Financial Performance - Total revenues for Q2 FY2025 were $187.1 million, a 23% increase from $151.5 million in Q2 FY2024[4] - Operating income rose to $32.1 million, reflecting a 45% increase compared to $22.1 million in the prior year, with an operating margin of 17.2%[5] - Net earnings for the quarter were $26.6 million, up 47% from $18.1 million in the previous year, with diluted earnings per share increasing by 49% to $2.44[6] - Total operating revenues for the three months ended February 28, 2025, increased to $187.064 million, up 23.5% from $151.519 million for the same period in 2024[23] - Net earnings for the six months ended February 28, 2025, were $43.739 million, a 32.2% increase from $33.142 million for the same period in 2024[28] Segment Performance - International irrigation revenue grew by 42% to $71.0 million, driven by a large project in the MENA region[9] - Infrastructure segment revenues more than doubled to $38.9 million, a 110% increase, primarily due to a significant Road Zipper System project[11] - The irrigation segment's operating income rose to $27.377 million for the three months ended February 28, 2025, compared to $25.649 million in the prior year, reflecting an increase of 6.7%[23] - The infrastructure segment's operating income significantly improved to $13.257 million for the three months ended February 28, 2025, from $3.506 million in the same period last year, an increase of 278.5%[23] Order Backlog and Market Outlook - The backlog of unfilled orders increased to $127.0 million, up from $94.2 million a year earlier, attributed mainly to the MENA irrigation project[13] - The USDA forecasts a 29% increase in U.S. net farm income for 2025, but this is not expected to significantly boost demand for irrigation equipment in North America in the near term[14] - The company remains optimistic about growth in developing markets, particularly in the MENA region, despite challenges in predicting project timing[15] Financial Position - Cash and cash equivalents at the end of the period were $172.044 million, an increase from $133.415 million at the end of the same period in 2024, representing a growth of 28.9%[26] - Total assets increased to $814.185 million as of February 28, 2025, compared to $765.280 million as of February 29, 2024, marking a growth of 6.4%[26] - Total liabilities increased to $297.766 million as of February 28, 2025, compared to $282.246 million as of February 29, 2024, reflecting a rise of 5.5%[26] - The company reported a net cash provided by operating activities of $33.880 million for the six months ended February 28, 2025, compared to $12.136 million for the same period in 2024, indicating a substantial increase[28] - The company’s total current assets reached $526.684 million as of February 28, 2025, up from $500.713 million a year earlier, representing a growth of 5.2%[26] Strategic Initiatives - The company has implemented a comprehensive action plan to mitigate the impact of recently announced tariffs, anticipating a marginal increase in costs[15] - The infrastructure business's strong performance supports full-year growth expectations for FY2025, despite inflationary pressures on construction costs[14] - The company plans to continue investing in innovative technology solutions within its irrigation segment, including advancements in GPS positioning and industrial IoT solutions[23]

Core Insights - Wall Street analysts expect Lindsay (LNN) to report quarterly earnings of $1.89 per share, reflecting a year-over-year increase of 15.2% [1] - Revenues are anticipated to reach $179.89 million, which is an 18.7% increase from the same quarter last year [1] - There has been a downward revision of 3.5% in the consensus EPS estimate over the past 30 days, indicating a reappraisal by analysts [1] Earnings Projections - Changes in earnings projections are crucial for predicting investor reactions to the stock [2] - Empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [2] Analyst Forecasts - Analysts predict 'Operating revenues- Infrastructure Segment' to be $39.58 million, indicating a year-over-year change of +113.9% [4] - The consensus estimate for 'Operating revenues- Irrigation Segment' is $140.32 million, suggesting a +5.5% year-over-year change [4] - 'Operating income- Irrigation Segment' is expected to reach $22.82 million, down from $25.65 million year-over-year [4] - 'Operating income- Infrastructure Segment' is projected at $10.85 million, compared to $3.51 million from the previous year [5] Stock Performance - Over the past month, shares of Lindsay have returned -4.1%, while the Zacks S&P 500 composite has seen a -6.2% change [5] - Lindsay currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near future [5]

Core Viewpoint - The market anticipates Lindsay (LNN) to report a year-over-year increase in earnings driven by higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Lindsay is expected to report quarterly earnings of $1.89 per share, reflecting a year-over-year increase of 15.2% [3]. - Revenues are projected to reach $179.89 million, representing an 18.7% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 3.53% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the potential deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [6][7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have shown a nearly 70% success rate in delivering positive surprises [8]. Historical Performance - Lindsay has consistently beaten consensus EPS estimates in the last four quarters, with a notable surprise of +17.16% in the most recent quarter [12][13]. Conclusion - Despite a strong historical performance, Lindsay does not currently appear to be a compelling earnings-beat candidate due to the lack of recent analyst revisions [11][16].

