In its Q3 2023 earnings report released June 29, Lindsay Corp. reported $164.6 million in revenue, down 23% year-over-year. North American Irrigation revenue for the quarter was $75 million, down 22% year-over-year due to lower unit sales resulting “primarily from farmers delaying capital investment decisions.” This brought the percentage of Lindsay’s Q3 irrigation revenue coming from North America to 52.6%, the second-lowest percentage seen in the last 5 third-quarter filings, only above the 51% reported…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
