Lindsay Corporation · NYSE:LNN
Lindsay — Q4 2025 Earnings Presentation
19 slides from Lindsay's earnings presentation, Oct 23, 2025
Slide 1: 4th Quarter Fiscal 2025 Earnings Presentation
4th Quarter Fiscal 2025 Earnings Presentation
Slide 2: Safe-Harbor Statement
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. Y
Slide 3: Key Highlights for Fiscal 2025
Key Highlights for Fiscal 2025 + Double digit revenue and operating income growth in both Irrigation and Infrastructure + International irrigation revenues exceed North America irrigation revenues for the first time in Company history, primarily driven by project sales in the MENA region + Infrastru
Slide 4: Fourth Quarter Summary
Fourth Quarter Summary $ in millions Revenue Operating Income Diluted EPS (with operating margin) $155.0 $153.6 -1% $1.17 $13.5 -16% $0.99 -15% $11.3 8.7% 7.4% FY24 FY25 FY24 FY25 FY24 FY25 + Revenues decreased $1.4 million, or 1 percent, compared to the prior year • Irrigation increased $3.2 millio
Slide 5: Fiscal 2025 Summary
Fiscal 2025 Summary $ in millions Revenue Operating Income Diluted EPS (with operating margin) $676.4 +11% $88.1 +15% $607.1 $76.6 $6.78 +13% $6.01 13.0% 12.6% FY24 FY25 FY24 FY25 FY24 FY25 + Revenues increased $69.3 million, or 11 percent, compared to the prior year • Irrigation increased $54.1 mil
Slide 6: Irrigation – Current Market Factors
Irrigation – Current Market Factors + In September, the USDA estimated 2025 U.S. net farm income to be $179.8 billion, an increase of 41 percent from 2024 U.S. net farm income of $127.8 billion • The projected increase is based mainly on higher government support payments • Cash receipts for crops a
Slide 7: Irrigation Revenue and Operating Income
$ in millions Revenue $129.0 $125.9 +3% + North America revenue of $50.0 million decreased 19 percent • Lower unit sales volume compared to the prior year, due to lower storm damage replacement demand and soft market conditions • Higher average selling prices compared to the prior year • Unit sales
Slide 8: Infrastructure – Current Market Factors
Infrastructure – Current Market Factors + Infrastructure Investment and Jobs Act (IIJA) funding includes $110 billion in incremental federal funding for roads, bridges, and other transportation projects and runs through September 2026 + Inflation on material prices and labor costs have offset some o
Slide 9: Infrastructure Revenue and Operating Income
$ in millions Revenue $29.1 $24.5 -16% + Revenue of $24.5 million decreased 16 percent • Lower Road Zipper System sales and lease revenues • Prior year included Road Zipper System project sales that did not repeat • Sales of road safety products were slightly higher FY24 FY25 compared to the prior y
Slide 10: Ample Liquidity to Execute Capital Allocation Priorities
Ample Liquidity to Execute Capital Allocation Priorities Current No Near-Term Substantial Room to Liquidity Debt Maturities Add Leverage $300M $115M 0.9x Available liquidity Total Debt Gross Debt to EBITDA leverage 2030 Maturity 10 © 2025 Lindsay Corporation
Slide 11: Capital Allocation Priorities
Capital Allocation Priorities Support Growth • Working capital to support sales growth and Profitability of • New product development Current Businesses • Capacity and productivity investments • Align with strategic growth priorities Acquisitions • Leverage or add to existing capabilities • Deliver
Slide 12: Innovation Leadership: Addressing Global Megatrends
Innovation Leadership: Addressing Global Megatrends Megatrends Innovation Leadership Innovative sustainable Land Food Security Water Scarcity Availability solutions for growers across the globe Capitalizing on global Mobilizing global megatrends Aging Increased populations safely Mobility Safety Inf
Slide 13: Strong Commitment to Sustainable Practices
Strong Commitment to Sustainable Practices Our mission is to conserve natural resources, expand our world’s potential, and enhance the quality of life for people. Investing in Improving our Empowering and Engaging in Operating sustainable operational protecting our our local with technologies footpr
Slide 14: Appendix
Appendix 14 © 2025 Lindsay Corporation
Slide 15: U.S. Corn Prices
U.S. Corn Prices USD/BU 15 © 2025 Lindsay Corporation Source: Trading Economics
Slide 16: U.S. Soybean Prices
U.S. Soybean Prices USD/BU 16 © 2025 Lindsay Corporation Source: Trading Economics
Slide 17: United States Drought Condition
United States Drought Condition 2024 2025 Source: US Drought Monitor, October 2024/2025 17 © 2025 Lindsay Corporation
Slide 18: Soybean Cash Price Index – Brazil
Soybean Cash Price Index – Brazil R$/bag 2023 2024 2025 18 Source:Cepea © 2025 Lindsay Corporation
Slide 19: Brazil Central Bank Interest Rate
Brazil Central Bank Interest Rate Percent 19 © 2025 Lindsay Corporation Source: Trading Economics| Banco Central do Brasil