LINDSAY CORP

Listed Company

LNNCIK 0000836157NYSELarge AcceleratedFarm Machinery & EquipmentDelawareFY ends Aug 31

Period

FY 2025

Revenue

$676.37M

Net Income

$74.05M

Total Assets

$840.84M

Equity

$532.85M

Shares Out

10.40M

Op. Cash Flow

$132.91M

Business

LINDSAY CORP provides proprietary water management and road infrastructure products and services for agricultural and transportation markets. It manufactures and markets center pivot, lateral move and hose reel irrigation systems, irrigation controls, IIOT and remote monitoring technologies, repair parts, and large-diameter steel tubing, as well as moveable barriers (Road Zipper), crash cushions, road marking and railroad products. The company operates through two reporting segments, Irrigation and Infrastructure. It distributes products globally via independent dealers, direct sales, distributors, leases and exports from production facilities in the U.S. and several international locations.

Summary from filing dated 2025-10-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Operating revenues	676	607	674	771	568
Cost of operating revenues	466	416	461	572	417
Gross profit	211	191	213	199	150
Selling expense	42	40	36	34	31
General and administrative expense	63	57	56	55	52
Engineering and research expense	18	17	18	15	13
Total operating expenses	123	114	111	105	96
Operating income	88	77	102	95	54
Interest expense	−2	−3	−4	−4	—
Interest income	8	5	3	622,000	1
Other income (expense), net	574,000	487,000	−804,000	−3	−53,000
Total other income (expense)	6	2	−2	−7	−4
Earnings before income taxes	95	79	100	88	50
Income tax expense	21	13	28	22	8
Net earnings	74	66	72	65	43
Basic (per share)	6.82	6.04	6.58	5.97	3.91
Diluted (per share)	6.78	6.01	6.54	5.94	3.88
Basic (shares)	11	11	11	11	11
Diluted (shares)	11	11	11	11	11
Cash dividends declared per share	1.45	1.41	1.37	1.33	1.3

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Cash and cash equivalents	251	191	161	105	127
Receivables, net of allowance of $6,089 and $5,151, respectively	113	117	145	138	94
Inventories, net	137	155	156	194	145
Other current assets	32	31	20	29	31
Total current assets	533	493	487	477	416
Property, plant, and equipment, net	142	113	100	94	92
Intangible assets, net	23	25	28	18	20
Goodwill	84	84	83	67	68
Operating lease right-of-use assets	18	16	17	19	18
Deferred income tax assets	20	14	11	9	8
Equity method investment	9	—	—	—	—
Other noncurrent assets	12	15	20	25	14
Total assets	841	760	746	711	637
Accounts payable	49	37	44	60	45
Current portion of long-term debt	233,000	228,000	226,000	222,000	217,000
Other current liabilities	95	88	92	101	93
Total current liabilities	144	126	136	161	138
Pension benefits liabilities	3	4	4	5	6
Long-term debt	115	115	115	115	116
Operating lease liabilities	17	16	18	20	18
Deferred income tax liabilities	1	678,000	689,000	1	832,000
Other noncurrent liabilities	28	18	16	15	20
Total liabilities	308	279	290	317	299
Preferred stock of $1 par value - authorized 2,000 shares; no shares issued and outstanding	0	0	0	0	0
Common stock at $1 par value - authorized 25,000 shares; 19,167 and 19,124 shares issued at August 31, 2025 and 2024, respectively	19	19	19	19	19
Capital in excess of stated value	113	104	99	94	86
Retained earnings	745	687	636	579	528
Less treasury stock - at cost, 8,363 and 8,277 shares, respectively	−311	−300	−277	−277	−277
Accumulated other comprehensive loss, net	−34	−30	−21	−21	−18
Total shareholders' equity	533	481	456	393	338
Total liabilities and shareholders' equity	841	760	746	711	637

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Net earnings	74	66	72	65	43
Depreciation and amortization	21	21	19	20	19
Provision for uncollectible accounts receivable	2	694,000	881,000	903,000	771,000
Deferred income taxes	−1	−4	0	−2	2
Share-based compensation expense	8	6	7	5	6
Foreign currency transaction (gain) loss	−718,000	−971,000	1	2	−2
Other, net	−3	450,000	2	695,000	−828,000
Receivables	3	23	−5	−48	−12
Inventories	19	−765,000	41	−54	−38
Other current assets	−784,000	−10	5	1	−8
Accounts payable	11	−6	−15	14	18
Other current liabilities	−4	−8	−9	186,000	18
Other noncurrent assets and liabilities	5	7	2	−4	−2
Net cash provided by operating activities	133	96	120	3	44
Purchases of property, plant and equipment	−42	−29	−19	−16	−27
Purchases of marketable securities available-for-sale	−15	−19	−5	−18	−19
Proceeds from maturities of marketable securities available-for-sale	15	25	11	26	19
Purchase of equity method investment	−6	0	0	—	—
Proceeds from settlement of net investment hedge	835,000	0	0	—	—
Payments for settlement of net investment hedge	−98,000	0	0	—	—
Acquisition of business, net of cash acquired	0	0	−31	0	0
Other investing activities, net	−1	−3	−4	−855,000	−577,000
Net cash used in investing activities	−49	−26	−47	−9	−28
Repurchase of common shares	−12	−22	0	0	—
Dividends paid	−16	−15	−15	−15	−14
Proceeds from exercise of stock options	2	479,000	32,000	3	4
Common stock withheld for payroll tax obligations	−2	−2	−3	−1	−1
Other financing activities, net	372,000	370,000	222,000	194,000	—
Net cash used in financing activities	−27	−39	−17	−13	−12
Effect of exchange rate changes on cash and cash equivalents	2	−1	716,000	−3	1
Net change in cash and cash equivalents	60	30	56	−22	6
Income taxes paid	21	22	20	16	7
Interest paid	2	3	4	4	5

Filings

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