Lindsay Corporation (LNN): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Lindsay Corporation (LNN), a key player in global irrigation and infrastructure? This article dives into the history, ownership structure, mission, and operational framework of this Nebraska-based company, revealing how it generates revenue and maintains its position in the market. Discover how Lindsay Corporation, with a market cap of $1.38 billion as of April 2025, has evolved since its founding in 1955 to address the world's growing needs for food, fuel, fiber, and transportation, achieving record quarterly net earnings of $26.6 million in Q2 2025.

Lindsay Corporation (LNN) History

Lindsay Corporation Founding Timeline

Year established

The company was established in 1955.

Original location

The company was founded in Lindsay, Nebraska.

Founding team members

The company was founded by Paul Zimmerer.

Initial capital/funding

Information regarding the initial capital or funding is not available in the provided context.

Lindsay Corporation Evolution Milestones

Lindsay Corporation Transformative Moments

• Introduction of Center Pivot Irrigation (1968): This was a pivotal moment, shifting the company's focus to mechanized irrigation and setting the stage for future growth in the agriculture sector.
• Becoming a Public Company (1985): This decision provided access to capital markets, enabling strategic acquisitions and expansions.
• Acquisition of Barrier Systems Inc. (2005): This significantly broadened the company's infrastructure product line and market reach in road safety solutions.
• Acquisition of FieldWise (2023): Integrating FieldWise enhanced the company’s technology offerings, providing advanced remote monitoring and control capabilities for agricultural equipment.

To gain a deeper understanding of the investors and their motivations, explore this insightful piece: Exploring Lindsay Corporation (LNN) Investor Profile: Who’s Buying and Why?

Lindsay Corporation (LNN) Ownership Structure

Lindsay Corporation operates as a public company, meaning its shares are traded on a stock exchange and are available for purchase by the general public. This structure allows for diverse ownership, ranging from individual investors to large institutional shareholders.

Lindsay Corporation's Current Status

Lindsay Corporation is a publicly traded company, listed on the New York Stock Exchange (NYSE) under the ticker symbol LNN. As a public entity, it is subject to regulatory requirements and regular financial reporting, providing transparency to investors and stakeholders. Being publicly traded means that ownership is distributed among numerous shareholders, offering opportunities for investment and participation in the company's growth.

Lindsay Corporation's Ownership Breakdown

The ownership of Lindsay Corporation is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table provides an overview of the company’s ownership structure:

Lindsay Corporation's Leadership

Lindsay Corporation's direction is guided by a team of experienced leaders. As of April 2025, key figures at the helm include:

• Randy Roberts: President and Chief Executive Officer
• Brian Ketcham: Chief Financial Officer

These individuals, along with other members of the executive team and board of directors, are instrumental in setting the strategic direction and overseeing the operations of Lindsay Corporation. More insights about the company's guiding principles can be found at: Mission Statement, Vision, & Core Values of Lindsay Corporation (LNN).

Lindsay Corporation (LNN) Mission and Values

Lindsay Corporation aims to provide innovative water management and infrastructure solutions while upholding integrity, collaboration, and a commitment to customer success and sustainability. The company's core values reflect a dedication to quality, innovation, and making a positive impact on the world.

Lindsay Corporation's Core Purpose

Official mission statement

Lindsay Corporation's mission statement is: 'To provide innovative water management and infrastructure solutions that address critical world needs.'

• Focuses on innovation in both water management and infrastructure.
• Aims to solve significant global challenges.

Vision statement

Lindsay Corporation's vision statement is: 'To be a leading global company providing solutions that enhance productivity, conserve resources, and improve the quality of life.'

• Aims for global leadership in its industry.
• Strives to enhance productivity and conserve resources.
• Seeks to improve the overall quality of life through its solutions.

Company slogan/tagline

Lindsay Corporation's tagline is 'Conserving Resources. Improving Life.'

• Highlights the company's commitment to environmental stewardship.
• Emphasizes the positive impact on people's lives.

More information can be found here: Mission Statement, Vision, & Core Values of Lindsay Corporation (LNN).

Lindsay Corporation (LNN) How It Works

Lindsay Corporation specializes in providing irrigation and infrastructure solutions, operating through two main segments: Irrigation and Infrastructure. The company designs, manufactures, and markets a range of proprietary irrigation systems and infrastructure products that enhance water efficiency and safety on roadways and railways.

