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.
In the Omaha, Neb., headquartered group’s 2019 fiscal year to the end of August, irrigation segment revenues were down 20% compared with the prior year at $351.5 million. When the impact of 2018 divestments are…
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Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.
