GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Lindsay Corp. Reports Operating Results (10-Q)

July 03, 2012 | About:
10qk

10qk

18 followers
Lindsay Corp. (LNN) filed Quarterly Report for the period ended 2012-05-31.

Lindsay Corporation has a market cap of $824.9 million; its shares were traded at around $68 with a P/E ratio of 18.4 and P/S ratio of 1.7. The dividend yield of Lindsay Corporation stocks is 0.6%. Lindsay Corporation had an annual average earning growth of 17% over the past 10 years.

Highlight of Business Operations:

Operating revenues for the three months ended May 31, 2012 increased by $18.7 million or 12.2 percent to $172.1 million compared with $153.4 million for the three months ended May 31, 2011. The increase is attributable to a $22.7 million increase in irrigation revenues offset in part by a $4.1 million decrease in infrastructure revenues. Net earnings were $18.8 million or $1.47 per diluted share for the three months ended May 31, 2012 compared with $15.3 million or $1.20 per diluted share for the same prior year period.

Operating revenues for the nine months ended May 31, 2012 increased by $60.6 million or 16.7 percent to $423.4 million compared with $362.8 million for the nine months ended May 31, 2011. The increase is attributable to an $88.8 million increase in irrigation revenues offset in part by a $28.2 million decrease in infrastructure revenues. Net earnings were $34.5 million or $2.70 per diluted share for the nine months ended May 31, 2012 compared with $30.9 million or $2.44 per diluted share for the same prior year period.

Operating revenues for the three months ended May 31, 2012 increased by $18.7 million or 12.2 percent to $172.1 million compared with $153.4 million for the three months ended May 31, 2011. The increase is attributable to a $22.7 million increase in irrigation revenues offset in part by a $4.1 million decrease in infrastructure revenues.

Operating revenues for the nine months ended May 31, 2012 increased by $60.6 million or 16.7 percent to $423.4 million compared with $362.8 million for the nine months ended May 31, 2011. The increase is attributable to an $88.8 million increase in irrigation revenues offset in part by a $28.2 million decrease in infrastructure revenues.

Net earnings were $34.5 million or $2.70 per diluted share for the nine months ended May 31, 2012 compared with $30.9 million or $2.44 per diluted share for the same prior year period. First quarter fiscal 2012 results included $7.2 million of accrued expense, or $0.37 per diluted share on an after tax basis, related to an increase in the Companys environmental remediation accrual at its Lindsay, Nebraska facility. Comparatively, fiscal 2011 included environmental remediation expense of $1.2 million, or $0.06 per diluted share on an after tax basis.

Read the The complete Report

About the author:

10qk
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 5.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide