# EDGAR Filing Document

**Accession Number:** 0000836157
**File Stem:** 0001193125-25-247621
**Filing Date:** 2025-10
**Character Count:** 41198
**Document Hash:** 4ccf09cdf8bd22afb21522e52cfac1fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-247621.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001193125-25-247621

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 32

**CONFORMED PERIOD OF REPORT**: 20251023

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**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:** 251411329

**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):** October 23, 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 October 23, 2025, Lindsay Corporation (the "Company") issued a press release announcing the Company's results of operations for its fourth quarter and fiscal year ended August 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 fourth quarter and year-end investor conference call at 11:00 a.m. Eastern Time on October 23, 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 October 23, 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 Fourth Quarter and Year-End Investor Conference Call on October 23, 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.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | LINDSAY CORPORATION |
| Date: | October 23, 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 Fourth Quarter and Fiscal Year 2025 Results**

*Double-digit annual revenue growth and record full-year earnings*

OMAHA, Neb., October 23, 2025—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its fourth quarter and fiscal year, which ended on August 31, 2025.

**Key Highlights** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Fourth Quarter:**

&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 increased 23 percent, led by growth in South America, the MENA region and Australia

&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 impacted by lower storm damage replacement demand and soft market conditions

&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 decreased 16 percent due to Road Zipper System™ project sales in the prior year that did not repeat

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Full-Year:**

&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;•Irrigation revenues increased 11 percent, led by growth in the MENA region and South America

&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 increased 16 percent, due to higher Road Zipper System project sales

&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;•Record net earnings and diluted earnings per share of $74.1 million and $6.78, respectively

&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;•Free cash flow generation reached 122 percent of net earnings

"In the fourth quarter, our international irrigation business continued to deliver strong growth, led by marked improvement in South America and further supported by an increase in project revenues in the Middle East and North Africa (MENA) region," said Randy Wood, President and Chief Executive Officer. "North America irrigation revenues were down in the quarter in line with expectations, primarily due to lower storm damage replacement activity, but also reflecting the challenging market conditions that persist. Infrastructure revenues were also lower in the quarter, due primarily to the timing of Road Zipper project sales compared to last year."

Wood continued, "I am very pleased with our ability to deliver strong full-year results with record net earnings and earnings per share despite challenging market conditions in North America irrigation. This, in addition to a 15 percent growth in operating income while delivering year-over-year improvement in operating margin, serves as a testament to the resiliency of our operating model and the execution-focused mindset of our teams globally. Our performance also illustrates the value of the geographic diversification of our business. Our operating performance, along with effective working capital management, resulted in strong free cash flow generation which further enhances our ability to continue funding growth investments in innovation and other long-term shareholder value creation opportunities."

**Fourth Quarter Summary**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Consolidated Financial Summary** | **Fourth Quarter** | **Fourth Quarter** | **Fourth Quarter** | **Fourth Quarter** |
| (dollars in millions, except per share amounts) | **FY 2025** | **FY 2024** | **$ Change** | **% Change** |
| Total revenues | $153.6 | $155.0 | ($1.4) | (1%) |
| Operating income | $11.3 | $13.5 | ($2.2) | (16%) |
| Operating margin | 7.4% | 8.7% |  |  |
| Net earnings | $10.8 | $12.7 | ($1.9) | (15%) |
| Earnings per share | $0.99 | $1.17 | ($0.18) | (15%) |

---

Revenues for the fourth quarter of fiscal 2025 were $153.6 million, a decrease of $1.4 million, or 1 percent, compared to revenues of $155.0 million in the prior year. Higher international irrigation revenues were offset by lower revenues in both North America irrigation and the infrastructure segment compared to the prior year.

Operating income for the fourth quarter of fiscal 2025 was $11.3 million, a decrease of $2.2 million, or 16 percent, compared to operating income of $13.5 million in the prior year. Operating margin was 7.4 percent of sales, compared to

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8.7 percent of sales in the prior year. The decrease in operating income and operating margin resulted from lower revenues and a less favorable margin mix of revenues compared to the prior year.

Net earnings for the fourth quarter of fiscal 2025 were $10.8 million, a decrease of $1.9 million, or 15 percent, compared with net earnings of $12.7 million in the prior year. Diluted earnings per share for the quarter of $0.99 reflected a decrease of 15 percent compared with diluted earnings per share of $1.17 in the prior year. The year-over-year decrease in net earnings resulted from lower operating income and a higher effective tax rate that was partially offset by higher other income compared to the prior year.

**Fourth Quarter Segment Results** 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Irrigation Segment** | **Fourth Quarter** | **Fourth Quarter** | **Fourth Quarter** | **Fourth Quarter** |
| (dollars in millions) | **FY 2025** | **FY 2024** | **$ Change** | **% Change** |
| Revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;North America | $50.0 | $61.7 | ($11.6) | (19%) |
| &nbsp;&nbsp;&nbsp;&nbsp;International | $79.0 | $64.2 | $14.8 | 23% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenues | $129.0 | $125.9 | $3.2 | 3% |
| Operating income | $17.7 | $17.1 | $0.6 | 4% |
| Operating margin | 13.7% | 13.6% |  |  |

---

Irrigation segment revenues for the fourth quarter of fiscal 2025 were $129.0 million, an increase of $3.2 million, or 3 percent, compared to $125.9 million in the prior year. North America irrigation revenues of $50.0 million decreased $11.6 million, or 19 percent, compared to the prior year. The decrease in revenues resulted primarily from lower unit sales volume while average selling prices were up slightly compared to the prior year. Lower unit sales volume in the current quarter was due primarily to less storm damage replacement demand compared to the prior year, along with soft market conditions.

International irrigation revenues for the fourth quarter of fiscal 2025 of $79.0 million increased $14.8 million, or 23 percent, compared to the prior year. The increase resulted from higher sales volumes in South America, the MENA region and Australia. The impact of foreign currency translation on revenues was minimal compared to the prior year.

Irrigation segment operating income for the fourth quarter of fiscal 2025 was $17.7 million, an increase of $0.6 million, or 4 percent, compared to the prior year. Operating margin was 13.7 percent of sales, compared to 13.6 percent of sales in the prior year. Increased operating income resulted primarily from higher revenues and the positive leverage of fixed operating expenses compared to the prior year.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Infrastructure Segment** | **Fourth Quarter** | **Fourth Quarter** | **Fourth Quarter** | **Fourth Quarter** |
| (dollars in millions) | **FY 2025** | **FY 2024** | **$ Change** | **% Change** |
| Total revenues | $24.5 | $29.1 | ($4.6) | (16%) |
| Operating income | $3.5 | $5.6 | ($2.1) | (37%) |
| Operating margin | 14.4% | 19.2% |  |  |

---

Infrastructure segment revenues for the fourth quarter of fiscal 2025 were $24.5 million, a decrease of $4.6 million, or 16 percent, compared to $29.1 million in the prior year. The decrease was primarily driven by lower Road Zipper System™ sales and lease revenues while sales of road safety products were slightly higher compared to the prior year. The prior year fourth quarter included Road Zipper System project sales that did not repeat in the current year.

Infrastructure segment operating income for the fourth quarter of fiscal 2025 was $3.5 million, a decrease of $2.1 million, or 37 percent, compared to $5.6 million in the prior year. Operating margin was 14.4 percent of sales, compared to 19.2 percent of sales in the prior year. Lower operating income and operating margin resulted from lower revenue and a less favorable margin mix of revenues compared to the prior year.

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**Full-Year Summary**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Consolidated Financial Summary** | **Full-Year** | **Full-Year** | **Full-Year** | **Full-Year** |
| (dollars in millions, except per share amounts) | **FY 2025** | **FY 2024** | **$ Change** | **% Change** |
| Total revenues | $676.4 | $607.1 | $69.3 | 11% |
| Operating income | $88.1 | $76.6 | $11.5 | 15% |
| Operating margin | 13.0% | 12.6% |  |  |
| Net earnings | $74.1 | $66.3 | $7.8 | 12% |
| Earnings per share | $6.78 | $6.01 | $0.77 | 13% |

---

Revenues for fiscal 2025 were $676.4 million, an increase of $69.3 million, or 11 percent, compared to revenues of $607.1 million in the prior year. Irrigation revenues increased $54.1 million primarily due to project sales in the MENA region and higher sales volume in Brazil and other parts of South America. These increases were partially offset by lower revenues in North America. Infrastructure revenues increased $15.2 million, primarily due to higher Road Zipper System project sales and higher sales of road safety products, while Road Zipper System lease revenues were slightly lower compared to the prior year.

Operating income for fiscal 2025 was $88.1 million, an increase of $11.5 million, or 15 percent, compared to operating income of $76.6 million in the prior year. Operating margin was 13.0 percent of sales, compared to 12.6 percent of sales in the prior year. The increase in operating income resulted primarily from higher revenues in both segments. Infrastructure segment operating margin increased due to a more favorable margin mix of higher Road Zipper System revenues while irrigation segment operating margin was comparable to the prior year.

