Lindsay Corporation (LNN)
Pretax margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 94,355 | 97,384 | 100,406 | 99,133 | 108,957 | 102,371 | 87,855 | 72,012 | 57,610 | 53,005 | 50,387 | 61,054 | 52,165 | 44,471 | 48,843 | 32,652 | 23,616 | 11,709 | 2,135 | 5,810 |
| Revenue (ttm) | US$ in thousands | 644,561 | 659,283 | 674,084 | 697,149 | 746,855 | 780,751 | 770,744 | 734,196 | 681,873 | 625,313 | 567,646 | 542,403 | 503,573 | 473,784 | 474,692 | 448,172 | 446,120 | 441,514 | 444,072 | 465,456 |
| Pretax margin | 14.64% | 14.77% | 14.90% | 14.22% | 14.59% | 13.11% | 11.40% | 9.81% | 8.45% | 8.48% | 8.88% | 11.26% | 10.36% | 9.39% | 10.29% | 7.29% | 5.29% | 2.65% | 0.48% | 1.25% |
February 29, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $94,355K ÷ $644,561K
= 14.64%
The pretax margin of Lindsay Corporation has shown some fluctuation over the past several periods. The trend indicates that the company's ability to generate profits before taxes relative to its total revenue has generally been positive, with the margin ranging from as low as 0.48% to as high as 14.90%.
There was a significant improvement in the pretax margin from February 2020 to August 2021, where it increased steadily from 2.65% to 11.26%. However, there was a notable decrease in the margin in the following periods, dropping to 8.48% in November 2021 and further declining to 8.45% in February 2022.
A recovery in pretax margin was observed later in the year, reaching a peak of 14.90% in August 2023. Despite minor fluctuations in subsequent periods, the margin has generally remained above 10%, suggesting efficient cost management and profitability.
Overall, the pretax margin trend of Lindsay Corporation reflects the company's ability to effectively control operating expenses and generate profits before accounting for taxes, indicating potential financial stability and efficiency in operations.
Peer comparison
Feb 29, 2024