HIGHBuilt-inGeographic
52%
international sales (irrigation segment)
“10-K Item 1: 'International sales accounted for approximately 52 percent and 41 percent of the Company’s total irrigation segment revenues in fiscal 2025 and 2024, respectively.'”
LNN · Concentration risk · 10-K extracted
Lindsay (LNN) concentration risks
Updated
The most significant concentration Lindsay discloses is international sales (irrigation segment) at 52%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Lindsay’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
13%
single MENA-region irrigation project customer
“10-K Item 1: 'one customer within the Company's irrigation segment accounted for 13% of consolidated revenues relating to a large irrigation project in the MENA region'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Lindsay Corporation's irrigation segment carries a high-share structural exposure to international markets: international sales accounted for approximately 52% of total irrigation segment revenues in fiscal 2025, up sharply from 41 percent in fiscal 2024. That rapid shift means the irrigation business is now more exposed than before to non-U.S. demand, currency, and geopolitical conditions — a structural feature of the business mix rather than a single-counterparty risk. Within that international growth, one customer tied to a large irrigation project in the MENA region accounted for 13% of consolidated revenues — a low-share exposure, but a dependency-type one, reflecting a single, project-based customer relationship rather than a broad structural trend. Taken together, the segment's growing reliance on international sales is the more consequential exposure for the verdict, since it is structural and has moved materially year over year, while the MENA project customer is a smaller, order-driven dependency that could prove non-recurring once that project concludes.
For the engine’s reasoning on LNN’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Farm & Heavy Construction Machinery
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BLBD | Blue Bird Corporation | 2 | 0 | 0 | 2 |
| AEBI | Aebi Schmidt Holding AG | 1 | 1 | 1 | 3 |
| LNN● | Lindsay Corporation | 1 | 0 | 1 | 2 |
| ALG | Alamo Group, Inc. | 0 | 1 | 0 | 1 |
| AGCO | AGCO Corporation | 0 | 0 | 0 | 0 |
| ASTE | Astec Industries, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.