Net earnings for fiscal 2025 were $74.1 million an increase of $7.8 million or 12 percent compared to net earnings of $66.3 million in the prior year. Diluted earnings per share for fiscal 2025 of $6.78 reflects an increase of 13 percent compared to $6.01, in the prior year. The increase in net earnings resulted from higher operating income and higher other income compared to the prior year. These increases were partially offset by the impact of a higher effective tax rate compared to the prior year.

The backlog of unfilled orders as of August 31, 2025, was $110.7 million compared with $180.9 million on August 31, 2024. Included in these backlogs are amounts of $9.8 million and $36.5 million, respectively, for orders not expected to be fulfilled within the subsequent twelve months. The decrease in backlog is primarily attributed to deliveries relating to a large irrigation project in the MENA region during fiscal 2025.

**Outlook**

Mr. Wood concluded, "Favorable weather conditions across much of the U.S. this growing season are expected to boost grain production and supply, keeping pressure on commodity prices. The effect of trade disruptions with major buyers of U.S. farm commodities could also negatively impact demand and thus commodity prices. We expect demand for irrigation equipment in North America to remain tempered until the outlook for commodity prices and farm income improves. In Brazil, demand for irrigation equipment remains stable and we expect to see continued growth for our business but high interest rates and the ongoing credit constraints remain as headwinds. In developing international irrigation markets we remain optimistic regarding additional growth opportunities with projects under development."

"In our infrastructure business, we expect to see continued stable growth in Road Zipper System leasing and road safety products. The Road Zipper System project sales funnel remains active, but we do not anticipate a large project being realized in fiscal 2026."

**Fourth Quarter Conference Call**

Lindsay's fiscal 2025 fourth 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.

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**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 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 August 31,** | **Three Months Ended August 31,** | **Years Ended August 31,** | **Years Ended August 31,** |
| **(in thousands, except per share amounts)** | **2025** | **2024** | **2025** | **2024** |
| Operating revenues | 153559 | 154998 | 676368 | 607074 |
| Cost of operating revenues | 108854 | 109299 | 465588 | 416019 |
| Gross profit | 44705 | 45699 | 210780 | 191055 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;Selling expense | 10462 | 11011 | 41740 | 39905 |
| &nbsp;&nbsp;General and administrative expense | 17723 | 16596 | 62986 | 57419 |
| &nbsp;&nbsp;Engineering and research expense | 5195 | 4592 | 17930 | 17123 |
| Total operating expenses | 33380 | 32199 | 122656 | 114447 |
| Operating income | 11325 | 13500 | 88124 | 76608 |
| Other income (expense): |  |  |  |  |
| &nbsp;&nbsp;Interest expense | (335) | (760) | (1833) | (3234) |
| &nbsp;&nbsp;Interest income | 2388 | 1865 | 7718 | 5189 |
| &nbsp;&nbsp;Other expense, net | 244 | 580 | 574 | 487 |
| Total other income | 2297 | 1685 | 6459 | 2442 |
| Earnings before income taxes | 13622 | 15185 | 94583 | 79050 |
| Income tax expense | 2809 | 2449 | 20531 | 12793 |
| Net earnings | $10813 | $12736 | $74052 | $66257 |
| Earnings per share: |  |  |  |  |
| Basic | 1.00 | 1.18 | 6.82 | 6.04 |
| Diluted | 0.99 | 1.17 | 6.78 | 6.01 |
| Shares used in computing earnings per share: |  |  |  |  |
| Basic | 10857 | 10859 | 10859 | 10976 |
| Diluted | 10928 | 10903 | 10918 | 11017 |
| Cash dividends declared per share | 0.37 | 0.36 | 1.45 | 1.41 |

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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 August 31,** | **Three Months Ended August 31,** | **Years Ended August 31,** | **Years Ended August 31,** |
| **(in thousands)** | **2025** | **2024** | **2025** | **2024** |
| Operating revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Irrigation: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;North America | 50046 | 61691 | 273839 | 302148 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 78983 | 64179 | 294161 | 211748 |
| &nbsp;&nbsp;&nbsp;&nbsp;Irrigation total | 129029 | 125870 | 568000 | 513896 |
| &nbsp;&nbsp;&nbsp;&nbsp;Infrastructure | 24530 | 29128 | 108368 | 93178 |
| Total operating revenues | $153559 | $154998 | $676368 | $607074 |
| Operating income: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Irrigation | 17697 | 17067 | 96963 | 87547 |
| &nbsp;&nbsp;&nbsp;&nbsp;Infrastructure | 3533 | 5594 | 26339 | 18995 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | (9905) | (9161) | (35178) | (29934) |
| Total operating income | $11325 | $13500 | $88124 | $76608 |

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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, repair and replacement parts for irrigation systems and controls, 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, road marking and road safety equipment, railroad signals and structures, and technology to monitor critical safety infrastructure on roadways.

