Lindsay Corporation (LNN)
Pretax margin
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 79,120 | 88,796 | 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 |
| Revenue (ttm) | US$ in thousands | 607,074 | 619,207 | 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 |
| Pretax margin | 13.03% | 14.34% | 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% |
August 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $79,120K ÷ $607,074K
= 13.03%
The pretax margin of Lindsay Corporation has displayed some fluctuations over the past several quarters. It stood at 13.03% in August 2024, slightly lower than the preceding quarter's 14.34%. Despite this dip, the company's performance improved from earlier in the year when it reported pretax margins of 11.40% in February 2024 and 9.81% in May 2024. The trend over the past few quarters indicates a generally positive trajectory, with pretax margins consistently remaining above 10%.
Furthermore, Lindsay Corporation has shown considerable improvement compared to the same period in the previous year, when the pretax margin was at 8.48% in August 2023. This upward trend suggests that the company has been effectively managing its costs and expenses relative to its revenue, leading to increased profitability.
It's worth noting that there have been fluctuations in pretax margin over the past two years, with the ratio ranging from a low of 2.65% in November 2019 to a high of 14.90% in August 2023. However, it appears that Lindsay Corporation has been able to maintain an upward trajectory in its pretax margins more recently, indicating improving operational efficiency and profitability.
Peer comparison
Aug 31, 2024