LINDSAY CORP Earnings Per Share Disclosure
Note 5 – Net Earnings Per Share
The following table shows the computation of basic and diluted net earnings per share for fiscal 2025, 2024, and 2023:
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For the years ended August 31, |
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($ and shares in thousands, except per share amounts) |
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2025 |
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2024 |
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2023 |
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Numerator: |
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Net earnings |
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$ |
74,052 |
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$ |
66,257 |
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$ |
72,379 |
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Denominator: |
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Weighted average shares outstanding |
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10,859 |
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10,976 |
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11,003 |
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Diluted effect of stock equivalents |
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59 |
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41 |
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59 |
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Weighted average shares outstanding assuming dilution |
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10,918 |
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11,017 |
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11,062 |
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Basic net earnings per share |
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$ |
6.82 |
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$ |
6.04 |
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$ |
6.58 |
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Diluted net earnings per share |
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$ |
6.78 |
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$ |
6.01 |
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$ |
6.54 |
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Certain stock options and restricted stock units were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive. Performance stock units are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied. The number of securities excluded from the computation of earnings per share because their effect would have been anti-dilutive was not significant for fiscal 2025, 2024, and 2023.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Oct 23, 2025 | Showing above |
| 2024 | Oct 24, 2024 | |
| 2023 | Oct 19, 2023 | |
| 2022 | Oct 20, 2022 | |
| 2021 | Oct 21, 2021 | |
| 2020 | Oct 22, 2020 | |
| 2019 | Oct 31, 2019 | |
| 2018 | Oct 24, 2018 | |
| 2017 | Oct 13, 2017 | |
| 2016 | Oct 18, 2016 | |
| 2015 | Oct 20, 2015 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.