EX-99.1 2 c51576exv99w1.htm EX-99.1 exv99w1
         
EXHIBIT 99.1
(LINDSAY CORPORATION LOGO)      2222 NO. 111TH ST. OMAHA, NE 68164 TEL: 402-829-6800 FAX: 402-829-6836
 
     
For further information, contact:
   
     
LINDSAY CORPORATION:
  HALLIBURTON INVESTOR RELATIONS:
Dave Downing
  Jeff Elliott or Geralyn DeBusk
CFO and President — International Division
  972-458-8000
402-827-6235
   
Lindsay Corporation Provides Update on Mexico City Project
OMAHA, NEB., May 26, 2009—Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, announced today that the $19.6 million Mexico City moveable barrier project continues to be delayed pending resolution of issues between the contractor and the local government. At this point, the Company cannot estimate when or if the issues between the contractor and the local government will be resolved or whether the Company, through its wholly-owned subsidiary, Barrier Systems Sales & Service, LLC, will recognize revenue on this project in fiscal 2009.
About the Company
Lindsay manufactures and markets irrigation equipment primarily used in agricultural markets which increase or stabilize crop production while conserving water, energy and labor. The Company also manufactures and markets infrastructure and road safety products through its wholly owned subsidiaries, Barrier Systems Inc. and Snoline S.P.A. At April 3, 2009, Lindsay had approximately 12.3 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN.
For more information regarding Lindsay Corporation, see Lindsay’s Web site at www.lindsay.com. For more information on the Company’s infrastructure products, visit www.barriersystemsinc.com and www.snoline.com.
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 we file with the Securities and Exchange Commission. Forward-looking statements include the information concerning possible or assumed future results of operations of the Company and those statements preceded by, followed by or including the words “anticipate,” “estimate,” “believe,” “intend,” “expectation,” “outlook,” “could,” “may,” “should,”, “will” or similar expressions. For these statements, we claim 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.