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It's like John Deere for smart irrigation systems, providing technology to make farming more efficient and sustainable.

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• Center Pivot and Lateral Move Irrigation Systems: Large-scale irrigation systems designed for efficient water application across agricultural fields.
• Irrigation Controls and Management Systems: Technology solutions for monitoring, automating, and remotely controlling irrigation processes, including specialized software and smartphone applications.
• Hose Reel Travelers: Portable irrigation systems used for flexible water distribution.
• Precision Agriculture Tools: Products like chemical injection systems, variable rate irrigation, flow meters, weather stations, and soil moisture sensors for optimizing crop management.
• Industrial IoT Technology Solutions (Elecsys): Data acquisition and management systems, along with custom electronic equipment for various industrial Internet of Things applications.
• Quickchange Moveable Barrier Systems: Dynamic barrier solutions primarily used for highway construction, maintenance, and traffic management.
• Highway Safety Crash Cushions: Re-directive and non-re-directive devices designed to absorb vehicle impact and enhance safety at fixed roadway hazards.
• Road Marking and Road Safety Equipment: Equipment and products for road marking and general road safety improvements.
• Railroad Signals and Structures: Specialized signals and structural components for the railroad industry.
• Diameter Steel Tubing Products: Steel tubes provided for various industrial and structural applications.
• Outsourced Manufacturing and Production Services: Manufacturing services offered to other companies for their production needs.

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Lindsay Corporation (LNN) primarily sells its products and services to other companies and governmental entities, rather than directly to individuals. Based on the provided description, its major customers fall into the following categories:

• Governmental Transportation Agencies: This includes Departments of Transportation (DOTs) and municipal transportation road agencies, which are key customers for the Infrastructure segment's barrier systems, crash cushions, and other road safety equipment.
• Roadway Contractors and Subcontractors: Companies involved in highway reconstruction, paving, resurfacing, road widening, and other infrastructure projects utilize Lindsay's specialized barrier systems and road safety products.
• Agricultural Businesses and Farms: These are the end-users for the Irrigation segment's center pivot, lateral move irrigation systems (Zimmatic brand), and GrowSmart technologies, often reached through distributors and dealers.
• Distributors and Dealers: Lindsay partners with distributors and dealers across both its Irrigation and Infrastructure segments to market and sell its various products to end-users like farms, contractors, and smaller agencies.
• Other Companies: For which Lindsay provides outsourced manufacturing and production services, though specific names are not provided in the description.

Since the provided text does not list specific names of public or private customer companies, the major customers are described by these categories of entities.

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Randy A. Wood, President & Chief Executive Officer

Randy A. Wood has served as President and Chief Executive Officer of Lindsay Corporation since January 2021. He joined Lindsay in March 2008 and has held various leadership positions, including Chief Operating Officer, President – Irrigation, President – International Irrigation, and Vice President – Americas / ANZ Sales and Marketing. Before joining Lindsay, Mr. Wood spent 11 years at Case Corporation / CNH Global in sales and marketing leadership roles. He holds a Bachelor of Environmental Studies degree from the University of Waterloo and a Master of Business Administration from the University of Colorado. Mr. Wood has also completed the Global Executive Leadership Program at Yale University and attained the Corporate Director Certificate from Harvard Business School. He serves on the board of directors for The Manitowoc Company, Inc., the Nebraska and Omaha Chambers of Commerce, and United Way of the Midlands.

Samuel S. Hinrichsen, Senior Vice President and Chief Financial Officer

Samuel S. Hinrichsen assumed the role of Senior Vice President and Chief Financial Officer on January 1, 2026, having joined Lindsay Corporation on November 3, 2025. His background information details for founding or managing other companies, selling companies, or managing private equity-backed companies were not available in the provided search results.

Eric R. Arneson, Senior Vice President, General Counsel & Secretary

Eric R. Arneson serves as Senior Vice President, General Counsel & Secretary at Lindsay Corporation. His detailed background information was not available in the provided search results.

J. Scott Marion, President - Infrastructure

J. Scott Marion holds the position of President - Infrastructure at Lindsay Corporation. His detailed background information was not available in the provided search results.

Brian J. Magnusson, President - Irrigation

Brian J. Magnusson was appointed as President - Irrigation, effective December 1, 2025. His detailed background information was not available in the provided search results.

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Key Risks for Lindsay Corporation (LNN)

The key risks for Lindsay Corporation primarily stem from its reliance on external funding and environmental factors impacting its two core segments:

1. Fluctuations in Government Infrastructure Spending: A significant portion of Lindsay's Infrastructure segment revenue is dependent on departments of transportation, municipal road agencies, and contractors involved in highway reconstruction, road widening, and safety enhancements. Consequently, delays, reductions, or changes in government funding for infrastructure projects at federal, state, or local levels could directly and negatively impact demand for its Quickchange moveable barrier systems, crash cushions, road marking equipment, and other related products.
2. Agricultural Economic Conditions and Water Resource Availability/Regulations: The Irrigation segment, which manufactures and markets Zimmatic and GrowSmart irrigation systems, is highly sensitive to the economic health of the agricultural sector. Factors such as commodity prices, farmer income, and access to capital for agricultural investments can influence the demand for new irrigation systems and upgrades. Furthermore, increasing water scarcity, stricter water usage regulations, or prolonged droughts could limit the need or ability to implement irrigation systems, thereby impacting sales for this segment.

