Lindsay Corporation appoints Sam Hinrichsen as new CFO

OMAHA, Neb. - Lindsay Corporation (NYSE:LNN), a manufacturer of irrigation and infrastructure equipment with a market capitalization of $1.46 billion and annual revenue of $678 million, announced that Sam Hinrichsen will join the company as Senior Vice President and Chief Financial Officer, effective January 1, 2026. According to InvestingPro data, the company maintains strong financial health with an impressive track record of 22 consecutive years of dividend increases.

Hinrichsen, who will begin employment with Lindsay on November 3, 2025, will succeed Brian Ketcham, who is retiring at the end of the calendar year as previously announced. The transition comes as Lindsay maintains a robust financial position, with more cash than debt on its balance sheet and sufficient cash flows to cover interest payments.

Since 2022, Hinrichsen has held various finance roles at Stepan Company, including Interim Chief Financial Officer and most recently Global VP of Finance & Investor Relations. His prior experience includes finance positions at CMC Materials, Dover Corporation, Rockwell Automation, TTI Floorcare North America, and ALCOA, Inc.

Randy Wood, Lindsay’s President and Chief Executive Officer, cited Hinrichsen’s "extensive background in global financial management" and "strong operational experience" as aligning with the company’s strategic priorities.

Hinrichsen’s appointment comes as part of a planned transition following Ketcham’s retirement announcement. The company stated in its press release that Ketcham’s leadership has been "critical in strengthening our global capabilities and building a world-class finance team."

Lindsay Corporation, established in 1955, manufactures and distributes irrigation systems and transportation safety equipment under various brand names including Zimmatic irrigation systems and Road Zipper transportation solutions. The company has demonstrated consistent profitability, with upcoming earnings scheduled for October 23, 2025. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which offers expert analysis of Lindsay’s financial health and growth prospects among 1,400+ top US stocks.

In other recent news, Lindsay Corporation reported several notable developments. The company announced that its Chief Financial Officer, Brian Ketcham, will retire at the end of 2025, with plans to continue as a consultant through 2026 to facilitate a smooth transition. Lindsay has initiated the search for his successor with the help of an executive recruiting firm. In addition, Lindsay Corporation appointed Jahidul H. Khandaker, the current Chief Information Officer of GE HealthCare, to its Board of Directors. This move is part of the company’s strategy to enhance its leadership team. Meanwhile, a recent survey by Stifel revealed weakening sentiment among Lindsay’s domestic irrigation dealers, with projected volume expected to decline by 2.4% over the next year. Despite these findings, Stifel maintained its Hold rating and $136 price target for Lindsay Corporation. These recent developments reflect the company’s ongoing efforts to navigate changing market conditions and strengthen its leadership.

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