Option chain shows key data for Lindsay's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Lindsay.

Lindsay (NYSE:LNN) Stock, Option Chain

Lindsay

Lindsay Corp provides various proprietary water management and road infrastructure products and services. It has operations categorized into two main reporting segments: Irrigation, and Infrastructure. The company generates maximum revenue from the Irrigation segment. Its Irrigation segment includes manufacturing and marketing center pivot, lateral move, and hose reel irrigation systems, as well as various technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of its revenue from the United States.

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Despite weak commodity prices and high costs adversely impacting the near-term outlook of the Zacks Manufacturing - Farm Equipment industry, it will gain from sustained demand for agricultural equipment required to feed a growing population.

4 Farm Equipment Stocks to Watch Amid Industry Challenges

Lindsay Corporation (NYSE: LNN) delivered adjusted earnings per share of $1.41 in third-quarter fiscal 2024 (ended on May 31, 2024), beating the Zacks Consensus Estimate of $1.25. The bottom line fell 8% year over year.


Lindsay Earnings Top Estimates in Q3, Revenues Dip Y/Y

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Lindsay shares rise nearly 9% as Q3 EPS beat expectations despite revenue decline, buoyed by infrastructure business growth and optimistic backlog.

Why Manufacturing Company Lindsay Shares Are Gaining Today

Lindsay Corp

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Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Lindsay shares are trading higher after the company reported better-than-expected Q4 financial results.

Lindsay Q4 2024 GAAP EPS $1.17 Beats $1.02 Estimate, Sales $155.000M Beat $145.470M Estimate

Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) will release its quarterly earnings report on Thursday, 2024-10-24. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Lindsay to report an earnings per share (EPS) of $1.01.
Investors in Lindsay are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
In the previous earnings release, the company beat EPS by $0.68, leading to a 5.1% drop in the share price the following trading session.
Here's a look at Lindsay's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.17</td>
<td>1.55</td>
<td>1.27</td>
<td>1.11</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.85</td>
<td>1.64</td>
<td>1.36</td>
<td>1.74</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>2.0%</td>
<td>1.0%</td>
<td>-6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729706511_0.png" alt="eps graph" />
<h3>Performance of Lindsay Shares</h3>
Shares of Lindsay were trading at $112.31 as of October 22. Over the last 52-week period, shares are down 9.51%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/LNN/earnings">To track all earnings releases for Lindsay visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Lindsay

