The company reported net sales of $674.2 million, a decline of 2.6%. Operating income grew 22.5% to $66.9 million, or 9.9% of sales compared to $54.6 million or 7.9% of sales.
Following a 2018 reversal in declining revenues from sales of irrigation equipment, managers at Lindsay Corp. (NYSE: LNN) had to report a 2019 return to the downward trend that has seen revenues fall $100 million over the past 5 years.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.