Lindsay Corp Q4 2021 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 : This is Nathan. I'll start off with a question just on LIFO. I mean this is obviously caveated by assuming that raw materials stay where they are, which obviously won't happen. But is there an expectation for more LIFO charges in fiscal 2022? Do you expect some of that to come back as you bleed down inventory. So maybe does it a LIFO benefit in 2022? Just any way you can -- any guidance you can give us on that?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Do you think the whole thing would reverse? Or it's a partial return of the charge that you had in the fourth quarter?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Okay. I wanted to ask a couple of questions about Road Zipper and the infrastructure business in general. I think, Randy, in your comments, you stated that the funnel is about the same size, but things are moving more slowly through it due to COVID, and you didn't expect to see much exit that funnel until the second half of '22, which I assume means that we don't see revenue until 2023. Is that similar for the rest of the infrastructure business? Should we be expecting revenue in the overall infrastructure segment to be somewhere around flat plus price in 2022? Just any help you can give us with how to frame that.

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : So we should expect probably some growth in infrastructure this year primarily driven by the non-Road Zipper part of the business?