LINDSAY CORP LNN

Industrials SIC 3523 - Farm Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Agricultural Implement Manufacturing › Farm Machinery and Equipment Manufacturing derived NYSE

Lindsay Corporation, along with its subsidiaries (collectively called the "Company"), is a global leader in providing a variety of proprietary water management and road infrastructure products and services. The Company has been involved in the manufacture and distribution of agricultural irrigation equipment since 1955 and has grown from a regional company to an international firm with worldwide sales, distribution and manufacturing operations. The Company is a Delaware corporation and maintains its corporate offices in Omaha, Nebraska. The Company has operations which are categorized into two reporting segments, Irrigation and Infrastructure.

Irrigation Segment – The Company's irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems which are used principally in the agricultural industry to increase or stabilize crop production while conserving water, energy and labor. The irrigation segment also manufactures and markets repair and replacement parts for its irrigation systems and controls and large diameter steel tubing. The Company continues to strengthen irrigation product offerings through innovative technology such as Global Positioning System ("GPS") positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling, Industrial Internet of Things ("IIOT") technology solutions and mobile device applications. The Company's primary domestic irrigation manufacturing facilities are located in Lindsay, Nebraska; Olathe, Kansas; and Norfolk, Nebraska. Internationally, the Company has commercial and production operations in Brazil, France, China, Türkiye (formerly Turkey), and South Africa, as well as distribution and sales operations in the Netherlands, Egypt, Australia, and New Zealand. The Company also exports equipment from the U.S. and its global production facilities to other international markets.

Last close 105.64 2026-10-23
Market cap $1.07B 2026-05-31 share count
52-week range 97.27 - 148.00

