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%