Lindsay Corporation's Product/Service Portfolio

Lindsay Corporation's Operational Framework

Lindsay Corporation's operations are structured around two primary segments:

• Irrigation Segment: This involves designing, manufacturing, and distributing center pivot and lateral move irrigation systems, as well as related parts and services. The company focuses on technological advancements to enhance water efficiency and crop yields.
• Infrastructure Segment: This segment produces a variety of infrastructure-related products, focusing on road safety and efficiency. Key products include the Road Zipper System and various transportation safety devices.

Lindsay leverages a network of dealers and distributors to reach its global customer base. The company emphasizes innovation and sustainability, investing in research and development to create advanced solutions that address the evolving needs of the agriculture and infrastructure sectors. For further insights into the company's financial performance, you might find this resource helpful: Breaking Down Lindsay Corporation (LNN) Financial Health: Key Insights for Investors.

Lindsay Corporation's Strategic Advantages

Lindsay Corporation's competitive strengths include:

• Technological Innovation: Continuous investment in R&D to develop advanced irrigation and infrastructure solutions.
• Strong Market Position: Established brand reputation and a significant presence in key markets.
• Comprehensive Product Portfolio: A diverse range of products catering to both the agricultural and infrastructure sectors.
• Global Distribution Network: Extensive network of dealers and distributors ensuring broad market coverage.
• Focus on Sustainability: Commitment to developing environmentally friendly solutions that promote water conservation and safety.

Lindsay Corporation (LNN) How It Makes Money

Lindsay Corporation primarily generates revenue through the sale of irrigation equipment and infrastructure products. These products serve the agricultural and transportation sectors, providing solutions for water management and roadway safety.

Lindsay Corporation's Revenue Breakdown

Lindsay Corporation's revenue is divided into two main segments: Irrigation and Infrastructure. The following table provides a breakdown of these segments:

Lindsay Corporation's Business Economics

Lindsay Corporation's business economics are influenced by several factors, including agricultural commodity prices, government regulations, and infrastructure spending. Here are some key aspects:

• Irrigation Segment: The demand for irrigation equipment is closely tied to agricultural commodity prices. When commodity prices are high, farmers are more likely to invest in irrigation systems to increase crop yields. Government policies and regulations related to water usage also play a significant role.
• Infrastructure Segment: This segment benefits from government spending on infrastructure projects, particularly those related to road safety. Demand is also driven by urbanization and the need for improved transportation infrastructure.
• Pricing Strategies: Lindsay employs various pricing strategies, including value-based pricing, considering the efficiency and water-saving capabilities of their irrigation systems. For infrastructure products, pricing is often competitive, influenced by material costs and project budgets.

Lindsay Corporation's Financial Performance

Lindsay Corporation's financial performance can be assessed through several key metrics:

• Revenue Growth: Lindsay has demonstrated consistent revenue growth, driven by both the Irrigation and Infrastructure segments. For fiscal year 2024, the company reported total revenue of $871.4 million, compared to $781.4 million in fiscal year 2023, which represents an increase of approximately 11.5%.
• Gross Profit Margin: The gross profit margin indicates the profitability of Lindsay's products. In 2024, the gross profit was $254.5 million, or 29.2% of sales compared to $209.3 million, or 26.8% of sales in 2023.
• Operating Income: Operating income reflects the company's earnings from its core business operations. The operating income for fiscal year 2024 was $78.3 million compared to $50.1 million in fiscal year 2023.
• Net Earnings: Net earnings represent the company's total profit after all expenses and taxes. Net earnings for fiscal year 2024 were $57.9 million, or $5.21 per diluted share, compared to $33.3 million, or $3.01 per diluted share, in fiscal year 2023.

To gain a deeper understanding of Lindsay Corporation's financial health, explore this analysis: Breaking Down Lindsay Corporation (LNN) Financial Health: Key Insights for Investors

Lindsay Corporation (LNN) Market Position & Future Outlook

Lindsay Corporation is strategically positioned to capitalize on the increasing demand for efficient irrigation and infrastructure solutions, holding a strong presence in the global market. The company's focus on technological innovation and sustainable practices enhances its prospects for continued growth and market leadership.

Competitive Landscape

Opportunities & Challenges

Industry Position

Lindsay Corporation holds a significant position in both the irrigation and infrastructure markets.

• In the irrigation sector, Lindsay is recognized for its innovative pivot irrigation systems and technological advancements in precision irrigation.
• The company's infrastructure division benefits from increasing investments in road safety and transportation infrastructure, particularly in emerging economies.
• Lindsay's focus on sustainable solutions and water-use efficiency aligns with global trends and enhances its competitive advantage.

Learn more about the company's investors: Exploring Lindsay Corporation (LNN) Investor Profile: Who’s Buying and Why?