# EDGAR Filing Document

**Accession Number:** 0000836157
**File Stem:** 0000950170-25-090164
**Filing Date:** 2025-6
**Character Count:** 36992
**Document Hash:** c7c4339b3899cadbc5f3b9286d7ec482
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-090164.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0000950170-25-090164

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 31

**CONFORMED PERIOD OF REPORT**: 20250626

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINDSAY CORP
- **CENTRAL INDEX KEY:** 0000836157
- **STANDARD INDUSTRIAL CLASSIFICATION:** FARM MACHINERY & EQUIPMENT [3523]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 470554096
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13419
- **FILM NUMBER:** 251075027

**BUSINESS ADDRESS:**
- **STREET 1:** 18135 BURKE STREET
- **STREET 2:** SUITE 100
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68022
- **BUSINESS PHONE:** 4028296800

**MAIL ADDRESS:**
- **STREET 1:** 18135 BURKE STREET
- **STREET 2:** SUITE 100
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINDSAY MANUFACTURING CO
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## **FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** June 26, 2025<br>

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Lindsay Corporation

**(Exact name of Registrant as Specified in Its Charter)**

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---

| | | |
|:---|:---|:---|
| Delaware | 1-13419 | 47-0554096 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 18135 Burke Street<br> Suite 100 |  |  |
| Omaha**,** Nebraska |  | 68022 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code:** (402) 829-6800<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | |
|:---|:---|
| **<br>Title of each class** | **<br>Name of each exchange on which registered** |
| Common Stock, $1.00 par value<br> LNN | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## **Item 2.02 Results of Operations and Financial Condition.** 
On June 26, 2025, Lindsay Corporation (the "Company") issued a press release announcing the Company's results of operations for its third quarter ended May 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1.

In addition, a copy of the slide presentation to be used during the Company's fiscal 2025 third quarter investor conference call at 11:00 a.m. Eastern Time on June 26, 2025 is furnished herewith as Exhibit 99.2.

## **Item 9.01 Financial Statements and Exhibits.** 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[<u>99.1 Earnings Press Release, dated June 26, 2025, issued by the Company</u>](lnn-ex99_1.htm).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[<u>99.2 Slide Presentation for Fiscal 2025 Third Quarter Investor Conference Call on June 26, 2025</u>](lnn-ex99_2.htm).

## 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
In accordance with General Instruction B.2 of Form 8-K, the information contained in Item 2.02 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 relating to Item 2.02 and attached hereto, is being "furnished" and, as such, shall not be deemed to be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | LINDSAY CORPORATION |
| Date: | June 26, 2025 | By:  | /s/ Brian L. Ketcham |
|  |  |  | Brian L. Ketcham, Senior Vice President and Chief Financial Officer |

---

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## Exhibit 99.1

q

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>![img247434937_0.jpg](img247434937_0.jpg) | &nbsp;&nbsp; **Exhibit 99.1** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836 |

---

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**Lindsay Corporation Reports Third Quarter Fiscal 2025 Results**

*Double digit increases in revenue and operating income supported by growth in both segments*

OMAHA, Neb., June 26, 2025—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its third quarter ended May 31, 2025.

**Key Highlights** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•International irrigation revenues increase 60 percent led by project volume in the Middle East and North Africa (MENA) region

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•North America irrigation revenues increase slightly despite challenging market dynamics

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Infrastructure revenues increase 6 percent on higher sales volumes of road safety products

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Operating income increase of 19 percent driven by revenue growth and solid operational execution

"Continued strength in our international irrigation business, supported by ongoing project revenues in the MENA region, led to strong irrigation revenue growth for the quarter and a 22 percent increase in our overall revenues compared to last year," said Randy Wood, President and Chief Executive Officer. "North America irrigation revenues were up slightly in the quarter, demonstrating resilience despite increased market uncertainty related to tariffs and potential disruption of U.S. grain exports. In Brazil, our sales volumes improved compared to the prior year as market conditions continue to show incremental signs of improvement. Infrastructure revenues were also higher than the prior year as we enter road construction season in North America."

