LNN on NYSE

Lindsay Manufacturing

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

American manufacturer of center pivot irrigation systems

Lindsay Corporation, formerly known as Lindsay Manufacturing Co., is a manufacturer of Zimmatic brand center pivot irrigation systems, based in Omaha, Nebraska, United States. It also manufactures farm and construction machinery, as well as road and railroad infrastructure equipment. At August 31, 2008, the company had 1,239 employees.3 Its shares trade on NYSE under the symbol LNN.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$659.1MRevenue, fiscal 20256
$74.1MNet income, fiscal 20256
1955Founded1

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  • TickerLNN on NYSE1
  • IndustryFarm Machinery & Equipment1
  • HeadquartersOmaha1
  • Websitewww.lindsay.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address18135 Burke Street, Suite 100, Omaha, Ne 680227
  • Filer categoryLarge accelerated filer7
  • LEI549300ZFO0QG5H8TPI614
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 7976454

Lindsay Corporation, formerly known as Lindsay Manufacturing Co., is a manufacturer of Zimmatic brand center pivot irrigation systems, based in Omaha, Nebraska, United States. It also manufactures farm and construction machinery, as well as road and railroad infrastructure equipment. At August 31, 2008, the company had 1,239 employees.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

32.0%Gross margin6
13.4%Operating margin6
11.2%Net margin6
12.8%Revenue growth, 20256
13.9%Return on equity6
0.22×Debt to equity6
$90.4MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Irrigation brought in 86% of the revenue Lindsay Manufacturing broke down this way in fiscal 2025.

  1. Irrigation$568.0M686%up 11% from 2024
  2. Infrastructure$91.1M614%up 29% from 2024
Business segments by year
Business segments202320242025
Irrigation$586.0M$513.9M$568.0M
Infrastructure$75.9M$70.4M$91.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue71¢$465.6M
  • Research and development3¢$17.9M
  • Other costs12¢$81.0M
  • Income tax3¢$20.5M
  • Profit11¢$74.1M

Out of $659.1M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending32¢$42.5M
  • Dividends paid12¢$15.7M
  • Share buybacks9¢$11.5M
  • Kept or used elsewhere48¢$63.1M

Out of $132.9M of cash from operations.6

Financial statements

Revenue101112136$659.1M in 2025+20% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $547.7M$547.7M20182019: $436.3M$436.3M2019−20%2020: $463.2M$463.2M2020+6%2021: $551.3M$551.3M2021+19%2022: $760.3M$760.3M2022+38%2023: $661.9M$661.9M2023−13%2024: $584.3M$584.3M2024−12%2025: $659.1M$659.1M2025+13%
Gross profit10111214136$210.8M in 2025+39% since 2018
0$100.0M$200.0M$300.0M2018: $151.5M$151.5M20182019: $114.6M$114.6M2019−24%2020: $152.5M$152.5M2020+33%2021: $150.2M$150.2M2021−2%2022: $199.2M$199.2M2022+33%2023: $213.0M$213.0M2023+7%2024: $191.1M$191.1M2024−10%2025: $210.8M$210.8M2025+10%
Operating income10111214136$88.1M in 2025+126% since 2018
0$50.0M$100.0M$150.0M2018: $39.0M$39.0M20182019: $6.1M$6.1M2019−84%2020: $54.2M$54.2M2020+786%2021: $54.1M$54.1M2021−0%2022: $94.6M$94.6M2022+75%2023: $102.2M$102.2M2023+8%2024: $76.6M$76.6M2024−25%2025: $88.1M$88.1M2025+15%
Net income10111214136$74.1M in 2025+265% since 2018
0$20.0M$40.0M$60.0M$80.0M2018: $20.3M$20.3M20182019: $2.2M$2.2M2019−89%2020: $38.6M$38.6M2020+1678%2021: $42.6M$42.6M2021+10%2022: $65.5M$65.5M2022+54%2023: $72.4M$72.4M2023+11%2024: $66.3M$66.3M2024−8%2025: $74.1M$74.1M2025+12%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-08-312024-08-312023-08-31
Operating revenues$676.4M$607.1M$674.1M
Cost of operating revenues$465.6M$416.0M$461.1M
Gross profit$210.8M$191.1M$213.0M
Selling expense$41.7M$39.9M$36.2M
General and administrative expense$63.0M$57.4M$56.4M
Engineering and research expense$17.9M$17.1M$18.2M
Total operating expenses$122.7M$114.4M$110.8M
Operating income$88.1M$76.6M$102.2M
Interest expense-$1.8M-$3.2M-$3.8M
Interest income$7.7M$5.2M$2.8M
Other income (expense), net$574.0K$487.0K-$804.0K
Total other income (expense)$6.5M$2.4M-$1.8M
Earnings before income taxes$94.6M$79.0M$100.4M
Income tax expense$20.5M$12.8M$28.0M
Net earnings$74.1M$66.3M$72.4M
Basic$6.82$6.04$6.58
Diluted$6.78$6.01$6.54
Basic10.9M shares11.0M shares11.0M shares
Diluted10.9M shares11.0M shares11.1M shares
Cash dividends declared per share$1.45$1.41$1.37

