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, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
