Brief: Lindsay Corporation Reports Fiscal 2022 Third Quarter Results

Lindsay

30/06/2022 11:48

Lindsay Corp  LNN.N :
    * ORATION REPORTS FISCAL 2022 THIRD QUARTER RESULTS
    * Q3 EARNINGS PER SHARE $2.28
    * Q3 REVENUE ROSE 32 PERCENT TO $214.3 MILLION
    * GLOBAL DEMAND FOR IRRIGATION EQUIPMENT REMAINED STRONG IN
OUR
Q3, PARTICULARLY IN OUR INTERNATIONAL MARKETS
    * INFLATIONARY PRESSURES CONTINUE TO PERSIST
    * PLEASED TO SEE IMPROVED PRICE REALIZATION ACROSS BUSINESS
    * Q3 EARNINGS PER SHARE VIEW $1.60, REVENUE VIEW $188.9
MILLION --
REFINITIV IBES DATA
    * IN INFRASTRUCTURE BUSINESS, WE EXPECT TO COMPLETE DELIVERY
OF
ROAD ZIPPER SYSTEM PROJECT THAT BEGAN IN Q3
    * ALSO EXPECT TO BEGIN DELIVERY OF ANOTHER SIGNIFICANT
PROJECT IN
Q4

Source text for Eikon:  ID:nBw6WPBXLa 
Further company coverage:  LNN.N