Lindsay 10-Q: Revenue $157.7M, EPS $1.15 — Q2 Results
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Lindsay reported Q2 operating revenues of $157.7 million, down 16% year-over-year, with diluted EPS at $1.15, a decline from $2.44 in the prior year. Gross profit fell 32% to $42.3 million, and operating income dropped 59% to $13.0 million. The decrease is attributed to lower demand in irrigation and infrastructure, along with a higher proportion of international projects affecting margins. Backlog increased to $151.8 million, supported by large irrigation projects and international expansion.
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