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.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 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

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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

Revenue91011126$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 profit9101113126$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 income9101113126$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 income9101113126$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

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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.

Chief executive

  1. Owen Denman2006–2008
  2. Rick Parod2006–2017
  3. Timothy L. Hassinger2017–2020
  4. Randy A. Wood2021–now

President

  1. Rick Parod2006–2017
  2. David B. Downing2008–2009
  3. Thomas Dale Spears2009
  4. Barry Ruffalo2011–2015
  5. Timothy L. Hassinger2017–2020
  6. James Scott Marion2018–2019
  7. Randy A. Wood2019–2020
  8. Gustavo E. Oberto2020–2025
  9. Brian James Magnusson2025–now

Chief financial officer

  1. David B. Downing2006–2010
  2. James C. Raabe2011–2015
  3. Brian L. Ketcham2016–now

Chief operating officer

  1. Randy A. Wood2020
197019801990200020102020
Board members and other officers (30)

Former names

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

Timeline

  1. Jan 6, 2021New chief executive Randy A. Wood becomes CEO18
  2. Oct 17, 2017New chief executive Timothy L. Hassinger becomes CEO19
  3. Nov 3, 2006New chief executive Rick Parod becomes CEO21
  4. Jun 5, 2006New chief executive Owen Denman becomes CEO20
  5. 1955Founded Founded1

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.

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.

Sources

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