Exhibit 99.1

2222  NO. 111TH ST. OMAHA, NE 68164 TEL: 402-829-6800 FAX: 402-829-6836

For further information, contact:

LINDSAY CORPORATION:	HALLIBURTON INVESTOR RELATIONS:
Brian Ketcham	Hala Elsherbini or Geralyn DeBusk
Vice President & Chief Financial Officer	972-458-8000
402-827-6579

Lindsay Corporation Reports Fiscal 2017 Third Quarter Results

· Revenue and earnings increase 7% and 14%, respectively, over prior year’s third quarter

· U.S. Irrigation equipment revenue increased on higher selling prices and improved volume

· Infrastructure revenue and earnings growth drive overall improvement in results

OMAHA, Neb., June 29, 2017—Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, today announced results for its third quarter ended May 31, 2017.

Third Quarter Results

Third quarter fiscal 2017 revenues were $151.5 million compared to revenues of $141.3 million in the prior year’s third quarter.  Net earnings for the quarter were $11.0 million or $1.02 per diluted share compared with net earnings of $9.6 million or $0.90 per diluted share in the third quarter of the prior year. 

Irrigation segment revenues for the third quarter were $120.0 million, an increase of two percent compared to $117.3 million in the prior year’s third quarter.  U.S. irrigation revenues were $75.2 million, increasing two percent over the third quarter of the prior year, as the impact of higher average selling prices and improved irrigation equipment unit volume was partially offset by lower revenue from other irrigation components.  International irrigation revenues were $44.8 million, an increase of two percent compared to the third quarter of the prior year, driven by the continuation of a notable recovery in Brazil, increased project activity in developing markets, and a slightly favorable currency translation impact.  Lower revenues in other international markets partially offset those increases.  Infrastructure segment revenues for the third quarter increased 31 percent over the prior year’s third quarter to $31.5 million, driven by higher Road Zipper® system sales and lease revenue and increased sales of road safety products in international markets.

Gross margin for the third quarter of fiscal 2017 was 30.3 percent of sales compared to 29.6 percent of sales in the prior year’s third quarter.  Improved margin in the infrastructure segment was partially offset by slightly lower gross margin in the irrigation segment.  Improved infrastructure margin resulted from higher Road Zipper system sales and lease revenue and volume leverage from higher road safety product sales.  International irrigation margin was lower due to a less-favorable regional sales mix compared to the prior year.  U.S. irrigation margin increased compared to the prior year due to higher margin from technology products, partially offset by the impact of higher material costs.   

Operating expenses for the third quarter of fiscal 2017 were $28.5 million, an increase of $2.0 million compared to the third quarter in the prior year.  The increase resulted primarily from higher product development costs and professional fees.  Operating expenses were 18.8 percent of sales in the third quarter of fiscal 2017 compared with 18.7 percent of sales in the third quarter of the prior year.  Operating margins were 11.5 percent in the third quarter of fiscal 2017 compared to 10.8 percent in the prior year’s third quarter.

Cash and cash equivalents at the end of the third quarter were $113.2 million compared to $101.2 million at the end of the prior fiscal year and $91.5 million at the end of the prior year’s third quarter.  There were no share repurchases made during the third quarter of fiscal 2017.  A total of $63.7 million remains available under the Company’s share repurchase program as of May 31, 2017.

The backlog of unshipped orders at May 31, 2017 was $70.1 million compared with $61.2 million at May 31, 2016.  Higher order backlog in the irrigation segment was partially offset by slightly lower order backlog in the infrastructure segment compared to the prior year.

Nine Month Results

Total revenues for the nine months ended May 31, 2017 were $386.0 million, an increase of one percent compared to $383.5 million in the same prior year period.  Net earnings were $16.8 million or $1.58 per diluted share compared with $12.5 million or $1.13 per diluted share in the same prior year period.

Irrigation segment revenues of $316.1 million for the nine months ended May 31, 2017 declined two percent from $321.7 million in the same prior year period.  Compared to the prior year period, U.S. irrigation revenues of $187.0 million declined nine percent and international irrigation revenues of $129.1 million increased 11 percent.  Infrastructure segment revenues increased 13 percent to $69.9 million for the nine months ended May 31, 2017 compared to the same prior year period, due to higher Road Zipper system sales and lease revenue and increased demand for road safety products.

Outlook

Rick Parod, President and Chief Executive Officer, commented, “Irrigation segment results for the third quarter reflect a level of stabilization in the U.S. irrigation equipment market, a continued recovery in Brazil, and increased project activity in developing international markets.  Irrigation operating margin performance in the U.S. continues to benefit from the strength and growth of our technology products.  Stronger infrastructure segment results for the quarter reflect continued growth and performance of our global Road Zipper business, as well as international market growth for our road safety products.”  

Parod continued, “Grower sentiment in the U.S. is showing signs of improvement. However, overall market conditions and demand for capital investment continue to be constrained by lower commodity prices and farm income.  Absent a sustainable upturn in commodity prices, we expect irrigation growth opportunities to come primarily from international markets in the near term.  The longer-term drivers for our markets of population growth, expanded food production and efficient water use, and infrastructure upgrades and expansion support our expectations for growth.”

