Form 8-K - Current report

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): April 03, 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:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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. ☐

Item 2.02 Results of Operations and Financial Condition.

On April 3, 2025, Lindsay Corporation (the “Company”) issued a press release announcing the Company’s results of operations for its second quarter ended February 28, 2025. 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 second quarter investor conference call at 11:00 a.m. Eastern Time on April 3, 2025 is furnished herewith as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

99.1 Press Release, dated April 3, 2025, issued by the Company.

99.2 Slide Presentation for Fiscal 2025 Second Quarter Investor Conference Call on April 3, 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.

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:	April 3, 2025	By:	/s/ Brian L. Ketcham
			Brian L. Ketcham, Senior Vice President and Chief Financial Officer

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

Lindsay Corporation Reports Second Quarter Fiscal 2025 Results

Record quarterly net earnings supported by 23 percent revenue growth

OMAHA, Neb., April 3, 2025—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its second quarter ended February 28, 2025.

Key Highlights

•

Quarterly net earnings increase 47 percent and diluted EPS increase 49 percent

•

International project volume in the Middle East and North Africa (MENA) region contributes to 11 percent revenue growth in irrigation

•

Infrastructure revenues more than double on the completion of a large Road Zipper System™ project

•

Plans are in place to mitigate the potential impact of tariffs and retaliatory actions

“Strength in international irrigation more than offset expected softness in the North America irrigation market, driving overall irrigation revenue growth in our fiscal second quarter," said Randy Wood, President and Chief Executive Officer. "During the quarter, we continued delivery of our large irrigation project in the MENA region in addition to realizing increased sales in other parts of this developing region. In Brazil, our unit sales volume was comparable to the prior year as market conditions improved during the quarter. Our infrastructure business delivered outstanding results in the quarter, evidenced by strong revenue growth and significant margin expansion, which was driven by the execution of a large Road Zipper System project that we delivered in the period."

Wood continued, "I am pleased with the resiliency and performance of our teams around the world, as we demonstrate our ability to capture and deliver on project opportunities in both of our businesses. Our strong execution on these projects allowed us to deliver margin expansion and net earnings growth despite a tempered demand environment in core irrigation markets."

Second Quarter Summary


Consolidated Financial Summary	Second Quarter
(dollars in millions, except per share amounts)	FY2025	FY2024	$ Change	% Change

Total revenues	$187.1	$151.5	$35.5	23%
Operating income	$32.1	$22.1	$10.0	45%
Operating margin	17.2%	14.6%
Net earnings	$26.6	$18.1	$8.5	47%
Diluted earnings per share	$2.44	$1.64	$0.80	49%

Revenues for the second quarter of fiscal 2025 were $187.1 million, an increase of $35.5 million, or 23 percent, compared to revenues of $151.5 million in the prior year. Revenue growth in international irrigation and infrastructure was partially offset by lower revenue in North America irrigation.

Operating income for the second quarter of fiscal 2025 was $32.1 million, an increase of $10.0 million, or 45 percent, compared to operating income of $22.1 million in the prior year. Operating margin was 17.2 percent of sales, compared to 14.6 percent of sales in the prior year. The increase in operating income and margin resulted from higher revenues, a more favorable margin mix of revenues, and positive leverage of fixed operating expenses.

Net earnings for the second quarter of fiscal 2025 were $26.6 million, an increase of $8.5 million, or 47 percent, compared with net earnings of $18.1 million in the prior year. Diluted earnings per share for the quarter of $2.44 reflected an increase of 49 percent compared with $1.64 for the prior year.

Second Quarter Segment Results


Irrigation Segment	Second Quarter
(dollars in millions)	FY2025	FY2024	$ Change	% Change
Revenues:
North America	$77.1	$82.8	($5.7)	(7%)
International	$71.0	$50.2	$20.8	42%
Total revenues	$148.1	$133.0	$15.1	11%
Operating income	$27.4	$25.6	$1.7	7%
Operating margin	18.5%	19.3%

Irrigation segment revenues for the second quarter of fiscal 2025 were $148.1 million, an increase of $15.1 million, or 11 percent, compared to $133.0 million in the prior year. North America irrigation revenues of $77.1 million decreased $5.7 million, or 7 percent, compared to the prior year. The decrease resulted primarily from lower unit sales volume of irrigation equipment, along with slightly lower average selling prices and lower sales of replacement parts.

International irrigation revenues for the second quarter of fiscal 2025 of $71.0 million increased $20.8 million, or 42 percent, compared to the prior year. The increase resulted from revenues related to the large project in the MENA region and higher sales in other parts of the region. This increase was partially offset by lower sales in other international markets and the unfavorable effects of foreign currency translation of approximately $4.7 million compared to the prior year. Unit sales volume in Brazil for the quarter was comparable to the prior year.

