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Lindsay(LNN) - 2024 Q4 - Earnings Call Transcript
2024-10-25 03:36
财务数据和关键指标变化 - 2024财年第四季度总收入为1.55亿美元,同比下降7% [7] - 2024财年净收益为6630万美元,每股摊薄收益为6.01美元,同比下降8% [7][8] - 2024财年总收入为6.071亿美元,同比下降10% [7] 各条业务线数据和关键指标变化 - 灌溉业务第四季度收入为1.259亿美元,同比下降12% [8] - 北美灌溉收入为6170万美元,同比增长2% [8] - 国际灌溉收入为6420万美元,同比下降23% [9] - 基础设施业务第四季度收入为2910万美元,同比增长24% [11] - 基础设施业务全年收入为9320万美元,同比增长6% [12] 各个市场数据和关键指标变化 - 北美市场的灌溉设备销售因风暴损坏替换需求略有上升 [2] - 巴西市场因种植者盈利能力下降和客户情绪低迷,市场疲软持续 [3] - MENA地区的大型项目在第四季度开始发货,部分抵消了巴西市场的下滑 [4] 公司战略和发展方向和行业竞争 - 公司计划继续投资于技术和创新,以增强市场竞争力 [6] - 预计2025财年美国基础设施支出将增加,推动相关业务增长 [5] - 公司在国际市场上积极推进项目,以支持食品安全和其他发展中市场的灌溉需求 [4] 管理层对经营环境和未来前景的评论 - 管理层对未来市场持谨慎态度,特别是在灌溉业务方面,预计2025年整体市场将略有下滑 [3] - 对于巴西市场,管理层预计在2025年前两季度将继续下滑 [18] - 管理层对MENA地区的项目持乐观态度,认为将为未来增长提供支持 [17] 其他重要信息 - 公司在内布拉斯加州的设施投资达5000万美元,以提高应对需求波动的能力 [7] - 2024财年自由现金流为6680万美元,占净收益的101% [13] 问答环节所有提问和回答 问题: 关于季度和年度的边际利润下降 - 管理层表示,国际灌溉业务的边际利润下降主要与巴西市场的表现有关 [16] 问题: 关于中东项目的收入情况 - 第四季度中东项目的发货收入约为1400万美元,预计2025年将有8000万美元的收入 [17] 问题: 关于SG&A费用的上升 - 管理层指出,SG&A费用的上升部分是由于项目业务的销售佣金和研发投资 [21] 问题: 关于基础设施业务的增长机会 - 管理层认为2025年的增长主要来自美国市场,国际市场也有机会 [30] 问题: 关于新产品的创新 - 公司在技术和创新方面的投资将继续推动市场差异化 [32] 问题: 关于风暴相关收入的影响 - 管理层表示,第四季度的风暴损坏活动略高于平均水平,预计未来几个月将有相关收入 [34]
Lindsay (LNN) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2024-10-24 20:55
Lindsay (LNN) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this irrigation equipment maker would post earnings of $1.25 per share when it actually produced earnings of $1.41, delivering a surprise of 12.80%.Over the last four quarters, th ...
Lindsay(LNN) - 2024 Q4 - Annual Results
2024-10-24 18:45
movable Exhibit 99.1 18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836 Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2024 Results Improved infrastructure results, steady demand in North America irrigation, and international irrigation project revenue help to partially offset market softness in Brazil OMAHA, Neb., October 24, 2024—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today annou ...
Angus Gold Appoints Lindsay Dunlop as Vice President, Investor Relations
GlobeNewswire News Room· 2024-08-20 19:00
TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Angus Gold (TSXV:GUS) ("Angus" or "the Company") is pleased to announce the appointment of Lindsay Dunlop as Vice President, Investor Relations effective August 19, 2024. Ms. Dunlop is an investor relations professional with over 15 years experience in communications, capital markets and finance primarily in the mining sector. Most recently she was the Vice President, Investor Relations at Wesdome Gold Mines from 2014 – 2024. During her tenure, she created and impl ...
Lindsay (LNN) Earnings Top Estimates in Q3, Revenues Dip Y/Y
ZACKS· 2024-06-29 01:11
Lindsay Corporation (LNN) delivered adjusted earnings per share of $1.41 in third-quarter fiscal 2024 (ended on May 31, 2024), beating the Zacks Consensus Estimate of $1.25. The bottom line fell 8% year over year. Operational Update The Irrigation segment's revenues fell 19% year over year to around $115 million in the fiscal third quarter. North America irrigation revenues decreased 9% from the year-ago quarter to $68 million due to lower unit sales volumes and reduced sales of replacement parts. Including ...
Lindsay(LNN) - 2024 Q3 - Quarterly Report
2024-06-28 04:10
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-13419 Lindsay Corporation (Exact name of registrant as specified in its charter) Delaware 47-0554096 (State or other jurisdiction of (I.R.S. Employe ...