Wood continued, "I am pleased with the continued solid execution of our large irrigation project in the MENA region and the performance of our operations and supply chain teams globally. Our teams have adapted well in this dynamic environment in order to mitigate potential tariff impacts to our material costs while prioritizing safe and efficient operations. We also continue to leverage our global footprint to minimize potential impacts to the business from tariffs or trade disruptions and expect to pass through any unmitigated cost increases through pricing actions."

**Third Quarter Summary**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Consolidated Financial Summary** | **Third Quarter** | **Third Quarter** | **Third Quarter** | **Third Quarter** |
| (dollars in millions, except per share amounts) | **FY2025** | **FY2024** | **$ Change** | **% Change** |
| Total revenues | $169.5 | $139.2 | $30.3 | 22% |
| Operating income | $23.8 | $19.9 | $3.9 | 19% |
| Operating margin | 14.0% | 14.3% |  |  |
| Net earnings | $19.5 | $20.4 | ($0.9) | (4%) |
| Diluted earnings per share | $1.78 | $1.85 | ($0.07) | (4%) |

---

Revenues for the third quarter of fiscal 2025 were $169.5 million, an increase of $30.3 million, or 22 percent, compared to revenues of $139.2 million in the prior year. Revenues grew in both the irrigation and infrastructure segments.

Operating income for the third quarter of fiscal 2025 was $23.8 million, an increase of $3.9 million, or 19 percent, compared to operating income of $19.9 million in the prior year. Operating margin was 14.0 percent of sales, compared to 14.3 percent of sales in the prior year. The increase in operating income resulted primarily from higher revenues while a less favorable margin mix of revenues contributed to a slight reduction in operating margin.

Net earnings for the third quarter of fiscal 2025 were $19.5 million, a decrease of $0.9 million, or 4 percent, compared with net earnings of $20.4 million in the prior year. Diluted earnings per share for the quarter of $1.78 reflected a decrease of 4 percent compared with $1.85 in the prior year. The year-over-year decrease in net earnings resulted primarily from the recognition of a one-time income tax credit in the prior year of $4.8 million, or $0.44 per diluted share.

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**Third Quarter Segment Results** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Irrigation Segment** | **Third Quarter** | **Third Quarter** | **Third Quarter** | **Third Quarter** |
| (dollars in millions) | **FY2025** | **FY2024** | **$ Change** | **% Change** |
| Revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;North America | $69.1 | $68.2 | $0.8 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;International | $74.7 | $46.6 | $28.1 | 60% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenues | $143.7 | $114.8 | $28.9 | 25% |
| Operating income | $27.2 | $19.5 | $7.6 | 39% |
| Operating margin | 18.9% | 17.0% |  |  |

---

Irrigation segment revenues for the third quarter of fiscal 2025 were $143.7 million, an increase of $28.9 million, or 25 percent, compared to $114.8 million in the prior year. North America irrigation revenues of $69.1 million increased $0.8 million, or 1 percent, compared to the prior year. Unit sales volume of irrigation equipment was comparable to the prior year while average selling prices were up slightly. This increase was partially offset by the impact of slightly shorter machines, on average, compared to the prior year.

International irrigation revenues for the third quarter of fiscal 2025 of $74.7 million increased $28.1 million, or 60 percent, compared to the prior year. The majority of the increase resulted from revenues related to the large project in the MENA region, further supported by higher sales volumes in Brazil and other parts of South America. These increases were partially offset by the unfavorable effects of foreign currency translation of approximately $2.5 million compared to the prior year.