Irrigation segment operating income for the second quarter of fiscal 2025 was $27.4 million, an increase of $1.7 million, or 7 percent, compared to the prior year. Operating margin was 18.5 percent of sales, compared to 19.3 percent of sales in the prior year. Increased revenues led to higher operating income while a larger percentage of project revenues resulted in some dilution to operating margin compared to the prior year.


Infrastructure Segment	Second Quarter
(dollars in millions)	FY2025	FY2024	$ Change	% Change

Total revenues	$38.9	$18.5	$20.4	110%
Operating income	$13.3	$3.5	$9.8	278%
Operating margin	34.1%	19.0%

Infrastructure segment revenues for the second quarter of fiscal 2025 were $38.9 million, an increase of $20.4 million, or 110 percent, compared to $18.5 million in the prior year. The increase was primarily driven by a large Road Zipper System project, valued at over $20 million, that was delivered during the quarter while leasing revenues and sales of road safety products were slightly lower compared to the prior year.

Infrastructure segment operating income for the second quarter of fiscal 2025 was $13.3 million, an increase of $9.8 million, or 278 percent, compared to $3.5 million in the prior year. Operating margin was 34.1 percent of sales, compared to 19.0 percent of sales in the prior year. Increased operating income and operating margin resulted primarily from higher revenues and a more favorable margin mix of revenues, as Road Zipper System sales represented a higher percentage of revenues compared to the prior year.

The backlog of unfilled orders as of February 28, 2025, was $127.0 million compared with $94.2 million as of February 29, 2024. Included in these backlogs are amounts of $11.9 million and $20.3 million, respectively, for orders that are not expected to be fulfilled within the subsequent 12 months. The increase in backlog is primarily attributed to the large irrigation project in the MENA region.

Outlook

Mr. Wood concluded, “In February, the USDA released its initial forecast for 2025 U.S. net farm income, which estimated a 29 percent increase compared to 2024. The forecast anticipates higher government support payments while crop receipts are forecasted to be slightly lower than the prior year. Accordingly, we don't expect this forecast of 2025 U.S. net farm income to result in a meaningful improvement in demand for irrigation equipment in North America in the near term. In Brazil, commodity prices are improving, however the rising interest rate environment continues to be a headwind to investment. Elsewhere in international irrigation we remain encouraged by the growth in developing markets, highlighted by project activity in the MENA region."

“Second quarter performance in our infrastructure business supports full year growth for fiscal 2025. Anticipated increased U.S. infrastructure funding, although partially offset by the impact of inflation on construction costs, remains

supportive of opportunities for Road Zipper System lease revenues and sales of road safety products. We also remain optimistic regarding our Road Zipper System project sales pipeline; however the timing of individual projects remains challenging to predict.”

"In regard to the U.S.'s recently announced tariffs on imports from Canada, Mexico, China and other countries, we have implemented a comprehensive action plan that includes supplier negotiation, strategic inventory placement, and other supply chain initiatives to manage potential cost impacts to our business. We anticipate the impact of the proposed tariffs to result in a marginal increase to our cost of goods, which we would expect to pass through to the market through increased pricing of our products. We are also evaluating the potential impact of additional tariffs or retaliatory actions. While the situation remains fluid, we plan to utilize our global footprint and supply chain to minimize the potential impact of these actions on our business and our customers."

Second Quarter Conference Call

Lindsay’s fiscal 2025 second 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


LINDSAY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)

	Three months ended								Six months ended
(in thousands, except per share amounts)		February 28, 2025				February 29, 2024				February 28, 2025				February 29, 2024

Operating revenues	$		187,064		$		151,519		$		353,345		$		312,877
Cost of operating revenues			124,576				102,565				240,891				214,018
Gross profit			62,488				48,954				112,454				98,859

Operating expenses:
Selling expense			10,850				9,498				21,062				19,315
General and administrative expense			15,352				13,466				30,360				28,128
Engineering and research expense			4,162				3,892				8,026				8,244
Total operating expenses			30,364				26,856				59,448				55,687

Operating income			32,124				22,098				53,006				43,172

Other income (expense):
Interest expense			(402	)			(830	)			(1,154	)			(1,707	)
Interest income			1,843				1,295				3,088				2,363
Other income (expense), net			(351	)			134				307				(136	)
Total other income (expense)			1,090				599				2,241				520

