Lindsay Corp.: Water, Construction, and a Major Order in the Desert Sand

Lindsay Corp. (LNN) released a robust report for Q3 on July 2, despite current challenges in North America and Brazil. Revenue decreased by 5% compared to the previous year to $160.8 million, and EPS fell by 14% to $1.53, yet consensus estimates were exceeded in both cases. In response to the current cooling overall market demand, management reacted with cost discipline and a share buyback program, among other measures. Additionally, a major $80 million order won in December from the MENA region in the irrigation sector brings some optimism. Despite...