Lindsay Corporation Reports Earnings and Revenue Growth

Lindsay Corporation (NYSE:LNN) reported earnings of $1.57 per share for the first quarter of fiscal 2025, exceeding analysts' estimates and reflecting a 15% year-over-year increase. However, its revenue of $166 million fell short of expectations, despite a 3% increase from the previous year. The company saw strong performance in its international irrigation segment, which grew by 37%, while North American irrigation revenues dropped by 13%. Lindsay has secured a significant $20 million contract for a Road Zipper System project in the Northeast, anticipated to be completed in the second quarter. Analysts have mixed sentiments, with Stifel Nicolaus raising its price target to $130 and StockNews.com upgrading its rating to 'buy', as institutional investor interest in the company grows. Despite these developments, the company faces challenges from low commodity prices impacting North American agricultural markets.