EXHIBIT 99.1
 (LINDSAY CORPORATION LOGO)
    
    2222 NO. 111TH ST. OMAHA, NE 68164 TEL: 402-829-6800 FAX: 402-829-6836
 For further information, contact:
 LINDSAY CORPORATION:
    
    HALLIBURTON INVESTOR RELATIONS:Jim Raabe
    
    Hala Elsherbini or Geralyn DeBuskVice President & Chief Financial Officer
    
    972-458-8000402-827-6579
 Lindsay Corporation Reports Fiscal 2011 Third Quarter Results
  Third Quarter Results




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Nine Month Results
  Outlook
    Third-Quarter Conference Call
 www.lindsay.com
 About the Company
  For more information regarding Lindsay Corporation, see Lindsays Web site at www.lindsay.com. For
more information on the Companys infrastructure products, visit www.barriersystemsinc.com and
www.snoline.com.
 Concerning Forward-looking Statements
 This release contains forward-looking statements that are subject to risks and uncertainties and
which reflect managements current beliefs and estimates of future economic circumstances, industry
conditions, company performance and financial results. You can find a discussion of many of these
risks and uncertainties in the annual, quarterly and current reports that the Company files with
the Securities and Exchange Commission. Forward-looking statements include information concerning
possible or assumed future results of operations of the Company and those statements preceded by,
followed by or including the words anticipate, estimate, believe, intend, expect,
outlook, could, may, should, will, or similar expressions. For these statements, the
Company claims the protection of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to update
any forward-looking information contained in this press release.




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##### 



Lindsay Corporation and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
 Three months ended
    
    
    Nine months endedMay 31,
    
    
    May 31,(in thousands, except per share amounts)
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Operating revenues
    
    $
    153,446
    
    
    $
    100,073
    
    
    $
    362,780
    
    
    $
    271,239Cost of operating revenues
    
    
    111,947
    
    
    
    74,818
    
    
    
    263,049
    
    
    
    198,051Gross profit
    
    
    41,499
    
    
    
    25,255
    
    
    
    99,731
    
    
    
    73,188Operating expenses:Selling expense
    
    
    6,929
    
    
    
    5,909
    
    
    
    20,858
    
    
    
    16,683General and administrative expense
    
    
    8,640
    
    
    
    7,348
    
    
    
    23,936
    
    
    
    22,963Engineering and research expense
    
    
    2,789
    
    
    
    1,949
    
    
    
    8,125
    
    
    
    5,418Total operating expenses
    
    
    18,358
    
    
    
    15,206
    
    
    
    52,919
    
    
    
    45,064Operating income
    
    
    23,141
    
    
    
    10,049
    
    
    
    46,812
    
    
    
    28,124Other income (expense):Interest expense
    
    
    (192
    )
    
    
    (474
    )
    
    
    (591
    )
    
    
    (1,291
    )Interest income
    
    
    71
    
    
    
    49
    
    
    
    150
    
    
    
    215Other income (expense), net
    
    
    139
    
    
    
    12
    
    
    
    366
    
    
    
    72Earnings before income taxes
    
    
    23,159
    
    
    
    9,636
    
    
    
    46,737
    
    
    
    27,120Income tax provision
    
    
    7,870
    
    
    
    3,388
    
    
    
    15,837
    
    
    
    8,217Net earnings
    
    $
    15,289
    
    
    $
    6,248
    
    
    $
    30,900
    
    
    $
    18,903Basic net earnings per share
    
    $
    1.22
    
    
    $
    0.50
    
    
    $
    2.46
    
    
    $
    1.52Diluted net earnings per share
    
    $
    1.20
    
    
    $
    0.50
    
    
    $
    2.44
    
    
    $
    1.50Weighted average shares outstanding
    
    
    12,564
    
    
    
    12,486
    
    
    
    12,538
    
    
    
    12,439Diluted effect of stock equivalents
    
    
    139
    
    
    
    124
    
    
    
    139
    
    
    
    138Weighted average shares outstanding
assuming dilution
    
    
    12,703
    
    
    
    12,610
    
    
    
    12,677
    
    
    
    12,577Cash dividends per share
    
    $
    0.085
    
    
    $
    0.080
    
    
    $
    0.255
    
    
    $
    0.240




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Lindsay Corporation and Subsidiaries
CONSOLIDATED BALANCE SHEETS
 (Unaudited)
    
    
    (Unaudited)May 31,
    
    
    May 31,
    
    
    August 31,($ in thousands, except par values)
    
    2011
    
    
    2010
    
    
    2010ASSETSCurrent Assets:Cash and cash equivalents
    
    $
    100,568
    
    
    $
    83,509
    
    
    $
    83,418Receivables, net of allowance of $2,464, $2,246 and $2,244,
respectively
    
    
    87,588
    
    
    
    56,804
    
    
    
    63,629Inventories, net
    
    
    52,833
    
    
    
    47,070
    
    
    
    45,296Deferred income taxes
    
    
    6,798
    
    
    
    5,974
    
    
    
    6,722Other current assets
    
    
    12,177
    
    
    
    9,071
    
    
    
    8,946Total current assets
    
    
    259,964
    
    
    
    202,428
    
    
    
    208,011Property, plant and equipment, net
    
    
    57,279
    
    
    
    56,379
    
    
    
    57,646Other intangible assets, net
    
    
    27,430
    
    
    
