Lindsay (LNN) Tops Q1 EPS by 37c

Lindsay (NYSE: LNN) reported Q1 EPS of $1.65, $0.37 better than the analyst estimate of $1.28. Revenue for the quarter came in at $176.2 million versus the consensus estimate of $176.36 million.

GUIDANCE:

“Current commodity price levels and net farm income projections support a positive outlook for North America irrigation equipment demand in the near term. We expect demand in international markets to be supported by expanded production driven by positive agricultural market fundamentals and continuing concerns over food security and global grain supplies,” said Mr. Wood. “In the infrastructure business, we expect growth to be supported by an anticipated increase in U.S. infrastructure spending and by the ongoing management of our project sales funnel.”

For earnings history and earnings-related data on Lindsay (LNN) click here.

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