Third-Quarter Conference Call

Lindsay’s fiscal 2017 third 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 request 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 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 under the Lindsay Transportation Solutions trade name.  At May 31, 2017, Lindsay had approximately 10.7 million shares outstanding, which are traded on the New York Stock Exchange under the symbol LNN.

For more information regarding Lindsay Corporation, see the Company’s Web site at www.lindsay.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 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.

Lindsay Corporation and Subsidiaries
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
	Three months ended				Nine months ended
(in thousands, except per share amounts)		May 31, 2017		May 31, 2016		May 31, 2017		May 31, 2016
Operating revenues	$	151,533	$	141,319	$	386,048	$	383,514
Cost of operating revenues		105,627		99,511		278,827		274,847
Gross profit		45,906		41,808		107,221		108,667
Operating expenses:
Selling expense		10,451		10,606		30,565		30,961
General and administrative expense		13,693		11,882		35,278		43,925
Engineering and research expense		4,348		3,995		12,707		11,402
Total operating expenses		28,492		26,483		78,550		86,288
Operating income		17,414		15,325		28,671		22,379
Interest expense		(1,156)		(1,179)		(3,566)		(3,576)
Interest income		545		127		881		520
Other expense, net		(606)		(208)		(818)		(1,055)
Earnings before income taxes		16,197		14,065		25,168		18,268
Income tax expense		5,245		4,421		8,331		5,809
Net earnings	$	10,952	$	9,644	$	16,837	$	12,459
Earnings per share:
Basic	$	1.03	$	0.90	$	1.58	$	1.13
Diluted	$	1.02	$	0.90	$	1.58	$	1.13
Shares used in computing earnings per share:
Basic		10,677		10,709		10,657		10,997
Diluted		10,705		10,732		10,682		11,019
Cash dividends declared per share	$	0.29	$	0.28	$	0.87	$	0.84

Lindsay Corporation and Subsidiaries
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
	May 31,		May 31,		August 31,
(in thousands)	2017		2016		2016
ASSETS
Current assets:
Cash and cash equivalents	$	113,212	$	91,498	$	101,246
Restricted cash		-		2,029		2,030
Receivables, net		86,772		81,915		80,610
Inventories, net		88,601		82,845		74,750
Prepaid expenses		4,944		4,068		3,671
Other current assets		11,877		14,373		14,468
Total current assets		305,406		276,728		276,775
Property, plant, and equipment, net		74,409		79,160		77,627
Intangibles, net		43,874		48,367		47,200
Goodwill		76,843		76,778		76,803
Deferred income tax assets		6,027		3,473		4,225
Other noncurrent assets, net		4,728		5,054		4,885
Total assets	$	511,287	$	489,560	$	487,515
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	40,256	$	40,805	$	32,268
Current portion of long-term debt		200		196		197
Other current liabilities		62,501		55,651		55,395
Total current liabilities		102,957		96,652		87,860
Pension benefits liabilities		6,628		6,362		6,869
Long-term debt		116,826		117,025		116,976
Deferred income tax liabilities		1,111		1,278		1,223
Other noncurrent liabilities		20,060		23,307		23,020
Total liabilities		247,582		244,624		235,948
Shareholders' equity:
Preferred stock		-		-		-
Common stock		18,773		18,713		18,713
Capital in excess of stated value		61,709		56,766		57,338
Retained earnings		474,483		462,201		466,926
Less treasury stock - at cost		(277,238)		(277,238)		(277,238)
Accumulated other comprehensive loss, net		(14,022)		(15,506)		(14,172)
Total shareholders' equity		263,705		244,936		251,567
Total liabilities and shareholders' equity	$	511,287	$	489,560	$	487,515

Lindsay Corporation and Subsidiaries
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in thousands)	Nine months ended
		May 31, 2017		May 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$	16,837	$	12,459
Adjustments to reconcile net earnings to net cash provided
by operating activities:
Depreciation and amortization		12,337		12,771
Provision for uncollectible accounts receivable		(408)		(1,161)
Deferred income taxes		(1,383)		(4,737)
Share-based compensation expense		2,798		2,440
Other, net		226		755
Changes in assets and liabilities:
Receivables		(5,737)		(6,704)
Inventories		(13,217)		(7,732)
Prepaid expenses and other current assets		3,255		(1,425)
Accounts payable		8,182		1,452
Other current liabilities		4,734		(205)
Other noncurrent assets and liabilities		(3,158)		12,389
Net cash provided by operating activities		24,466		20,302
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(6,219)		(10,073)
Proceeds from settlement of net investment hedges		2,054		2,317
Payments for settlement of net investment hedges		(948)		(2,719)
Other investing activities, net		137		1,118
Net cash used in investing activities		(4,976)		(9,357)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options		2,455		113
Common stock withheld for payroll tax withholdings		(635)		(712)
Principal payments on long-term debt		(147)		(144)
Repurchase of common shares		-		(48,335)
Dividends paid		(9,280)		(9,161)
Net cash used in financing activities		(7,607)		(58,239)
Effect of exchange rate changes on cash and cash equivalents		83		(301)
Net change in cash and cash equivalents		11,966		(47,595)
Cash and cash equivalents, beginning of period		101,246		139,093
Cash and cash equivalents, end of period	$	113,212	$	91,498