- Net earnings of $6.9M, or $0.62 per diluted share vs. $7.6M, or $0.62 per diluted share in the prior year.
- Total irrigation equipment revenues decreased 123% to $101.3M from $114.7M in the same quarter a year ago.
- Gross margin of 28.3% of sales, compared to 27.4% in the same quarter a year ago.
- Cash and cash equivalents of $129.3M; repurchased 136K shares for $9.2M.
- Backlog of unshipped orders at November 30, 2015 was $61.9M vs. $68.3M in the prior year.
- "While it appears we are at or near the bottom of the cycle, we expect the market environment will remain challenging at least through 2016," CEO Rick Parod said.
- FQ1 results
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Lindsay Corporation |