Earnings before income taxes			33,214				22,697				55,247				43,692

Income tax expense			6,638				4,574				11,508				10,550

Net earnings	$		26,576		$		18,123		$		43,739		$		33,142

Earnings per share:
Basic	$		2.45		$		1.64		$		4.03		$		3.01
Diluted	$		2.44		$		1.64		$		4.01		$		2.99

Shares used in computing earnings per share:
Basic			10,863				11,033				10,858				11,025
Diluted			10,909				11,074				10,906				11,067

Cash dividends declared per share	$		0.36		$		0.35		$		0.72		$		0.70


LINDSAY CORPORATION AND SUBSIDIARIES
SUMMARY OPERATING RESULTS
(Unaudited)

	Three months ended									Six months ended
(in thousands)		February 28, 2025				February 29, 2024				February 28, 2025				February 29, 2024
Operating revenues:
Irrigation:
North America	$		77,145		$		82,845		$		154,884		$		172,222
International			70,994				50,173				140,342				100,964
Irrigation segment			148,139				133,018				295,226				273,186
Infrastructure segment			38,925				18,501				58,119				39,691
Total operating revenues	$		187,064		$		151,519		$		353,345		$		312,877

Operating income:
Irrigation segment	$		27,377		$		25,649		$		52,111		$		50,956
Infrastructure segment			13,257				3,506				17,381				7,125
Corporate			(8,510	)			(7,057	)			(16,486	)			(14,909	)
Total operating income	$		32,124		$		22,098		$		53,006		$		43,172

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 and large diameter steel tubing, 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 movable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment.


LINDSAY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)


(in thousands)	February 28, 2025			February 29, 2024			August 31, 2024

ASSETS
Current assets:
Cash and cash equivalents	$	172,044		$	133,415		$	190,879
Marketable securities		14,676			17,219			—
Receivables, net		155,440			153,624			116,601
Inventories, net		154,605			167,334			154,453
Other current assets		29,919			29,121			31,279
Total current assets		526,684			500,713			493,212

Property, plant, and equipment, net		124,757			110,691			112,815
Intangibles, net		24,097			26,277			25,366
Goodwill		83,877			84,099			84,194
Operating lease right-of-use assets		17,583			16,755			15,693
Deferred income tax assets		11,930			9,203			14,431
Equity method investments		7,452			—			—
Other noncurrent assets		17,805			17,542			14,521
Total assets	$	814,185		$	765,280		$	760,232

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	57,612		$	47,903		$	37,417
Current portion of long-term debt		231			228			228
Other current liabilities		87,044			81,147			88,171
Total current liabilities		144,887			129,278			125,816

Pension benefits liabilities		4,040			4,234			4,167
Long-term debt		114,903			115,075			114,994
Operating lease liabilities		17,063			16,936			15,541
Deferred income tax liabilities		637			677			678
Other noncurrent liabilities		16,236			16,046			18,143
Total liabilities		297,766			282,246			279,339

Shareholders' equity:
Preferred stock		19,155			19,122			19,124
Common stock		107,869			101,060			104,369
Retained earnings		723,008			661,715			687,093
Less treasury stock - at cost		(301,119	)		(277,238	)		(299,692	)
Accumulated other comprehensive loss, net		(32,494	)		(21,625	)		(30,001	)
Total shareholders' equity		516,419			483,034			480,893
Total liabilities and shareholders' equity	$	814,185		$	765,280		$	760,232


LINDSAY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

	Six months ended
(in thousands)		February 28, 2025				February 29, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$		43,739		$		33,142
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization			10,608				10,574
Provision for uncollectible accounts receivable			97				249
Deferred income taxes			785				1,488
Share-based compensation expense			3,954				3,335
Unrealized foreign currency transaction (gain)			(564	)			(94	)
Other, net			(122	)			150
Changes in assets and liabilities:
Receivables			(40,206	)			(9,349	)
Inventories			(2,419	)			(12,003	)
Other current assets			2,874				(7,009	)
Accounts payable			20,685				3,792
Other current liabilities			(5,479	)			(15,186	)
Other noncurrent assets and liabilities			(72	)			3,047
Net cash provided by operating activities			33,880				12,136

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment			(18,918	)			(18,773	)
Purchases of marketable securities			(14,676	)			(15,042	)
Proceeds from maturities of marketable securities			—				3,525
Purchase of equity method investment			(5,815	)			—
Proceeds from settlement of net investment hedge			835				—
Payments for settlement of net investment hedge			(98	)			—
Other investing activities, net			(559	)			(540	)
Net cash used in investing activities			(39,231	)			(30,830	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid			(7,824	)			(7,724	)
Common stock withheld for payroll tax obligations			(1,450	)			(1,575	)
Repurchase of common shares			(1,427	)			—
Proceeds from exercise of stock options			668				479
Other financing activities, net			248				229
Net cash used in financing activities			(9,785	)			(8,591	)

Effect of exchange rate changes on cash and cash equivalents			(3,699	)			(55	)
Net change in cash and cash equivalents			(18,835	)			(27,340	)
Cash and cash equivalents, beginning of period			190,879				160,755
Cash and cash equivalents, end of period	$		172,044		$		133,415

2nd Quarter Fiscal 2025 Earnings Presentation Exhibit 99.2

Safe-Harbor Statement © 2025 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 April 3, 2025.

