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]

For the quarter ended November 2024, Lindsay (LNN) reported revenue of $166.28 million, up 3.1% over the same period last year. EPS came in at $1.57, compared to $1.36 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $165.83 million, representing a surprise of +0.27%. The company delivered an EPS surprise of +17.16%, with the consensus EPS estimate being $1.34.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

1st Quarter Fiscal 2025 Earnings Slide Deck Safe-Harbor Statement This presentation contains forward-looking statements that are subject to risks and uncertainties, and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance, financial results and planned financing. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange C ...

Lindsay (LNN) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.16%. A quarter ago, it was expected that this irrigation equipment maker would post earnings of $1.04 per share when it actually produced earnings of $1.17, delivering a surprise of 12.50%.Over the last four quarters, th ...

[Fiscal 2025 First Quarter Results Overview](index=1&type=section&id=Fiscal%202025%20First%20Quarter%20Results%20Overview) Lindsay Corporation reported strong Q1 FY25 results with revenue growth, expanded net earnings, and strategic investments in irrigation and infrastructure [Key Highlights](index=1&type=section&id=Key%20Highlights) Lindsay Corporation reported revenue growth and expanded net earnings in Q1 FY25, driven by international irrigation projects. The company also announced a significant Road Zipper System contract and a strategic minority investment in Pessl Instruments GmbH to enhance water management solutions - Revenue growth and expansion to net earnings achieved despite cyclical challenges in mature irrigation markets, supported by international irrigation business[2](index=2&type=chunk) - Infrastructure business revenues were slightly lower, but diligent cost management and manufacturing efficiency led to expanded margins and higher operating income[2](index=2&type=chunk) - Finalized a Road Zipper System™ contract valued at over **$20 million**, expected to be fully delivered in fiscal second quarter[2](index=2&type=chunk) - Closed acquisition of a minority interest in Pessl Instruments GmbH, aiming to accelerate innovations in water management, increase global reach, and provide new solutions[2](index=2&type=chunk) [First Quarter Consolidated Financial Summary](index=1&type=section&id=First%20Quarter%20Summary) For the first quarter of fiscal 2025, Lindsay Corporation reported a 3% increase in total revenues to $166.3 million, primarily due to international irrigation growth. Net earnings rose by 14% and diluted EPS by 15%, benefiting from increased other income and a lower effective tax rate, despite a slight decrease in operating income Consolidated Financial Summary (Q1 FY2025 vs Q1 FY2024) | (dollars in millions, except per share amounts) | FY2025 | FY2024 | $ Change | % Change | | :------------------------------------ | :----- | :----- | :------- | :------- | | Total revenues | $166.3 | $161.4 | $4.9 | 3% | | Operating income | $20.9 | $21.1 | ($0.2) | (1%) | | Operating margin | 12.6% | 13.1% | | | | Net earnings | $17.2 | $15.0 | $2.1 | 14% | | Diluted earnings per share | $1.57 | $1.36 | $0.21 | 15% | - Revenue growth was driven by an increase in international irrigation revenues, partially offset by decreases in North America irrigation and infrastructure revenues[3](index=3&type=chunk) - Net earnings and diluted earnings per share increased by **14%** and **15%** respectively, benefiting from an increase in other income and a lower effective income tax rate[5](index=5&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Performance) The company's segments showed mixed performance, with strong international irrigation growth offsetting North America declines, while infrastructure improved margins despite lower revenue, leading to a significant backlog increase [Irrigation Segment](index=2&type=section&id=Irrigation%20Segment) The Irrigation segment's total revenues increased by 5% to $147.1 million, primarily due to strong international performance, which offset a decline in North America. Operating income for the segment decreased by 2% to $24.7 million, with operating margin contracting due to a higher proportion of lower-margin international project revenues Irrigation Segment Revenues (Q1 FY2025 vs Q1 FY2024) | (dollars in millions) | FY2025 | FY2024 | $ Change | % Change | | :-------------------- | :----- | :----- | :------- | :------- | | North America | $77.7 | $89.4 | ($11.7) | (13%) | | International | $69.4 | $50.8 | $18.6 | 37% | | Total revenues | $147.1 | $140.2 | $6.9 | 5% | Irrigation Segment Operating Income (Q1 FY2025 vs Q1 FY2024) | (dollars in millions) | FY2025 | FY2024 | $ Change | % Change | | :-------------------- | :----- | :----- | :------- | :------- | | Operating income | $24.7 | $25.3 | ($0.6) | (2%) | | Operating margin | 16.8% | 18.1% | | | - The decrease in operating income and operating margin resulted primarily from a higher proportion of international project revenues, which were dilutive to overall margin[8](index=8&type=chunk) [North America Irrigation](index=2&type=section&id=North%20America%20Irrigation) North America irrigation revenues declined by 13% due to lower unit sales volume, a less favorable product mix, and slightly lower average selling prices, influenced by a projected reduction in net farm income - North America irrigation revenues decreased by **$11.7 million**, or **13%**, to **$77.7 million**[6](index=6&type=chunk) - The decrease was primarily due to lower unit sales volume, a less favorable mix of shorter machines, and slightly lower average selling prices, driven by lower demand due to a projected reduction in net farm income for calendar 2024[6](index=6&type=chunk) [International Irrigation](index=2&type=section&id=International%20Irrigation) International irrigation revenues surged by 37%, largely driven by a major project in the MENA region and increased sales in Europe and parts of Latin America, despite some headwinds from lower sales in Brazil and unfavorable foreign currency translation - International irrigation revenues increased by **$18.6 million**, or **37%**, to **$69.4 million**[7](index=7&type=chunk) - The increase resulted primarily from revenues related to a large project in the MENA region, along with higher sales in Europe and certain regions of Latin America, partially offset by lower sales in Brazil[7](index=7&type=chunk) - Revenues were unfavorably impacted by foreign currency translation of approximately **$2.1 million**[7](index=7&type=chunk) [Infrastructure Segment](index=2&type=section&id=Infrastructure%20Segment) The Infrastructure segment experienced a 9% revenue decrease to $19.2 million, mainly due to project timing and lower road safety product sales. However, operating income increased by 14% to $4.1 million, with operating margin expanding significantly to 21.5%, driven by improved manufacturing efficiency and reduced operating expenses Infrastructure Segment Performance (Q1 FY2025 vs Q1 FY2024) | (dollars in millions) | FY2025 | FY2024 | $ Change | % Change | | :-------------------- | :----- | :----- | :------- | :------- | | Total revenues | $19.2 | $21.2 | ($2.0) | (9%) | | Operating income | $4.1 | $3.6 | $0.5 | 14% | | Operating margin | 21.5% | 17.1% | | | - Revenue decrease primarily resulted from a difference in the timing of Road Zipper System lease revenues and lower sales of road safety products[9](index=9&type=chunk) - Increased operating income and operating margin resulted primarily from improved manufacturing efficiency and lower operating expenses[10](index=10&type=chunk) [Backlog](index=2&type=section&id=Backlog) The company's backlog of unfulfilled orders significantly increased to $168.2 million at November 30, 2024, more than doubling from the prior year, primarily driven by a large international irrigation project Backlog of Unfulfilled Orders | Date | Backlog (millions) | | :--------------- | :----------------- | | November 30, 2024 | $168.2 | | November 30, 2023 | $86.8 | - The increase in backlog was primarily due to the addition of the large project in the MENA region[11](index=11&type=chunk) - Included in the November 30, 2024 backlog is **$17.4 million** for orders not expected to be fulfilled within the subsequent 12 months[11](index=11&type=chunk) [Outlook](index=2&type=section&id=Outlook) Management anticipates continued soft market conditions in North America and Brazil irrigation in the near term, but sees signs of stabilization and improvement. Growth is expected in developing international markets and the infrastructure business, supported by new projects and federal funding - Softer market conditions in North America and Brazil irrigation markets are expected to continue in the near term, though indications suggest nearing the trough of the cycle with some stabilization