    26,728
    
    
    
    27,715Goodwill, net
    
    
    28,815
    
    
    
    23,292
    
    
    
    27,395Other noncurrent assets
    
    
    4,318
    
    
    
    5,652
    
    
    
    4,714Total assets
    
    $
    377,806
    
    
    $
    314,479
    
    
    $
    325,481LIABILITIES AND SHAREHOLDERS EQUITYCurrent Liabilities:Accounts payable
    
    $
    42,966
    
    
    $
    29,547
    
    
    $
    26,501Current portion of long-term debt
    
    
    4,286
    
    
    
    4,286
    
    
    
    4,286Other current liabilities
    
    
    40,445
    
    
    
    29,981
    
    
    
    36,295Total current liabilities
    
    
    87,697
    
    
    
    63,814
    
    
    
    67,082Pension benefits liabilities
    
    
    6,233
    
    
    
    6,192
    
    
    
    6,400Long-term debt
    
    
    5,357
    
    
    
    9,643
    
    
    
    8,571Deferred income taxes
    
    
    10,947
    
    
    
    9,431
    
    
    
    10,816Other noncurrent liabilities
    
    
    1,790
    
    
    
    2,053
    
    
    
    3,005Total liabilities
    
    
    112,024
    
    
    
    91,133
    
    
    
    95,874Shareholders equity:Preferred stock, ($1 par value, 2,000,000 shares authorized, no shares
issued and outstanding)
    
    
    
    
    
    
    
    
    
    
    Common stock, ($1 par value, 25,000,000 shares authorized,
18,268,549, 18,184,620 and 18,184,820 shares issued at May 31, 2011
and 2010 and August 31, 2010, respectively)
    
    
    18,269
    
    
    
    18,185
    
    
    
    18,185Capital in excess of stated value
    
    
    34,162
    
    
    
    30,515
    
    
    
    30,756Retained earnings
    
    
    297,971
    
    
    
    265,373
    
    
    
    270,272Less treasury stock (at cost, 5,698,448 shares at
May 31, 2011 and 2010 and August 31, 2010, respectively)
    
    
    (90,961
    )
    
    
    (90,961
    )
    
    
    (90,961
    )Accumulated other comprehensive income, net
    
    
    6,341
    
    
    
    234
    
    
    
    1,355Total shareholders equity
    
    
    265,782
    
    
    
    223,346
    
    
    
    229,607Total liabilities and shareholders equity
    
    $
    377,806
    
    
    $
    314,479
    
    
    $
    325,481




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##### 



Lindsay Corporation and Subsidiaries
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
 Nine Months EndedMay 31,($ in thousands)
    
    2011
    
    
    2010CASH FLOWS FROM OPERATING ACTIVITIES:Net earnings
    
    $
    30,900
    
    
    $
    18,903Adjustments to reconcile net earnings to net cash
provided by
operating activities:Depreciation and amortization
    
    
    8,820
    
    
    
    8,027Provision for uncollectible accounts receivable
    
    
    248
    
    
    
    568Deferred income taxes
    
    
    (2,001
    )
    
    
    (990
    )Stock-based compensation expense
    
    
    2,384
    
    
    
    1,755Gain on disposal of fixed assets
    
    
    (43
    )
    
    
    (537
    )Other, net
    
    
    (307
    )
    
    
    121Changes in assets and liabilities:Receivables
    
    
    (21,326
    )
    
    
    (16,095
    )Inventories
    
    
    (5,330
    )
    
    
    (2,280
    )Other current assets
    
    
    (2,929
    )
    
    
    (3,127
    )Accounts payable
    
    
    15,441
    
    
    
    10,439Other current liabilities
    
    
    2,642
    
    
    
    (2,768
    )Current taxes payable
    
    
    853
    
    
    
    2,285Other noncurrent assets and liabilities
    
    
    (1,077
    )
    
    
    (1,513
    )Net cash provided by operating activities
    
    
    28,275
    
    
    
    14,788CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of property, plant and equipment
    
    
    (5,315
    )
    
    
    (3,962
    )Proceeds from sale of property, plant and equipment
    
    
    57
    
    
    
    577Acquisition of business, net of cash acquired
    
    
    (1,279
    )
    
    
    (132
    )Payment for settlement of net investment hedge
    
    
    (1,261
    )
    
    
    565Net cash used in investing activities
    
    
    (7,798
    )
    
    
    (2,952
    )CASH FLOWS FROM FINANCING ACTIVITIES:Issuance of common stock under stock compensation plans
    
    
    243
    
    
    
    544Principal payments on long-term debt
    
    
    (3,214
    )
    
    
    (11,697
    )Net borrowing on revolving line of credit
    
    
    1,212
    
    
    
    345Excess tax benefits from stock-based compensation
    
    
    1,068
    
    
    
    368Dividends paid
    
    
    (3,201
    )
    
    
    (2,991
    )Net cash used in financing activities
    
    
    (3,892
    )
    
    
    (13,431
    )Effect of exchange rate changes on cash
    
    
    565
    
    
    
    (825
    )Net increase (decrease) in cash and cash equivalents
    
    
    17,150
    
    
    
    (2,420
    )Cash and cash equivalents, beginning of period
    
    
    83,418
    
    
    
    85,929Cash and cash equivalents, end of period
    
    $
    100,568
    
    
    $
    83,509