Lindsay Corporation LNN delivered adjusted earnings per share of $1.13 in first-quarter fiscal 2022 (ended as of Nov 30, 2021), beating the Zacks Consensus Estimate of 79 cents. The bottom line increased 131% year over year on solid demand for irrigation equipment.Including one-time items, earnings per share were 72 cents in the quarter compared with the prior-year quarter’s 65 cents.Lindsay generated revenues of $166.2 million, up 53% from $108.5 million reported in the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $143 million.The company’s backlog as of Nov 30, 2021, was $154.8 million compared with $89.2 million witnessed as of Nov 30, 2020.Operational UpdateCost of operating revenues surged 67% year on year to $128.7 million. Gross profit was up 19% to $37.4 million from the year-earlier quarter’s levels. Gross margin came in at 22.5% compared with the year-ago quarter’s 28.9%.Operating expenses were $24 million during the fiscal first quarter, flat year over year. Adjusted operating income was $26 million, down from the prior-year quarter’s $7.5 million.Lindsay Corporation Price, Consensus and EPS Surprise Lindsay Corporation price-consensus-eps-surprise-chart | Lindsay Corporation Quote Segment ResultsThe Irrigation segment revenues increased 67% year over year to around $146 million in the fiscal first quarter. North America irrigation revenues surged 50% from the year-ago quarter’s levels to $79 million, primarily on increased irrigation equipment unit sales volume and higher average selling prices. International irrigation revenues soared 94% year over year to roughly $67 million on higher unit sales volumes, higher selling prices and favorable foreign currency translation. The segment’s operating income increased 62% year on year to $17.2 million as higher irrigation system unit volume mitigated the impact of higher raw material and other costs.The Infrastructure segment revenues declined 4% year over year to $20.2 million on lower Road Zipper System sales. The segment reported operating income of $2.8 million, down 35% year over year. This was primarily due to lower revenues and a less favorable margin mix of revenues compared with the prior-year quarter’s levels.Financial PositionLindsay had cash and cash equivalents of roughly $85 million at the end of the fiscal first quarter compared with $127 million in the prior-year quarter. The company’s long-term debt stood at around $115 million at the end of the fiscal first quarter, flat year over year.OutlookLindsay expects to continue to witness robust demand for irrigation equipment. In the infrastructure business, the company anticipates an increase in project activity in the second half of fiscal 2022. However, raw material cost inflation and supply chain challenges will continue in the near term, the company noted.Price PerformanceLindsay’s shares have declined 2.8% in the past year compared with the industry’s growth of 23.1%.Image Source: Zacks Investment ResearchZacks Rank & Stocks to ConsiderLindsay currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Industrial Products sector are Berry Global Group, Inc. BERY, ScanSource, Inc. SCSC and MSC Industrial Direct Co., Inc. MSM. While BERY flaunts a Zacks Rank #1 (Strong Buy), SCSC and MSM carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Berry Global Group has an estimated earnings growth rate of around 2.8% for fiscal 2022. In the past 60 days, the Zacks Consensus Estimate for fiscal 2022 earnings has been revised upward by 18%.In a year, the company’s shares have increased 30.5%. Berry Global Group has a trailing four-quarter earnings surprise of 16.5%, on average.ScanSource has an expected earnings growth rate of 18.9% for fiscal 2022. The Zacks Consensus Estimate for fiscal 2022 earnings has been revised upward by 0.9% in the past 60 days.ScanSource’s shares have rallied 31.4% in the past year. SCSC has a trailing four-quarter earnings surprise of 34.7%, on average.MSC Industrial has a projected earnings growth rate of 19.9% for fiscal 2022. The Zacks Consensus Estimate for fiscal 2022 earnings has been revised upward by 2.9% in the past 60 days.MSM’s shares have gained 5.5% in a year. MSC Industrial has a trailing four-quarter earnings surprise of 2.9%, on average. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. As one investor put it, “curing and preventing hundreds of diseases…what should that market be worth?” This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lindsay Corporation (LNN): Free Stock Analysis Report MSC Industrial Direct Company, Inc. (MSM): Free Stock Analysis Report ScanSource, Inc. (SCSC): Free Stock Analysis Report Berry Global Group, Inc. (BERY): Free Stock Analysis Report To read this article on Zacks.com click here.