LNN Lindsay Corporation

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 07, 2025

 

 

Lindsay Corporation

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware			1-13419	47-0554096
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
18135 Burke Street Suite 100
Omaha, Nebraska				68022
(Address of Principal Executive Offices)				(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (402) 829-6800

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $1.00 par value		LNN		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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Item 2.02 Results of Operations and Financial Condition.

On January 7, 2025, Lindsay Corporation (the “Company”) issued a press release announcing the Company’s results of operations for its first quarter ended November 30, 2024. A copy of the press release is furnished herewith as Exhibit 99.1.

In addition, a copy of the slide presentation to be used during the Company’s fiscal 2025 first quarter investor conference call at 11:00 a.m. Eastern Time on January 7, 2025 is furnished herewith as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

99.1 Press Release, dated January 7, 2025, issued by the Company.

99.2 Slide Presentation for Fiscal 2025 First Quarter Investor Conference Call on January 7, 2025.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

In accordance with General Instruction B.2 of Form 8-K, the information contained in Item 2.02 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 relating to Item 2.02 and attached hereto, is being “furnished” and, as such, shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			LINDSAY CORPORATION
Date:	January 7, 2025	By:	/s/ Brian L. Ketcham
			Brian L. Ketcham, Senior Vice President and Chief Financial Officer

 

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	Exhibit 99.1                        18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836

 

 

 

Lindsay Corporation Reports Fiscal 2025 First Quarter Results

 

Growth in international irrigation projects support consolidated revenue expansion

 

OMAHA, Neb., January 7, 2025—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its first quarter of fiscal 2025 which ended on November 30, 2024.

 

Key Highlights:

 

“Our first quarter results demonstrate the resilience of our business, as we were able to deliver revenue growth and expansion to net earnings, despite the ongoing cyclical challenges of the mature irrigation markets. While agricultural market conditions in North America and Brazil remain challenged as lower commodity prices negatively impact grower profitability, our international irrigation business drove revenue growth in the segment, supported by additional volumes from our large project in the MENA region,” said Randy Wood, President and Chief Executive Officer. "Revenues in the quarter for our infrastructure business were slightly lower than the prior year due to the timing of projects, however our diligent focus on cost management and manufacturing efficiency helped expand margins and drive higher operating income."

 

Wood continued, "Subsequent to quarter end, we finalized a Road Zipper System™ contract valued at more than $20 million which we expect to fully deliver in our fiscal second quarter. In addition, I'm pleased to announce that we also closed our acquisition of a minority interest in Pessl Instruments GmbH, with an option to acquire the remainder of the company at a later date. This investment broadens and strengthens our partnership with Pessl, accelerating innovations in water management, increasing our global reach, and providing new solutions needed to conserve natural resources and expand our world's potential."

 

First Quarter Summary

 

Consolidated Financial Summary		First Quarter
(dollars in millions, except per share amounts)		FY2025		FY2024		$ Change		% Change
Total revenues		$166.3		$161.4		$4.9		3%
Operating income		$20.9		$21.1		($0.2)		(1%)
Operating margin		12.6%		13.1%
Net earnings		$17.2		$15.0		$2.1		14%
Diluted earnings per share		$1.57		$1.36		$0.21		15%

 

Revenues for the first quarter of fiscal 2025 were $166.3 million, an increase of $4.9 million, or 3 percent, compared to revenues of $161.4 million in the prior year. Revenue growth was driven by an increase in international irrigation revenues, which was partially offset by decreases in North America irrigation and infrastructure revenues compared to the prior year.

 

Operating income for the first quarter of fiscal 2025 was $20.9 million, a decrease of $0.2 million, or 1 percent, compared to operating income of $21.1 million in the prior year. Operating margin was 12.6 percent of sales, compared to operating margin of 13.1 percent of sales in the prior year first quarter. Lower operating income and operating margin in the irrigation segment was partially offset by improved operating income and operating margin in the infrastructure segment.

 

Net earnings for the first quarter of 2025 were $17.2 million, or $1.57 per diluted share, compared with net earnings of $15.0 million, or $1.36 per diluted share, in the prior year. The current year first quarter results benefited from an increase in other income and a lower effective income tax rate compared to the prior year.