Compare Lindsay Manufacturing with another company

Corporate structure

Lindsay Manufacturing sits at the top of its group. 22 entities, 10 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lindsay Manufacturing

  • Lindsay Manufacturing Omaha, Nebraska, United States
    • Elecsys Holdings, LLC Subsidiary · Kansas, United States
    • Elecsys International, LLC Subsidiary · Kansas, United States
    • FieldWise, LLC Subsidiary · Texas, United States
    • Lindsay (Tianjin) Industry Co., Ltd. Subsidiary · China
    • Lindsay (Tianjin) Trading Co., Ltd. Subsidiary · China
    • Lindsay America do Sul Ltda. Subsidiary · Brazil
    • Lindsay Europe SAS Subsidiary · France
    • Lindsay International (ANZ) Pty Ltd Subsidiary · Australia
    • Lindsay International (RUS) Limited Liability Company Subsidiary · Russia
    • Lindsay International Development Company, B.V. Subsidiary · Netherlands
    • LINDSAY INTERNATIONAL HOLDINGS B.V. Subsidiary · Rotterdam, Netherlands
      • LINDSAY AMERICA DO SUL LTDA. Subsidiary · Chacaras Sao Francisco, Brazil
      • LINDSAY INTERNATIONAL DEVELOPMENT COMPANY, B.V. Subsidiary · Rotterdam, Netherlands
      • SNOLINE S.P.A. Subsidiary · Trezzo Sull'Adda, Italy
    • Lindsay Irrigation Solutions, LLC Subsidiary · Nebraska, United States
    • LINDSAY MANUFACTURING AFRICA (PTY) LTD Subsidiary · Cape Town, South Africa
    • Lindsay Sales Holding Co., LLC Subsidiary · Nebraska, United States
    • Lindsay Sulama ve Altyapı Sanayi ve Ticarct A.S. Subsidiary · Turkey
    • Lindsay Transportation Solutions, LLC Subsidiary · California, United States
    • Safe Technologies, LLC Subsidiary · California, United States
    • Snoline S.p.A. Subsidiary · Italy

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lindsay Manufacturing reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$142.5M6 Aug 31, 2025$139.9M6 Aug 31, 2024+1.9%
Property and equipment, net$142.3M6 Aug 31, 2025$112.8M6 Aug 31, 2024+26.1%
Operating-lease assets (leased space)$18.1M6 Aug 31, 2025$15.7M6 Aug 31, 2024+15.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$250.6M6 Aug 31, 2025$190.9M6 Aug 31, 2024+31.3%
Marketable securities, current$013 Aug 31, 2024$5.6M13 Aug 31, 2023−100.0%
Stakes in other companies (equity method)$8.8M6 Aug 31, 2025

