Lindsay Corporation (LNN)
Pretax margin
Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
---|---|---|---|---|---|---|
Earnings before tax but after interest (EBT) | US$ in thousands | 79,050 | 100,375 | 87,868 | 50,386 | 48,843 |
Revenue | US$ in thousands | 607,074 | 674,084 | 770,743 | 567,646 | 474,692 |
Pretax margin | 13.02% | 14.89% | 11.40% | 8.88% | 10.29% |
August 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $79,050K ÷ $607,074K
= 13.02%
Lindsay Corporation's pretax margin has fluctuated over the past five years, with a range of 8.88% to 14.89%. The pretax margin decreased from 2023 to 2024, indicating a decline in the company's profitability before considering taxes. However, the pretax margin in 2024 remained relatively healthy at 13.02%. This suggests that the company is effectively controlling its expenses and operating efficiently to generate earnings before tax. It is important for Lindsay Corporation to continue monitoring and managing its pretax margin to ensure sustainable profitability in the future.
Peer comparison
Aug 31, 2024
Company name
Symbol
Pretax margin
Lindsay Corporation
LNN
13.02%
AGCO Corporation
AGCO
9.73%
Alamo Group Inc
ALG
10.36%
Deere & Company
DE
17.78%