$LNN

LINDSAY CORP

CIK:0000836157|SEC Filings

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Income Statement [Abstract]
Operating revenues	$ 160,764	$ 169,464	$ 474,297	$ 522,809
Cost of operating revenues	112,932	115,842	334,014	356,734
Gross profit	47,832	53,622	140,283	166,075
Operating expenses:
Selling expense	10,320	10,217	31,856	31,278
General and administrative expense	14,349	14,903	43,929	45,263
Engineering and research expense	4,650	4,709	13,366	12,735
Total operating expenses	29,319	29,829	89,151	89,276
Operating income	18,513	23,793	51,132	76,799
Other income:
Interest income, net	2,315	1,897	7,618	3,832
Other (expense) income, net	(250)	24	(719)	330
Total other income	2,065	1,921	6,899	4,162
Earnings before income taxes	20,578	25,714	58,031	80,961
Income tax expense	4,758	6,214	13,642	17,722
Net earnings	$ 15,820	$ 19,500	$ 44,389	$ 63,239
Earnings per share:
Basic	$ 1.54	$ 1.80	$ 4.24	$ 5.82
Diluted	$ 1.53	$ 1.78	$ 4.22	$ 5.79
Shares used in computing earnings per share:
Basic	10,299	10,862	10,474	10,860
Diluted	10,341	10,931	10,509	10,915
Cash dividends declared per share	$ 0.37	$ 0.36	$ 1.11	$ 1.08

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	May 31, 2026	May 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 44,389	$ 63,239
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	17,047	15,707
Provision for uncollectible accounts receivable	201	1,238
Deferred income taxes	5,548	(2,386)
Share-based compensation expense	4,890	5,971
Unrealized foreign currency transaction gain	(288)	(629)
Other, net	29	(2,493)
Changes in assets and liabilities:
Receivables	(21,694)	(32,512)
Inventories	(6,107)	3,857
Other current assets	(7,985)	(3,390)
Accounts payable	7,831	10,010
Other current liabilities	(7,516)	6,006
Other noncurrent assets and liabilities	(5,719)	4,256
Net cash provided by operating activities	30,626	68,874
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment	(35,514)	(28,251)
Purchases of marketable securities	0	(14,676)
Purchase of equity method investment	0	(5,815)
Proceeds from settlement of net investment hedge	0	835
Payments for settlement of net investment hedge	(1,746)	(98)
Other investing activities, net	(1,106)	(438)
Net cash used in investing activities	(38,366)	(48,443)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of common shares	(80,738)	(2,675)
Dividends paid	(11,528)	(11,734)
Common stock withheld for payroll tax obligations	(1,253)	(1,450)
Proceeds from exercise of stock options	805	1,194
Other financing activities, net	346	306
Net cash used in financing activities	(92,368)	(14,359)
Effect of exchange rate changes on cash and cash equivalents	4,293	(834)
Net change in cash and cash equivalents	(95,815)	5,238
Cash and cash equivalents, beginning of period	250,575	190,879
Cash and cash equivalents, end of period	$ 154,760	$ 196,117

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2026	Aug. 31, 2025	May 31, 2025
Current assets:
Cash and cash equivalents	$ 154,760	$ 250,575	$ 196,117
Marketable securities	0	0	14,676
Receivables, net of allowance of $5,999, $6,326, and $6,089, respectively	137,449	113,027	147,848
Inventories, net	145,945	136,859	150,462
Other current assets	42,198	32,303	38,143
Total current assets	480,352	532,764	547,246
Property, plant, and equipment:
Cost	347,980	315,060	304,625
Less accumulated depreciation	(181,586)	(172,753)	(174,014)
Property, plant, and equipment, net	166,394	142,307	130,611
Intangibles, net	22,576	23,331	23,703
Goodwill	84,473	84,459	84,304
Operating lease right-of-use assets	19,887	18,096	16,899
Deferred income tax assets	23,173	19,525	18,945
Equity method investment	8,423	8,763	8,337
Other noncurrent assets	16,365	11,591	10,818
Total assets	821,643	840,836	840,863
Current liabilities:
Accounts payable	58,712	48,670	47,000
Current portion of long-term debt	89	233	232
Other current liabilities	104,872	94,689	103,012
Total current liabilities	163,673	143,592	150,244
Pension benefits liabilities	3,215	3,418	3,979
Long-term debt	114,816	114,810	114,856
Operating lease liabilities	18,796	17,354	16,572
Deferred income tax liabilities	1,163	1,024	693
Other noncurrent liabilities	20,884	27,788	25,743
Total liabilities	322,547	307,986	312,087
Shareholders' equity:
Preferred stock of $1 par value - authorized 2,000 shares; no shares issued and outstanding	0	0	0
Common stock of $1 par value - authorized 25,000 shares; 19,199, 19,162, and 19,167 shares issued, respectively	19,199	19,167	19,162
Capital in excess of stated value	117,974	113,042	110,523
Retained earnings	778,258	745,397	738,598
Less treasury stock - at cost, 9,030, 8,300, and 8,363 shares, respectively	(391,962)	(311,224)	(302,367)
Accumulated other comprehensive loss, net	(24,373)	(33,532)	(37,140)
Total shareholders' equity	499,096	532,850	528,776
Total liabilities and shareholders' equity	$ 821,643	$ 840,836	$ 840,863