UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-13419 | --- | --- | |---------------------------------------------------------------------------------|------------------------------------------| | (Exact name of registr ...

Financial Data and Key Metrics Changes - Total revenues for Q4 2024 were $155 million, a decrease of 7% compared to Q4 2023. Net earnings for the quarter were $12.7 million or $1.17 per diluted share, down from $19.2 million or $1.74 per diluted share in the prior year [7][8] - For the full fiscal year, total revenues were $607.1 million, a decrease of 10% compared to the previous year. Net earnings for fiscal 2024 were $66.3 million or $6.01 per diluted share, down from $72.4 million or $6.54 per diluted share in the prior year [7][8] Business Line Data and Key Metrics Changes - Irrigation segment revenues for Q4 were $125.9 million, a decrease of 12% year-over-year. North America irrigation revenues increased by 2% to $61.7 million, driven by higher unit sales volumes [8][9] - International irrigation revenues decreased by 23% to $64.2 million, primarily due to lower revenues in Brazil and other Latin American markets [9][10] - Infrastructure segment revenues for Q4 increased by 24% to $29.1 million, driven by higher Road Zipper System sales and lease revenues [11][12] Market Data and Key Metrics Changes - In North America, irrigation volume was slightly up due to storm damage replacement demand, while international markets, particularly Brazil, faced softness due to lower grower profitability [3][4] - The company anticipates continued demand challenges in Brazil and Latin America until farm profitability improves [4][10] Company Strategy and Development Direction - The company is focused on increasing U.S. infrastructure spending and expects positive near-term market opportunities driven by federal funding from the Infrastructure Investments and Jobs Act [5][12] - Investments in technology and innovation are prioritized, with a focus on growing recurring revenue streams from connected devices [6][12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the irrigation market outlook, noting potential headwinds unless there is a significant improvement in net farm income in 2025 [3][4] - The company is actively managing its project pipeline and expects to see growth in international projects, particularly in the MENA region [6][12] Other Important Information - The company completed share repurchases totaling $22.5 million for the year, reflecting a commitment to returning capital to shareholders [13][14] - Total available liquidity at the end of Q4 was $240.9 million, including $190.9 million in cash and cash equivalents [13] Q&A Session Summary Question: Can you comment on the decremental margins for the quarter and the year? - Management indicated that the decremental margins were primarily related to the international irrigation business, with significant impacts from lower revenues in Brazil [15][16] Question: What is the revenue expectation for the Middle East project that started shipping in Q4? - Approximately $14 million was shipped in Q4, with an anticipated $80 million to be shipped throughout fiscal 2025 [17][18] Question: How do you expect the tax rate to trend in fiscal 2025? - The expected tax rate for fiscal 2025 is around 25%, influenced by shifts in income from various jurisdictions [24] Question: What is the outlook for the Road Zipper funnel? - The Road Zipper funnel is expected to grow, supported by federal funding and increased project activity [26][30] Question: Can you elaborate on the storm-related revenues? - Storm damage activity in Q4 was characterized as slightly above average, with expectations for continued demand due to recent hurricanes [34][36]

Lindsay (LNN) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this irrigation equipment maker would post earnings of $1.25 per share when it actually produced earnings of $1.41, delivering a surprise of 12.80%.Over the last four quarters, th ...

movable Exhibit 99.1 18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836 Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2024 Results Improved infrastructure results, steady demand in North America irrigation, and international irrigation project revenue help to partially offset market softness in Brazil OMAHA, Neb., October 24, 2024—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today annou ...

TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Angus Gold (TSXV:GUS) ("Angus" or "the Company") is pleased to announce the appointment of Lindsay Dunlop as Vice President, Investor Relations effective August 19, 2024. Ms. Dunlop is an investor relations professional with over 15 years experience in communications, capital markets and finance primarily in the mining sector. Most recently she was the Vice President, Investor Relations at Wesdome Gold Mines from 2014 – 2024. During her tenure, she created and impl ...

Lindsay Corporation (LNN) delivered adjusted earnings per share of $1.41 in third-quarter fiscal 2024 (ended on May 31, 2024), beating the Zacks Consensus Estimate of $1.25. The bottom line fell 8% year over year. Operational Update The Irrigation segment's revenues fell 19% year over year to around $115 million in the fiscal third quarter. North America irrigation revenues decreased 9% from the year-ago quarter to $68 million due to lower unit sales volumes and reduced sales of replacement parts. Including ...