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$84.5M6 Aug 31, 2025$84.2M6 Aug 31, 2024+0.3%
Intangible assets, net (excluding goodwill)$23.3M6 Aug 31, 2025$25.4M6 Aug 31, 2024−8.0%
Accumulated amortization$44.4M6 Aug 31, 2025$41.9M6 Aug 31, 2024+5.8%
Finite-lived intangibles, net$11.3M6 Aug 31, 2024$15.8M14 Aug 31, 2023−28.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$136.9M6 Aug 31, 2025$154.5M6 Aug 31, 2024−11.4%
Work in process$7.2M6 Aug 31, 2025$10.2M6 Aug 31, 2024−29.5%
Finished goods$78.6M6 Aug 31, 2025$80.9M6 Aug 31, 2024−2.8%

Properties, in its own words

The Company’s facilities are well-maintained, in good operating condition, and suitable for present purposes. These facilities, together with both short-term and long-term planned capital expenditures, are expected to meet the Company’s manufacturing needs in the foreseeable future. The Company does not anticipate any difficulty in retaining occupancy of any leased facilities, either by renewing leases prior to expiration or by replacing them with equivalent leased facilities. The following are the Company’s significant properties.

Segment · Geographic location · Own/lease · Leaseexpiration · Squarefeet · Property description

The rest of Item 2

Corporate · Omaha, Nebraska · Lease · 2034 · 55,000 · Corporate headquarters

Irrigation · Lindsay, Nebraska · Own · N/A · 300,000 · Principal U.S. manufacturing plant

Irrigation · Corlu, Türkiye · Own · N/A · 283,000 · Manufacturing plant for irrigation products

Irrigation · Tianjin, China · Lease · 2027 · 163,000 · Manufacturing plant for irrigation products

Irrigation · La Chapelle, France · Own · N/A · 72,000 · Manufacturing plant for irrigation products

Irrigation · Bellville, South Africa · Lease · 2027 · 71,000 · Manufacturing plant for irrigation products

Irrigation · Mogi Mirim, Sao Paulo, Brazil · Own · N/A · 67,000 · Manufacturing plant for irrigation products

Irrigation · Olathe, Kansas · Own · N/A · 60,000 · Manufacturing plant for machine-to-machine products

Irrigation · Norfolk, Nebraska · Own · N/A · 13,400 · Manufacturing plant for on-farm telemetry devices

Infrastructure · Milan, Italy · Own · N/A · 45,000 · Manufacturing plant for infrastructure products

Infrastructure · Rio Vista, California · Own · N/A · 30,000 · Manufacturing plant for infrastructure products

Item 2 of the 10-K filed Oct 23, 2025.19

The story

The company was founded in 1955 in Lindsay, Nebraska. Corporate headquarters are in Omaha.

In 1992, Gary Parker of Lindsay Manufacturing Co. was named to the National Agri-Marketing Association Agribusiness Leader of the Year honor roll. Parker had started working at Lindsay Manufacturing in 1971, and went on to become the president in 1984 and the CEO in 1989. He retired from the position of CEO in 2000 at the age of 54.

On October 21, 1997, the company's shares began to be traded on the New York Stock Exchange. The company's shares form part of the Palisades Water Index's US Water Index.

In 2002, Howard G. Buffett was elected chairman of Lindsay Manufacturing. He had been a director of the company since 1995. Since January 21, 2003, the company's chairman has been Michael N. Christodolou.

In 2004, the company's African unit acquired Stettyn, a manufacturer of center pivots based in Bloemfontein, South Africa.

In June 2006, Lindsay acquired Barrier Systems Inc. which was founded in 1985 and developed the Quickchange Moveable Barrier (QMB) which helps control and manage traffic by adding lanes to a roadway during periods of heavy traffic and then removing the added lanes when the traffic influx is reversed.

On January 25, 2008, the outstanding shares of stock of Watertronics, Inc, based in Hartland, Wisconsin, were purchased by Lindsay. Watertronics is a leader in designing, manufacturing, and servicing water pumping stations and controls for the golf, landscape and

municipal markets.

Read the full text

On November 3, 2010, Lindsay acquired WMC Technology Limited. The Colyton, New Zealand based company created the first commercially available variable-rate irrigation system in 2008, which uses solenoid valves to vary the amount of water applied under a center-pivot irrigator.

On April 27, 2017 Lindsay added FieldNET Advisor to its existing FieldNET platform, which uses a crop growth model to provide irrigation scheduling and recommendations to growers.

