Lindsay To Invest Over $50 Mln In Next Two Years In Manufacturing Facility In Lindsay
(RTTNews) - Lindsay Corp. (LNN) announced Wednesday plans to invest more than $50 million over the next two years in its largest global manufacturing facility located in Lindsay, Nebraska.
The investment for modernization of the facility include implementing Industry 4.0 technologies, including data connectivity, analytics, artificial intelligence and the additions of automation and robotics.
Lindsay will also expand the facility footprint by 40,000 square feet to allow for increased capacity and capabilities in metal forming.
This investment is the largest in Lindsay's history. The company expects to begin capital spending in the second quarter of fiscal 2024 and complete the facility modernization by the end of 2025.
read more
Lindsay Q2 EPS Tops Estimates, But Revenues Miss
Lindsay Corp. (LNN) reported on Tuesday that net earnings for the second quarter increased to $18.05 million or $1.63 per share from $14.57 million or $1.32 per share in the prior-year quarter.
RTTNews
|
1260 days ago
European Shares Set For Firm Open Ahead Of Fed Verdict
European stocks are seen opening a tad higher on Wednesday ahead of the U.S. Federal Reserve's interest-rate decision later in the day, with markets pricing in a 92.4 percent chance of a 25-bps rate hike in response to a recent hot inflation report.
RTTNews
|
34 minutes ago
Indian Shares Modestly Higher In Cautious Trade
Indian shares were modestly higher on Wednesday after falling sharply in the previous session on concerns over rising oil and U.S. bond yields amid escalating Middle East tensions.
RTTNews
|
1h 29min ago
Australian Market Slightly Trims Early Gains In Mid-market
The Australian stock market is slightly trimming its early gains in mid-market moves on Wednesday, reversing some of the losses in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,650 level, despite the broadly negative cues from Wall Street overnight, with gains in energy and financial stocks partially offset by weakness in technology stocks.
RTTNews
|
2h 44min ago
Asian Markets Trade Mostly Higher
Asian stock markets are mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as traders are cautious and seemed reluctant to make more significant moves ahead of the US Fed's monetary policy decision later in the day. Some traders are looking to pick stocks at a bargain following the recent slump in the markets. Asian markets closed mostly lower on Tuesday.
RTTNews
|
3h 0min ago
Indian Shares Seen Flat To Higher At Open
Indian shares may see a fragile, tentative recovery at the open on Wednesday following the previous session's sell-off.
RTTNews
|
3h 30min ago
Continued Consolidation Called For Thai Stock Market
The Thai stock market has moved lower in five straight sessions, retreating more than 40 points or 2.7 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,580-point plateau and it's expected to spin its wheels again on Wednesday.
RTTNews
|
4h 8min ago
Lower Open Expected For Indonesia Bourse
The Indonesia stock market has finished lower in five straight sessions, sinking more than 225 points or 3.4 percent along the way. The Jakarta Composite Index now sits just above the 6,460-point plateau and it's looking at another soft start again on Wednesday.
RTTNews
|
4h 38min ago