Despite weak commodity prices and high costs adversely impacting the near-term outlook of the Zacks Manufacturing - Farm Equipment industry, it will gain from sustained demand for agricultural equipment required to feed a growing population.
Major players like Deere (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>), Kubota (OTC: <a class="ticker" href="https://www.benzinga.com/stock/kubty#OTC">KUBTY</a>), AGCO Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agco#NYSE">AGCO</a>) and Lindsay (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lnn#NYSE">LNN</a>) are well-poised to benefit from this demand by expanding their product offerings. The industry&#39;s emphasis on revolutionizing agriculture with technology to make farming automated is expected to be a major catalyst. Companies like Deere, CNH Industrial&nbsp;and AGCO are thus investing heavily in upping their technology game.
About the Industry
The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These equipment include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers, and mowers. Some companies in the industry produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment and garden tillers and snow throwers. Some participants in the industry also manufacture irrigation equipment. Deere, CNH Industrial and AGCO presently hold the foremost positions as the top three global manufacturers of agricultural equipment (in that order).
Trends Shaping the Future of the Manufacturing - Farm Equipment Industry
Low Commodity Prices Act as a Woe: Soybeans&#39; prices have decreased 9.5% so far in 2024 and corn prices have declined 14.2%. Deteriorating agricultural commodity prices, high interest rates and production costs have affected farmer sentiment. This, in turn, is weighing on agricultural equipment demand. Wheat, corn and soybean prices are likely to decline due to high inventory levels and expectations of an increase in supply. Also. demand in China for soybeans is expected to go down due to the government&#39;s efforts to reduce and substitute the use of soybeans in animal feed to decrease reliance on imports. The U.S. Department of Agriculture projects a net farm income of $116.1 billion for 2024, indicating a decline of 25.5% from 2023. Low farm income will continue to influence farmers&#39; investment decision-making until conditions stabilize.
High Costs &amp; Supply-Chain Issues Are Worrisome: The industry has not been immune to the rampant cost inflation prevailing in the sector. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries.
Need for Food to Drive Demand for the Industry: Despite the volatility in commodity prices, agricultural equipment demand will be supported by increased global demand for food stemming from population growth and an increasing proportion of the population aspiring for better living standards. In the United States, the agricultural machinery market is forecast to reach $39.56 billion in 2024. It is expected to reach $53.7 billion in 2027 at a compound annual growth rate (CAGR) of 6.3% between 2024 and 2027. Farm size has been on the rise in the United States, which calls for more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor.
Technologically Advanced Machinery Continues to Gain Popularity: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers&#39; evolving demands. Precision agriculture technology is expected to be a key catalyst, as it enables farmers to increase yield with reduced input costs and sustainability benefits. Deere, CNH and AGCO are currently the forerunners in this. CNH Industrial&#39;s acquisition of Raven Industries in November 2021 marked an important milestone in the company&#39;s digital transformation. It expanded CNH&#39;s portfolio of precision agriculture technology offerings and accelerated the development of advanced machine automation and autonomous agriculture technology. In 2023 the company acquired global satellite navigation technology leader Hemisphere, boosting its in-house precision, automation and autonomy technology.
Zacks Industry Rank Indicates Dull Prospects
The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #232, which places it at the bottom 7% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dim prospects in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group&#39;s earnings growth potential. Since the beginning of this year, the industry&#39;s earnings estimate for the current year has gone down 8%.
Despite the bleak near-term prospects of the industry, we will present a few Manufacturing - Farm Equipment stocks that can be retained in one&#39;s portfolio. It is worth taking a look at the industry&#39;s stock market performance and valuation picture before that.
Industry Versus Broader Market
The Zacks Manufacturing - Farm Equipment industry has underperformed its sector and the Zacks S&amp;P 500 composite over the past 12 months. Stocks in this industry have declined 15.2% in the past 12 months against the S&amp;P 500&#39;s growth of 29.8%. The Industrial Products sector has gained 10.5% in the said time frame.
<h3>One-Year Price Performance 
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/oneyear_20240708.jpg" style="height:363px; width:620px" /></h3>
Industry&#39;s Current Valuation
On the basis of the trailing EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 13.48X compared with the S&amp;P 500&#39;s 20.09X. The Industrial Products sector&#39;s trailing 12-month EV/EBITDA is 16.14X. This is shown in the charts below.
