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June 25, 2014
07:05 EDTLNNLindsay Corp. reports Q3 EPS $1.28, consensus $1.43
Reports Q3 revenue $169.9M, consensus $184.29M. Total irrigation equipment revenues decreased 26% compared to prior year to $149.0M, primarily due to lower crop prices. Backlog of unshipped orders at May 31 was $73.6M compared with $80.0M at May 31, 2013 and $89.3M at February 28.
News For LNN From The Last 14 Days
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January 23, 2015
07:02 EDTLNNLindsay Corp. comples acquisition of Elecsys
Lindsay Corporation (LNN) announced the completion of its acquisition of Elecsys Corporation (ESYS), a provider of machine-to-machine technology solutions and custom electronic systems. Elecsys shareholders will receive $17.50 per share in cash for each share of common stock they owned as of the effective time of the merger, without interest and less any applicable withholding taxes. The agreement was announced on November 4, 2014 and approved at a special meeting of Elecsys stockholders held on January 22, 2015 by over 99% of shares voted. Headquartered in Olathe, KS, Elecsys will continue to be operated by its current management team. As a result of the merger, the common stock of Elecsys will no longer be listed for trading on the NASDAQ exchange as of January 23.
January 13, 2015
15:27 EDTLNNRoyce & Associates reports 6.82% passive stake in Lindsay Corp.
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