and improvement in commodity prices[12](index=12&type=chunk) - New state-level financing programs in Brazil are expected to provide additional clarity and support for irrigation investments[12](index=12&type=chunk) - Continued growth is expected in developing international markets, highlighted by project activity in the MENA region[12](index=12&type=chunk) - Growth in the infrastructure business is anticipated in fiscal 2025, supported by a large Road Zipper System project and U.S. federal infrastructure funding, despite construction cost inflation[12](index=12&type=chunk) [Company Information](index=3&type=section&id=Company%20Information) This section provides an overview of Lindsay Corporation's business, forward-looking statement disclaimers, contact details, and conference call information [About Lindsay Corporation](index=3&type=section&id=About%20the%20Company) Lindsay Corporation is a global leader in manufacturing and distributing irrigation and infrastructure equipment and technology, established in 1955. The company offers innovative solutions for agriculture and transportation through brands like Zimmatic™, FieldNET™, Barrier Systems™, and Road Zipper™ - Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, established in 1955[14](index=14&type=chunk) - Irrigation brands include Zimmatic™ center pivot and lateral move systems, FieldNET™ and FieldWise™ remote irrigation management technology, and FieldNET Advisor™[14](index=14&type=chunk) - Transportation brands include Barrier Systems™, Road Zipper™, and Snoline™ for road safety and traffic management[14](index=14&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Concerning%20Forward-looking%20Statements) This section serves as a disclaimer, indicating that the release contains forward-looking statements subject to risks and uncertainties, reflecting management's current beliefs. The company claims protection under the Private Securities Litigation Reform Act of 1995 and undertakes no obligation to update such information - The release contains forward-looking statements subject to risks and uncertainties, reflecting management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results[15](index=15&type=chunk) - The Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995[15](index=15&type=chunk) [Contact Information](index=3&type=section&id=For%20further%20information%2C%20contact%3A) Contact details for investor relations inquiries are provided, including the Vice President of Investor Relations & Treasury and Alpha IR - For further information, contact Alicia Pfeifer, Vice President, Investor Relations & Treasury, or Joe Caminiti/Stephen Poe at Alpha IR[16](index=16&type=chunk) [First Quarter Conference Call](index=3&type=section&id=First%20Quarter%20Conference%20Call) Details for the investor conference call regarding Lindsay's fiscal 2025 first quarter results are provided, including dial-in information and access via the company's website - Lindsay's fiscal 2025 first quarter investor conference call is scheduled for **11:00 a.m. Eastern Time on January 7, 2025**[13](index=13&type=chunk) - Interested investors can participate by dialing **(833) 535-2202 (U.S.)** or **(412) 902-6745 (international)**, or via live simulcast on the investor relations section of www.lindsay.com[13](index=13&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) This section presents the unaudited condensed consolidated statements of earnings, segment operating results, balance sheets, and cash flows for the reported periods [Condensed Consolidated Statements of Earnings](index=4&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20EARNINGS) This section presents the unaudited condensed consolidated statements of earnings for the three months ended November 30, 2024, and November 30, 2023, detailing revenues, expenses, and net earnings Condensed Consolidated Statements of Earnings (Three months ended November 30) | (in thousands, except per share amounts) | 2024 | 2023 | | :------------------------------------- | :-------- | :-------- | | Operating revenues | $166,281 | $161,358 | | Cost of operating revenues | 116,315 | 111,453 | | Gross profit | 49,966 | 49,905 | | Total operating expenses | 29,083 | 28,831 | | Operating income | 20,883 | 21,074 | | Total other income (expense) | 1,151 | (79) | | Earnings before income taxes | 22,034 | 20,995 | | Income tax expense | 4,870 | 5,976 | | Net earnings | $17,164 | $15,019 | | Earnings per share: | | | | Basic | $1.58 | $1.36 | | Diluted | $1.57 | $1.36 | | Cash dividends declared per share | $0.36 | $0.35 | [Summary Operating Results by Segment](index=5&type=section&id=SUMMARY%20OPERATING%20RESULTS) This section provides a detailed breakdown of operating revenues and operating income for the Irrigation and Infrastructure segments for the three months ended November 30, 2024, and 2023, along with descriptions of each segment's activities Operating Revenues by Segment (Three months ended November 30) | (in thousands) | 2024 | 2023 | | :------------------ | :-------- | :-------- | | Irrigation: | | | | North America | $77,669 | $89,377 | | International | 69,418 | 50,791 | | Irrigation segment | 147,087 | 140,168 | | Infrastructure segment | 19,194 | 21,190 | | Total operating revenues | $166,281 | $161,358 | Operating Income by Segment (Three months ended November 30) | (in thousands) | 2024 | 2023 | | :------------------ | :-------- | :-------- | | Irrigation segment | $24,736 | $25,307 | | Infrastructure segment | 4,124 | 3,619 | | Corporate | (7,977) | (7,852) | | Total operating income | $20,883 | $21,074 | - The Irrigation segment includes manufacturing and marketing of center pivot, lateral move, and hose reel irrigation systems, as well as various innovative technology solutions[20](index=20&type=chunk) - The Infrastructure segment includes manufacturing and marketing of moveable barriers, specialty barriers, crash cushions, end terminals, and road marking and road safety equipment[21](index=21&type=chunk) [Condensed Consolidated Balance Sheets](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) This section presents the unaudited condensed consolidated balance sheets as of November 30, 2024, November 30, 2023, and August 31, 2024, detailing assets, liabilities, and shareholders' equity Key Balance Sheet Items (in thousands) | (in thousands) | Nov 30, 2024 | Nov 30, 2023 | Aug 31, 2024 | | :------------------------- | :----------- | :----------- | :----------- | | Total assets | $771,001 | $763,918 | $760,232 | | Total liabilities | 282,542 | 297,058 | 279,339 | | Total shareholders' equity | 488,459 | 466,860 | 480,893 | Current Assets (in thousands) | (in thousands) | Nov 30, 2024 | Nov 30, 2023 | Aug 31, 2024 | | :---------------------- | :----------- | :----------- | :----------- | | Cash and cash equivalents | $194,066 | $159,381 | $190,879 | | Receivables, net | 120,875 | 143,049 | 116,601 | | Inventories, net | 158,255 | 164,144 | 154,453 | | Total current assets | 502,144 | 501,302 | 493,212 | Current Liabilities (in thousands) | (in thousands) | Nov 30, 2024 | Nov 30, 2023 | Aug 31, 2024 | | :---------------------- | :----------- | :----------- | :----------- | | Accounts payable | $53,185 | $52,242 | $37,417 | | Other current liabilities | 76,435 | 89,502 | 88,171 | | Total current liabilities | 129,849 | 141,971 | 125,816 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) This section presents the unaudited condensed consolidated statements of cash flows for the three months ended November 30, 2024, and November 30, 2023, outlining cash flows from operating, investing, and financing activities Cash Flows from Operating Activities (Three months ended November 30) | (in thousands) | 2024 | 2023 | | :--------------------------------- | :-------- | :-------- | | Net earnings | $17,164 | $15,019 | | Net cash provided by operating activities | 21,603 | 21,872 | Cash Flows from Investing Activities (Three months ended November 30) | (in thousands) | 2024 | 2023 | | :--------------------------------- | :-------- | :-------- | | Purchases of property, plant, and equipment | (9,142) | (6,941) | | Net cash used in investing activities | (8,806) | (18,201) | Cash Flows from Financing Activities (Three months ended November 30) | (in thousands) | 2024 | 2023 | | :--------------------------------- | :-------- | :-------- | | Dividends paid | (3,912) | (3,861) | | Net cash used in financing activities | (5,310) | (5,380) | - Cash and cash equivalents at the end of the period were **$194,066 thousand**, an increase of **$3,187 thousand** during the quarter[27](index=27&type=chunk)

Producers around the world benefit from strategic investment in agricultural solutionsOMAHA, Neb., Jan. 6, 2025 /PRNewswire/ -- Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced it has completed its acquisition of a 49.9 percent minority interest in Austria-based Pessl Instruments.The investment in Pessl, a global provider of advanced technology solutions, helps advance Lindsay's efforts to drive signific ...