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January 3, 2014
07:01 EDTLNNLindsay Corp board raises quarterly dividend by 100% to 26c per share
The company is announcing that its Board of Directors is increasing its regular quarterly cash dividend by 100% to 26c per share, payable February 28, 2014, to shareholders of record on February 14, 2014. The company is announcing that its Board of Directors has replaced its existing share repurchase authorization with an increased authorization to repurchase up to $150M of common stock. The authorization is in support of the company’s plans to opportunistically repurchase $100M-$150M of common stock over the next 24 months. Priorities for uses of cash include: Investment in organic growth including capital expenditures and expansion of international markets, Annual increases in dividends to shareholders, Synergistic water related acquisitions that provide attractive returns to shareholders, and Opportunistic share repurchases taking into account cyclical and seasonal fluctuations.
News For LNN From The Last 14 Days
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March 25, 2015
07:01 EDTLNNLindsay reports Q2 EPS 75c, consensus $1.13
Reports Q2 revenue $141.1M, consensus $156.65M. Backlog of unshipped orders at February 28, 2015 was $74.3 million compared with $89.3 million at February 28, 2014 and $68.3 million at November 30, 2014. The backlog at February 28, 2014 and November 30, 2014 included $12.7 million for the Golden Gate Bridge project, now completed. The current period includes $7.9 million of backlog from Elecsys Corporation. Rick Parod, president and CEO, commented, “While the longer term drivers to our markets remain positive, the cyclical contraction for irrigation equipment has continued. The U.S. irrigation market has been impacted by lower commodity prices and lower farm incomes, while international irrigation markets have remained more stable, although competitive pressure is increasing. The infrastructure segment made a significant contribution to the quarter with the installation of a Road Zipper System on the Golden Gate Bridge, and we remain optimistic about additional growth opportunities.”
March 24, 2015
15:28 EDTLNNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Paychex (PAYX), consensus 46c... Leidos (LDOS), consensus 48c... Apollo Education (APOL), consensus (16c)... Lindsay (LNN), consensus $1.13... Francesca's (FRAN), consensus 20c... Yingli Green Energy (YGE), consensus (13c).

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