Lindsay Expects Market Environment To Remain Challenging Through 2016

(RTTNews) - While reporting its financial results for the first quarter today, irrigation systems and infrastructure products provider Lindsay Corp. (LNN) said it expects the market environment will remain challenging at least through 2016.

Lindsay noted that the irrigation markets continue to be constrained by lower commodity prices, while foreign exchange rates continue to negatively affect international sales.

Rick Parod, president and chief executive officer said, "We do not expect to have visibility into the primary selling season until February or March. Longer term, drivers for the Company's markets of population growth, expanded food production, efficient water use, and infrastructure upgrades and expansion, support our expectation for growth."