 

 

 

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First Quarter Segment Results

 

Irrigation Segment		First Quarter
(dollars in millions)		FY2025		FY2024		$ Change		% Change
Revenues:
North America		$77.7		$89.4		($11.7)		(13%)
International		$69.4		$50.8		$18.6		37%
Total revenues		$147.1		$140.2		$6.9		5%
Operating income		$24.7		$25.3		($0.6)		(2%)
Operating margin		16.8%		18.1%

Irrigation segment revenues for the first quarter of fiscal 2025 were $147.1 million, an increase of $6.9 million, or 5 percent, compared to $140.2 million in the prior year. North America irrigation revenues of $77.7 million decreased $11.7 million, or 13 percent, compared to the prior year. The decrease in revenues resulted primarily from lower unit sales volume, as well as a less favorable mix of shorter machines and slightly lower average selling prices compared to the prior year. A projected reduction in net farm income for calendar 2024 has led to lower demand for irrigation equipment in the near term.

International irrigation revenues for the first quarter of fiscal 2025 of $69.4 million increased $18.6 million, or 37 percent, compared to the prior year. The increase resulted primarily from revenues related to the large project in the MENA region, along with higher sales in Europe and certain regions of Latin America compared to the prior year. This increase was partially offset by lower sales in Brazil. Revenues in the current year quarter were also impacted by the unfavorable effects of foreign currency translation of approximately $2.1 million compared to the prior year.

Irrigation segment operating income for the first quarter of fiscal 2025 was $24.7 million, a decrease of $0.6 million, or 2 percent, compared to the prior year. Operating margin was 16.8 percent of sales, compared to 18.1 percent of sales in the prior year. The decrease in operating income and operating margin resulted primarily from a higher proportion of international project revenues compared to the prior year, which were dilutive to overall margin.

 

Infrastructure Segment		First Quarter
(dollars in millions)		FY2025		FY2024		$ Change		% Change
Total revenues		$19.2		$21.2		($2.0)		(9%)
Operating income		$4.1		$3.6		$0.5		14%
Operating margin		21.5%		17.1%

 

Infrastructure segment revenues for the first quarter of fiscal 2025 were $19.2 million, a decrease of $2.0 million, or 9 percent, compared to $21.2 million in the prior year. The decrease resulted primarily from a difference in the timing of Road Zipper System lease revenues and lower sales of road safety products compared to the prior year.

 

Infrastructure segment operating income for the first quarter of fiscal 2025 was $4.1 million, an increase of $0.5 million, or 14 percent, compared to the prior year. Operating margin was 21.5 percent of sales, compared to 17.1 percent of sales in the prior year first quarter. Increased operating income and operating margin resulted primarily from improved manufacturing efficiency and lower operating expenses compared to the prior year.

 

The backlog of unfulfilled orders at November 30, 2024 was $168.2 million compared with $86.8 million at November 30, 2023. Included in these backlogs are amounts of $17.4 million and $2.8 million, respectively, for orders that are not expected to be fulfilled within the subsequent 12 months. The backlog in both segments was higher compared to the prior year, with the increase in irrigation backlog resulting primarily from the addition of the large project in the MENA region.

 

Outlook

 

Mr. Wood concluded, “We expect softer market conditions in the North America and Brazil irrigation markets to continue in the near term, although there are indications we are nearing the trough of the cycle with some stabilization and improvement in commodity prices. In addition, new state-level financing programs recently announced in Brazil should provide additional clarity and support for investments in irrigation. We expect continued growth in developing international markets, highlighted by project activity in the MENA region."

 

“We expect to see growth in our infrastructure business in fiscal 2025 supported by the large Road Zipper System project we secured shortly after the end of our first quarter. The impact of additional U.S. federal infrastructure funding has been tempered by construction cost inflation, however it remains supportive of growth in Road Zipper System leasing and sales of road safety products.”

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First Quarter Conference Call

 

Lindsay’s fiscal 2025 first quarter investor conference call is scheduled for 11:00 a.m. Eastern Time today. Interested investors may participate in the call by dialing (833) 535-2202 in the U.S., or (412) 902-6745 internationally, and requesting the Lindsay Corporation call. Additionally, the conference call will be simulcast live on the internet and can be accessed via the investor relations section of the Company's website, www.lindsay.com. Replays of the conference call will remain on our website through the next quarterly earnings release. The Company will have a slide presentation available to augment management's formal presentation, which will also be accessible via the Company's website.