Irrigation segment operating income for the third quarter of fiscal 2025 was $27.2 million, an increase of $7.6 million, or 39 percent, compared to the prior year. Operating margin was 18.9 percent of sales, compared to 17.0 percent of sales in the prior year. Increased operating income and improved operating margin resulted primarily from higher revenues and from the positive leverage of fixed operating expenses. These increases were partially offset by some operating margin dilution resulting from a larger percentage of project revenues compared to the prior year.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Infrastructure Segment** | **Third Quarter** | **Third Quarter** | **Third Quarter** | **Third Quarter** |
| (dollars in millions) | **FY2025** | **FY2024** | **$ Change** | **% Change** |
| Total revenues | $25.7 | $24.4 | $1.4 | 6% |
| Operating income | $5.4 | $6.3 | ($0.9) | (14%) |
| Operating margin | 21.1% | 25.8% |  |  |

---

Infrastructure segment revenues for the third quarter of fiscal 2025 were $25.7 million, an increase of $1.4 million, or 6 percent, compared to $24.4 million in the prior year. The increase was primarily driven by higher sales volumes of road safety products while Road Zipper System™ sales and lease revenues were comparable to the prior year.

Infrastructure segment operating income for the third quarter of fiscal 2025 was $5.4 million, a decrease of $0.9 million, or 14 percent, compared to $6.3 million in the prior year. Operating margin was 21.1 percent of sales, compared to 25.8 percent of sales in the prior year. Lower operating income and operating margin resulted primarily from a less favorable margin mix of Road Zipper System™ revenues compared to the prior year.

The backlog of unfilled orders as of May 31, 2025, was $117.1 million compared with $205.9 million as of May 31, 2024. Included in these backlogs are amounts of $12.3 million and $62.0 million, respectively, for orders that are not expected to be fulfilled within the subsequent 12 months. The decrease in backlog is primarily attributed to the completion of deliveries relating to the large irrigation project in the MENA region over the Company's past four fiscal quarters.

**Outlook**

Mr. Wood concluded, "We are now in the growing season in North America, when weather conditions will influence crop yields, production estimates and ultimately the direction of crop prices and net farm income for the year. We expect demand in our North America irrigation business to remain tempered until the outlook for net farm income improves. Severe drought conditions have begun to develop in certain parts of the Midwest which may provide a catalyst for incremental sales of replacement parts in the near-term. In Brazil, market conditions are improving; however, elevated interest rates and credit constraints continue to weigh on customers' ability to invest in capital purchases. Elsewhere in international irrigation markets, we remain confident and encouraged regarding project opportunities to address the food security needs of developing markets."

------

**Third Quarter Conference Call**

Lindsay's fiscal 2025 third quarter investor conference call is scheduled for 11:00 a.m. Eastern Time today. Interested investors may participate in the call by dialing (833) 535-2202 in the U.S., or (412) 902-6745 internationally, and requesting the Lindsay Corporation call. Additionally, the conference call will be simulcast live on the internet and can be accessed via the investor relations section of the Company's website, www.lindsay.com. Replays of the conference call will remain on our website through the next quarterly earnings release. The Company will have a slide presentation available to augment management's formal presentation, which will also be accessible via the Company's website.

**About the Company**

Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world's rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic™ center pivot and lateral move agricultural irrigation systems, FieldNET™ and FieldWise™ remote irrigation management technology, FieldNET Advisor™ irrigation scheduling technology, and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world's roads, bridges and tunnels, through the Barrier Systems™, Road Zipper™ and Snoline™ brands. For more information about Lindsay Corporation, visit www.lindsay.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 and planned financing 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.*

