---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-041612"
form_type: "8-K"
ticker: "LNN"
cik: "0000836157"
company_name: "LINDSAY CORP"
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:39:01.476430+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lindsay Q2 revenue down 9% to $151.5M; announces 49.9% minority investment in Pessl Instruments

## Summary
- Revenue $151.5M, down 9% YoY; EPS $1.64 vs $1.63, boosted by $1.1M Brazil tax benefit and higher other income.
- Irrigation segment revenue $133.0M (-10% YoY), with North America down 8% and international down 13% on Brazil weakness.
- Infrastructure segment revenue flat at $18.5M, but operating income up 74% to $3.5M on higher Road Zipper System lease mix.
- Acquired 49.9% minority stake in Pessl Instruments (Austrian agtech firm) with option to buy remainder in 2.5-5 years; expected close in H2 FY2024.
- Guidance: USDA projects decline in 2024 net farm income; Lindsay expects near-term headwinds for irrigation but continued infrastructure growth.

## SEC filing metadata
- accession: 0000950170-24-041612
- form_type: 8-K
- ticker: LNN
- cik: 0000836157
- company_name: LINDSAY CORP
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/836157/000095017024041612/0000950170-24-041612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/836157/000095017024041612/lnn-20240403.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-041612
- JSON: https://secwatch.observer/filing/0000950170-24-041612.json
- Plain text: https://secwatch.observer/filing/0000950170-24-041612.txt

## Key facts
- Earnings Releases
  LINDSAY CORP reported second quarter ended February 29, 2024 results: revenue $151.5 million, net income $18.1 million, EPS $1.64 per diluted share.
  - Period: second quarter ended February 29, 2024
  - Revenue: $151.5 million
  - Net income: $18.1 million
  - EPS: $1.64 per diluted share
  - Result: reported results
  source text: and infrastructure equipment and technology, today announced results for its second quarter ended on February 29, 2024. Key Highlights • Total revenues decreased 9 percent to $151.5 million on lower irrigation revenues • Increased Road Zipper SystemTM lease revenues support accretive sales mix shift and improved infrastructure results • Diluted earnings per share of
  evidence_url: https://www.sec.gov/Archives/edgar/data/836157/000095017024041612/0000950170-24-041612-index.htm

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