 

About the Company

 

Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world’s rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic™ center pivot and lateral move agricultural irrigation systems, FieldNET™ and FieldWise™ remote irrigation management technology, FieldNET Advisor™ irrigation scheduling technology, and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels, through the Barrier Systems™, Road Zipper™ and Snoline™ brands. For more information about Lindsay Corporation, visit www.lindsay.com.

Concerning Forward-looking Statements

This release contains forward-looking statements that are subject to risks and uncertainties, and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission. Forward-looking statements include information concerning possible or assumed future results of operations and planned financing of the Company and those statements preceded by, followed by or including the words “anticipate,” “estimate,” “believe,” “intend,” "expect," "outlook," "could," "may," "should," “will,” or similar expressions. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update any forward-looking information contained in this press release.

 

For further information, contact:

LINDSAY CORPORATION:		Alpha IR:
Alicia Pfeifer		Joe Caminiti or Stephen Poe
Vice President, Investor Relations & Treasury		312-445-2870
402-933-6429		LNN@alpha-ir.com
Alicia.Pfeifer@lindsay.com

 

 

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LINDSAY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
		Three months ended
(in thousands, except per share amounts)			November 30, 2024					November 30, 2023
Operating revenues		$		166,281			$		161,358
Cost of operating revenues				116,315					111,453
Gross profit				49,966					49,905
Operating expenses:
Selling expense				10,211					9,817
General and administrative expense				15,008					14,662
Engineering and research expense				3,864					4,352
Total operating expenses				29,083					28,831
Operating income				20,883					21,074
Other income (expense):
Interest expense				(752	)				(877	)
Interest income				1,245					1,068
Other income (expense), net				658					(270	)
Total other income (expense)				1,151					(79	)
Earnings before income taxes				22,034					20,995
Income tax expense				4,870					5,976
Net earnings		$		17,164			$		15,019
Earnings per share:
Basic		$		1.58			$		1.36
Diluted		$		1.57			$		1.36
Shares used in computing earnings per share:
Basic				10,853					11,017
Diluted				10,903					11,059
Cash dividends declared per share		$		0.36			$		0.35

 

 

 

 

 

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LINDSAY CORPORATION AND SUBSIDIARIES
SUMMARY OPERATING RESULTS
(Unaudited)
		Three months ended
(in thousands)			November 30, 2024					November 30, 2023
Operating revenues:
Irrigation:
North America		$		77,669			$		89,377
International				69,418					50,791
Irrigation segment				147,087					140,168
Infrastructure segment				19,194					21,190
Total operating revenues		$		166,281			$		161,358
Operating income:
Irrigation segment		$		24,736			$		25,307
Infrastructure segment				4,124					3,619
Corporate				(7,977	)				(7,852	)
Total operating income		$		20,883			$		21,074

The Company manages its business activities in two reportable segments as follows:

Irrigation – This reporting segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, remote irrigation management and scheduling technology, irrigation consulting and design and industrial IoT solutions.

Infrastructure – This reporting segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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LINDSAY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in thousands)		November 30, 2024			November 30, 2023			August 31, 2024
ASSETS
Current assets:
Cash and cash equivalents		$	194,066		$	159,381		$	190,879
Marketable securities			—			16,278			—
Receivables, net			120,875			143,049			116,601
Inventories, net			158,255			164,144			154,453
Other current assets			28,948			18,450			31,279
Total current assets			502,144			501,302			493,212
Property, plant, and equipment, net			117,982			103,818			112,815
Intangibles, net			24,591			27,005			25,366
Goodwill			83,941			84,029			84,194
Operating lease right-of-use assets			15,009			17,544			15,693
Deferred income tax assets			12,375			12,712			14,431
Other noncurrent assets			14,959			17,508			14,521
Total assets		$	771,001		$	763,918		$	760,232
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	53,185		$	52,242		$	37,417
Current portion of long-term debt			229			227			228
Other current liabilities			76,435			89,502			88,171
Total current liabilities			129,849			141,971			125,816
Pension benefits liabilities			4,101			4,308			4,167
Long-term debt			114,948			115,120			114,994
Operating lease liabilities			14,824			17,746			15,541
Deferred income tax liabilities			646			695			678
Other noncurrent liabilities			18,174			17,218			18,143
Total liabilities			282,542			297,058			279,339
Shareholders' equity:
Preferred stock			—			—			—
Common stock			19,145			19,115			19,124
Capital in excess of stated value			104,995			98,628			104,369
Retained earnings			700,345			647,455			687,093
Less treasury stock - at cost			(299,703)			(277,238)			(299,692)
Accumulated other comprehensive loss, net			(36,323)			(21,100)			(30,001)
Total shareholders' equity			488,459			466,860			480,893
Total liabilities and shareholders' equity		$	771,001		$	763,918		$	760,232

