were positive developments in the infrastructure segment and technology innovation, contributing to strong liquidity and strategic investments for future growth. The sentiment is balanced, with both challenges and opportunities highlighted.Company Guidance
During the Lindsay Corporation's fiscal fourth quarter 2024 earnings call, the company provided guidance indicating a mixed outlook for the upcoming year. Total revenues for the fourth quarter were down 7% to $155 million, with net earnings of $12.7 million or $1.17 per diluted share. Despite a challenging market environment, particularly in international irrigation due to market softness in Brazil, the company is optimistic about certain areas such as the MENA region, where a large project started shipping in the fourth quarter and is expected to contribute approximately $80 million in revenue in fiscal 2025. In the infrastructure segment, revenues increased by 24% to $29.1 million, driven largely by higher Road Zipper System sales. The company anticipates continued growth in infrastructure spending, supported by increased federal funding from the Infrastructure Investments and Jobs Act. Lindsay also highlighted a 28% growth rate in annual recurring revenue from connected irrigation devices, underlining their commitment to technology and innovation as a key driver of future growth. However, the company acknowledged potential margin headwinds due to the mix of international projects and ongoing challenges in the Brazilian market.Infrastructure Segment Growth
Infrastructure segment revenues for the fourth quarter increased by 24% compared to the prior year, driven by higher Road Zipper System sales and lease revenues. Operating income for the segment increased by 79%.
Technology and Innovation Success
Achieved a 28% growth rate in annual recurring revenue from device subscriptions in fiscal 2024, with more than 140,000 connected devices.
Strong Liquidity Position
Total available liquidity at the end of the fourth quarter was $240.9 million, with $190.9 million in cash and cash equivalents.
Operational Investments
Continued progress on the $50 million investment in the Nebraska facility to manage variable costs and support long-term growth.
Positive Outlook for U.S. Infrastructure
Anticipate an increase in U.S. infrastructure spending in fiscal 2025, driven by federal funding from the Infrastructure Investments and Jobs Act.
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LNN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LNN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $113.91 | $123.51 | +8.43% |
| Jun 27, 2024 | $112.56 | $128.72 | +14.36% |
| Apr 04, 2024 | $114.33 | $113.48 | -0.74% |
| Jan 04, 2024 | $121.37 | $129.72 | +6.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lindsay Corp. (LNN) report earnings?
Lindsay Corp. (LNN) is schdueled to report earning on Jan 02, 2025, TBA Not Confirmed.
What is Lindsay Corp. (LNN) earnings time?
Lindsay Corp. (LNN) earnings time is at Jan 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LNN EPS forecast?
LNN EPS forecast for the fiscal quarter 2025 (Q1) is $1.39.
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