<h3>Enterprise Value/EBITDA (EV/EBITDA) Ratio</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ttmspm_20240708.jpg" style="height:234px; width:620px" />
<h3>Enterprise Value/EBITDA (EV/EBITDA) Ratio</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ttminds_20240708.jpg" style="height:228px; width:620px" />
Over the last five years, the industry traded as high as 28.72X and as low as 11.16X, the median being 18.35X.
4 Manufacturing - Farm Equipment Stocks to Keep an Eye on
Deere: The company is witnessing solid growth in order levels, which is expected to aid its top-line performance. DE will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Replacement demand, triggered by the need to upgrade old equipment, will continue to support its revenues. Considering that Deere also makes construction equipment, it will benefit from strong demand in the residential and non-residential construction markets. DE&#39;s cost-control actions have been supporting margins despite the persistent inflationary pressures.
The Zacks Consensus Estimate for the Moline, IL-based company&#39;s fiscal 2024 earnings is pegged at $25.59. DE has a trailing four-quarter earnings surprise of 16%, on average. Deere has an estimated long-term earnings growth rate of 9.7% and carries a Zacks Rank #3.
<h3>Price &amp; Consensus: DE</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/deio_20240703.jpg" style="height:375px; width:620px" />
Kubota: The company has formulated its long-term vision, &quot;GMB2030.&quot; It has been progressing with initiatives to realize smart agriculture with the aim of providing solutions that will improve the productivity and safety of food. Agricultural machine automation is one of the key pillars of these initiatives. The company has invested in Chouette &mdash; an AgTech company that uses artificial intelligence to analyze images captured by cameras to detect diseases and tree vigor, and, based on the data analysis, creates the optimal spray volume of chemicals by unique algorithms. The company will continue to benefit from strong demand for its agricultural equipment. Demand for its construction equipment will be supported by increased infrastructure spending in the United States. Its prospects look promising in other parts of the world.
The Zacks Consensus Estimate for Osaka, Japan-based Kubota&#39;s earnings for fiscal 2024 is pegged at $6.21. The company has a trailing four-quarter earnings surprise of 48.3%, on average. It has an estimated long-term earnings growth rate of 2.9% and currently carries a Zacks Rank #3 (Hold).
<h3>Price &amp; Consensus: KUBTY</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/kubtyio_20240703.jpg" style="height:379px; width:620px" />
AGCO Corp: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. It has been investing in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and the company&#39;s cost-control measures, have driven margin expansion over the past few quarters. AGCO recently announced that it is restructuring its dealership network in Ohio. This will allow skilled dealers to broaden access to the manufacturer&#39;s popular brands across the Buckeye State. The dealerships plan to offer AGCO&#39;s whole brand portfolio, which includes Fendt, Massey Ferguson and PTx equipment and services. Lowe &amp; Young, Mayer Farm Equipment and North Star Hardware &amp; Implement are all current AGCO dealers in Ohio. They will broaden their product and service offerings in their current markets.
The Zacks Consensus Estimate for the company&#39;s fiscal 2024 earnings is pegged at $11.64. AGCO has a trailing four-quarter earnings surprise of 7.7%, on average. It has an estimated long-term earnings growth rate of 13.4%. This Duluth, GA-based company currently carries a Zacks Rank #3.
<h3>Price &amp; Consensus: AGCO</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/cnhio_20240703.jpg" style="height:380px; width:620px" />
Lindsay: The company is well poised to gain from its demand for its Road Zipper System. Its Road Zipper System is a highly differentiated product that delivers significant advantages by addressing key infrastructure needs such as reducing congestion, lowering carbon emission, improving commuter travel time and increasing driver safety. Road Zipper Systems are gaining popularity globally for its faster implementation and lower cost compared to constructing new lanes. Lindsay&#39;s infrastructure business is beginning to benefit from rising infrastructure spending in the United States, particularly in Road Zipper System leasing and the sale of road safety equipment. The company recently signed a multi-year supply agreement to provide Zimmatic irrigation systems and FieldNET remote management and scheduling technology in the Middle East and North Africa region. The project is valued at more than $100 million in revenues. Pivot shipments for this project will commence in fourth-quarter fiscal 2024 and are scheduled to continue until 2025.
The Zacks Consensus Estimate for the Omaha, NE-based company&#39;s ongoing-year earnings is pegged at $5.47. LNN has a trailing four-quarter earnings surprise of 19.9%, on average. It currently carries a Zacks Rank #3.
<h3>Price &amp; Consensus: LNN</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/lnnio_20240703.jpg" />
<a href="https://www.zacks.com/commentary/2296584/4-farm-equipment-stocks-to-watch-amid-industry-challenges?cid=CS-BENZ-FT-industry_outlook-2296584">To read this article on Zacks.com click here.</a>