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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LINDSAY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
	Three months ended
(in thousands)		November 30, 2024					November 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$		17,164			$		15,019
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization			5,412					5,307
Provision for uncollectible accounts receivable			62					71
Deferred income taxes			1,589					(1,666	)
Share-based compensation expense			1,977					1,603
Unrealized foreign currency transaction (gain) loss			(511	)				79
Other, net			(217	)				73
Changes in assets and liabilities:
Receivables			(6,442	)				1,689
Inventories			(5,968	)				(7,970	)
Other current assets			1,251					2,762
Accounts payable			16,656					7,087
Other current liabilities			(9,978	)				(4,263	)
Other noncurrent assets and liabilities			608					2,081
Net cash provided by operating activities			21,603					21,872
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment			(9,142	)				(6,941	)
Purchases of marketable securities			—					(12,992	)
Proceeds from maturities of marketable securities			—					2,325
Proceeds from settlement of net investment hedge			835					—
Payments for settlement of net investment hedge			(98	)				—
Other investing activities, net			(401	)				(593	)
Net cash used in investing activities			(8,806	)				(18,201	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid			(3,912	)				(3,861	)
Common stock withheld for payroll tax obligations			(1,450	)				(1,575	)
Other financing activities, net			52					56
Net cash used in financing activities			(5,310	)				(5,380	)
Effect of exchange rate changes on cash and cash equivalents			(4,300	)				335
Net change in cash and cash equivalents			3,187					(1,374	)
Cash and cash equivalents, beginning of period			190,879					160,755
Cash and cash equivalents, end of period	$		194,066			$		159,381

 

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1st Quarter Fiscal 2025 Earnings Slide Deck Exhibit 99.2

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Safe-Harbor Statement © 2024 Lindsay Corporation This presentation contains forward-looking statements that are subject to risks and uncertainties, and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance, financial results and planned financing. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission. Investors should understand that a number of factors could cause future economic and industry conditions and the Company’s actual financial condition and results of operations to differ materially from management’s beliefs expressed in the forward-looking statements contained in this presentation. These factors include those outlined in the “Risk Factors” section of the Company’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission, and investors are urged to review these factors when considering the forward-looking statements contained in this presentation. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. For additional financial statement information, please see the Company’s earnings release dated January 7, 2025.

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© 2024 Lindsay Corporation Key Messages Irrigation revenue growth driven by international project volume in the Middle East and North Africa (MENA) region Infrastructure operating margin expansion leads to improved operating income on lower revenues Net earnings and diluted earnings per share (EPS) increase by 14 percent and 15 percent, respectively, versus prior year quarter Large Road Zipper System™ contract expected to be delivered in second quarter Acquisition of a minority interest in Pessl Instruments GmbH finalized

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First Quarter Summary © 2024 Lindsay Corporation Revenues increased $4.9 million compared to the prior year Irrigation increased $6.9 million Infrastructure decreased $2.0 million Operating income decreased $0.2 million compared to the prior year Irrigation decreased $0.6 million Infrastructure increased $0.5 million Corporate expense increased $0.1 million Diluted EPS benefited from an increase in other income and a lower effective tax rate compared to the prior year +3% -1% +15% Revenue Operating Income (with operating margin) Diluted EPS

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Irrigation – Current Market Factors As of November 2024, U.S. corn and soybean prices were approximately 8 percent and 27 percent lower, respectively, compared to November 2023 In December 2024, the USDA estimated 2024 U.S. net farm income to be $140.7 billion, a decrease of 4 percent from 2023 U.S. net farm income of $146.7 billion Decrease in government support payments of 14 percent Decrease in cash receipts for crops of 9 percent U.S. farm balance sheets remain solid following three years of profitability In Brazil, the market continues to be tempered by lower commodity prices and credit availability Project opportunities in developing international markets continue to be active, driven by food security and water scarcity concerns