Company Overview - Lindsay (LNN) is a stock within the Industrial Products sector, which consists of 200 individual stocks and currently holds a Zacks Sector Rank of 13 [2] - Lindsay is part of the Manufacturing - Farm Equipment industry, which includes 7 companies and is ranked 84 in the Zacks Industry Rank [5] Performance Analysis - Year-to-date, Lindsay has returned approximately 9.3%, outperforming the average loss of 4.5% in the Industrial Products group [4] - In comparison, another stock in the sector, Middleby (MIDD), has returned 13.3% year-to-date [4] - The consensus EPS estimate for Lindsay has increased by 6.5% over the past quarter, indicating improved analyst sentiment and a stronger earnings outlook [3] Industry Context - The Manufacturing - Farm Equipment industry has gained an average of 12.9% year-to-date, suggesting that Lindsay is slightly underperforming its industry [5] - The Manufacturing - General Industrial industry, to which Middleby belongs, is currently ranked 152 and has declined by 4.5% year-to-date [6]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive has a strong emphasis on technology adoption, utilizing various tools to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Lindsay's recent earnings report shows a positive trend with earnings per share beating estimates and revenue growth year over year, indicating strong operational performance and potential for continued growth [2][3]. Financial Performance - Earnings per share for Q1 fiscal 2025 were $1.57, exceeding the Zacks Consensus Estimate of $1.34, representing a 15% year-over-year improvement [2]. - Revenue for the quarter was $166 million, up from $161 million in the same quarter last year, meeting the Zacks Consensus Estimate [2]. - The company's backlog increased significantly to approximately $168 million as of November 30, 2024, compared to about $87 million a year earlier [2]. Operational Update - Operating revenues improved by 4.4% year over year to around $116 million, with gross profit remaining flat at $50 million, resulting in a gross margin of 30.1%, slightly down from 31% a year ago [3]. - Operating expenses rose by 0.7% year over year to around $29 million, leading to an operating income of roughly $22 million, up from $21 million in the prior year [3]. Segment Performance - The Irrigation segment's revenues increased by 5% year over year to approximately $147 million, with North American revenues declining by 13% to about $78 million due to lower unit sales, while international revenues surged by 37% to around $69 million [4]. - The Infrastructure segment's revenues decreased by 9% year over year to roughly $19 million, attributed to timing differences in Road Zipper System lease revenues, but operating income rose by 14% to $4.1 million [5]. Financial Position - As of the end of Q1 fiscal 2025, Lindsay had cash and cash equivalents of approximately $194 million, an increase from $159 million at the end of Q1 fiscal 2024, with long-term debt remaining stable at around $115 million [6]. Future Outlook - The company anticipates growth in its infrastructure segment for fiscal 2025, driven by a significant Road Zipper System project, although market conditions in North America and Brazil's irrigation markets are expected to remain soft in the near term [7]. - Estimates for the company have remained stable over the past month, with a consensus estimate shift of 7.96% [8]. Investment Scores - Lindsay currently holds a strong Growth Score of A and a momentum score of A, but a value score of C, placing it in the middle 20% for value investment strategy [9]. - The overall aggregate VGM Score for the stock is A, indicating strong performance across multiple investment strategies [9]. Stock Outlook - Lindsay has a Zacks Rank of 3 (Hold), suggesting an expectation of an in-line return from the stock in the upcoming months [10].