Lindsay(LNN) - 2024 Q3 - Earnings Call Transcript
2024-06-28 02:14
财务数据和关键指标变化 - 合并收入为1.392亿美元,同比下降15%,主要是灌溉业务收入下降抵消了基础设施业务收入增长 [14] - 净利润为2040万美元,每股收益1.85美元,同比增长22%,主要得益于利息收入增加、汇兑收益改善以及巴西获得4.8百万美元税收抵免 [15] 各条业务线数据和关键指标变化 灌溉业务 - 收入为1.148亿美元,同比下降19% [16] - 北美灌溉收入6820万美元,同比下降9%,主要是灌溉设备销量和备件销量下降,平均售价略有下降 [16] - 国际灌溉收入4660万美元,同比下降31%,主要是巴西和其他拉美市场收入下降,其他国际市场需求总体稳定 [17][18] - 灌溉业务营业利润1950万美元,同比下降36%,营业利润率17%,同比下降4.6个百分点,主要是收入下降导致固定成本无法完全摊销 [19] 基础设施业务 - 收入2440万美元,同比增长11%,主要是Road Zipper系统销售和租赁收入增加 [20][21] - 营业利润630万美元,同比增长76%,营业利润率25.8%,同比提高9.6个百分点,主要是收入增加和收入结构改善 [22] 各个市场数据和关键指标变化 - 北美灌溉市场需求疲软,主要受到中西部地区高降雨量和湿润田间条件的影响 [6] - 巴西灌溉市场需求下降,主要受到商品价格下跌和资金获取受限的影响 [7][18] - 中东和北非地区获得1亿美元以上的大型项目订单,是公司历史最大单一订单 [9] 公司战略和发展方向及行业竞争 - 公司将继续推进基础设施业务,特别是Road Zipper系统销售和租赁,预计将受益于美国基础设施投资法案带来的机遇 [10] - 公司不断提升FieldNET智能灌溉系统的功能,以满足客户需求,并与拜耳合作开发基于人工智能的农业数字工具 [11][12] - 公司计划投资5000万美元升级内布拉斯加州林赛工厂,提升运营效率 [13] - 公司将继续保持资本配置的灵活性,在内生和外延投资以及回馈股东之间保持平衡 [24] 管理层对经营环境和未来前景的评论 - 北美灌溉市场受到天气等因素影响,但公司在基础设施业务和国际灌溉项目方面表现良好 [5] - 巴西和其他南美农业市场灌溉渗透率较低,长期增长前景良好 [7][8] - 中东和北非地区的大型项目订单体现了公司在复杂项目执行方面的能力 [9] - 公司看好基础设施业务的中长期增长前景,但短期内运营效率提升可能会对利润率产生一定压力 [33][34] 其他重要信息 - 公司现金及可用信贷额度合计2.027亿美元,财务状况良好 [23] - 公司在本季度完成1790万美元的股票回购 [24] 问答环节重要的提问和回答 问题1 **Ryan Connors 提问** 询问灌溉业务收入下降的具体原因,是否主要来自销量下降还是价格下降 [27][28][29][30][31] **Brian Ketcham 回答** - 北美灌溉业务收入下降主要是销量下降,价格下降影响较小 - 巴西市场收入下降主要是销量下降,但也存在一定程度的价格竞争 [28][29][31] 问题2 **Jon Braatz 提问** 询问大型国际项目对公司利润率和税率的影响 [37][38][39][40][41][42][43] **Brian Ketcham 回答** - 大型项目一般会对利润率产生一定程度的摊薄,但公司国内外业务利润率差距正在缩小 - 土耳其免税区的项目有利于降低整体税率,但巴西等其他市场的高税率会抵消部分影响 [38][39] 问题3 **Blake Keating 提问** 询问天气灾害对公司业务的影响 [57][58][59] **Randy Wood 回答** - 天气灾害对公司业务影响程度取决于灾害的严重程度,本季度的影响相对有限 - 灾后客户和保险公司需要一定时间反应,所以部分需求被推迟到下一季度 [58][59]
Lindsay(LNN) - 2024 Q3 - Earnings Call Presentation
2024-06-28 02:12
3rd Quarter Fiscal 2024 Earnings Slide Deck Investors should understand that a number of factors could cause future economic and industry conditions and the Company's actual financial condition and results of operations to differ materially from management's beliefs expressed in the forward-looking statements contained in this presentation. These factors include those outlined in the "Risk Factors" section of the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commiss ...
Compared to Estimates, Lindsay (LNN) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-06-27 22:31
Lindsay (LNN) reported $139.2 million in revenue for the quarter ended May 2024, representing a year-overyear decline of 15.4%. EPS of $1.41 for the same period compares to $1.53 a year ago. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. View all Key Company Metrics for Lindsay here>>> While investors scrutinize revenue and earnings ...
Lindsay (LNN) Q3 Earnings Top Estimates
ZACKS· 2024-06-27 20:56
This quarterly report represents an earnings surprise of 12.80%. A quarter ago, it was expected that this irrigation equipment maker would post earnings of $1.52 per share when it actually produced earnings of $1.64, delivering a surprise of 7.89%. Lindsay, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $139.2 million for the quarter ended May 2024, missing the Zacks Consensus Estimate by 8.68%. This compares to year-ago revenues of $164.55 million. The company has to ...