From Wikipedia’s article on Lindsay Corporation, shared under CC BY-SA 4.0.8

Leadership

Who has led Lindsay Manufacturing, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (30)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Elecsys Holdings, LLC Kansas9
  • Elecsys International, LLC Kansas9
  • FieldWise, LLC Texas9
  • Lindsay (Tianjin) Industry Co., Ltd. China9
  • Lindsay (Tianjin) Trading Co., Ltd. China9
  • Lindsay America do Sul Ltda. Brazil9
  • Lindsay Europe SAS France9
  • Lindsay International (ANZ) Pty Ltd Australia9
  • Lindsay International (RUS) Limited Liability Company Russia9
  • Lindsay International Development Company, B.V. Netherlands9
  • Lindsay International Holdings B.V. Netherlands9
  • Lindsay Irrigation Solutions, LLC Nebraska9
  • Lindsay Manufacturing Africa (PTY) Ltd South Africa9
  • Lindsay Sales Holding Co., LLC Nebraska9
  • Lindsay Sulama ve Altyapı Sanayi ve Ticarct A.S. Turkey9
  • Lindsay Transportation Solutions, LLC California9
  • Safe Technologies, LLC California9
  • Snoline S.p.A. Italy9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • LINDSAY MANUFACTURING CODec 21, 1995 to Dec 11, 20067

Timeline

  1. Aug 28, 20268-K Executive or director change63
  2. Jul 17, 20268-K Executive or director change64
  3. Jul 2, 20268-K Results of operations65
  4. Apr 2, 20268-K Results of operations66
  5. Jan 12, 20268-K Executive or director change; Shareholder vote67
  6. Jan 8, 20268-K Results of operations68
  7. Nov 7, 20258-K Executive or director change69
  8. Nov 5, 20258-K Regulation FD disclosure70
  9. Oct 24, 20258-K Executive or director change71
  10. Oct 23, 20258-K Results of operations72
  11. Oct 14, 20258-K Executive or director change; Regulation FD disclosure73
  12. Sep 15, 20258-K Executive or director change; Regulation FD disclosure74
  13. Jan 6, 2021New chief executive Randy A. Wood becomes CEO20
  14. Oct 17, 2017New chief executive Timothy L. Hassinger becomes CEO21
  15. Nov 3, 2006New chief executive Rick Parod becomes CEO23
  16. Jun 5, 2006New chief executive Owen Denman becomes CEO22
  17. 1955Founded Founded1

Calendar

Coming up

  1. Oct 22, 2026 · Before the openReports results for the quarter ending Aug/2026 A year earlier it reported $0.99 a share, on Oct 23, 2025.75

When it reported results

  1. Jul 2, 2026Reported quarterly or annual results65
  2. Apr 2, 2026Reported quarterly or annual results66
  3. Jan 8, 2026Reported quarterly or annual results68
  4. Oct 23, 2025Reported quarterly or annual results72
  5. Jun 26, 2025Reported quarterly or annual results76
  6. Apr 3, 2025Reported quarterly or annual results77
  7. Jan 7, 2025Reported quarterly or annual results78
  8. Oct 24, 2024Reported quarterly or annual results79

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

193 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 41 major events, 95 insider forms, 16 large holders, 21 other. The latest 20:

  1. Aug 28, 20268-K EDGAR
  2. Jul 17, 20268-K EDGAR
  3. Jul 2, 202610-Q EDGAR
  4. Jul 2, 20268-K EDGAR
  5. May 15, 2026SD EDGAR
  6. Apr 30, 2026SCHEDULE 13G EDGAR
  7. Apr 29, 2026SCHEDULE 13G EDGAR
  8. Apr 2, 202610-Q EDGAR
  9. Apr 2, 20268-K EDGAR
  10. Mar 27, 2026SCHEDULE 13G/A EDGAR
  11. Jan 13, 20264 EDGAR
  12. Jan 12, 20263 EDGAR
  13. Jan 12, 20268-K EDGAR
  14. Jan 8, 20264 EDGAR
  15. Jan 8, 20264 EDGAR
  16. Jan 8, 20264 EDGAR
  17. Jan 8, 20264 EDGAR
  18. Jan 8, 20264 EDGAR
  19. Jan 8, 20264 EDGAR
  20. Jan 8, 20264 EDGAR