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| | | |
|:---|:---|:---|
| **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** | **LINDSAY CORPORATION AND SUBSIDIARIES** |
| **CONDENSED CONSOLIDATED BALANCE SHEETS** | **CONDENSED CONSOLIDATED BALANCE SHEETS** | **CONDENSED CONSOLIDATED BALANCE SHEETS** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| **(in thousands)** | **August 31,<br>2025** | **August 31,<br>2024** |
| ASSETS |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;Cash and cash equivalents | 250575 | 190879 |
| &nbsp;&nbsp;Receivables, net of allowance of $6,089 and $5,151, respectively | 113027 | 116601 |
| &nbsp;&nbsp;Inventories, net | 136859 | 154453 |
| &nbsp;&nbsp;Other current assets | 32303 | 31279 |
| Total current assets | 532764 | 493212 |
| Property, plant, and equipment, net | 142307 | 112815 |
| Intangible assets, net | 23331 | 25366 |
| Goodwill | 84459 | 84194 |
| Operating lease right-of-use assets | 18096 | 15693 |
| Deferred income tax assets | 19525 | 14431 |
| Equity method investment | 8763 |  |
| Other noncurrent assets | 11591 | 14521 |
| Total assets | $840836 | $760232 |
| LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |
| &nbsp;&nbsp;Current liabilities: |  |  |
| &nbsp;&nbsp;Accounts payable | 48670 | 37417 |
| &nbsp;&nbsp;Current portion of long-term debt | 233 | 228 |
| &nbsp;&nbsp;Other current liabilities | 94689 | 88171 |
| Total current liabilities | 143592 | 125816 |
| Pension benefits liabilities | 3418 | 4167 |
| Long-term debt | 114810 | 114994 |
| Operating lease liabilities | 17354 | 15541 |
| Deferred income tax liabilities | 1024 | 678 |
| Other noncurrent liabilities | 27788 | 18143 |
| Total liabilities | 307986 | 279339 |
| Shareholders' equity: |  |  |
| &nbsp;&nbsp;Preferred stock |  |  |
| &nbsp;&nbsp;Common stock | 19167 | 19124 |
| &nbsp;&nbsp;Capital in excess of stated value | 113042 | 104369 |
| &nbsp;&nbsp;Retained earnings | 745397 | 687093 |
| &nbsp;&nbsp;Less treasury stock - at cost, 8,363 and 8,277 shares, respectively | (311224) | (299692) |
| &nbsp;&nbsp;Accumulated other comprehensive loss, net | (33532) | (30001) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity | 532850 | 480893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $840836 | $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)** |
|  | **Years Ended August 31,** | **Years Ended August 31,** |
| **($ in thousands)** | **2025** | **2024** |
| CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
| Net earnings | 74052 | 66257 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 20896 | 21200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for uncollectible accounts receivable | 1725 | 694 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | (1433) | (3895) |
| &nbsp;&nbsp;&nbsp;&nbsp;Share-based compensation expense | 8059 | 6392 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currency transaction loss | (718) | (971) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other, net | (2669) | 450 |
| Changes in assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivables | 3448 | 23478 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | 19090 | (765) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current assets | (784) | (9543) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 11115 | (5958) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | (4422) | (8200) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other noncurrent assets and liabilities | 4551 | 6622 |
| Net cash provided by operating activities | 132910 | 95761 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of property, plant and equipment | (42496) | (28979) |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of marketable securities available-for-sale | (14676) | (18831) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from maturities of marketable securities available-for-sale | 15000 | 24633 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase of equity method investment | (5813) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from settlement of net investment hedge | 835 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Payments for settlement of net investment hedge | (98) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other investing activities, net | (1326) | (2764) |
| Net cash used in investing activities | (48574) | (25941) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends paid | (15748) | (15461) |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase of common shares | (11532) | (22454) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from exercise of stock options | 1507 | 479 |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock withheld for payroll tax obligations | (1450) | (1575) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other financing activities, net | 372 | 370 |
| Net cash used in financing activities | (26851) | (38641) |
| &nbsp;&nbsp;&nbsp;&nbsp;Effect of exchange rate changes on cash and cash equivalents | 2211 | (1055) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net change in cash and cash equivalents | 59696 | 30124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents, beginning of period | 190879 | 160755 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents, end of period | $250575 | $190879 |

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## Exhibit 99.2

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

4th 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 October 23, 2025.

