Lindsay 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.
Lindsay raises quarterly ash dividend to 28c per share from 27c per share Lindsay announced that its board has declared a regular quarterly cash dividend of 28c per share, payable August 31, to shareholders of record on August 17. This quarterly cash dividend rate represents a 4% increase over the previous quarterly indicated rate of 27c per share. The new annual indicated rate is $1.12 per share, up from the previous annual indicated rate of $1.08 per share.