EXHIBIT 99.1

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Lindsay Corporation Reports Fiscal 2018 Second Quarter Results

OMAHA, Neb., March 29, 2018—Lindsay Corporation (NYSE: LNN), a leading global manufacturer of irrigation and infrastructure equipment and technology, today announced results for its second quarter ended February 28, 2018.

Second Quarter Summary

Revenues for the second quarter of fiscal 2018 were $130.3 million, an increase of 5 percent compared to revenues of $124.1 million in the prior year’s second quarter.  Net earnings for the quarter were $1.7 million and diluted earnings per share were $0.16, compared with net earnings of $5.0 million and diluted earnings per share of $0.47 in the prior year.  Net earnings for the quarter were reduced by tax expense of $2.6 million due to the enactment of the U.S. Tax Cuts and Jobs Act and by after-tax costs of $1.7 million comprised of severance costs and professional consulting fees related to the Company’s Foundation for Growth initiative.  Adjusted net earnings for the second quarter were $6.0 million, or $0.56 per diluted share.¹

“We were pleased to have achieved revenue and operating income improvement in both the Irrigation and Infrastructure segments for the quarter,” said Tim Hassinger, President and Chief Executive Officer.  “Improved demand in North America irrigation drove overall revenue growth, and growth in our Road Zipper System^® business continues to support solid performance in our Infrastructure segment.”

Segment Results

Irrigation segment revenues increased 5 percent to $111.9 million from $106.2 million in the prior year’s second quarter.  North America irrigation revenues increased 23 percent, driven by an increase in irrigation system unit volume.  International irrigation revenues for the second quarter were $33.0 million, a decrease of 22 percent compared to the second quarter of the prior year.  The second quarter of the prior year included revenues from projects in developing markets that did not repeat in the current period, while demand in core markets remained stable.    

Irrigation segment operating margin was 10.7 percent of sales in the second quarter (11.2 percent adjusted)¹, compared to 10.6 percent of sales in the prior year.  Improved volume leverage from higher North America irrigation system sales was partially offset by the impact of lower project sales and margins in international markets.  

Infrastructure segment revenues increased 3 percent to $18.5 million for the quarter, as increased Road Zipper System revenue was partially offset by lower revenue from North America road safety products.

Infrastructure segment operating margin was 13.6 percent of sales in the quarter compared to 8.9 percent of sales in the second quarter of the prior year.  A higher proportion of revenue from Road Zipper Systems resulted in an improved margin mix.

The backlog of unshipped orders at February 28, 2018 was $90.2 million, compared with $62.3 million at February 28, 2017, with higher backlogs in both the irrigation and infrastructure segments.  Additions to the backlog during the quarter include an order valued at approximately $9.3 million to deploy the Road Zipper System on the Richmond-San Rafael Bridge in California and follow-on orders, valued at approximately $11.1 million, from an existing customer in Japan.

Impact of U.S. Tax Reform

Second quarter earnings include a $2.6 million, or $0.24¹ per diluted share, expense for the estimated impact of the U.S. Tax Cuts and Jobs Act enacted during the quarter.  This amount includes one-time impacts from the deemed repatriation transition tax on certain foreign earnings and from the remeasurement of deferred tax items at a lower rate.

Foundation for Growth Initiative

During the quarter the Company initiated a focused performance improvement initiative referred to as Foundation for Growth.  Objectives include setting strategic direction, defining priorities, and improving overall operating performance.  A key financial objective is to achieve operating margin performance of 11 percent to 12 percent in fiscal 2020 without assuming improvement in the market environment.  Second quarter earnings include after-tax costs of $1.7 million, or $0.15¹ per diluted share, related to severance costs and professional consulting fees incurred in connection with the initiative.  Additional costs anticipated in connection with this initiative, over each of the next several quarters, are expected to be recovered through improved operating income in fiscal 2020.

Outlook

“Although we have seen improved demand this year in North America, agricultural market conditions are expected to remain challenging until there is a meaningful improvement in commodity prices and farm income. In our Infrastructure business, a growing backlog of Road Zipper projects provides for growth,” said Mr. Hassinger.  “The recently announced tariffs on steel and aluminum product imports are concerning because of the potential impact on raw material cost and possible trade retaliation that would affect U.S. agricultural products, however it won’t be possible to fully assess the impact until more details are known.”

Mr. Hassinger continued, “The organization is excited about the launch of our Foundation for Growth initiative.  This effort, focused on delivering better results to our customers and shareholders, is already underway and I look forward to providing regular updates as this initiative progresses.”

Second Quarter Conference Call

Lindsay’s fiscal 2018 second quarter investor conference call is scheduled for 11:00 a.m. Eastern Time today.  Interested investors may participate in the call by dialing (877) 317-6789 in the U.S., or (412) 317-6789 internationally, and requesting the Lindsay Corporation call.  Additionally, the conference call will be simulcast live on the Internet and can be accessed via the investor relations section of the Company's Web site, www.lindsay.com.  Replays of the conference call will remain on our Web site through the next quarterly earnings release.  The Company will have a slide presentation available to augment management's formal presentation, which will also be accessible via the Company's Web site.

About the Company

Lindsay Corporation is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. The Lindsay family of irrigation brands includes Zimmatic^® and FieldNET^® as well as irrigation consulting, design, pump and filtration offerings, advanced machine-to-machine communication, remote control and monitoring technology, and wireless networking solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels, through the Barrier Systems^®, Road Zipper^® and Snoline™ brands. For more information about Lindsay Corporation, visit www.lindsay.com.  

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Concerning Forward-looking Statements

This release contains forward-looking statements that are subject to risks and uncertainties and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. You can find a discussion of many of these risks and uncertainties in the annual, quarterly and current reports that the Company files with the Securities and Exchange Commission. Forward-looking statements include information concerning possible or assumed future results of operations and planned financing of the Company and those statements preceded by, followed by or including the words “anticipate,” “estimate,” “believe,” “intend,” "expect," "outlook," "could," "may," "should," “will,” or similar expressions. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.  The Company undertakes no obligation to update any forward-looking information contained in this press release.

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The Company manages its business activities in two reportable segments as follows:

Irrigation - This reporting segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems as well as various water pumping stations, controls, filtration solutions and machine-to-machine technology.  

Infrastructure – This reporting segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment.

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LINDSAY CORPORATION AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(Unaudited)

The non-GAAP tables below disclose (a) the impact on diluted earnings per share of (1) tax expense attributed to enactment of the U.S. Tax Cuts and Jobs Act ("U.S. Tax Reform"), and (2) severance costs and professional consulting fees associated with the Company's Foundation for Growth initiative ("FFG costs"), (b) the impact on operating income of FFG costs, and (c) the impact on segment operating income of FFG costs.  Management believes adjusted net earnings, adjusted diluted earnings per share and adjusted operating income are important indicators of the Company’s business performance because they exclude items that may not be indicative of, or may be unrelated to, the Company’s underlying operating results, and provide a useful baseline for analyzing trends in the business.  Non-GAAP measures used by the Company may differ from similar measures used by other companies, even when similar terms are used to identify such measures.  These adjusted financial measures should not be considered in isolation or as a substitute for reported net earnings, diluted earnings per share and operating income. These non-GAAP financial measures reflect an additional way of viewing the Company’s operations that, when viewed with the GAAP results and the following reconciliations to the corresponding GAAP financial measures, management believes provides a more complete understanding of the Company’s business.

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