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 February 29, 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) (State or other jurisdiction of incorporation or organization) ...

Lindsay Corporation (NYSE:LNN) Q2 2024 Earnings Conference Call April 4, 2024 11:00 AM ET Company Participants Randy Wood - President and Chief Executive Officer Brian Ketcham - Chief Financial Officer Conference Call Participants Ryan Connors - Northcoast Research Tyler Hutin - William Blair Jon Braatz - Kansas City Capital Brett Kearney - American Rebirth Opportunity Partners Adam Farley - Stifel Nicolaus Operator Hello, and welcome to the Lindsay Corporation Fiscal Second Quarter 2024 Earnings Conference ...

2nd Quarter Fiscal 2024 Earnings Slide Deck 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 Commiss ...

Exhibit 99.1 18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836 Lindsay Corporation Reports Second Quarter Fiscal 2024 Results Irrigation demand in North America remains stable while market activity in Brazil declines; infrastructure results deliver meaningful margin expansion OMAHA, Neb., April 4, 2024—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its second quarter ended ...

Financial Performance - Operating revenues for the three months ended November 30, 2023, were $161,358,000, a decrease of 8.5% compared to $176,159,000 for the same period in 2022[8]. - Gross profit for the same period was $49,905,000, down from $53,020,000, reflecting a gross margin of 30.9% compared to 30.1% in the prior year[8]. - Net earnings decreased to $15,019,000, or $1.36 per diluted share, compared to $18,217,000, or $1.65 per diluted share in the previous year, representing a decline of 17.9%[8]. - The company reported a total comprehensive income of $14,929,000 for the three months ended November 30, 2023, compared to $16,072,000 in the same period of 2022[9]. - Net cash provided by operating activities increased significantly to $21,872,000 from $4,682,000 year-over-year[1]. - Cash provided by operating activities totaled $21.9 million for the three months ended November 30, 2023, compared to $4.7 million in the same period of 2022[93]. Assets and Liabilities - Total current assets increased to $501,302,000 as of November 30, 2023, compared to $481,407,000 a year earlier, primarily driven by an increase in cash and cash equivalents[12]. - Total assets rose to $763,918,000 from $708,296,000 year-over-year, indicating a growth of 7.8%[12]. - Total liabilities decreased to $297,058,000 from $303,508,000, reflecting a reduction of 2.1%[12]. - Shareholders' equity increased to $466,860,000 as of November 30, 2023, compared to $404,788,000 a year earlier, marking a growth of 15.3%[12]. - The Company has cash and cash equivalents amounting to $159,381,000 as of November 30, 2023, compared to $99,168,000 in 2022, reflecting a significant increase[41]. - As of November 30, 2023, the total long-term debt of the Company is $115,120,000, a decrease from $115,297,000 in 2022[39]. Revenue Segments - Irrigation segment revenues decreased 8% to $140.2 million, while infrastructure segment revenues decreased 12% to $21.2 million[73]. - The irrigation segment accounted for 87% of total revenue during the three months ended November 30, 2023, while international irrigation revenues decreased by 25% to $50.8 million[83][85]. Tax and Expenses - The company recorded an income tax expense of $6.0 million for the three months ended November 30, 2023, compared to $5.8 million in the same period in 2022[34]. - The estimated annual effective income tax rate increased slightly to 28.0% for the three months ended November 30, 2023, from 27.3% in the prior year[35]. - The effective income tax rate increased to 28.5% for the three months ended November 30, 2023, up from 24.1% in the prior year[90]. - The company continues to invest in engineering and research, with expenses of $4,352,000 for the quarter, slightly up from $4,308,000 in the previous year[8]. Shareholder Actions - Cash dividends declared per share increased to $0.35 from $0.34, representing a 2.9% increase[8]. - The Company paid a quarterly cash dividend of $0.35 per common share, totaling $3.9 million, an increase from $3.7 million in the same quarter of the previous year[98]. - The remaining amount available under the share repurchase program was $63.7 million as of November 30, 2023[62]. - The Company has authorized a share repurchase program of up to $250.0 million, with $63.7 million remaining available as of November 30, 2023[99]. - The Company has not repurchased any shares during the three months ended November 30, 2023 and 2022[62]. Market Conditions - U.S. net farm income for 2023 is estimated at $151.1 billion, a decrease of 17% from the record $182.8 billion in 2022[77]. - U.S. corn prices decreased approximately 32% and soybean prices decreased approximately 8% from November 2022[77]. - The Company expects growth opportunities in international markets driven by food security, water scarcity, and population growth[76]. Inventory and Backlog - Total inventories as of November 30, 2023, were valued at $164,144,000, a decrease from $188,404,000 in the prior year[37]. - The backlog of unshipped orders as of November 30, 2023 was $86.8 million, down from $129.6 million a year earlier, indicating fluctuations due to seasonality and contract timing[80].

