---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-001483"
form_type: "8-K"
ticker: "LNN"
cik: "0000836157"
company_name: "LINDSAY CORP"
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T04:24:03.527745+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lindsay Q1 revenue down 8% to $161.4M, EPS $1.36 vs $1.65 YoY; irrigation international sales drop 25%

## Summary
- Net earnings $15.0M ($1.36 diluted EPS) compared to $18.2M ($1.65) in prior year Q1.
- North America irrigation revenue up 7% to $89.4M; international irrigation down 25% to $50.8M.
- Infrastructure segment operating margin improved to 17.1% from 14.0% on higher lease revenue.
- Total backlog fell to $86.8M from $129.6M a year ago; irrigation backlog lower.
- Management cites stable North America demand but cautious international outlook; farm income projections supportive.

## SEC filing metadata
- accession: 0000950170-24-001483
- form_type: 8-K
- ticker: LNN
- cik: 0000836157
- company_name: LINDSAY CORP
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/836157/000095017024001483/0000950170-24-001483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/836157/000095017024001483/lnn-20240104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-001483
- JSON: https://secwatch.observer/filing/0000950170-24-001483.json
- Plain text: https://secwatch.observer/filing/0000950170-24-001483.txt

## Key facts
- Earnings Releases
  LINDSAY CORP reported first quarter ended November 30, 2023 results: revenue $161.4 million, net income $15.0 million, EPS $1.36 per diluted share.
  - Period: first quarter ended November 30, 2023
  - Revenue: $161.4 million
  - Net income: $15.0 million
  - EPS: $1.36 per diluted share
  - Result: reported results
  source text: Revenues for the quarter were $161.4 million, a decrease of $14.8 million, or 8 percent, compared to revenues of $176.2 million in the prior year first quarter. The decrease resulted primarily from lower international irrigation sales compared to prior year first quarter. Operating income for the quarter was $21.1 million, a decrease of $3.5 million, or 14 percent, compared to operating income of $24.6 million in the prior year first quarter. Operating margin was 13.1 percent of sales compared to 14.0 percent of sales in the prior year first quarter. The decrease in operating income and margin resulted primarily from lower revenues as gross margin improved compared to prior year first quarter. Net earnings for the quarter were $15.0 million, or $1.36 per diluted share, compared with net earnings of $18.2 million, or $1.65 per diluted share, in the prior year first quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/836157/000095017024001483/0000950170-24-001483-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.