Overview

* Lindsay Q4 revenue misses analyst expectations, down 1% yr/yr

* International irrigation revenues up 23%, driven by South America and MENA region

* Infrastructure revenues down 16% due to lower Road Zipper System sales

Outlook

* Company expects North American irrigation demand to remain tempered due to commodity price pressure

* Lindsay anticipates stable growth in Road Zipper System leasing and road safety products

* Company sees continued growth in Brazil despite high interest rates and credit constraints

Result Drivers

* INTERNATIONAL IRRIGATION GROWTH - Strong growth in South America and MENA region boosts international irrigation revenues

* NORTH AMERICA IRRIGATION DECLINE - Lower storm damage replacement demand and soft market conditions impact North America irrigation revenues

* INFRASTRUCTURE REVENUE DECREASE - Infrastructure revenues down due to absence of prior year Road Zipper System project sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Miss $153.60 $156.91

Revenue mln mln (4

Analysts

)

Q4 EPS $0.99

Q4 Net $10.80

Income mln

Q4 $11.30

Operatin mln

g Income

Q4 7.40%

Operatin

g Margin

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)