Lindsay Corporation
- Open
- 113.32
- Day high
- 114.84
- Day low
- 112.16
- Prev close
- 112.87
- Volume
- 43K
- Mkt cap
- $1.2B
- P/E (TTM)
- 21.5
- EPS (TTM)
- $5.24
- P/B
- 2.4
- P/S
- 1.9
- Yield
- 1.31%
- Per share
- $1.48
Lindsay Corporation (LNN) is a Industrials company listed on NYSE. The stock is down 17% over the past year.
Lindsay Corporation (LNN) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LNN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 2, 2026 | $1.41 | $1.53 | +8.5% | $161M | +1.9% |
| Jan 8, 2026 | $1.46 | $1.54 | +5.5% | $156M | -4.4% |
| Oct 23, 2025 | $1.14 | $0.99 | -13.2% | $154M | -2.1% |
| Jun 26, 2025 | $1.36 | $1.78 | +30.9% | $169M | +8.0% |
| Jan 7, 2025 | $1.34 | $1.57 | +17.2% | $166M | -0.0% |
| Oct 24, 2024 | $1.01 | $1.17 | +15.8% | $155M | +6.6% |
| Apr 4, 2024 | $1.56 | $1.64 | +5.1% | $152M | -11.9% |
| Jan 4, 2024 | $1.27 | $1.36 | +7.1% | $161M | -1.3% |
| Oct 19, 2023 | $1.11 | $1.74 | +56.8% | $167M | +5.9% |
| Apr 4, 2023 | $1.53 | $1.63 | +6.5% | $166M | -26.3% |
| Jan 5, 2023 | $1.18 | $1.65 | +39.8% | $176M | -0.1% |
| Oct 20, 2022 | $1.43 | $1.62 | +13.3% | $190M | +7.0% |
LNN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jan 13, 2026 | Coburn Brett Richardofficer: VP & Chief Accounting Officer | Grant | 162 | — |
| Jan 8, 2026 | Khandaker Jahidul Huqdirector | Grant | 1,046 | — |
| Jan 8, 2026 | Di Si Pablodirector | Grant | 684 | — |
| Jan 8, 2026 | LINDSEY MARY Adirector | Grant | 1,046 | — |
| Jan 8, 2026 | CHRISTODOLOU MICHAELdirector | Grant | 1,046 | — |
| Jan 8, 2026 | Di Si Pablodirector | Grant | 1,046 | — |
| Jan 8, 2026 | RAYBURN DAVID Bdirector | Grant | 1,046 | — |
| Jan 8, 2026 | Madere Consuelo E.director | Grant | 1,046 | — |
| Jan 8, 2026 | Brunner Robert Edirector | Grant | 1,046 | — |
| Dec 3, 2025 | Magnusson Brian Jamesofficer: President - Irrigation | Grant | 427 | — |
| Nov 4, 2025 | Ketcham Brian Lofficer: Senior Vice President and CFO | Grant | 768 | — |
| Nov 4, 2025 | Wood Randy Adirector, officer: President and CEO | Tax | 3,297 | $111.24 |
| Nov 4, 2025 | Oberto Gustavo Eofficer: President - Irrigation | Grant | 499 | — |
| Nov 4, 2025 | Oberto Gustavo Eofficer: President - Irrigation | Tax | 546 | $111.24 |
| Nov 4, 2025 | Hinrichsen Samuel Sofficer: Senior Vice President | Grant | 2,674 | — |
Source: LNN SEC Form 4 filings, latest Jan 13, 2026. For informational purposes only — not investment advice.
See the full LNN insider & 13F page →Lindsay Corporation company profile
Overview
Lindsay Corporation (NYSE:LNN) is an industrial equipment manufacturer founded in 1954 and headquartered in Omaha, Nebraska. The company has been publicly traded since 1988 and operates as a leading provider of water management and road infrastructure solutions globally. Lindsay has evolved from its agricultural machinery roots into a technology-enabled company serving both irrigation and infrastructure markets, with operations spanning the United States and international markets including Brazil, the Middle East, North Africa, and other regions.
