LNN
Lindsay Corporation121.95
+3.25+2.74%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.32BP/E (TTM)
17.99Basic EPS (TTM)
6.78Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Lindsay Corporation's FY2025 revenues climbed 11% to $676.4 million, propelled by a 39% surge in international irrigation sales to $294.2 million from a major MENA project, though North American irrigation dipped 9% to $273.8 million amid softer demand and lower storm replacements; infrastructure revenues rose 16% to $108.4 million on stronger Road Zipper System projects. Q4 momentum accelerated with project deliveries offsetting seasonal dips, boosting net earnings 12% to $74.1 million or $6.78 diluted EPS, while gross margins held steady at 31.2% despite international mix pressures. Cash swelled to $250.6 million, funding $42.5 million in capex for facility upgrades and $15.7 million in dividends, with $11.5 million in buybacks leaving $30 million authorized. Backlog shrank to $110.7 million from $180.9 million as MENA shipments progressed, yet liquidity remains robust with no revolver draws against $115 million in senior notes due 2030. Government funding cuts could stall infrastructure momentum.
8-K
Record FY25 earnings amid Q4 dip
Lindsay Corporation reported fiscal 2025 results with revenues up 11% to $676.4 million, driven by 11% irrigation growth from MENA projects and South America, while infrastructure rose 16% on Road Zipper sales. Record net earnings hit $74.1 million, up 12%, with free cash flow at 122% of earnings. Yet Q4 revenues dipped 1% to $153.6 million amid North America softness. Backlog fell to $110.7 million; tempered North America demand persists.
8-K
CFO Succession Announced
Lindsay Corporation appointed Sam Hinrichsen as Senior Vice President and Chief Financial Officer, effective January 1, 2026, succeeding Brian Ketcham's retirement. Hinrichsen joins November 3, 2025, with a $450,000 base salary, 65% target bonus, and $600,000 expected annual equity. His global finance expertise from Stepan and prior roles bolsters Lindsay's financial strategy amid growth. Smooth transition ahead.
8-K
Board appoints tech expert
Lindsay Corporation expanded its board from seven to eight members on September 15, 2025, appointing Jahidul H. Khandaker, CIO of GE HealthCare, as a director with a term expiring at the January 2026 annual meeting; he joins the Audit Committee. Khandaker brings over 25 years in technology transformations, including M&A integrations, cloud, cybersecurity, and AI expertise from roles at GE HealthCare, Western Digital, and Hitachi. His addition bolsters Lindsay's innovation and operational efficiency. Forward-looking statements highlight risks in SEC filings.
8-K
Credit facility extended to 2030
Lindsay Corporation extended its $50 million unsecured revolving credit facility with Wells Fargo Bank through the Fourth Amendment on August 26, 2025, pushing the termination date from August 26, 2026, to August 26, 2030. The deal also lets the company terminate or reduce the facility without premium or penalty, enhancing liquidity flexibility amid steady operations. No Event of Default exists. This secures long-term funding access.
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