- Lindsay press release ( NYSE: LNN ): Q1 GAAP EPS of $1.65 beats by $0.47 .
- Revenue of $176.16M (+6.0% Y/Y) misses by $1.94M .
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Outlook: “Current commodity price levels and net farm income projections support a positive outlook for North America irrigation equipment demand in the near term. We expect demand in international markets to be supported by expanded production driven by positive agricultural market fundamentals and continuing concerns over food security and global grain supplies,” said Randy Wood, President and Chief Executive Officer. “In the infrastructure business, we expect growth to be supported by an anticipated increase in U.S. infrastructure spending and by the ongoing management of our project sales funnel.”
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Lindsay GAAP EPS of $1.65 beats by $0.47, revenue of $176.16M misses by $1.94M