NYSE$LNN
Lindsay Corporation · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Second quarter operating income increased due to a 26 percent increase in revenues, improved agricultural market conditions that drove improved Irrigation performance, and Infrastructure results fueled by increase in Road Zipper System® sales and leases.
Lindsay Corporation reported a strong second quarter in fiscal year 2021, with revenues increasing by 26% to $143.6 million and net earnings reaching $11.9 million, or $1.08 per diluted share, driven by improved agricultural market conditions and higher Road Zipper System® sales and lease revenue.
- Operating income increased 83 percent due to revenue growth.
- Improved agricultural market conditions boosted Irrigation performance.
- Infrastructure results were driven by increased Road Zipper System sales and leases.
- Strong demand for irrigation equipment was experienced in North America and most international markets.
Headline financials
Revenue & EPS history
Lindsay · Revenue · Quarterly
$144M
Revenue by segment
Lindsay · $144M total across 2 segments · Q2 2021
- Irrigation$119M—82.6%
- Infrastructure$25M—17.4%
Forward guidance
Solid agricultural market fundamentals are expected to drive improved irrigation equipment demand for the balance of the year, while the infrastructure business anticipates continued coronavirus-related delays in road construction activity and projects.
Tailwinds
- Solid agricultural market fundamentals set the stage for improved irrigation equipment demand for the balance of the year.
- Teams have been effective in working through issues related to higher raw material and freight costs, along with supply chain constraints.
- Sales pipeline remains robust.
- Financial position remains strong.
- Innovation growth strategy addresses global megatrends and provide solutions that improve customer profitability and assist in their sustainability efforts.
Headwinds
- Significantly higher raw material and freight costs continue to present challenges.
- Supply chain constraints continue to present challenges.
- Continued coronavirus-related delays in road construction activity are expected.
- Continued coronavirus-related delays in projects are expected.
- Two large infrastructure orders in the prior year totaling $38 million did not repeat.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2021
-0.0%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+2.4%
Avg return
30 days after
45%
29 / 64 earnings
Positive
+16.9%
Q3 2012
Best reaction
-15.4%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | -12.2% | +2.8% | — | |
| Q1 2026 | +7.0% | +4.1% | +13.1% | |
| Q4 2026 | -4.6% | -10.7% | -8.1% | |
| Q3 2025 | -0.3% | +0.8% | +3.4% | |
| Q2 2025 | -0.9% | -10.8% | +1.8% | |
| Q1 2025 | +4.8% | +4.6% | +11.9% | |
| Q4 2024 | +6.3% | +3.5% | +14.1% | |
| Q3 2024 | +8.5% | +1.7% | +10.3% | |
| Q2 2024 | +0.8% | +2.8% | +2.5% | |
| Q1 2024 | +8.3% | +7.6% | +7.3% | |
| Q4 2023 | +8.1% | +16.9% | +18.7% | |
| Q3 2023 | -4.3% | -4.6% | +5.0% | |
| Q2 2023 | -15.4% | -14.6% | -21.2% | |
| Q1 2023 | -4.0% | -4.5% | -0.1% | |
| Q4 2022 | -1.4% | -1.1% | +9.8% | |
| Q3 2022 | +14.1% | +8.3% | +26.5% | |
| Q2 2022 | -2.1% | -2.4% | -10.2% | |
| Q1 2022 | -9.2% | -5.5% | -16.9% | |
| Q4 2021 | -8.8% | -11.2% | -0.5% | |
| Q3 2021 | -0.0% | -0.8% | -2.8% | |
| Q2 2021 | -4.0% | -2.4% | -0.1% | |
| Q1 2021 | +4.6% | +3.8% | +9.6% | |
| Q4 2020 | +4.1% | -0.8% | +5.4% | |
| Q3 2020 | +2.6% | +3.3% | +7.0% | |
| Q2 2020 | +2.3% | +7.2% | -8.1% | |
| Q1 2020 | +8.8% | +10.7% | +8.5% | |
| Q4 2019 | +3.5% | +1.1% | -2.6% | |
| Q3 2019 | +6.8% | +10.7% | +14.8% | |
| Q2 2019 | -9.8% | -10.0% | -8.3% | |
| Q1 2019 | -11.4% | -10.5% | -9.7% | |
| Q4 2018 | -2.3% | -4.5% | +3.9% | |
| Q3 2018 | +2.8% | +5.0% | -3.1% | |
| Q2 2018 | -5.1% | -4.7% | -0.9% | |
| Q1 2018 | -5.1% | -6.6% | +1.1% | |
| Q4 2017 | -4.2% | -1.6% | -3.1% | |
| Q3 2017 | +1.4% | +1.4% | +4.1% | |
| Q2 2017 | +8.3% | +6.0% | +6.7% | |
| Q1 2017 | -12.3% | -11.4% | -12.4% | |
| Q4 2016 | +13.2% | +13.1% | +13.3% | |
| Q3 2016 | -0.8% | -3.0% | +1.9% | |
| Q2 2016 | -11.5% | — | — | |
| Q4 2015 | -6.7% | — | — | |
| Q3 2015 | +6.1% | — | — | |
| Q2 2015 | -6.6% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | +2.4% | — | — | |
| Q3 2014 | -5.5% | — | — | |
| Q2 2014 | +5.5% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | -9.0% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q2 2013 | -4.5% | — | — | |
| Q1 2013 | +13.0% | — | — | |
| Q4 2010 | +2.5% | — | — | |
| Q4 2012 | -1.8% | — | — | |
| Q3 2011 | +6.5% | — | — | |
| Q3 2012 | +16.9% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q1 2011 | -1.0% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q3 2010 | -3.1% | — | — | |
| Q2 2010 | +1.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro