Lindsay Corporation Announces New $150 Million Share Repurchase Program
Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced that its Board of Directors has authorized a new share repurchase program of up to $150 million of the Company’s outstanding common stock.
Lindsay has maintained a robust balance sheet and disciplined capital allocation priorities focused on delivering value to shareholders,” said Brian Ketcham, Senior Vice President and Chief Financial Officer of Lindsay Corporation. “This authorization provides us with the flexibility to return capital to shareholders while maintaining the financial strength to continue investing in growth opportunities and innovation.”
Share repurchases may be made from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or through other means, including Rule 10b5-1 trading plans. The timing, volume, and nature of share repurchases will be at the discretion of management, and will depend on a number of factors, including the trading price of the Company’s common stock, general market and business conditions, and applicable securities laws. This share repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or discontinued at any time. The Company’s share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act.
Lindsay Corporation (NYSE: LNN), a global leader in irrigation and infrastructure equipment and technology, has announced that its Board of Directors has authorized a new share repurchase program of up to $150 million of the company’s outstanding common stock. The initiative reinforces Lindsay’s ongoing commitment to enhancing shareholder value and maintaining a disciplined approach to capital allocation. “Lindsay has maintained a robust balance sheet and disciplined capital allocation priorities focused on delivering value to shareholders,” said Brian Ketcham, Senior Vice President and Chief Financial Officer at Lindsay Corporation. “
This authorization provides us with the flexibility to return capital to shareholders while maintaining the financial strength to continue investing in growth opportunities and innovation.” Under the program, share repurchases may be executed through open market transactions, privately negotiated deals, or other mechanisms such as Rule 10b5-1 trading plans, depending on market conditions, business performance, and applicable regulations.
The timing and volume of repurchases will remain at management’s discretion, and the company reserves the right to modify, suspend, or discontinue the program at any time. This new authorization underscores Lindsay’s continued focus on prudent financial management, shareholder returns, and long-term strategic growth, reflecting the company’s confidence in its performance and future outlook.
Lindsay Corporation (NYSE: LNN), a leading global provider of irrigation and infrastructure solutions, announced that its Board of Directors has approved a new $150 million share repurchase program, reinforcing the company’s commitment to shareholder value creation and financial discipline. The authorization allows Lindsay to repurchase outstanding common stock through various methods, including open market and privately negotiated transactions, as well as Rule 10b5-1 trading plans, depending on market conditions and business needs. “
About Lindsay Corporation
Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world’s rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic™ center pivot and lateral move agricultural irrigation systems, FieldNET™ and FieldWise™ remote irrigation management technology, FieldNET Advisor™ irrigation scheduling technology, and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels, through the Road Zipper™ and Snoline™ brands.
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