Lindsay Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lnn#NYSE">LNN</a>) delivered adjusted earnings per share of $1.41 in third-quarter fiscal 2024 (ended on May 31, 2024), beating the Zacks Consensus Estimate of $1.25. The bottom line fell 8% year over year. 
Including an income tax credit of 44 cents per share, earnings per share in the quarter were $1.85. 
Lindsay generated revenues of $139 million, down 15.4% from the $165 million reported in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $152 million. 
The company&#39;s backlog as of May 31, 2024, was $246.9 million compared with $94.5 million as of May 31, 2023.
<div class="chart_embed">
<h3>Lindsay Corporation Price, Consensus and EPS Surprise</h3>
<h3><img alt="Lindsay Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6b/1719585364.png" style="height:281px; width:620px" title="" /></h3>
Lindsay Corporation price-consensus-eps-surprise-chart | Lindsay Corporation Quote
</div>
<h3>Operational Update</h3>
The cost of operating revenues fell 16.7% year over year to $93 million. Gross profit decreased 12.8% to $46.5 million from the year-earlier quarter. The gross margin was 33.4% compared with the year-ago quarter&#39;s 32.4%. 
Operating expenses were $26.6 million in the fiscal third quarter, up 1.1% year over year. Operating income was $20 million, down from the prior-year quarter&#39;s $27 million.
<h3>Segmental Results</h3>
The Irrigation segment&#39;s revenues fell 19% year over year to around $115 million in the fiscal third quarter. North America irrigation revenues decreased 9% from the year-ago quarter to $68 million due to lower unit sales volumes and reduced sales of replacement parts. 
International irrigation revenues dipped 31% year over year to $47 million on lower sales volumes in Brazil and other Latin America markets. The irrigation segment&#39;s operating income fell 36% year over year to $19.5 million. 
The Infrastructure segment&#39;s revenues increased 11% year over year to $24 million on higher Road Zipper System sales and increased lease revenues. The segment reported operating income of $6.3 million, up 76% year over year.
<h3>Financial Position</h3>
Lindsay had cash and cash equivalents of $140 million at the end of the third quarter of fiscal 2023 compared with $161 million at the end of fiscal 2023. The company&#39;s long-term debt stood at around $115 million at the end of the fiscal third quarter, flat with the end of fiscal 2023. 
Lindsay issued a quarterly cash dividend of 36 cents per share, a 3% increase compared to the previous quarter&#39;s projected rate of 35 cents. This is payable on Aug 30, 2024, to shareholders of record at the close of business on Aug 16, 2024. The current annual indicated rate is $1.44 per share, updated from the previous rate of $1.40.
<h3>Outlook</h3>
The company anticipates the performance in North America and Brazil to continue being impacted. However, it is confident in the market&#39;s long-term growth potential. The company expects continued growth in expanding international markets, driven by the ongoing need to address food security. 
LNN&#39;s infrastructure business is beginning to benefit from rising infrastructure spending in the United States, particularly in Road Zipper System leasing and sales of road safety equipment. It also continues to actively manage projects through the Road Zipper System project sales funnel. However, project implementation timing is difficult to estimate.
<h3>Price Performance</h3>
Lindsay&#39;s shares have gained 5% in the past year against the industry&#39;s fall of 10.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c1/69865.jpg?v=981014421" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
The company currently carries a Zacks Rank #3 (Hold).
<h3>Farm Equipment Stocks Awaiting Results</h3>
Deere &amp; Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>) is expected to release its third-quarter fiscal 2024 results soon. 
The Zacks Consensus Estimate for the company&#39;s earnings per share is pegged at $5.95 for the fiscal third quarter, suggesting a decline of 41.9% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $11.02 billion, indicating a year-over-year decrease of 22.8% 
AGCO Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agco#NYSE">AGCO</a>) is expected to release its second-quarter 2024 results soon. The Zacks Consensus Estimate for the company&#39;s earnings per share is pegged at $3.09 for the second quarter, suggesting a decline of 27.8% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $3.4 billion, indicating a year-over-year decrease of 5.9%. 
CNH Industrial N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnh#NYSE">CNH</a>) is expected to release its second-quarter 2024 results soon. The Zacks Consensus Estimate for the company&#39;s earnings per share is pegged at 39 cents for the second quarter, suggesting a decline of 25% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $5.7 billion, indicating a year-over-year decrease of 13.6%.
<a href="https://www.zacks.com/stock/news/2295199/lindsay-lnn-earnings-top-estimates-in-q3-revenues-dip-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2295199">To read this article on Zacks.com click here.</a>