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![Slide 3](lnn-ex99_2s3.jpg)© 2025 Lindsay Corporation Key Highlights for Fiscal 2025 Double digit revenue and operating income growth in both Irrigation and Infrastructure International irrigation revenues exceed North America irrigation revenues for the first time in Company history, primarily driven by project sales in the MENA region Infrastructure results were the second best in Company history Record net earnings and earnings per share Free cash flow generation reached 122 percent of net earnings

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

Fourth Quarter Summary© 2025 Lindsay Corporation Revenues decreased $1.4 million, or 1 percent, compared to the prior year Irrigation increased $3.2 million Infrastructure decreased $4.6 million Operating income decreased $2.2 million, or 16 percent, compared to the prior year Diluted earnings per share decreased $0.18 per share, or 15 percent, compared to the prior year -1% -16% -15% Revenue Operating Income (with operating margin) Diluted EPS $ in millions

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

Fiscal 2025 Summary© 2025 Lindsay Corporation Revenues increased $69.3 million, or 11 percent, compared to the prior year Irrigation increased $54.1 million Infrastructure increased $15.2 million Operating income increased $11.5 million, or 15 percent, compared to the prior year Diluted earnings per share increased $0.77 per share, or 13 percent, compared to the prior year +11% +15% +13% Revenue Operating Income (with operating margin) Diluted EPS $ in millions

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

Irrigation – Current Market Factors© 2025 Lindsay Corporation In September, the USDA estimated 2025 U.S. net farm income to be $179.8 billion, an increase of 41 percent from 2024 U.S. net farm income of $127.8 billion The projected increase is based mainly on higher government support payments Cash receipts for crops are projected to decline by 3 percent while cash expenses have increased U.S. trade disruption with China negatively impacts export market for U.S. commodities The One Big Beautiful Bill Act was signed into law July 4 Extends provisions of the 2017 Tax Act, including accelerated depreciation of equipment purchases Extends key commodity support programs under the Farm Bill, which expired September 30 Demand for irrigation equipment in Brazil remains stable The market is benefiting from increased commodity exports to China High interest rates and ongoing credit constraints remain as headwinds Pipeline of project opportunities in developing international markets continues to be robust, driven by secular megatrends of food security and water conservation

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

Irrigation Segment – Fourth Quarter Summary© 2025 Lindsay Corporation North America revenue of $50.0 million decreased 19 percent Lower unit sales volume compared to the prior year, due to lower storm damage replacement demand and soft market conditions Higher average selling prices compared to the prior year Unit sales volume breakdown by category: Replacement 69%, Conversion 19%, Dryland 12% International revenue of $79.0 million increased 23 percent Higher unit sales volume in South America and Australia Higher project sales in the MENA region Operating income of $17.7 million increased 4 percent Increase resulted primarily from higher revenues and from the positive leverage of fixed operating expenses Revenue +4% +3% Operating Income (with operating margin) 7 $ in millions

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![Slide 8](lnn-ex99_2s8.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 and runs through September 2026 Inflation on material prices and labor costs have offset some of the impact of incremental funding Through August 2025, 78 percent of the IIJA funds have been committed to the states, and 52 percent of the funds have been reimbursed to the states\* The value of state and local government contract awards increased 10 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 \*Source: American Road and Transportation Builders Association

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![Slide 9](lnn-ex99_2s9.jpg)

Infrastructure Segment – Fourth Quarter Summary© 2025 Lindsay Corporation Revenue of $24.5 million decreased 16 percent Lower Road Zipper System™ sales and lease revenues Prior year included Road Zipper System project sales that did not repeat Sales of road safety products were slightly higher compared to the prior year Operating income of $3.5 million decreased 37 percent Lower operating income and operating margin resulted from lower revenue and a less favorable margin mix with lower Road Zipper revenues compared to the prior year Revenue -37% Operating Income (with operating margin) -16% $ in millions

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![Slide 10](lnn-ex99_2s10.jpg)© 2025 Lindsay Corporation Ample Liquidity to Execute Capital Allocation Priorities $300M Available liquidity CurrentLiquidity 0.9x Gross Debt to EBITDA leverage Substantial Room to Add Leverage No Near-TermDebt Maturities $115M Total Debt 2030 Maturity

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![Slide 11](lnn-ex99_2s11.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 12](lnn-ex99_2s12.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 13](lnn-ex99_2s13.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 14](lnn-ex99_2s14.jpg)

Appendix© 2025 Lindsay Corporation

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

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

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

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

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

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

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

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

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![Slide 19](lnn-ex99_2s19.jpg)

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