Lindsay Corporation (NYSE:LNN) Q1 2024 Earnings Conference Call January 4, 2024 11:00 AM ET Company Participants Randy Wood - President and Chief Executive Officer Brian Ketcham - Senior Vice President and Chief Financial Officer Conference Call Participants Tyler Hutin - William Blair Nathan Jones - Stifel Brian Wright - ROTH MKM Jon Braatz - Kansas City Capital Operator Hello and welcome to the Lindsay Corporation Fiscal First Quarter 2024 Earnings Conference Call. All participants will be in listen-only ...

Financial Performance - Operating revenues for fiscal 2023 were $674.1 million, a 13% decrease from $770.7 million in fiscal 2022[127]. - Net earnings increased by 11% to $72.4 million, or $6.54 per diluted share, compared to $65.5 million, or $5.94 per diluted share, in the prior year[127][146]. - Gross profit for fiscal 2023 was $213.0 million, a 7% increase from $199.2 million in fiscal 2022, with a gross margin of 31.6% compared to 25.8% in the prior year[141]. - Operating revenues for 2023 were $674,084, a decrease of 12.5% compared to $770,743 in 2022[177]. - Net earnings for 2023 were $72,379, representing an increase of 10.3% from $65,469 in 2022[180]. - Basic earnings per share increased to $6.58, up from $5.97 in 2022, marking an increase of 10.2%[177]. - Total assets as of August 31, 2023, were $745,660, an increase from $710,653 in 2022[183]. - Total liabilities decreased to $290,009 in 2023, down from $317,295 in 2022, a reduction of 8.6%[183]. - Shareholders' equity increased to $455,651 in 2023, up from $393,358 in 2022, reflecting a growth of 15.8%[183]. - The company reported total comprehensive income of $72,842 for 2023, compared to $61,929 in 2022, an increase of 17.5%[180]. Revenue and Sales - The company's irrigation revenues are cyclical and highly dependent on agricultural commodity prices, which can significantly affect sales levels[78]. - The Company’s international revenues are primarily generated from regions including Australia, New Zealand, and Europe, with sales to Russia and Belarus paused indefinitely due to geopolitical tensions[95]. - International irrigation revenues decreased by 11% to $276.5 million, impacted by the completion of a large project in Egypt and lower sales in Ukraine, Russia, and Australia[139]. - Irrigation segment revenues decreased by 12% to $586.0 million, while infrastructure segment revenues decreased by 16% to $88.1 million[137]. - Revenue recognized at a point in time for the year ended August 31, 2023, was $629.4 million, down from $731.9 million in 2022[235]. - Revenue recognized over time for the year ended August 31, 2023, was $32.5 million, compared to $28.4 million in 2022, indicating an increase of approximately 14.8%[235]. Costs and Expenses - Operating expenses increased by 6% to $110.8 million in fiscal 2023, primarily due to higher employee incentive expenses and increased spending on new product development[142]. - The profitability may be negatively affected by changes in the availability and price of parts and raw materials, impacting production costs[94]. - Other expense decreased to $1.8 million in fiscal 2023, down from $6.8 million in fiscal 2022, due to lower interest expense and higher interest income[143]. - The effective income tax rate increased to 27.9% in fiscal 2023 from 25.5% in fiscal 2022, reflecting a higher proportion of earnings in foreign jurisdictions[144]. Cash Flow and Capital Management - The Company has a share repurchase program authorized for up to $250.0 million, with $63.7 million remaining as of August 31, 2023[111]. - The Company paid dividends totaling $15.1 million in fiscal 2023, compared to $14.6 million in fiscal 2022[112]. - Cash flows used in investing activities rose to $47.4 million in fiscal 2023, primarily due to a $30.8 million business acquisition, while capital spending increased to $18.8 million from $15.6 million[150]. - Net cash provided by operating activities significantly increased to $119,707,000 from $3,048,000 in 2022[188]. - Total dividends