© 2025 Lindsay Corporation Key Highlights Quarterly net earnings increase 47 percent and diluted EPS increase 49 percent International project volume in the Middle East and North Africa (MENA) region contributes to 11 percent revenue growth in irrigation Infrastructure revenues more than double on the completion of a large Road Zipper System™ project Plans are in place to mitigate the potential impact of tariffs and retaliatory actions

Second Quarter Summary © 2025 Lindsay Corporation Revenues increased $35.5 million, or 23 percent, compared to the prior year Irrigation increased $15.1 million Infrastructure increased $20.4 million Operating income increased $10.0 million, or 45 percent, compared to the prior year Irrigation increased $1.7 million Infrastructure increased $9.8 million Corporate expense increased $1.5 million Diluted EPS increased 49 percent compared to the prior year +23% +45% +49% Revenue Operating Income (with operating margin) Diluted EPS

Irrigation – Current Market Factors As of February 2025, U.S. corn prices increased approximately 20 percent and soybean prices decreased approximately 9 percent compared to February 2024 In February 2025, the USDA estimated 2025 U.S. net farm income to be $180.1 billion, an increase of 29 percent from 2024 U.S. net farm income of $139.1 billion The projected increase anticipates higher government support payments Cash receipts for crops are projected to decline by 2 percent Net farm income for 2024 declined 6 percent from the prior year In Brazil, commodity prices are improving, however rising interest rates continue to be a headwind for investment Project opportunities in developing international markets continue to be active, driven by secular megatrends of food security and water scarcity Proposed tariffs and the threat of retaliatory actions by other countries creates some uncertainty in the market © 2025 Lindsay Corporation

Irrigation Segment – Second Quarter Summary © 2025 Lindsay Corporation North America revenue of $77.1 million decreased 7 percent Lower unit sales volume as demand remains tempered Slightly lower average selling prices and lower sales of replacement parts Unit sales volume breakdown by category: Replacement 49%, Conversion 29%, Dryland 22% International revenue of $71.0 million increased 42 percent Continued delivery of the large project in the MENA region Increased sales in other parts of the MENA region Unit sales volume in Brazil was comparable to the prior year Unfavorable effects of foreign currency translation of $4.7 million Operating income of $27.4 million increased 7 percent Increase resulted primarily from higher revenues Larger percentage of international project revenues resulted in some dilution to operating margin compared to the prior year Revenue +7% +11% Operating Income (with operating margin) 6 $ in millions

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 Inflation on material prices and labor costs have offset some of the impact of incremental funding Through December 2024, approximately 53 percent of the IIJA funds have been committed to the states, and 33 percent of the funds have been reimbursed to the states The value of U.S. highway & bridge construction activity through December 2024 increased 4 percent compared to the prior year The Road Zipper project pipeline continues to be actively managed, however the timing of individual projects remains challenging to predict © 2025 Lindsay Corporation

Infrastructure Segment – Second Quarter Summary © 2025 Lindsay Corporation Revenue of $38.9 million increased 110 percent Completion of a large Road Zipper System™ project valued at over $20 million Lower Road Zipper System™ lease revenue Lower sales of road safety products Operating income of $13.3 million increased 278 percent Increase resulted from higher revenues and a more favorable margin mix of revenues Road Zipper System™ project sales represented a higher percentage of revenues compared to the prior year Revenue +278% Operating Income (with operating margin) +110% $ in millions

© 2025 Lindsay Corporation Ample Liquidity to Execute Capital Allocation Priorities $237M Available liquidity CurrentLiquidity 1.0x Gross Debt to EBITDA leverage Substantial Room to add Leverage No Near-TermDebt Maturities $115M Total Debt Matures in 2030

Capital Allocation Priorities © 2025 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

Innovation Leadership: Addressing Global Megatrends © 2025 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

Strong Commitment to Sustainable Practices © 2025 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

Document And Entity Information	Apr. 03, 2025
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Apr. 03, 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