Lindsay Corp Q3 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Maybe starting on some of these barrier projects, I mean, you guys have been talking for the last couple of quarters about 2 going -- 2 of these projects going in the back half of the year and have been spot on with the guidance there. Maybe you can talk a little bit about what that pipeline REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 30, 2022 / 3:00PM, LNN.N - Q3 2022 Lindsay Corp Earnings Call looks like for '23 and '24 and confidence in conversion of those growth we should be expecting in that business, the impact of the infrastructure bill stimulus, just any kind of outlook you can give us on the project environment there.

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : I'm going to ask a question on inflation/potential deflation, just to see what kind of thoughts you can get on that or we can get from you on that. You've obviously had big revenue tailwinds over the last couple of years from inflation, which has been negative for margins but probably positive for earnings. We've seen hot-rolled coil prices in the U.S. come down quite a bit. The Fed is clearly focused on inflation. I'd just like to get any thoughts you have on the potential reversal here and how that could impact your business. If we saw steel prices revert back to where they were a few years ago, have you guys done the math to figure out, I guess, how much earnings you would lose from pricing going back to where it was? Do you think you could maintain some of that pricing? Just any thoughts you can give us as investors are clearly focused on what might happen here with the Fed continuing to turn policy?