paid increased to $15,082,000 in 2023 from $14,599,000 in 2022[188]. Market and Economic Factors - A decline in oil prices or changes in government policies regarding biofuels could negatively impact the biofuels market and reduce demand for irrigation equipment[76]. - Rising interest rates could negatively impact customer demand and the ability to finance new equipment purchases[98]. - The U.S. Department of Agriculture estimated U.S. 2023 net farm income to be $141.3 billion, a decrease of 22.8% from $183.0 billion in 2022[128]. - The Company anticipates increased demand for its infrastructure products due to the $110 billion federal funding for transportation projects from the Infrastructure Investment and Jobs Act[119]. Risks and Compliance - The company faces risks from climate change, which could adversely impact operations and the availability of raw materials[79]. - International sales efforts are affected by trade barriers and compliance obligations, which could increase costs and reduce competitiveness[84]. - The company is exposed to risks from legal proceedings, which could divert management attention and incur substantial costs[86]. - Compliance with environmental regulations may require additional capital expenditures, potentially impacting financial condition[83]. - The Company’s international sales and profit margins are at risk due to currency exchange fluctuations, which can affect competitiveness in foreign markets[97]. - The Company estimates a potential decrease in operating income of approximately $5.8 million from a ten percent adverse change in foreign currency exchange rates[162]. Strategic Initiatives - The Company is committed to growth through global market expansion, margin improvements, and strategic acquisitions[121]. - The company continues to enhance its irrigation product offerings through innovative technologies such as GPS positioning and wireless irrigation management[191]. - The Company completed the acquisition of FieldWise, LLC for a purchase price of $32.6 million, financed through cash on hand[240]. Assets and Liabilities - The Company’s cash, cash equivalents, and marketable securities totaled $166.3 million as of August 31, 2023, up from $116.5 million a year earlier, primarily due to increased net earnings and reduced inventories[147]. - Net working capital increased to $351.4 million at August 31, 2023, compared to $316.2 million at August 31, 2022, with cash flows from operating activities rising to $119.7 million from $3.0 million in the prior year[149]. - Total inventory value decreased from $216.1 million in 2022 to $155.9 million in 2023, a reduction of approximately 28%[257]. - Total operating property, plant, and equipment increased from $194.7 million in 2022 to $206.9 million in 2023, a growth of about 6.2%[259]. - Goodwill increased from $67.1 million in 2022 to $83.1 million in 2023, primarily due to the acquisition of FieldWise[260].

Lindsay Corporation (NYSE:LNN) Q4 2023 Results Conference Call October 19, 2023 11:00 AM ET Company Participants Randy Wood - President, CEO Brian Ketcham - CFO Conference Call Participants Nathan Jones - Stifel Brian Wright - ROTH Capital Partners Brian Drab - William Blair Brett Kearney - Gabelli Funds Operator Hello, and welcome to the Lindsay Corporation Fourth Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the confere ...

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 May 31, 2023 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 incorporation o ...

Lindsay Corporation (NYSE:LNN) Q3 2023 Earnings Conference Call June 29, 2023 11:00 AM ET Company Participants Randy Wood - President and Chief Executive Officer Brian Ketcham - Chief Financial Officer Conference Call Participants Nathan Jones - Stifel Brian Drab - William Blair Ryan Connors - Northcoast Research Partners Brian Wright - ROTH MKM Brett Kearney - Gabelli Fund Bill Baldwin - Baldwin Anthony Securities Operator Good day, and welcome to the Lindsay Corporation Third Quarter 2023 Earnings Confere ...