Business Services Industry
Irrigation Equipment Sales Lift Omaha, Neb.-Based Firm.
Knight Ridder/Tribune Business News, March, 2003
By John Taylor, Omaha World-Herald, Neb. Knight Ridder/Tribune Business News
Mar. 28--Lindsay Manufacturing Co., given a boost by strong sales of its irrigation equipment, reported a 25.2 percent increase in second-quarter earnings on an 18.3 percent increase in revenue over year-earlier levels.
The Omaha-based company, with its main manufacturing facilities in Lindsay, Neb., said it had net income of nearly $5 million, or 42 cents a share, in the three months that ended Feb. 28.
That compared with net earnings of nearly $4 million, or 33 cents a share, for the same period last year. Revenue rose to $48.1 million.
Rick Parod, president and chief executive officer, said he expects the company to show revenue and earnings growth...
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