Lindsay Corporation Lowers Cash Dividend By 3% To $0.36 Per Share; Dividend Is Payable August 30, 2024

Lindsay Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) shares are trading higher on Thursday after<a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/b39520277/lindsay-corporation-reports-third-quarter-fiscal-2024-results" rel="noreferrer noopener"> reporting strength in infrastructure unit in third-quarter results.</a>
The company reported quarterly earnings per share of $1.85, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the street view of $1.17.</a>
Third-quarter revenues totaled $139.20 million (down 15% year over year), missing the analyst consensus of $144.36 million, as market conditions in the irrigation segment continue to weigh on farmer sentiment, resulting in demand softness.&nbsp;
However, the company gained strength in the infrastructure business, supported by new project sales and momentum in leasing revenues of the Road Zipper System.
Infrastructure segment revenues for the quarter were $24.4 million, up 11% year over year.
&#8220;The growth and margin expansion we achieved in our infrastructure business for the quarter helped to offset some of the softness in the irrigation business,&#8221; said Randy Wood, President and Chief Executive Officer.
Operating margin was 14.3%, down from 16.4% in the prior year quarter. The decrease in operating income and margin resulted mainly from lower irrigation segment revenues and the impact from deleverage of fixed operating expenses.
This decrease, however, was partially offset by improved operating income and operating margin in the infrastructure segment.
The backlog of unfilled orders as of May-end, was $246.9 million compared with $94.5 million as of May 31, 2023.
&#8220;We expect demand in North America to remain tempered until the outlook for net farm income improves. Similarly, we expect current market conditions in Brazil to temper demand for irrigation equipment in the near term, while we remain confident in the longer-term growth opportunity in that market,&#8221; the CEO added.
Price Action: LNN shares are trading higher by 9.33% to $123.78&nbsp;at last check Thursday.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39520026/why-blackberry-shares-are-gaining-thursday" target="_blank" rel="noreferrer noopener">Why BlackBerry Shares Are Gaining Thursday</a>
Photo: Courtesy of 24K-Production via Shustterstock

Lindsay shares are trading higher after the company reported better-than-expected Q3 EPS results.

Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) reported quarterly earnings of $1.85 per share which beat the analyst consensus estimate of $1.17 by 58.12 percent. The company reported quarterly sales of $139.200 million which missed the analyst consensus estimate of $144.363 million by 3.58 percent. This is a 15.41 percent decrease over sales of $164.553 million the same period last year.

Earnings Beats

Earnings Misses

Lindsay Q3 2024 GAAP EPS $1.85 Beats $1.17 Estimate, Sales $139.200M Miss $144.363M Estimate

Lindsay Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced that it has entered into a multi-year supply agreement to provide Zimmatic&trade; irrigation systems and the Company&#39;s FieldNET&trade; remote management and scheduling technology in the MENA region. The project, valued at more than&nbsp;$100 million&nbsp;in revenue, is the largest in Lindsay&#39;s history and is part of a broader strategy to support localized food production in the region.

Lindsay Bags Over $100M Deal to Provide Zimmatic Irrigation Systems and FieldNET Remote Management and Scheduling Technology in the MENA Region

Northcoast Research analyst Ryan Connors upgrades Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) from Neutral to Buy and announces $142 price target.

Upgrades

Price Target

Northcoast Research Upgrades Lindsay to Buy, Announces $142 Price Target

Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) reported quarterly earnings of $1.64 per share which beat the analyst consensus estimate of $1.55 by 5.81 percent. This is a 0.61 percent increase over earnings of $1.63 per share from the same period last year. The company reported quarterly sales of $151.50 million which missed the analyst consensus estimate of $172.06 million by 11.95 percent. This is a 8.87 percent decrease over sales of $166.24 million the same period last year.