Core Viewpoint - Lindsay Corporation reported strong earnings in the first quarter of fiscal 2025, exceeding expectations and showing year-over-year growth in both earnings per share and revenue [1][3]. Financial Performance - Earnings per share for Q1 fiscal 2025 were $1.57, surpassing the Zacks Consensus Estimate of $1.34, representing a 15% increase year over year [1]. - Revenue for the quarter was $166 million, up from $161 million in the same quarter last year, meeting the Zacks Consensus Estimate [1]. - The cost of operating revenues improved by 4.4% year over year to approximately $116 million, with gross profit remaining relatively flat at $50 million [3]. - Operating expenses increased by 0.7% year over year to around $29 million, resulting in an operating income of roughly $22 million, up from $21 million in the prior year [3]. Segment Performance - The Irrigation segment's revenues rose by 5% year over year to about $147 million, although North American irrigation revenues fell by 13% to approximately $78 million due to lower unit sales [5]. - The International irrigation segment saw a significant revenue increase of 37% year over year to around $69 million [5]. - The Infrastructure segment's revenues decreased by 9% year over year to roughly $19 million, attributed to timing differences in Road Zipper System lease revenues, while operating income for this segment increased by 14% to $4.1 million [6]. Backlog and Financial Position - The company's backlog as of November 30, 2024, was approximately $168 million, a significant increase from about $87 million a year earlier [2]. - Cash and cash equivalents at the end of Q1 fiscal 2025 were around $194 million, up from $159 million at the end of Q1 fiscal 2024, with long-term debt remaining stable at approximately $115 million [8]. Future Outlook - The company anticipates growth in its infrastructure segment for fiscal 2025, driven by a large Road Zipper System project recently secured [9]. - Market conditions in North America and Brazil's irrigation markets are expected to remain soft in the near term [9]. Stock Performance - Lindsay's shares have declined by 9.8% over the past year, contrasting with the industry's growth of 0.9% [10].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-13419 Lindsay Corporation (Exact name of registrant as specified in its charter) Delaware 47-0554096 (State or other jurisdiction of incorporat ...

Lindsay Corporation (LNN) announced that it completed its previously announced deal to acquire a 49.9% minority interest in Pessl Instruments GmbH. This move will enhance LNN's position as an irrigation management and scheduling solution provider in the industry.Details on Lindsay-Pessl Instruments DealLindsay inked a deal with Pessl on April 3, 2024, to acquire 49.9% minority interests with the option to purchase the remaining shares at a later date. In May 2023, the companies initially formed a collaborat ...

Financial Data and Key Metrics Changes - Consolidated revenues for Q1 2025 increased by 3% to $166.3 million compared to $161.4 million in the prior year [18] - Net earnings for the quarter increased by 14% to $17.2 million or $1.57 per diluted share compared to $15 million or $1.36 per diluted share in the prior year [19] - Operating income was similar to the prior year, but current year results benefited from an increase in other income and a lower effective income tax rate [19] Business Line Data and Key Metrics Changes - Irrigation segment revenues increased by 5% to $147.1 million compared to $140.2 million in the prior year [20] - North America irrigation revenues decreased by 13% to $77.7 million due to lower unit sales volume and a less favorable mix of shorter machines [20] - International irrigation revenues increased by 37% to $69.4 million, driven by a large project in the MENA region and higher sales in Europe and Latin America [21][22] - Infrastructure segment revenues decreased by 9% to $19.2 million, primarily due to timing differences in Road Zipper System lease revenue [24] Market Data and Key Metrics Changes - In North America, the market is expected to be slightly weaker due to low commodity prices and high input costs, although there has been a recent uptick in customer sentiment [8] - Brazil's order volume has stabilized, with regional financing programs expected to support stronger volumes in the second half of the year [11] - The international irrigation markets, particularly in the MENA region, are expected to perform strongly due to food security and water scarcity issues [12] Company Strategy and Development Direction - The company is focusing on operational efficiencies and cost management to improve profitability in the infrastructure segment [6][15] - A strategic shift to engage earlier in the design and decision-making process of large roadway projects is being implemented [6] - The acquisition of a minority interest in PESL Instruments is expected to enhance capabilities and create opportunities for recurring revenue [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance despite headwinds in mature global irrigation markets [4] - The outlook for the North American market remains cautious, with expectations of low commodity prices impacting demand [8] - Management noted that while Brazil's market is stabilizing, significant improvements are not anticipated in the near term [56] Other Important Information - Total available liquidity at the end of Q1 was $244.1 million, including $194.1 million in cash and cash equivalents [27] - The company expects to deliver a large road zipper project valued at over $20 million in the second fiscal quarter [26] Q&A Session Summary Question: Can you elaborate on the mix effect of shorter systems in irrigation? - The mix effect is driven regionally, with larger machines installed over time and smaller systems being added in certain areas [30][31] Question: What is the follow-on service component for the large project once completed? - There will be parts consumption due to high operational hours, and long-term revenue will include aftermarket service parts [35][36] Question: What is the expectation for the international irrigation business in the second half of the year? - Current positive trends do not change the overall expectations for the full year [48] Question: Are operational cost savings expected to continue? - Yes, operational cost savings are expected to persist due to improvements in manufacturing efficiency [51] Question: What is the outlook for Brazil's irrigation market? - The market is stabilizing, with no significant deterioration expected, but also no significant improvement in the near term [56] Question: How do you view the $20 million infrastructure project in terms of margins? - The project is expected to be accretive to overall operating margin for the segment [77][78]