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The widespread adoption of autonomous vehicles (AVs) and the concurrent development of smart infrastructure pose an emerging threat to aspects of Lindsay's Infrastructure segment. As AV technology matures and becomes more prevalent, the requirements for road safety features such as crash cushions and traditional road markings could fundamentally change. If AVs drastically reduce the incidence of collisions or rely less on visual cues for navigation, the long-term demand for existing physical crash protection systems and conventional road marking equipment might diminish or require significant re-engineering to meet new standards not centered on human drivers. This technological shift, akin to how digital platforms disrupted traditional industries, has the potential to redefine the safety needs of roadways, impacting LNN's current product portfolio in this segment.

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Lindsay Corporation operates in two primary segments: Irrigation and Infrastructure. The addressable markets for its main products and services are as follows:

Irrigation Segment

• Center Pivot and Lateral Move Irrigation Systems: The global mechanized irrigation systems market, which includes center pivot and lateral move systems, is projected to grow from an estimated $12.6 billion in 2024 to approximately $25.2 billion by 2030, at a compound annual growth rate (CAGR) of 12.1%.
• Irrigation Controls (including chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems): The global irrigation automation market size was valued at $6.86 billion in 2025 and is projected to grow to $41.93 billion by 2034, exhibiting a CAGR of 22.28%.
• Industrial Internet of Things (IIoT) Technology Solutions for Agriculture (Elecsys brand): The global agriculture IoT market size was estimated at $28.65 billion in 2024 and is projected to reach $54.38 billion by 2030, growing at a CAGR of 10.5%.

Infrastructure Segment

• Quickchange Moveable Barrier Systems and other Highway Barrier Systems: The global barrier systems market was valued at $22.99 billion in 2024 and is expected to reach $50.38 billion by 2032, at a CAGR of 10.30%. The crash barrier systems segment within this market held the largest revenue share of 35.6% in 2024.
• Re-directive and Non-re-directive Crash Cushions: The global crash barrier system market size is valued at $8.26 billion in 2026 and is projected to reach $11.48 billion by 2034 at a CAGR of 4.20%. This market encompasses products such as crash cushions.
• Road Marking and Road Safety Equipment: The global road marking machine market size was estimated at $8.08 billion in 2024 and is projected to reach $13.83 billion by 2030, growing at a CAGR of 9.4%.
• Railroad Signals and Structures: The global railway signaling system market size was estimated at $18.2 billion in 2024 and is expected to grow from $19.6 billion in 2025 to $42.4 billion in 2034, at a CAGR of 8.9%.

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Lindsay Corporation (LNN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives across its Irrigation and Infrastructure segments:

1. Expansion in International Irrigation Markets and Large-Scale Projects: Lindsay anticipates continued growth in international irrigation markets, particularly in regions such as the Middle East and North Africa (MENA) and South America, including Brazil. This growth is driven by secular demand for irrigation and the successful securing and delivery of large-scale international projects. For instance, the company began delivering a new irrigation project in the MENA region in its fiscal second quarter, expecting to recognize approximately $70 million in revenue from this project during the current fiscal year. International irrigation revenues have seen significant year-over-year growth, largely from projects in the MENA region and increased sales in South America, as countries prioritize food security and water resource management.
2. Growth in the Infrastructure Segment: The Infrastructure segment is a significant driver of revenue, propelled by increased sales of road safety products and successful execution of Road Zipper System projects. The company has reported strong increases in infrastructure segment revenues, with a notable project in the Northeast valued at over $20 million having been completed, and an optimistic outlook on its Road Zipper project sales pipeline.
3. New Product Innovation and Launches: Lindsay's commitment to innovation and new product development is expected to contribute to future revenue. Recent examples include the launch of the AlphaGuard Channelizing Device, a modular and water-fillable barrier system designed for various safety applications like construction zones and pedestrian walkways. Additionally, the company introduced the Road Runner, which is the next generation of truck-mounted attenuators, further expanding its offerings in road safety.

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Share Repurchases

• On November 5, 2025, Lindsay Corporation's Board of Directors authorized a new share repurchase program of up to $150 million of the company's outstanding common stock.
• The company used $30.3 million for share buybacks during the first quarter of fiscal 2026, which ended November 30, 2025.
• In fiscal 2025, Lindsay executed $12 million in opportunistic share repurchases.

Share Issuance

• The company's diluted EPS for fiscal 2025 increased to $6.78 from $6.01 in fiscal 2024, reflecting an increase in net earnings and a slight decrease in the number of shares outstanding.
• As of October 21, 2025, Lindsay Corporation reported approximately 10.8 million shares outstanding.

Outbound Investments

• On January 6, 2025, Lindsay Corporation completed the acquisition of a 49.9% minority interest in Austria-based Pessl Instruments, a global provider of advanced technology solutions for AgTech.
• This investment aims to strengthen Lindsay's position as a leading irrigation management and scheduling solution provider, enhancing its expertise in precision agriculture and data-driven solutions.
• Lindsay retains an option to acquire the remaining interest in Pessl Instruments at a later date.

Capital Expenditures

• Capital expenditures were $29.0 million in fiscal 2024, $18.8 million in fiscal 2023, and $15.6 million in fiscal 2022.
• For fiscal 2025, capital expenditures are expected to range from approximately $50 million to $55 million.
• This anticipated increase in fiscal 2025 capital expenditures is primarily focused on equipment replacement, productivity improvements, new product development, commercial growth investments, and modernization efforts at manufacturing facilities, including a significant $50 million investment in the Nebraska manufacturing facility.