Lindsay Q2 EPS $1.64 Beats $1.55 Estimate, Sales $151.50M Miss $172.06M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $3.01 billion.
&bull; Trinity Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIB#NASDAQ">TRIB</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $15.00 million.
&bull; AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $75.73 million.
&bull; WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is likely to report quarterly earnings at $1.06 per share on revenue of $1.61 billion.
&bull; Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) is likely to report earnings for its fourth quarter.
&bull; Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is estimated to report quarterly earnings at $1.45 per share on revenue of $1.65 billion.
&bull; Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) is likely to report quarterly loss at $1.09 per share on revenue of $626.15 million.
&bull; Simply Good Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $316.88 million.
&bull; CollPlant Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLGN#NASDAQ">CLGN</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $8.56 million.
&bull; RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.52 billion.
&bull; Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is estimated to report quarterly earnings at $1.55 per share on revenue of $172.06 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Conifer Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNFR#NASDAQ">CNFR</a>) is likely to report quarterly loss at $0.02 per share on revenue of $15.46 million.
&bull; Movano (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOVE#NASDAQ">MOVE</a>) is estimated to report earnings for its fourth quarter.
&bull; Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) is projected to report quarterly loss at $0.03 per share on revenue of $56.64 million.
&bull; Genfit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNFT#NASDAQ">GNFT</a>) is likely to report earnings for its Fiscal Year 2023.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ANGO

CLGN

CNFR

WisdomTree Trust International LargeCap Dividend

GNFT

KRUS

MOVE

RDUS

RELI

SMPL

TRIB

Earnings Scheduled For April 4, 2024

Pessl boasts more than 80,000 connected in-field data collection devices globally, with 50,000 active customers using its FieldClimate online interface.&nbsp;The transaction is expected to close in the second half of fiscal 2024

Lindsay Agrees To Acquire 49.9% Minority Interest In Austria-based Pessl Instruments GmbH, With An Option To Acquire Remainder At A Later Date; No Terms Disclosed

Stifel analyst Nathan Jones maintains Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) with a Hold and lowers the price target from $136 to $122.

Stifel Maintains Hold on Lindsay, Lowers Price Target to $122

Lindsay To Invest Over $50M To Expand, Modernize Manufacturing Facility

<h3>Companies Reporting Before The Bell</h3>
&bull; Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $1.70 billion.
&bull; Schnitzer Steel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) is likely to report quarterly loss at $0.70 per share on revenue of $643.35 million.
&bull; Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $3.24 billion.
&bull; Simply Good Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $308.83 million.
&bull; Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is expected to report quarterly earnings at $0.63 per share on revenue of $34.85 billion.
&bull; Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is likely to report quarterly earnings at $1.27 per share on revenue of $163.43 million.
&bull; RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $1.84 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $65.88 million.
&bull; Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) is projected to report quarterly loss at $0.10 per share on revenue of $51.65 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Earnings Scheduled For January 4, 2024

Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) reported its Q1 earnings results on Thursday, January 4, 2024 at 06:45 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Lindsay beat estimated earnings by 7.09%, reporting an EPS of $1.36 versus an estimate of $1.27.
Revenue was down $14.80 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.63 which was followed by a 5.69% drop in the share price the next day.
Here's a look at Lindsay's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.11</td>
<td>2.15</td>
<td>1.53</td>
<td>1.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.74</td>
<td>1.53</td>
<td>1.63</td>
<td>1.65</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>157.80M</td>
<td>208.40M</td>
<td>188.27M</td>
<td>176.43M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>167.13M</td>
<td>164.55M</td>
<td>166.24M</td>
<td>176.16M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Lindsay <a href="https://www.benzinga.com/quote/LNN/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Lindsay Q1 Earnings

Reports Q4 revenue $155.0M, consensus $145.47M. "While agricultural markets globally remain challenged due to lower grain prices and grower profita...