**For further information, contact:**

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| | |
|:---|:---|
| &nbsp;&nbsp;**LINDSAY CORPORATION:** | &nbsp;&nbsp;**Alpha IR:** |
| &nbsp;&nbsp;Alicia Pfeifer | &nbsp;&nbsp;Joe Caminiti or Stephen Poe |
| &nbsp;&nbsp;Vice President, Investor Relations & Treasury | &nbsp;&nbsp;312-445-2870 |
| &nbsp;&nbsp;402-933-6429 | &nbsp;&nbsp;LNN@alpha-ir.com  |
| &nbsp;&nbsp;Alicia.Pfeifer@lindsay.com |  |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** |
| **CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS** | **CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS** | **CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS** | **CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS** | **CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
|  | **Three months ended** | **Three months ended** | **Nine months ended** | **Nine months ended** |
| **(in thousands, except per share amounts)** | **May 31,<br>2025** | **May 31,<br>2024** | **May 31,<br>2025** | **May 31,<br>2024** |
| Operating revenues | 169464 | 139199 | 522809 | 452076 |
| Cost of operating revenues | 115842 | 92702 | 356734 | 306720 |
| Gross profit | 53622 | 46497 | 166075 | 145356 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;Selling expense | 10217 | 9579 | 31278 | 28894 |
| &nbsp;&nbsp;General and administrative expense | 14903 | 12695 | 45263 | 40823 |
| &nbsp;&nbsp;Engineering and research expense | 4709 | 4287 | 12735 | 12531 |
| Total operating expenses | 29829 | 26561 | 89276 | 82248 |
| Operating income | 23793 | 19936 | 76799 | 63108 |
| Other income (expense): |  |  |  |  |
| &nbsp;&nbsp;Interest expense | (345) | (767) | (1498) | (2474) |
| &nbsp;&nbsp;Interest income | 2242 | 961 | 5330 | 3324 |
| &nbsp;&nbsp;Other income (expense), net | 24 | 43 | 330 | (93) |
| Total other income (expense) | 1921 | 237 | 4162 | 757 |
| Earnings before income taxes | 25714 | 20173 | 80961 | 63865 |
| Income tax expense (benefit) | 6214 | (206) | 17722 | 10344 |
| Net earnings | $19500 | $20379 | $63239 | $53521 |
| Earnings per share: |  |  |  |  |
| Basic | 1.80 | 1.85 | 5.82 | 4.86 |
| Diluted | 1.78 | 1.85 | 5.79 | 4.84 |
| Shares used in computing earnings per share: |  |  |  |  |
| Basic | 10862 | 10996 | 10860 | 11016 |
| Diluted | 10931 | 11030 | 10915 | 11055 |
| Cash dividends declared per share | 0.36 | 0.35 | 1.08 | 1.05 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** |
| **SUMMARY OPERATING RESULTS** | **SUMMARY OPERATING RESULTS** | **SUMMARY OPERATING RESULTS** | **SUMMARY OPERATING RESULTS** | **SUMMARY OPERATING RESULTS** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
|  | **Three months ended** | **Three months ended** | **Nine months ended** | **Nine months ended** |
| **(in thousands)** | **May 31,<br>2025** | **May 31,<br>2024** | **May 31,<br>2025** | **May 31,<br>2024** |
| Operating revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Irrigation: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;North America | 69082 | 68235 | 223793 | 240457 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 74663 | 46605 | 215178 | 147569 |
| &nbsp;&nbsp;&nbsp;&nbsp;Irrigation total | 143745 | 114840 | 438971 | 388026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Infrastructure | 25719 | 24359 | 83838 | 64050 |
| Total operating revenues | $169464 | $139199 | $522809 | $452076 |
| Operating income: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Irrigation | 27154 | 19524 | 79266 | 70480 |
| &nbsp;&nbsp;&nbsp;&nbsp;Infrastructure | 5426 | 6276 | 22806 | 13401 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | (8787) | (5864) | (25273) | (20773) |
| Total operating income | $23793 | $19936 | $76799 | $63108 |

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The Company manages its business activities in two reportable segments as follows:

*Irrigation* – This reporting segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems and large diameter steel tubing, as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, remote irrigation management and scheduling technology, irrigation consulting and design and industrial IoT solutions.

*Infrastructure* – This reporting segment includes the manufacture and marketing of movable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment.