The 193 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 1 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 13, 2025Brunner Robert EDirectorSale3,188$142.08$453.0KForm 4
Jul 1, 2025Ketcham Brian LSenior Vice President and CFOSale3,999$149.09$596.2KForm 4
May 12, 2025Di Si PabloDirectorSale640$138.29$88.5KForm 4
Jan 30, 2025Wood Randy APresident and CEOSale7,649$135.61$1.0MForm 4
Nov 15, 2024Ketcham Brian LSenior Vice President and CFOSale1,500$123.50$185.2KForm 4
Nov 14, 2024Ketcham Brian LSenior Vice President and CFOSale2,500$124.98$312.5KForm 4
Nov 6, 2024Di Si PabloDirectorSale111$132.91$14.8KForm 4
Jul 15, 2024Marion James ScottPresident - InfrastructureSale700$119.00$83.3KForm 4
Aug 7, 2023Di Si PabloDirectorBuy110$129.77$14.3KForm 4
Aug 3, 2023Marion James ScottPresident - InfrastructureSale413$132.22$54.6KForm 4
Apr 8, 2022Marion James ScottPresident - InfrastructureSale1,945$146.01$284.0KForm 4
Nov 8, 2021NAHL MICHAELDirectorSale800$162.82$130.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Randy A. Wood$837.7K$5.1M87
2025Brian L. Ketcham$457.2K$1.5M87
2025Gustavo E. Oberto$434.0K$1.2M87
2025J. Scott Marion$390.1K$1.2M87
2024President and Chief Executive Officer$807.6K$3.7M87
2024Senior VicePresident and$444.4K$1.2M87
2024President – Irrigation$420.4K$994.6K87
2024President – Infrastructure$381.1K$948.2K87
2023President and Chief Executive Officer$769.2K$3.9M87
2023Chief Financial Officer$429.2K$1.3M87
2023President – Irrigation$404.7K$1.0M87
2023President – Infrastructure$366.5K$1.0M87

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,771,897$219.4M0.0%+32,834
Neuberger Berman Group LLC911,884$112.9M0.1%+7,606
Vanguard Portfolio Management LLC653,281$80.9M0.0%−2,351
State Street Corp493,297$61.1M0.0%+71,784
Vanguard Capital Management LLC466,733$57.8M0.0%−8,579
Amundi423,312$52.4M0.0%+165,745
Dimensional Fund Advisors LP408,322$50.6M0.0%+55,978
Prairie Wealth Advisors, Inc.0$47.5M11.3%No change
American Century Companies Inc337,837$41.8M0.0%+120,156
Geode Capital Management, LLC281,657$34.9M0.0%+16,902
Two Sigma Investments, LP281,172$34.8M0.0%+170,199
Royce & Associates LP236,721$29.3M0.2%+13,120
Legal & General Group Plc190,122$23.5M0.0%+13,282
Invesco Ltd.179,388$22.2M0.0%−835
Nuance Investments, LLC179,283$22.2M3.8%+17,561
Morgan Stanley160,013$19.8M0.0%+33,087
Charles Schwab Investment Management Inc142,401$17.6M0.0%+6,085
Millennium Management LLC142,274$17.6M0.0%+118,802
Northern Trust Corp111,753$13.8M0.0%+4,383
Lightrock Netherlands B.V.110,615$13.7M2.7%−8,500
Aqr Capital Management LLC102,886$12.7M0.0%+59,722
Stephens Investment Management Group LLC96,978$12.0M0.1%+6,704
Bank of New York Mellon Corp95,873$11.9M0.0%+4,710
John G Ullman & Associates Inc95,760$11.9M1.4%+7,350
Hotchkis & Wiley Capital Management LLC92,580$11.5M0.0%+16,980

