Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates through two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems. It also offers repair and replacement parts for its irrigation systems and controls, and diameter steel tubing; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, machine-to-machine communication technology solutions and mobile device applications; and irrigation scheduling technology solutions; and industrial Internet of Things technology solutions, data acquisition and management systems, and custom electronic equipment for applications under the Elecsys brand. The Infrastructure segment provides Road Zipper System comprised of T-shaped concrete and steel barriers, barrier transfer machine, and variable length barriers, which are used for highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and repairs to tunnels and bridges. This segment also offers redirective and non-redirective crash cushions, moveable barriers to enhance highway safety at locations such as toll booths, end terminals, road marking, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards; specialty barriers; preformed tape and road safety accessory products, as well as rail products, such as signals and lights, structures, foundations, junction boxes, and signs. Lindsay Corporation was founded in 1955 and is headquartered in Omaha, Nebraska.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $676M | $117M | $74M | $90M | 13.9% | 11.4% | 11.8% |
| 2024 | $607M | $103M | $66M | $67M | 13.8% | -9.9% | -8.5% |
| 2023 | $674M | $123M | $72M | $101M | 15.9% | -12.5% | 10.6% |
| 2022 | $771M | $112M | $65M | $-13M | 16.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 770.74 | 674.08 | 607.07 | 676.37 |
| Operating Revenue | - | 770.74 | 674.08 | 607.07 | 676.37 |
| Cost Of Revenue | - | 571.57 | 461.07 | 416.02 | 465.59 |
| Gross Profit | - | 199.18 | 213.02 | 191.06 | 210.78 |
| Operating Expense | - | 104.54 | 110.83 | 114.45 | 122.66 |
| Research And Development | - | 15.14 | 18.22 | 17.12 | 17.93 |
| Selling General And Administration | - | 89.39 | 92.61 | 97.32 | 104.73 |
| Total Expenses | - | 676.10 | 571.90 | 530.47 | 588.24 |
| Operating Income | - | 94.64 | 102.18 | 76.61 | 88.12 |
| Total Operating Income As Reported | - | 94.64 | 102.18 | 76.61 | 88.12 |
| EBITDA | - | 112.32 | 123.44 | 103.48 | 117.31 |
| Normalized EBITDA | - | 112.32 | 123.44 | 103.48 | 117.31 |
| EBIT | - | 92.14 | 104.16 | 82.28 | 96.42 |
| Interest Income | - | 0.62 | 2.78 | 5.19 | 7.72 |
| Interest Expense | - | 4.27 | 3.79 | 3.23 | 1.83 |
| Net Interest Income | - | -3.65 | -1 | 1.96 | 5.88 |
| Other Non Operating Income Expenses | - | -3.13 | -0.80 | 0.49 | 0.57 |
| Other Income Expense | - | -3.13 | -0.80 | 0.49 | 0.57 |
| Interest Income Non Operating | - | 0.62 | 2.78 | 5.19 | 7.72 |
| Interest Expense Non Operating | - | 4.27 | 3.79 | 3.23 | 1.83 |
| Net Non Operating Interest Income Expense | - | -3.65 | -1 | 1.96 | 5.88 |
| Pretax Income | - | 87.87 | 100.38 | 79.05 | 94.58 |
| Tax Provision | - | 22.40 | 28 | 12.79 | 20.53 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 65.47 | 72.38 | 66.26 | 74.05 |
| Net Income From Continuing And Discontinued Operation | - | 65.47 | 72.38 | 66.26 | 74.05 |
| Net Income From Continuing Operation Net Minority Interest | - | 65.47 | 72.38 | 66.26 | 74.05 |
| Net Income | - | 65.47 | 72.38 | 66.26 | 74.05 |
| Net Income Common Stockholders | - | 65.47 | 72.38 | 66.26 | 74.05 |
| Net Income Including Noncontrolling Interests | - | 65.47 | 72.38 | 66.26 | 74.05 |
| Normalized Income | - | 65.47 | 72.38 | 66.26 | 74.05 |
| Diluted NI Availto Com Stockholders | - | 65.47 | 72.38 | 66.26 | 74.05 |
| Basic Average Shares | - | 10.96 | 11 | 10.98 | 10.86 |
| Diluted Average Shares | - | 11.03 | 11.06 | 11.02 | 10.92 |
| Reconciled Depreciation | - | 20.18 | 19.28 | 21.20 | 20.90 |
| Reconciled Cost Of Revenue | - | 571.57 | 461.07 | 416.02 | 465.59 |
| General And Administrative Expense | - | 55.47 | 56.41 | 57.42 | 62.99 |
| Other Gand A | - | 55.47 | 56.41 | 57.42 | 62.99 |
| Other Operating Expenses | 13.36 | - | - | - | - |
| Selling And Marketing Expense | - | 33.92 | 36.20 | 39.90 | 41.74 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Lindsay Corporationthis co. | LNN | $1.2B | 16.11 | 2.24 | 13.9% | 9.19 |
| ICF International, Inc. | ICFI | $1.2B | 13.60 | 1.21 | 8.9% | 9.01 |
| Heartland Express, Inc. | HTLD | $1.2B | - | 1.62 | -6.9% | 13.29 |
| Satellogic Inc. | SATL | $1.2B | -252.29 | 19.94 | -7.9% | 322.72 |
| Graham Corporation | GHM | $1.2B | 97.74 |
| - |
| - |
| - |
| - |
| - |
| 10.00 |
| 10.2% |
| 55.89 |
| Astec Industries, Inc. | ASTE | $1.2B | 30.56 | 1.74 | 5.7% | 13.55 |
| Global Industrial Company | GIC | $1.2B | 16.22 | 3.73 | 23.0% | 11.44 |
| BrightView Holdings, Inc. | BV | $1.1B | 88.98 | 0.63 | 0.7% | 6.45 |
| Evolv Technologies Holdings, Inc. | EVLV | $1.1B | -34.30 | 9.52 | -27.7% | -161.32 |
| Peer Median | - | 16.22 | 2.74 | 3.2% | 12.37 | |