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| | | | |
|:---|:---|:---|:---|
| **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** |
| **CONDENSED CONSOLIDATED BALANCE SHEETS** | **CONDENSED CONSOLIDATED BALANCE SHEETS** | **CONDENSED CONSOLIDATED BALANCE SHEETS** | **CONDENSED CONSOLIDATED BALANCE SHEETS** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| **(in thousands)** | **May 31,<br>2025** | **May 31,<br>2024** | **August 31,<br>2024** |
| ASSETS |  |  |  |
| Current assets: |  |  |  |
| &nbsp;&nbsp;Cash and cash equivalents | $196117 | $140221 | $190879 |
| &nbsp;&nbsp;Marketable securities | 14676 | 12497 |  |
| &nbsp;&nbsp;Receivables, net | 147848 | 134461 | 116601 |
| &nbsp;&nbsp;Inventories, net | 150462 | 171522 | 154453 |
| &nbsp;&nbsp;Other current assets | 38143 | 30017 | 31279 |
| Total current assets | 547246 | 488718 | 493212 |
| Property, plant, and equipment, net | 130611 | 111629 | 112815 |
| Intangibles, net | 23703 | 25644 | 25366 |
| Goodwill | 84304 | 84102 | 84194 |
| Operating lease right-of-use assets | 16899 | 16308 | 15693 |
| Deferred income tax assets | 18945 | 13367 | 14431 |
| Equity method investment | 8337 |  |  |
| Other noncurrent assets | 10818 | 18333 | 14521 |
| Total assets | $840863 | $758101 | $760232 |
| LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |
| Current liabilities: |  |  |  |
| &nbsp;&nbsp;Accounts payable | $47000 | $35062 | $37417 |
| &nbsp;&nbsp;Current portion of long-term debt | 232 | 229 | 228 |
| &nbsp;&nbsp;Other current liabilities | 103012 | 88446 | 88171 |
| Total current liabilities | 150244 | 123737 | 125816 |
| Pension benefits liabilities | 3979 | 4159 | 4167 |
| Long-term debt | 114856 | 115029 | 114994 |
| Operating lease liabilities | 16572 | 16134 | 15541 |
| Deferred income tax liabilities | 693 | 682 | 678 |
| Other noncurrent liabilities | 25743 | 18364 | 18143 |
| Total liabilities | 312087 | 278105 | 279339 |
| Shareholders' equity: |  |  |  |
| &nbsp;&nbsp;Preferred stock |  |  |  |
| &nbsp;&nbsp;Common stock | 19162 | 19123 | 19124 |
| &nbsp;&nbsp;Capital in excess of stated value | 110523 | 102752 | 104369 |
| &nbsp;&nbsp;Retained earnings | 738598 | 678261 | 687093 |
| &nbsp;&nbsp;Less treasury stock - at cost | (302367) | (295138) | (299692) |
| &nbsp;&nbsp;Accumulated other comprehensive loss, net | (37140) | (25002) | (30001) |
| &nbsp;&nbsp;Total shareholders' equity | 528776 | 479996 | 480893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $840863 | $758101 | $760232 |

---

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| | | |
|:---|:---|:---|
| **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** |
| **CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** | **CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** | **CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
|  | **Nine months ended** | **Nine months ended** |
| **(in thousands)** | **May 31, 2025** | **May 31, 2024** |
| CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
| &nbsp;&nbsp;Net earnings | 63239 | 53521 |
| &nbsp;&nbsp;Adjustments to reconcile net earnings to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 15707 | 15847 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for uncollectible accounts receivable | 1238 | 321 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | (2386) | (2504) |
| &nbsp;&nbsp;&nbsp;&nbsp;Share-based compensation expense | 5971 | 4887 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized foreign currency transaction (gain) loss | (629) | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other, net | (2493) | 237 |
| &nbsp;&nbsp;Changes in assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivables | (32512) | 8107 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | 3857 | (17118) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current assets | (3390) | (9768) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 10010 | (8592) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | 6006 | (5539) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noncurrent assets and liabilities | 4256 | 3193 |
| &nbsp;&nbsp;Net cash provided by operating activities | 68874 | 42650 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
| &nbsp;&nbsp;Purchases of property, plant, and equipment | (28251) | (23527) |
| &nbsp;&nbsp;Purchases of marketable securities | (14676) | (15042) |
| &nbsp;&nbsp;Proceeds from maturities of marketable securities |  | 8320 |
| &nbsp;&nbsp;Purchase of equity method investment | (5815) |  |
| &nbsp;&nbsp;Proceeds from settlement of net investment hedge | 835 |  |
| &nbsp;&nbsp;Payments for settlement of net investment hedge | (98) |  |
| &nbsp;&nbsp;Other investing activities, net | (438) | (2140) |
| &nbsp;&nbsp;Net cash used in investing activities | (48443) | (32389) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
| &nbsp;&nbsp;Dividends paid | (11734) | (11557) |
| &nbsp;&nbsp;Common stock withheld for payroll tax obligations | (1450) | (1575) |
| &nbsp;&nbsp;Repurchase of common shares | (2675) | (17900) |
| &nbsp;&nbsp;Proceeds from exercise of stock options | 1194 | 479 |
| &nbsp;&nbsp;Other financing activities, net | 306 | 313 |
| &nbsp;&nbsp;Net cash used in financing activities | (14359) | (30240) |
| &nbsp;&nbsp;Effect of exchange rate changes on cash and cash equivalents | (834) | (555) |
| &nbsp;&nbsp;Net change in cash and cash equivalents | 5238 | (20534) |
| &nbsp;&nbsp;Cash and cash equivalents, beginning of period | 190879 | 160755 |
| &nbsp;&nbsp;Cash and cash equivalents, end of period | $196117 | $140221 |