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Irrigation Segment – First Quarter Summary © 2024 Lindsay Corporation North America revenue of $77.7 million decreased 13 percent Lower unit sales volume due to challenging market conditions Less favorable mix of shorter machines Lower average selling prices Unit sales volume breakdown by category: Replacement 51%, Conversion 33%, Dryland 16% International revenue of $69.4 million increased 37 percent Higher sales to developing markets from the MENA region project Lower sales in Brazil Higher sales in Europe and certain regions of Latin America Unfavorable effects of foreign currency translation of $2.1 million Operating income of $24.7 million decreased 2 percent Lower operating income and margin resulted primarily from a higher proportion of international project revenues, which were dilutive to overall margin Revenue -2% +5% Operating Income (with operating margin) 6 $ in millions

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Infrastructure – Current Market Factors Infrastructure Investment and Jobs Act (IIJA) funding includes $110 billion in incremental federal funding for roads, bridges, and other transportation projects Higher inflation on material prices and labor costs has offset some of the impact of the incremental funding Through August 2024, approximately 27 percent of the IIJA funds have been reimbursed to the states The value of U.S. highway & bridge construction activity increased 10 percent in 2023 and 5 percent through November 2024 over the same prior year periods Active management of opportunities in Road Zipper System project sales funnel continue to show progress

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Infrastructure Segment – First Quarter Summary © 2024 Lindsay Corporation Revenue of $21.2 million decreased 9 percent Timing of Road Zipper System™ lease revenue Lower sales of road safety products Operating income of $4.1 million increased 14 percent Improved manufacturing efficiency and lower operating expenses Finalized a large Road Zipper System project Project is valued at over $20 million Expect to deliver in the second quarter Revenue +14% Operating Income (with operating margin) -9% $ in millions

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© 2024 Lindsay Corporation Ample Liquidity to Execute Capital Allocation Priorities $244M Available liquidity CurrentLiquidity 1.0x Gross Debt to EBITDA leverage Substantial Room to add Leverage No Near-TermDebt Maturities $115M Total Debt Long-term debt matures in 2030

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Capital Allocation Priorities © 2024 Lindsay Corporation Working capital to support sales growth New product development Capacity and productivity investments Align with strategic growth priorities Leverage or add to existing capabilities Deliver return on invested capital Increase annual dividends Opportunistic share repurchase Support Growthand Profitability of Current Businesses Acquisitions Return Capitalto Shareholders

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Innovation Leadership: Addressing Global Megatrends © 2024 Lindsay Corporation Capitalizingon globalmegatrends Megatrends Innovation Leadership Innovative sustainable solutions for growers across the globe Mobilizing global populations safelyand sustainably Food Security Water Scarcity Land Availability Aging Infrastructure Mobility Safety Increased Safety Standards

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Strong Commitment to Sustainable Practices © 2024 Lindsay Corporation Our mission is to conserve natural resources, expand our world’s potential, and enhance the quality of life for people. Investing in sustainable technologies Improving our operational footprint Empowering and protecting our people Engaging inour local communities Operatingwithintegrity

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Appendix

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U.S. Net Farm Income and Net Cash Farm IncomeInflation adjusted, 2004-2024F 2004-23 average NCFI Note: F = forecast. Values are adjusted for inflation using the U.S. Bureau of Economic Analysis Gross Domestic Product Price Index (BEA API series code: A191RG) rebased to 2024 by USDA, Economic Research Service. Source: USDA, Economic Research Service, Farm Income and Wealth Statistics. Data as of December 3, 2024 $ billion 2004-23 average NFI

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U.S. Corn Prices Source: Trading Economics

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U.S. Soybean Prices Source: Trading Economics

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Soybean Cash Price Index – Brazil Source:Cepea

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Brazil Central Bank Interest Rate Source: Trading Economics| Banco Central do Brasil

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United States Drought Condition Source: US Drought Monitor, December 2024 2023 2024

v3.24.4

Document And Entity Information	Jan. 07, 2025
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 07, 2025
Entity Registrant Name	Lindsay Corporation
Entity Central Index Key	0000836157
Entity Emerging Growth Company	false
Entity File Number	1-13419
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-0554096
Entity Address, Address Line One	18135 Burke Street
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Omaha
Entity Address, State or Province	NE
Entity Address, Postal Zip Code	68022
City Area Code	(402)
Local Phone Number	829-6800
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $1.00 par value
Trading Symbol	LNN
Security Exchange Name	NYSE

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