Financial Performance - Operating revenues for the three months ended May 31, 2024, were $139,199 thousand, a decrease of 15.4% compared to $164,553 thousand for the same period in 2023[7] - Gross profit for the nine months ended May 31, 2024, was $145,356 thousand, down 9.4% from $160,499 thousand in the prior year[7] - Net earnings for the three months ended May 31, 2024, increased to $20,379 thousand, compared to $16,881 thousand for the same period in 2023, representing a growth of 20.5%[8] - Basic earnings per share for the nine months ended May 31, 2024, was $4.86, a slight increase from $4.83 in the same period of 2023[7] - Net earnings for the nine months ended May 31, 2024, were $53,521 thousand, compared to $53,150 thousand for the same period in 2023, reflecting a growth of 0.7%[20] - Total comprehensive income for the nine months ended May 31, 2024, was $49,529 thousand, down from $52,016 thousand in the previous year, indicating a decrease of approximately 4.8%[20] Assets and Liabilities - Total assets as of May 31, 2024, were $758,101 thousand, an increase from $723,618 thousand as of May 31, 2023[11] - Total liabilities decreased to $278,105 thousand as of May 31, 2024, from $286,822 thousand as of May 31, 2023[11] - Shareholders' equity increased to $479,996 thousand as of May 31, 2024, compared to $436,796 thousand a year earlier, reflecting a growth of 9.9%[11] - Cash and cash equivalents increased to $140,221 thousand as of May 31, 2024, compared to $131,577 thousand a year earlier[11] - The balance of retained earnings increased to $678,261 thousand as of May 31, 2024, from $620,922 thousand as of May 31, 2023, representing a growth of 9.2%[20] Cash Flow and Dividends - Cash dividends paid increased to $11,557 thousand for the nine months ended May 31, 2024, compared to $11,228 thousand in the same period of 2023, representing a rise of 2.9%[20] - The company declared cash dividends of $0.35 per share for the three months ended May 31, 2024, up from $0.34 in the same period of 2023[7] - Operating activities provided net cash of $42,650 thousand for the nine months ended May 31, 2024, down from $59,168 thousand in the prior year, a decrease of 28.0%[20] Stock and Shareholder Actions - The company repurchased common stock amounting to $17,900 thousand during the nine months ended May 31, 2024, while there were no repurchases in the same period of the previous year[20] - As of May 31, 2024, the Company had repurchased 154 thousand shares for $17.9 million, with $46.0 million remaining available for future repurchases[66][67] Revenue Segments - Irrigation segment revenues decreased 19% to $114.8 million, while infrastructure segment revenues increased 11% to $24.4 million for the three months ended May 31, 2024[77] - The irrigation segment accounted for 83% of the Company's revenue during the three months ended May 31, 2024, down from 87% in the same period of 2023[87] - International irrigation revenues for the three months ended May 31, 2024, decreased by 31% to $46.6 million from $67.5 million in the same period in 2023[89] Tax and Regulatory Matters - The effective income tax rate for the three months ended May 31, 2024, was -1.0%, compared to 34.4% for the same period in 2023, due to a discrete tax benefit of $4.8 million recognized in Brazil[94] - The company recorded an income tax benefit of $0.2 million for the three months ended May 31, 2024, compared to an expense of $8.9 million in the same period of 2023[39] Market Conditions and Future Outlook - U.S. corn prices decreased approximately 24% and U.S. soybean prices decreased approximately 7% from May 2023 levels, impacting demand for irrigation equipment[80] - The USDA estimated 2024 U.S. net farm income to be $116.1 billion, a decrease of 26% from the forecasted 2023 level of $155.9 billion[80] - The Company announced a multi-year supply agreement for irrigation systems in the MENA region, valued at over $100 million, expected to be recognized from Q4 fiscal 2024 through Q1 fiscal 2026[82] Environmental and Legal Matters - The total environmental remediation liabilities as of May 31, 2024, amounted to $10,632,000, down from $12,300,000 on May 31, 2023, indicating a decrease of approximately 13.6%[61] - The company is involved in multiple product liability lawsuits related to its X-Lite® end terminal, which may lead to additional lawsuits in the future[53]

3rd 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 ...

Lindsay (LNN) reported $139.2 million in revenue for the quarter ended May 2024, representing a year-overyear decline of 15.4%. EPS of $1.41 for the same period compares to $1.53 a year ago. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. View all Key Company Metrics for Lindsay here>>> While investors scrutinize revenue and earnings ...

This quarterly report represents an earnings surprise of 12.80%. A quarter ago, it was expected that this irrigation equipment maker would post earnings of $1.52 per share when it actually produced earnings of $1.64, delivering a surprise of 7.89%. Lindsay, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $139.2 million for the quarter ended May 2024, missing the Zacks Consensus Estimate by 8.68%. This compares to year-ago revenues of $164.55 million. The company has to ...