Lindsay reports Q4 EPS $1.17, consensus $1.01

Lindsay Corporation (LNN) Q4 2024 Earnings Call Transcript

Lindsay ( ($LNN) ) has shared an announcement. Lindsay Corporation's Management Incentive Plan for fiscal year 2025 offers senior officers cash inc...

Lindsay Corporation Unveils 2025 Management Incentive Plan

Lindsay declares $0.36 dividend

Dividend Champion, Contender, And Challenger Highlights: Week Of November 10

Dividend Champion, Contender, And Challenger Highlights: Week Of November 24

With their ability to adapt quickly and focus on innovation, small-cap industrial stocks offer growth and resilience. Amid this backdrop, you might consider keeping an eye on industrial stocks Lindsay Corp (LNN), MRC Global (MRC), and Matthews International Corp (MATW) in this evolving industrial landscape. Read on… <a href="https://www.investopedia.com/terms/s/small-cap.asp">Small-cap</a> industrial stocks that have a market cap below $2 billion are showing remarkable adaptability as global supply chain disruptions persist. Therefore, investors might consider adding three small-cap industrial stocks: Lindsay Corporation (<a href="https://stocknews.com/stock/LNN/">LNN</a>), MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>), and Matthews International Corporation (<a href="https://stocknews.com/stock/MATW/">MATW</a>) to their watchlists as they are reshaping the sector's landscape.
In the past four years, global industrial manufacturing and construction supply chains have <a href="https://www2.deloitte.com/us/en/insights/industry/manufacturing/global-supply-chain-resilience-amid-disruptions.html">experienced significant disruptions while being exposed to limited supplier options</a>. To help reduce exposure to global disruptions and maintain and boost margins, manufacturers want to be strategic in their supply base restructuring by identifying and targeting specific components of a broader cost equation and balancing cost opportunities with innovation potential.
Manufacturers are adapting to labor shortages, shifting geopolitical tensions, and potential tariffs with strategies like <a href="https://www.westmonroe.com/insights/manufacturing-outlook">reshoring and automation</a>. The demand for resilient supply chain solutions is boosting revenue streams for these agile players.
Small-cap industrials have responded by investing in localized manufacturing, adopting advanced technology like AI-driven logistics, and diversifying supplier bases. These actions enable them to reduce dependency on fragile international networks. The global Industry 4.0 market is expected to reach $634.94 billion by 2032, growing at a <a href="https://www.precedenceresearch.com/press-release/industry-4-0-market">CAGR of 18.7%</a>.
With that in mind, let's look at the fundamentals of the above-mentioned stocks.
Lindsay Corporation (<a href="https://stocknews.com/stock/LNN/">LNN</a>)
With a market cap of $1.41 billion, LNN provides water management and road infrastructure products and services worldwide. The company operates through two segments: Irrigation and Infrastructure.
On June 25, LNN announced the installation of its first TAU-XR Xpress Repair Crash Cushion, the latest innovation in its proven lineup of crash cushion systems. This innovation is designed for swift installation and enhances efficiency and protection for road maintenance teams.
For the fourth quarter that ended August 31, 2024, LNN posted <a href="https://www.investopedia.com/terms/o/operating-revenue.asp">operating revenue</a> of $154.99 million, while its Infrastructure segment amounted to $29.13 million, indicating a 23.8% growth from the prior-year quarter. Its net earnings came in at $12.74 million, and its earnings per share stood at $1.17.
The consensus revenue estimate of $169.80 million for the fiscal first quarter (ended November 2024) represents a 5.2% increase year-over-year. The consensus EPS estimate of $1.40 for the same quarter indicates a 2.6% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
Moreover, LNN's net income has grown at CAGRs of 15.9% and 98.1% over the past three and five years, respectively. In addition, its EPS increased at 97.5% CAGR over the past five years.
LNN shares have surged 13.3% over the past six months and 8.9% over the past three months to close the last trading session at $129.40.
LNN's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has a B grade for Value and Momentum. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the 35 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry, it is ranked #15. <a href="https://stocknews.com/stock/LNN/">Click here</a> to see the additional LNN ratings (Growth, Stability, Sentiment, and Quality).
MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>)
MRC is a global distributor of pipes, valves, fittings, and other infrastructure products and services to diversified energy, industrial, and gas utility end markets. It provides supply chain solutions, technical product service, and a digital platform to its customers in the United States, Canada, and internationally. It has a market cap of $1.18 billion.
On June 13, MRC announced an agreement with ExxonMobil in North America to be the primary provider of pipe, valves, and fitting (PVF) products and services. This agreement allows MRC to maintain, repair, operate, and perform project work across ExxonMobil's upstream and downstream facilities.
MRC's sales for the third quarter (ended September 30, 2024) came in at $797 million. The company's attributable net income for the quarter amounted to $23 million, and its EPS was reported at $0.27.
Analysts expect MRC's revenue and EPS for the current year (ending December 2024) to be $3.17 billion and $0.81, respectively. For the fiscal year 2025, its revenue is expected to increase marginally year-over-year to $3.23 billion, while its EPS is forecasted to settle at $1.03, indicating a 27.6% improvement over the prior year.
MRC's EBIT has grown at a CAGR of 321.7% over the past three years. Likewise, the company's levered FCF has increased at a CAGR of 26.5% over the past three years.
Over the past year, the stock has surged 31.5%, closing the last trading session at $13.89.
MRC's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has an A grade for Value and a B for Momentum and Sentiment. Within the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry, it is ranked #6 out of 53 stocks. <a href="https://stocknews.com/stock/MRC/">Click here</a> to see MRC's ratings for Growth, Stability, and Quality.
Matthews International Corporation (<a href="https://stocknews.com/stock/MATW/">MATW</a>)
MATW offers brand solutions, memorialization products, and industrial technologies globally and has a market cap of $931.84 million. The company operates through three segments: Memorialization; Industrial Technologies; and SGK Brand Solutions.
On November 20, demonstrating its commitment to returning value to shareholders, the company declared a quarterly dividend of $0.25 per share, payable to its shareholders on December 16, 2024. MATW pays an annual dividend of $1, which translates to a yield of 3.21% at the current share price. Its four-year average dividend yield is 2.81%. Moreover, the company's dividend payouts have increased at an impressive CAGR of 3.9% over the past three years.
In the fiscal fourth quarter that ended on September 30, 2024, MATW's sales amounted to $446.69 million, while its SGK Brand Solutions segment increased marginally year-over-year to$135.94 million. The company's adjusted net income came in at $16.56 million or $0.55 per share.
Street expects MATW's revenue for the fiscal year (ending September 2026) to increase 2% year-over-year to $1.82 billion. Moreover, its EPS estimate of $2.08 for the same period indicates a 15.3% year-over-year growth.
Over the past three and five years, MATW's EBIT grew at CAGRs of 41.7% and 4.1%, respectively, while its levered FCF grew at 10.7% CAGR over the past five years.
The stock has gained 29.8% over the past month and 25.1% over the past three months to close the last trading session at $30.45.
MATW's fundamentals are reflected in its POWR Ratings. The stock has a B grade for Value and Sentiment. It is ranked #18 out of 35 stocks in the same Industrial - Manufacturing industry.
Beyond what is stated above, we've also rated MATW for Growth, Momentum, Stability, and Quality. Get all MATW's ratings <a href="https://stocknews.com/stock/MATW/">here</a>.
What To Do Next?
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<hr />
LNN shares were trading at $129.92 per share on Friday afternoon, up $0.52 (+0.40%). Year-to-date, LNN has gained 1.77%, versus a 28.99% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/lnn-mrc-matw-3-small-cap-industrials-adapting-to-supply-chain-challenges/>3 Small-Cap Industrials Adapting to Supply Chain Challenges</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Small-Cap Industrials Adapting to Supply Chain Challenges

Stifel Nicolaus analyst Nathan Jones maintained a Hold rating on Lindsay (LNN – Research Report) today and set a price target of $0.00. The company...

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