LINDSAY Business Summary

Lindsay Corporation (LNN) operates a dual-segment business model centered on the manufacturing and distribution of water management and infrastructure solutions. The company generates revenue through the sale of proprietary hardware, such as Zimmatic center-pivot and lateral-move irrigation systems, and recurring technology fees from its FieldNET and FieldWise remote management platforms. Its Irrigation segment serves global agricultural producers, while the Infrastructure segment provides specialized road safety products, including crash cushions and the proprietary Road Zipper System for managed lanes. Lindsay competes directly with Valmont Industries, The Toro Company, and Rain Bird, maintaining a dominant market position as one of the two primary global leaders in mechanized irrigation and a niche pioneer in moveable barrier technology. Founded in 1955 by Paul Zimmerer, the company is currently led by President and CEO Randy A. Wood, who assumed the role in 2021 after over a decade in leadership positions at Lindsay and a prior career at Case Corporation/CNH Global. The executive team includes Samuel S. Hinrichsen, who joined as CFO in late 2024, and Brett R. Coburn, appointed as Chief Accounting Officer in January 2026. Technology and innovation efforts are spearheaded by Brian Klawinski, Senior Vice President of Technology & Innovation, and Melissa G. Moreno, Chief Information Officer. The company is governed by a board chaired by Robert E. Brunner and includes notable directors such as Michael N. Christodolou and newly elected Jahidul H. Khandaker. Institutional investors, including Nuance Investments, Vanguard, and BlackRock, maintain significant stakes, reflecting the company's transition from a family-owned business to a widely held public entity.