Business
Lindsay Corporation operates in two distinct business segments that address critical infrastructure needs across agriculture and transportation. The Irrigation segment represents approximately 85% of total revenues and manufactures precision irrigation systems primarily for agricultural applications. The company's flagship products include center pivot irrigation systems sold under the Zimmatic brand, which are large rotating sprinkler systems that can irrigate circular fields of crops automatically. These systems consist of steel framework mounted on wheeled towers that rotate around a central pivot point, delivering water through sprinklers along the length of the system. Lindsay also produces lateral move irrigation systems that travel in straight lines across rectangular fields, and hose reel travelers under the Perrot and Greenfield brands for smaller-scale applications. Beyond hardware, the irrigation business has evolved into a technology platform through the FieldNET and GrowSmart brands, offering digital water management solutions including soil moisture sensors, weather stations, variable rate irrigation controls, and smartphone applications that allow farmers to remotely monitor and control their irrigation systems. The company now manages over 140,000 connected devices globally, generating recurring subscription revenues from these digital services. The Infrastructure segment accounts for approximately 15% of revenues and focuses on highway safety and construction equipment. The primary product is the Road Zipper System, a moveable concrete barrier system that can be quickly repositioned to create temporary traffic lanes during highway construction, maintenance, or emergency situations. The system uses specialized machinery to lift and move interlocking concrete barriers, allowing traffic flow to be redirected without manual barrier handling. Lindsay also manufactures crash cushions, specialty barrier products, road marking equipment, and provides railroad signaling structures. Geographically, North America generates roughly 50-60% of irrigation revenues, while international markets, particularly Brazil and the Middle East/North Africa region, contribute 40-50%. The infrastructure business is primarily U.S.-focused but has emerging international opportunities.
Competitive moat
Lindsay Corporation possesses a moderate competitive moat built on several defensive characteristics, though the moat faces ongoing challenges. The company benefits from brand recognition and dealer relationships accumulated over 70 years in business, particularly with the Zimmatic brand which holds strong market positions in North America and select international markets. The extensive dealer network provides sales reach and local service capabilities that would be difficult for new entrants to replicate quickly. The company's technology platform integration creates some switching costs, as farmers who adopt FieldNET systems and accumulate historical data may be reluctant to change providers. The connected device ecosystem, now encompassing over 140,000 units, generates valuable agricultural data that enhances the platform's utility. Additionally, Lindsay's manufacturing scale and operational expertise in precision irrigation systems provides cost advantages over smaller competitors. However, the moat faces meaningful limitations. The irrigation equipment industry remains relatively fragmented with several established competitors including Valley Irrigation (Valmont Industries) and Reinke Manufacturing. Product differentiation is limited as center pivot irrigation systems are largely commoditized, with competition primarily on price, service, and incremental technology features. The infrastructure segment, while more specialized, serves a concentrated customer base of government agencies that typically award contracts through competitive bidding processes. Technological disruption risks exist as precision agriculture evolves rapidly, with potential for new entrants or adjacent technology companies to capture value in the digital farming ecosystem. The company's international expansion also faces competition from local manufacturers in key markets like Brazil, who may have cost or regulatory advantages.
Risks & safety
Lindsay Corporation demonstrates strong financial stability with substantial liquidity and conservative capital structure, though earnings volatility reflects cyclical end markets. 1. Liquidity and Solvency: Total available liquidity of $236.7 million as of Q2 2025, including $172 million in cash and short-term investments. Current ratio of 3.6x and quick ratio of 2.6x indicate strong short-term financial flexibility. Debt-to-equity ratio of 0.26x represents conservative leverage. 2. Valuation Metrics: Trading at 13.5x trailing earnings and 9.0x EV/EBITDA as of Q2 2025, representing reasonable valuations for an industrial equipment company. Graham number of $51 suggests potential undervaluation relative to book value and earnings power. 3. Cash Generation: Positive operating cash flow of $12.3 million in Q2 2025, though free cash flow of $2.5 million reflects ongoing capital investments. Full-year fiscal 2024 generated $95.8 million in operating cash flow and $66.8 million in free cash flow. 4. Other Considerations: ROE of 5.1% in recent quarter reflects cyclical earnings trough. Company maintains share repurchase program and modest dividend, indicating management confidence in cash generation sustainability.
Recent development
Over the past several years, Lindsay Corporation has executed a strategic transformation from a traditional equipment manufacturer toward a technology-enabled solutions provider. The company completed its acquisition of FieldWise in 2023, expanding its precision agriculture capabilities and digital platform offerings. In 2024, Lindsay acquired a 49.9% stake in Pessl Instruments, adding weather monitoring and environmental sensing technologies to its portfolio. The company has invested heavily in its connected device ecosystem, growing from approximately 100,000 connected devices to over 140,000 units, with annual recurring revenue from device subscriptions increasing 28% in fiscal 2024. The FieldNET platform now offers comprehensive digital water management including AI-powered recommendations through partnerships with companies like Bayer. Lindsay has also modernized its manufacturing capabilities with a $50 million investment in its Lindsay, Nebraska facility, implementing lean manufacturing processes and increasing operational flexibility. This investment supports both cost reduction initiatives and capacity for future growth. In the infrastructure segment, the company has focused on expanding its Road Zipper System leasing business, which provides recurring revenue streams and has attracted increased interest from state transportation departments. Recent project wins include a $20+ million Road Zipper system project in the northeastern United States. Internationally, Lindsay has secured significant project opportunities, including a $100 million irrigation contract in the Middle East and North Africa region, demonstrating the company's ability to compete for large-scale agricultural development projects. The company has also been navigating challenging market conditions in Brazil while positioning for eventual market recovery.
LNN company profile · for informational purposes only — not investment advice.
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