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Lindsay Manufacturing is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLINDSAY CORP2
  • CIK0000836157
  • Employer ID (EIN)47-055409619
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inDelaware19
  • Fiscal year endsAugust 312
  • Industry code (SIC)3523 Farm Machinery & Equipment2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address18135 Burke Street, Suite 100, Omaha, NE 680222
  • Phone40282968002
  • Shares outstanding10,168,885 as of Jun 30, 202617
  • Public float$1.4B as of Feb 28, 202519
  • AuditorKPMG LLP, Omaha, Nebraska PCAOB ID 185; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceJan 31, 19952
  • Filings1,163 in all: 4 (461), 8-K (205), SC 13G/A (127), 10-Q (95), SC 13G (47), DEF 14A (31), 3 (29), SC 13D/A (29)2
    All 30 form types

    10-K (28), 5 (18), SD (13), ARS (11), CT ORDER (11), UPLOAD (10), 4/A (9), S-8 (8), 144 (6), 10-Q/A (5), CORRESP (5), 10-K405 (3), PRE 14A (2), SCHEDULE 13G (2), 10-C (1), 10-K/A (1), 8-A12B (1), 8-K/A (1), DEFA14A (1), NT 10-K (1), SC 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Oct 23, 2025
    Quarterly report (10-Q) Jul 2, 2026
    Proxy statement (DEF 14A) Nov 21, 2025
    Latest 8-K (8-K) Aug 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $1.00 par valueLNNNew York Stock Exchange

From the cover page of the 10-K filed Oct 23, 2025 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks Lindsay Manufacturing names in Item 1A of its 10-K filed Oct 23, 2025: 15 risks under these headings, as written.19

  • Risks Related to Business and Industry
  • Changing worldwide demand for food and biofuels could have an effect on the price of agricultural commodities and consequently the demand for irrigation equipment.
  • While climate change could shift global cropping practices and open new markets for irrigated agriculture, the changing short-term weather conditions or more prolonged climate change could adversely impact the Company’s business and operations.
  • The Company’s infrastructure revenues are highly dependent on government funding of transportation projects and subject to compliance with government regulations.
  • Compliance with applicable environmental and health and safety regulations, standards, or expectations may require additional capital and operational expenditures.
  • The Company’s revenues can be highly dependent on a limited number of key customers and projects.
  • The Company’s international sales efforts and profit margins are affected by international trade barriers and subject the Company to additional compliance obligations.
  • Risks Related to Legal Proceedings
  • The Company is exposed to risks from legal proceedings.
  • The frequency and magnitude of liability claims and the related expenses could lower profitability and increase business risk.
  • The Company’s infrastructure products are installed along roadways in inherently dangerous applications. Accidents involving the Company’s infrastructure products could reduce demand for such products and expose the Company to significant damages and reputational harm.
  • General Risks
The other 6 risks
  • The Company’s profitability may be negatively affected by changes in the availability and price of certain parts, components, and raw materials.
  • The Company’s international sales are highly dependent on foreign market conditions.
  • The Company’s international sales and profit margins are subject to currency exchange risk.
  • Changes in interest rates could reduce demand for the Company’s products.
  • The Company’s consolidated financial results are reported in U.S. dollars while certain assets and other reported items are denominated in the currencies of other countries, creating currency translation risk.
  • Security breaches and other disruptions to the Company’s information technology infrastructure could interfere with its operations and could compromise the Company’s and its customers’ and suppliers’ information, exposing the Company to liability that could cause its business and reputation to suffer.

Legal proceedings

In the ordinary course of its business operations, the Company is involved, from time to time, in commercial litigation, product liability litigation, tort litigation, employment disputes, administrative proceedings, business disputes, and other legal proceedings. No such current proceedings, individually or in the aggregate, are expected to have a material effect on the business or financial condition of the Company, other than the specific environmental remediation matters which are disclosed as part of Note 15, Commitments and Contingencies, to the Company’s consolidated financial statements. Any revisions to the estimates accrued for environmental remediation could be material to the operating results of any fiscal quarter or fiscal year, however the Company does not expect such additional expenses would have a material adverse effect on its liquidity or financial condition.

For a summary of the Company’s infrastructure products litigation, see Note 15, Commitments and Contingencies, to the Company’s consolidated financial statements.

The opening of Item 3, Legal Proceedings.19

Sources

The numbers on this page point here. Each one links to the record it came from.

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