Company Description
Lindsay Corporation (NYSE: LNN) is a global manufacturer and distributor of irrigation and infrastructure equipment and technology. According to multiple company press releases and SEC filings, Lindsay manages its activities through two primary reportable segments: Irrigation and Infrastructure. The company is classified in farm machinery and equipment manufacturing within the broader manufacturing sector.
Established in 1955, Lindsay has focused on research and development of technologies that address the food, fuel, fiber and transportation needs of a growing global population. Its irrigation operations include the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, along with technology solutions such as GPS positioning and guidance, variable rate irrigation, remote irrigation management and scheduling technology, irrigation consulting and design, and industrial IoT solutions. These activities are described in the company’s segment disclosures and repeated in recent earnings releases.
The Lindsay family of irrigation brands, as described in recent news releases, includes Zimmatic™ center pivot and lateral move agricultural irrigation systems, FieldNET™ and FieldWise™ remote irrigation management technology, and FieldNET Advisor™ irrigation scheduling technology. The company also references a suite of SmartPivot™ Solutions, including TowerWatch™, a tower alignment monitor designed to help growers reduce troubleshooting time through alerts from FieldNET Premier.
In its Infrastructure segment, Lindsay manufactures and markets moveable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment. Through Lindsay Transportation Solutions, the company produces equipment aimed at improving road safety and maintaining traffic flow on roads, bridges and tunnels. Key brands mentioned in company communications include Barrier Systems™, Road Zipper™ and Snoline™. The Road Zipper System™ is highlighted in filings and press releases as a contributor to infrastructure revenues through both project sales and leasing activity.
Lindsay states that it operates in the United States and international markets, with the majority of revenue historically coming from the Irrigation segment. Company disclosures and earnings releases emphasize international irrigation activity in regions such as South America and the Middle East and North Africa (MENA), including multi-year supply agreements for Zimmatic irrigation systems and FieldNET remote management and scheduling technology. These projects are described as supporting localized food production, sustainable agriculture and food security objectives in the regions where they are deployed.
From a capital markets perspective, Lindsay’s common stock trades on the New York Stock Exchange under the symbol LNN. The company has described maintaining a strong balance sheet and using share repurchase programs and regular quarterly cash dividends as part of its capital allocation approach, as reflected in recent dividend announcements and an authorized share repurchase program disclosed in both press releases and Form 8-K filings. Proxy materials and earnings releases also reference free cash flow generation, operating margin, and segment performance as key financial and operational metrics monitored by management and the board.
Corporate governance and executive leadership developments are documented through the company’s current reports and proxy statements. Recent SEC filings describe changes in senior management roles, such as appointments to the positions of Senior Vice President and Chief Financial Officer, President of the Irrigation segment, and Vice President and Chief Accounting Officer, as well as the expansion of the board of directors and the appointment of new directors. The company’s definitive proxy statement also discusses its management incentive plans, which link executive compensation to financial performance criteria such as revenue, operating margin percentage and free cash flow.
According to its proxy statement summary, Lindsay positions itself for continued activity in irrigation, infrastructure and industrial technology solutions that conserve natural resources, expand agricultural potential and enhance quality of life. The company highlights investments in modernizing and expanding its manufacturing facilities, collaborations with strategic partners in agricultural technology, and the development of AI-based products within its SmartPivot solutions as examples of its focus on growth and innovation.
Business Segments
Irrigation segment
- Manufactures and markets center pivot, lateral move and hose reel irrigation systems.
- Offers technology solutions including GPS positioning and guidance, variable rate irrigation, remote irrigation management and scheduling technology, irrigation consulting and design, and industrial IoT solutions, as described in company segment disclosures.
- Includes branded products such as Zimmatic™ systems, FieldNET™ and FieldWise™ remote management platforms, FieldNET Advisor™ scheduling technology, and SmartPivot solutions like TowerWatch™.
- Serves both North American and international markets, with company releases highlighting activity in South America, Brazil and the MENA region.
Infrastructure segment
- Manufactures and markets moveable barriers, specialty barriers, crash cushions and end terminals, along with road marking and road safety equipment.
