Lindsay falls to lowest in over 5 years after Q2 revenue miss

Irrigation and infrastructure company Lindsay Corp LNN.N shares dip 5.2% to $111.08; shares hit lowest since November 2020

The firm reported Q2 revenue of $157.70 mln, below consensus of $171.39 mln according to data compiled by LSEG

"U.S. market conditions continue to put pressure on commodity prices and constrain demand for irrigation equipment," says LNN President and CEO Randy Wood

Credit availability constraints, persistent high interest rates in Brazil led to lower orders, company says

Adds that infrastructure revenue fell as a large Road Zipper System project from the prior year did not repeat

Including session's moves, stock down 5.5% YTD