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## Exhibit 99.2

![Slide 1](lnn-ex99_2s1.jpg)

3rd Quarter Fiscal 2025 Earnings Presentation Exhibit 99.2

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![Slide 2](lnn-ex99_2s2.jpg)

Safe-Harbor Statement© 2025 Lindsay Corporation This presentation 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, financial results and planned financing. 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. Investors should understand that a number of factors could cause future economic and industry conditions and the Company's actual financial condition and results of operations to differ materially from management's beliefs expressed in the forward-looking statements contained in this presentation. These factors include those outlined in the "Risk Factors" section of the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commission, and investors are urged to review these factors when considering the forward-looking statements contained in this presentation. 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. For additional financial statement information, please see the Company's earnings release dated June 26, 2025.

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![Slide 3](lnn-ex99_2s3.jpg)© 2025 Lindsay Corporation Key Highlights International irrigation revenues increase 60 percent led by project volume in the Middle East and North Africa (MENA) region North America irrigation revenues increase slightly despite challenging market dynamics Infrastructure revenues increase 6 percent on higher sales volume of road safety products Operating income increase of 19 percent driven by revenue growth and solid operational execution

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![Slide 4](lnn-ex99_2s4.jpg)

Third Quarter Summary© 2025 Lindsay Corporation Revenues increased $30.3 million, or 22 percent, compared to the prior year Irrigation increased $28.9 million Infrastructure increased $1.4 million Operating income increased $3.9 million, or 19 percent, compared to the prior year Diluted earnings per share decreased $0.07 per share, or 4 percent, compared to the prior year Prior year included recognition of a one-time income tax credit of $0.44 per share +22% +19% -4% Revenue Operating Income (with operating margin) Diluted EPS

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![Slide 5](lnn-ex99_2s5.jpg)

Irrigation – Current Market Factors In February, the USDA estimated 2025 U.S. net farm income to be $180.1 billion, an increase of 29 percent from 2024 U.S. net farm income of $139.1 billion The projected increase is based mainly on higher government support payments Cash receipts for crops are projected to decline by 2 percent A March USDA report showed 53 percent of U.S. corn areas in some phase of drought (compared to 24 percent in 2024) Tariff and global trade questions create uncertainty in the market The Brazil market is showing signs of improvement A beneficiary of U.S. / China trade policies Interest rates and credit availability are inhibitors to growth Project opportunities in developing international markets continue to be robust, driven by secular megatrends of food security and water conservation© 2025 Lindsay Corporation

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![Slide 6](lnn-ex99_2s6.jpg)

Irrigation Segment – Third Quarter Summary© 2025 Lindsay Corporation North America revenue of $69.1 million increased 1 percent Unit sales volume comparable to the prior year Average selling prices were up slightly compared to the prior year Revenue unfavorably impacted by slightly shorter machines Unit sales volume breakdown by category: Replacement 53%, Conversion 27%, Dryland 20% International revenue of $74.7 million increased 60 percent Higher revenues related to the large project in the MENA region Higher unit sales volumes in Brazil and other parts of South America Unfavorable effects of foreign currency translation of $2.5 million Operating income of $27.2 million increased 39 percent Increase resulted primarily from higher revenues and improved operating margin from the positive leverage of fixed operating expenses. Larger percentage of international project revenues resulted in some dilution to operating margin compared to the prior year Revenue +39% +25% Operating Income (with operating margin) 6 $ in millions

