LINDSAY CORP

Lindsay Corporation

Introduction

Lindsay Corporation and its subsidiaries design, manufacture, and sell water management and road infrastructure products and services. The company operates through two reporting segments: Irrigation and Infrastructure. Lindsay is incorporated in Delaware and headquartered in Omaha, Nebraska, with primary production facilities in the United States and additional international operations and distribution networks.

Irrigation segment

What it does

• Designs, manufactures, and markets irrigation systems and controls for agriculture, including center pivot and lateral move systems, hose reel travelers, and related components.
• Develops and sells IIoT and data-enabled irrigation technology for remote monitoring, automation, and analytics under the FieldNET, FieldNET Advisor, and FieldWise brands. FieldNET is marketed through Zimmatic dealers; FieldNET Advisor and FieldWise are used with non-Zimmatic dealers or directly with customers.
• Provides contract manufacturing services such as steel tubing production, hot-dip galvanization, fabrication, welding, finishing, and assembly for third parties.

Key products and brands

• Center pivot and lateral move systems (primarily under the Zimmatic brand); hose reel travelers under the Perrot brand.
• Controls and data/automation tools: FieldNET, FieldNET Advisor, FieldWise.
• Data integration with METOS weather and soil moisture products through partnerships.
• Other irrigation equipment: chemical injection systems, variable rate irrigation, flow meters, weather stations, soil moisture sensors, and remote monitoring/control systems.
• Contract manufacturing services for third parties.

Geographic and market footprint

• U.S. manufacturing facilities: Lindsay, Nebraska; Olathe, Kansas; Norfolk, Nebraska.
• International operations: Brazil, France, China, Türkiye, South Africa; distribution/sales in the Netherlands, Egypt, Australia, and New Zealand.
• Exports from U.S. and global facilities to other international markets.

Market dynamics and competition

• Competes on product innovation (GPS positioning, variable rate irrigation, wireless management, mobile apps), dealer networks, service, and total system solutions.
• Competes with other irrigation methods (flood, drip, etc.) and emphasizes the advantages of center pivot/lateral move systems for labor savings, precision application, fertigation/chemigation, and suitability for uneven or large fields.
• Approximately half of irrigation segment revenue is international (about 52% in fiscal 2026 and 2025).

Customers

• In fiscal 2026 and 2025, one irrigation customer accounted for 12% and 13% of consolidated revenues related to a large irrigation project in the MENA region.

Infrastructure segment

What it does

• Manufactures and markets road safety and traffic management products and systems, including moveable barriers, crash cushions, road marking and safety equipment, and railroad signals and components.
• Supplies technology to monitor critical safety infrastructure on roadways and leases equipment for Road Zipper systems and related applications.

Key products and brands

• Quickchange Moveable Barrier system (Road Zipper System) with Barrier Transfer Machine.
• Crash cushions: TAU family (TAU, TAU-II, TAU-II-R, TAU-B_NR, TAU-XR, TAU-TUBE), ABSORB 350, ABSORB-M, Walt, and others.
• Specialty barriers: SAB, ArmorGuard, PaveGuard, DR46.
• Road marking and safety equipment: preformed tape, delineation products, and safety accessories.
• ISO/testing capabilities for highway safety products (NCHRP Report 350, MASH, EN1317).
• Railroad signals and related products.

Geographic and market footprint

• Primary infrastructure manufacturing facilities: Rio Vista, California; Milan, Italy; Lindsay, Nebraska.
• Markets served include the U.S. and international regions through distributors and direct sales.

Market dynamics and competition

• Faces multiple vendors across product lines; limited competition in the moveable barrier line but competition from traditional safety barriers in some segments.
• Distribution channels include dedicated sales forces, distributors, and third-party representatives.

Customers

• Customers include departments of transportation, municipal agencies, contractors, distributors, and resellers. Project-based timing results in a shifting customer base from year to year.

Seasonality

• Infrastructure sales align with prime road construction seasons, producing higher sales in fiscal quarters that coincide with construction activity.

Financial and operational highlights (fiscal year ending 2026)

• Employees: 1,083 as of August 31, 2026.
• Backlog: $102.5 million as of August 31, 2026, including $17.6 million and $9.8 million of orders not expected to be fulfilled within the following twelve months.
• International share (Irrigation): Approximately 52% of irrigation segment revenues in both fiscal 2026 and 2025.
• Foreign currency exposure: About 35% of total consolidated revenues in 2026 and 34% in 2025 were in currencies other than the U.S. dollar.
• Capital expenditures: $40.2 million (2026); $42.5 million (2025); $29.0 million (2024). The company expects approximately $40.0 million in 2027 for productivity, modernization, and growth investments.
• Intellectual property: Owns or licenses patents and trademarks for irrigation and infrastructure solutions, including Zimmatic, Perrot, FieldNET, FieldNET Advisor, FieldWise, Road Zipper, Quickchange Moveable Barrier, the TAU family of crash cushions, SAB, ArmorGuard, PaveGuard, and DR46.
• Currency and hedging: Most transactions are in U.S. dollars; exports and some foreign sales occur in other currencies. The company hedges transactional and net investment exposures as appropriate.

Corporate and operations

• Structure: Delaware corporation with corporate offices in Omaha, Nebraska.
• Facilities: Primary U.S. production facilities in Lindsay, NE, with additional U.S. facilities in Olathe, KS and elsewhere, plus international facilities and distributors.
• Human capital: Focus on safety, inclusion, employee engagement, and development through the Lindsay Safety System and related programs. There are no U.S. unionized employees; some non-U.S. employees are unionized where required by local regulations.
• Regulation: Subject to environmental, health, and safety laws and other regulatory requirements, with ongoing remediation and capital needs at the Lindsay, Nebraska site.

Summary

Lindsay operates a broad product portfolio across irrigation and road infrastructure, combining equipment, controls, data services, and contract manufacturing to support agricultural and public infrastructure customers worldwide.