Risk Sleuth
LNN · 10-K filed 23 Oct 2025 · year to 31 Aug 2025

Lindsay

24 named things its latest annual report says its results depend on, each in the company's own words. 13 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

MENA key customer irrigation project supply agreement

earns from · more than $100 millionnamed as a risk
For example, in fiscal 2024, the Company entered into a multi-year supply agreement valued at more than $100 million to provide Zimmatic irrigation systems and FieldNET remote management and scheduling technology for a key customer’s project in the MENA region, with deliveries scheduled to continue in fiscal 2026.Risk factors (Item 1A)

Zimmatic independent dealers

earns from · over 200 independent dealers
In the United States, the Company sells its branded irrigation systems, including Zimmatic®, to over 200 independent dealers, who resell to their customer, the farmer.Business (Item 1)

Partners and platforms

Pessl Instruments

depends on
Through its strategic partnership with Pessl Instruments, the Company is able to incorporate data from Pessl's METOS™ weather stations and soil moisture probes, among other products, into these technologies to provide growers with additional data for enhanced decision making.Business (Item 1)

Other companies

Non-U.S. dollar revenues

exposed to its price · Approximately 34 and 36 percentnamed as a risk
Approximately 34 and 36 percent of total consolidated Company revenues were conducted in currencies other than the U.S. dollar in fiscal 2025 and 2024, respectively.Business (Item 1)

X-Lite end terminal product liability litigation

named as a risk
The Company is currently defending a number of product liability lawsuits involving the Company’s X-Lite® end terminal.Risk factors (Item 1A)

Places

Russia

earns from · less than 5 percent of consolidated revenuesnamed as a risk
Since fiscal 2022, sales to Russia and Belarus were paused indefinitely due to the Russian invasion of Ukraine.Risk factors (Item 1A)

Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more

MENA region

concentrated in · 13% of consolidated revenuesnamed as a risk
In fiscal year 2025, one customer within the Company's irrigation segment accounted for 13% of consolidated revenues relating to a large irrigation project in the MENA region.Business (Item 1)

International irrigation markets

earns from · approximately 52 percent
International sales accounted for approximately 52 percent and 41 percent of the Company’s total irrigation segment revenues in fiscal 2025 and 2024, respectively.Business (Item 1)

Lindsay, Nebraska environmental remediation site

operates innamed as a risk
In particular, the Company may incur costs in connection with the remediation of environmental contamination at its Lindsay, Nebraska site that exceed the amounts that the Company has accrued for this purpose as of the end of fiscal 2025, as more fully described in Note 15, Commitments and Contingencies, to the Company’s consolidated financial statements.Risk factors (Item 1A)

Nebraska

operates in
The Company’s primary domestic irrigation manufacturing facilities are located in Lindsay, Nebraska; Olathe, Kansas; and Norfolk, Nebraska.Business (Item 1)

Also named by BKH, GPRE

Hazards

Drought

named as a risk
Drought conditions, which generally affect irrigation equipment demand positively over the long term, can adversely affect demand if water sources become unavailable or if governments impose water restriction policies to reduce overall water availability.Risk factors (Item 1A)

Also named by AESI, AM, AWK, BF/B, BMI, CEG, EOG, ES and 8 more

Commodities and inputs

Foreign currency exchange rates (Euro, Brazilian real, South African rand, Turkish lira, Chinese renminbi)

exposed to its price · approximately $3.5 millionnamed as a risk
Based on the consolidated statement of earnings for the year ended August 31, 2025, the Company estimates the potential decrease in operating income from a ten percent adverse change in the underlying exchange rates, in U.S. dollar terms, would be approximately $3.5 million.Market risk (Item 7A)

Also named by ADP, AMT, CPAY, DPZ, DVA, GLW, HLIO, PFG and 1 more

South African rand

exposed to its price · 143.5 million South African randnamed as a risk
At August 31, 2025, the Company had an outstanding foreign currency forward contract to sell a notional amount of 143.5 million South African rand at fixed prices to settle during the next fiscal quarter.Market risk (Item 7A)

Also named by AIOT, GRC

Crude oil

exposed to its pricenamed as a risk
A decline in oil prices or the overall demand for motor fuels, or changes in government policies regarding biofuels could also negatively affect the biofuels market and/or reduce government revenues of oil-producing countries that purchase or subsidize the purchase of irrigation equipment.Risk factors (Item 1A)

Also named by AESI, ALK, APA, ARLP, BDX, CFR, CL, CLMT and 48 more

Steel

exposed to its pricenamed as a risk
Changes in the availability and price of these parts, components, and raw materials (including steel and zinc), which have changed significantly and rapidly at times and are affected by factors like demand, tariffs, freight costs, and outbreaks, can significantly increase the costs of production.Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Zinc

exposed to its pricenamed as a risk
Changes in the availability and price of these parts, components, and raw materials (including steel and zinc), which have changed significantly and rapidly at times and are affected by factors like demand, tariffs, freight costs, and outbreaks, can significantly increase the costs of production.Risk factors (Item 1A)

Also named by CDE, FBIN, HL, HLMN, JBI, LFUS, MAS, MLI and 6 more

Ethanol

exposed to its pricenamed as a risk
While ethanol blending levels are currently mandated within the U.S., potential mandate changes or price declines for ethanol could reduce the demand for grains.Risk factors (Item 1A)

Also named by GPRE

Agricultural commodities

exposed to its pricenamed as a risk
As a result, changes in commodity prices can significantly affect the Company’s sales levels.Risk factors (Item 1A)

Regulators

U.S. Federal Highway Administration (FHWA)

subject tonamed as a risk
The FHWA and state departments of transportation have implemented MASH standards which update and supersede NCHRP Report 350 standards for evaluating new road safety hardware devices.Risk factors (Item 1A)

Also named by SMID

Laws and programs

U.S. Foreign Corrupt Practices Act

subject tonamed as a risk
As part of the Company’s irrigation and infrastructure sales efforts, the Company promotes and sells products to governmental entities and state-owned or state-backed business enterprises, the employees and representatives of which may be considered government officials for purposes of the U.S. Foreign Corrupt Practices Act.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

United States-Mexico-Canada Agreement (USMCA)

subject tonamed as a risk
Other international trade disputes, changes to or termination of existing international trade agreements, treaties or policies (e.g. the United States-Mexico-Canada Agreement), or imposition of trade protection measures by certain countries in favor of their local producers or competing products could increase the Company's costs, reduce the Company's competitiveness, and have an adverse effect on the Company’s business, financial condition and results of operations.Risk factors (Item 1A)

Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more

False Claims Act

subject tonamed as a risk
In addition to this inherent risk, a sizable False Claims Act judgment against a competitor (which was reversed on appeal) brought significant attention to the infrastructure products industry and may be a factor leading to additional lawsuits, demands, and investigations being pursued against the Company and others in the industry.Risk factors (Item 1A)

Also named by ACN, ASTS, CDW, CHE, CI, CVS, DGX, FLR and 13 more

Federal Highway Trust Fund

earns fromnamed as a risk
For example, the U.S. government funds highway and road improvements through the Federal Highway Trust Fund Program and matching funding from states may be required as a condition of federal funding.Risk factors (Item 1A)

Manual for Assessing Safety Hardware (MASH)

subject tonamed as a risk
The Company has incurred, and will continue to incur, research and development and testing expense to develop products to comply with MASH standards.Risk factors (Item 1A)