Valuation FY2025 figures against the last close

P/S1.6x
P/E15.6x
P/FCF11.9x
EV/EBITDA9.1x
Dividend yield1.5%
Diluted EPS6.78

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $659.1M$584.3M$661.9M$760.3M$567.6M$474.7M$444.1M$547.7M$518.0M$516.4M
Cost of revenue $465.6M$416.0M$461.1M$571.6M$417.4M$322.1M$329.5M$396.2M$373.0M$367.8M
Gross profit $210.8M$191.1M$213.0M$199.2M$150.2M$152.5M$114.6M$151.5M$145.0M$148.6M
R&D $17.9M$17.1M$18.2M$15.1M$13.4M$13.9M$13.9M$16.0M$17.1M$15.8M
SG&A $63.0M$57.4M$56.4M$55.5M$51.9M$52.9M$63.7M$55.5M$46.5M$56.4M
Total operating expenses $122.7M$114.4M$110.8M$104.5M$96.1M$98.3M$108.5M$112.5M$104.4M$114.2M
Operating income $88.1M$76.6M$102.2M$94.6M$54.1M$54.2M$6.1M$39.0M$40.6M$34.4M
Interest expense $1.8M$3.2M$3.8M$4.3M$4.8M$4.8M$4.8M$4.7M$4.8M$4.8M
Pre-tax income $94.6M$79.0M$100.4M$87.9M$50.4M$48.8M$2.1M$33.9M$35.7M$29.3M
Income tax $20.5M$12.8M$28.0M$22.4M$7.8M$10.2M$65.0K$13.6M$12.5M$9.0M
Net income $74.1M$66.3M$72.4M$65.5M$42.6M$38.6M$2.2M$20.3M$23.2M$20.3M
EPS, basic 6.826.046.585.973.913.570.201.892.171.86
EPS, diluted 6.786.016.545.943.883.560.201.882.171.85
Shares, diluted (wtd. avg.) 10.9M11.0M11.1M11.0M11.0M10.9M10.8M10.8M10.7M10.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $250.6M$190.9M$160.8M$105.0M$127.1M$121.4M$127.2M$160.8M$121.6M$101.2M
Short-term investments —$0$5.6M$11.5M$19.6M$19.5M$0———
Receivables $113.0M$116.6M$144.8M$138.2M$93.6M$84.6M$75.6M$69.1M$73.8M$80.6M
Inventory $136.9M$154.5M$155.9M$193.8M$145.2M$104.8M$92.3M$79.2M$86.2M$74.8M
Total current assets $532.8M$493.2M$487.5M$477.1M$416.1M$347.9M$313.5M$331.1M$292.9M$276.8M
Property, plant and equipment $142.3M$112.8M$99.7M$94.5M$92.0M$79.6M$69.0M$57.2M$74.5M$77.6M
Goodwill $84.5M$84.2M$83.1M$67.1M$68.0M$68.0M$64.4M$64.7M$77.1M$76.8M
Other intangibles $23.3M$25.4M$27.7M$18.2M$20.4M$23.5M$24.4M$27.4M$42.8M$47.2M
Total assets $840.8M$760.2M$745.7M$710.7M$637.2M$570.5M$500.3M$499.8M$506.0M$487.5M
Accounts payable $48.7M$37.4M$44.3M$60.0M$45.2M$29.6M$29.4M$30.5M$36.7M$32.3M
Short-term debt $233.0K$228.0K$226.0K$222.0K$217.0K$195.0K$209.0K$205.0K$201.0K$197.0K
Total current liabilities $143.6M$125.8M$136.1M$160.9M$138.2M$102.4M$82.1M$80.1M$92.0M$87.9M
Long-term debt $114.8M$115.0M$115.2M$115.3M$115.5M$115.7M$115.8M$116.1M$116.8M$117.0M
Total liabilities $308.0M$279.3M$290.0M$317.3M$298.7M$272.0M$232.1M$222.9M$236.0M$235.9M
Retained earnings $745.4M$687.1M$636.3M$579.0M$528.1M$499.7M$474.7M$484.9M$477.6M$466.9M
Total equity $532.9M$480.9M$455.7M$393.4M$338.4M$298.5M$268.2M$276.9M$270.1M$251.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $132.9M$95.8M$119.7M$3.0M$44.0M$46.0M$3.8M$33.9M$39.4M$33.1M
Depreciation and amortisation $14.6M$14.8M$13.9M$13.5M$12.7M$11.6M$11.1M$12.5M$12.2M$12.2M
Stock-based compensation $8.1M$6.4M$6.5M$5.5M$6.2M$5.6M$4.2M$3.9M$3.6M$3.1M
Capital expenditure $42.5M$29.0M$18.8M$15.6M$26.5M$21.4M$23.2M$11.1M$8.9M$11.5M
Investing cash flow -$48.6M-$25.9M-$47.4M-$8.9M-$27.6M-$38.5M-$21.2M$18.1M-$10.0M-$9.9M
Financing cash flow -$26.9M-$38.6M-$17.3M-$12.7M-$11.7M-$13.4M-$14.6M-$11.3M-$10.3M-$61.4M
Dividends paid $15.7M$15.5M$15.1M$14.6M$14.2M$13.6M$13.4M$13.0M$12.5M$12.2M
Buybacks $11.5M$22.5M$0$0—————$48.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-248751.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2016: 516.4M Gross profit, FY2016: 148.6M Net income, FY2016: 20.3M Revenue, FY2017: 518M Gross profit, FY2017: 145M Net income, FY2017: 23.2M Revenue, FY2018: 547.7M Gross profit, FY2018: 151.5M Net income, FY2018: 20.3M Revenue, FY2019: 444.1M Gross profit, FY2019: 114.6M Net income, FY2019: 2.2M Revenue, FY2020: 474.7M Gross profit, FY2020: 152.5M Net income, FY2020: 38.6M Revenue, FY2021: 567.6M Gross profit, FY2021: 150.2M Net income, FY2021: 42.6M Revenue, FY2022: 760.3M Gross profit, FY2022: 199.2M Net income, FY2022: 65.5M Revenue, FY2023: 661.9M Gross profit, FY2023: 213M Net income, FY2023: 72.4M Revenue, FY2024: 584.3M Gross profit, FY2024: 191.1M Net income, FY2024: 66.3M Revenue, FY2025: 659.1M Gross profit, FY2025: 210.8M Net income, FY2025: 74.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $516.4M $518.0M $547.7M $444.1M $474.7M $567.6M $760.3M $661.9M $584.3M $659.1M
Gross profit $148.6M $145.0M $151.5M $114.6M $152.5M $150.2M $199.2M $213.0M $191.1M $210.8M
Net income $20.3M $23.2M $20.3M $2.2M $38.6M $42.6M $65.5M $72.4M $66.3M $74.1M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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