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![Slide 7](lnn-ex99_2s7.jpg)

Infrastructure – Current Market Factors Infrastructure Investment and Jobs Act (IIJA) funding includes $110 billion in incremental federal funding for roads, bridges, and other transportation projects Inflation on material prices and labor costs have offset some of the impact of incremental funding Through May 2025, 56 percent of the IIJA funds have been committed to the states, and 36 percent of the funds have been reimbursed to the states The value of state and local government contract awards increased 9 percent year to date versus 2024 driven by bridges, tunnels and the rail sector The Road Zipper project pipeline continues to be actively managed; however, the timing of individual projects remains challenging to predict© 2025 Lindsay Corporation

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![Slide 8](lnn-ex99_2s8.jpg)

Infrastructure Segment – Third Quarter Summary© 2025 Lindsay Corporation Revenue of $25.7 million increased 6 percent Higher sales volume of road safety products Road Zipper System™ sales and lease revenues were comparable to the prior year Operating income of $5.4 million decreased 14 percent Lower operating income and operating margin resulted primarily from a less favorable margin mix of Road Zipper™ revenues compared to the prior year Revenue -14% Operating Income (with operating margin) +6% $ in millions

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![Slide 9](lnn-ex99_2s9.jpg)© 2025 Lindsay Corporation Ample Liquidity to Execute Capital Allocation Priorities $261M Available liquidity CurrentLiquidity 0.9x Gross Debt to EBITDA leverage Substantial Room to add Leverage No Near-TermDebt Maturities $115M Total Debt Matures in 2030

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![Slide 10](lnn-ex99_2s10.jpg)

Capital Allocation Priorities© 2025 Lindsay Corporation Working capital to support sales growth New product development Capacity and productivity investments Align with strategic growth priorities Leverage or add to existing capabilities Deliver return on invested capital Increase annual dividends Opportunistic share repurchase Support Growthand Profitability of Current Businesses Acquisitions Return Capitalto Shareholders

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![Slide 11](lnn-ex99_2s11.jpg)

Innovation Leadership: Addressing Global Megatrends© 2025 Lindsay Corporation Capitalizingon globalmegatrends Megatrends Innovation Leadership Innovative sustainable solutions for growers across the globe Mobilizing global populations safelyand sustainably Food Security Water Scarcity Land Availability Aging Infrastructure Mobility Safety Increased Safety Standards

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![Slide 12](lnn-ex99_2s12.jpg)

Strong Commitment to Sustainable Practices© 2025 Lindsay Corporation Our mission is to conserve natural resources, expand our world's potential, and enhance the quality of life for people. Investing in sustainable technologies Improving our operational footprint Empowering and protecting our people Engaging inour local communities Operatingwithintegrity

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![Slide 13](lnn-ex99_2s13.jpg)

Appendix© 2025 Lindsay Corporation

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![Slide 14](lnn-ex99_2s14.jpg)

U.S. Corn Prices Source: Trading Economics© 2025 Lindsay Corporation USD/BU

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![Slide 15](lnn-ex99_2s15.jpg)

U.S. Soybean Prices© 2025 Lindsay Corporation USD/BU Source: Trading Economics

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![Slide 16](lnn-ex99_2s16.jpg)

United States Drought Condition Source: US Drought Monitor, June 2024/2025 2024 2025© 2025 Lindsay Corporation

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![Slide 17](lnn-ex99_2s17.jpg)

Soybean Cash Price Index – Brazil Source:Cepea© 2025 Lindsay Corporation 2023 2024 2025 R$/bag

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![Slide 18](lnn-ex99_2s18.jpg)

Brazil Central Bank Interest Rate Source: Trading Economics\| Banco Central do Brasil© 2025 Lindsay Corporation Percent