- Operates under brands such as Barrier Systems™, Road Zipper™ and Snoline™, which are cited in multiple company press releases.
- Generates revenues from sales of road safety products and Road Zipper System™ project sales and leases, as reflected in segment discussions in earnings releases.
Geographic and Market Focus
Company communications describe Lindsay as a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. The business operates in the United States and international markets, with specific references to activity in North America, South America, Brazil, the MENA region and Australia in recent earnings discussions. International irrigation revenues and large-scale projects in the MENA region are highlighted in both earnings releases and the definitive proxy statement as important contributors to segment growth.
Capital Allocation and Governance
Press releases and Form 8-K filings describe actions by Lindsay’s board of directors regarding quarterly cash dividends, share repurchase programs, and management incentive plans. The company has announced regular quarterly dividends per share and a new share repurchase program of up to a specified dollar amount of outstanding common stock, with repurchases to be made through open market transactions, privately negotiated transactions or Rule 10b5-1 trading plans. The definitive proxy statement outlines the structure of the management incentive plan, which includes target bonus amounts and performance criteria based on revenue, operating margin percentage and free cash flow.
Governance disclosures in proxy materials and current reports detail the composition of the board, committee structures, and the use of a virtual annual meeting format via live webcast. The proxy statement emphasizes the company’s focus on operational excellence, geographic diversification of its business, and investments in innovation and manufacturing modernization.
Role in Agriculture and Transportation
Across its public communications, Lindsay links its irrigation technologies to the goals of supporting food production and conserving natural resources. The company describes its projects and solutions as helping farm managers enhance productivity, optimize resources and conserve water. In the transportation sector, Lindsay Transportation Solutions is presented as manufacturing equipment designed to improve road safety and maintain traffic flow on roads, bridges and tunnels through its barrier and Road Zipper brands.
Frequently Asked Questions
Stock Performance
Lindsay (LNN) stock last traded at $103.02. Over the past 12 months, the stock has lost 21.0%, ranking #1,681 in 52-week price change. At a market capitalization of $1.1B, LNN is classified as a small-cap stock with approximately 10.5M shares outstanding.
Latest News
Lindsay has 10 recent news articles, with the latest published yesterday. Of the recent coverage, 3 articles coincided with positive price movement and 6 with negative movement. Key topics include dividends, conferences, management. View all LNN news →
SEC Filings
Lindsay has filed 5 recent SEC filings, including 1 Form 3, 1 Form 4, 1 Form 10-Q, 1 Form 8-K. The most recent filing was submitted on April 2, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all LNN SEC filings →
Financial Highlights
Lindsay generated $676.4M in revenue over the trailing twelve months, retaining a 31.2% gross margin, operating income reached $88.1M (13.0% operating margin), and net income was $74.1M, reflecting a 10.9% net profit margin. Diluted earnings per share stood at $6.78. The company generated $132.9M in operating cash flow. With a current ratio of 3.71, the balance sheet reflects a strong liquidity position.
Upcoming Events
Dividend record date
Dividend payable date
Lindsay has 2 upcoming scheduled events. The next event, "Dividend record date", is scheduled for May 15, 2026 (in 40 days). 2 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the LNN stock price.
Short Interest History
Short interest in Lindsay (LNN) currently stands at 397.8 thousand shares, up 2.8% from the previous reporting period, representing 3.9% of the float. Over the past 12 months, short interest has increased by 32.6%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Lindsay (LNN) currently stands at 4.0 days, down 30.4% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 78.4% over the past year, indicating improving liquidity conditions. The ratio has shown significant volatility over the period, ranging from 1.3 to 5.7 days.
LNN Company Profile & Sector Positioning
Lindsay (LNN) operates in the Farm & Heavy Construction Machinery industry within the broader Farm Machinery & Equipment sector and is listed on the NYSE. Among dividend-paying stocks, LNN ranks #1,167 by dividend yield. In monthly performance, the stock ranks #2,079 among all tracked companies.
Investors comparing LNN often look at related companies in the same sector, including Blue Bird (BLBD), Astec Inds Inc (ASTE), Hyster-Yale (HY), Titan Intl (TWI), and Wabash Natl Corp (WNC). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate LNN's relative position within its industry.