8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    FORM 8-K
                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934
                Date of Report (Date of earliest event reported):
                                February 9, 2004
                            LINDSAY MANUFACTURING CO.
                            -------------------------

             (Exact name of registrant as specified in its charter)

   Delaware                      1-13419                       47-0554096
- --------------                 -----------                    ------------
  (State of                    (Commission                   (IRS Employer
Incorporation)                 File Number)              Identification Number)


  2707 North 108th Street, Suite 102
          Omaha, Nebraska                                 68164
  ----------------------------------                     --------
(Address of principal executive offices)                (Zip Code)


                                 (402) 428-2131
                     ---------------------------------------
              (Registrant's telephone number, including area code)

                                 Not applicable
                                 ---------------

          (Former name or former address, if changed since last report)




ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

99.1     Press Release, dated February 9, 2004, issued by the Company.

ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

         On February 9, 2004, the Company issued a press release announcing an
         update of its outlook for fiscal 2004. A copy of the press release is
         furnished herewith as Exhibit 99.1.




                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                            LINDSAY MANUFACTURING CO.


Dated:  February 9, 2004              By /s/ Bruce C. Karsk
                               ----------------------------------------
                               Bruce C. Karsk, Executive Vice President
                                        and Chief Financial Officer

EX-99.1

                                  EXHIBIT 99.1

AT THE COMPANY:          AT FINANCIAL RELATIONS BOARD:
Bruce C. Karsk           Marilyn Windsor     Diane Hettwer       Tim Grace
Executive VP and CFO     General Inquiries   Analyst Inquiries   Media Inquiries
402-829-6803             702-515-1260        312-640-6760        312-640-6667

FOR IMMEDIATE RELEASE
MONDAY, FEBRUARY 9, 2004

            LINDSAY MANUFACTURING CO. UPDATES OUTLOOK FOR FISCAL 2004

OMAHA, NEB., FEBRUARY 9, 2004--LINDSAY MANUFACTURING CO. (NYSE: LNN), a leading
manufacturer of center pivot, lateral move, and hose reel irrigation systems,
today updated its outlook for its fiscal year ending August 31, 2004. The change
in outlook is a result of the current volatile cost environment for steel.

Rick Parod, president and chief executive officer, commented, "We previously
anticipated low double-digit earnings growth on revenue growth of approximately
8 to 10 percent, excluding acquisitions, for fiscal 2004. This outlook was based
on the more-stable steel cost environment that previously existed." Lindsay
continues to expect growth in net earnings and earnings per share during fiscal
2004, however, given the unprecedented and continued increases in steel costs,
the Company believes that the cost environment must stabilize before it can
provide more precise earnings guidance.

"We identified the rising price of steel as one of the challenges that we would
face this fiscal year, however, the speed and magnitude of recent steel cost
increases are unprecedented, and we have not been able to pass on the increased
cost quickly enough to maintain margins," Parod added. "While we continue to be
confident that our revenue growth goals can be achieved, we are experiencing
more pressure on our costs of goods sold than previously expected."

Parod continued, "In early November, we announced a 3 percent price increase,
effective on irrigation equipment orders received on or after December 1. Since
then, steel costs have increased more than we had anticipated, requiring that we
institute a second 3 percent increase as of February 1, 2004."




FISCAL 2004 SECOND-QUARTER EARNINGS RELEASE AND CONFERENCE CALL
The Company's fiscal 2004 second quarter ends on February 29, 2004. The earnings
release and conference call for the quarter are scheduled for the week of March
22nd.

ABOUT THE COMPANY
Lindsay manufactures and markets Zimmatic, Greenfield, and Perrot center pivot,
lateral move and hose reel irrigation systems and GrowSmart controls, all of
which are used by farmers to increase or stabilize crop production while
conserving water, energy, and labor. The Company also produces large diameter
steel tubing and provides outsourced manufacturing and production services for
other companies. At November 30, 2003, Lindsay had approximately 11.8 million
shares outstanding, which are traded on the New York Stock Exchange under the
symbol LNN.

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. 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 "expectation,"
"outlook," "could," "may," "should," 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.



            FOR MORE INFORMATION REGARDING LINDSAY MANUFACTURING CO.,
              SEE LINDSAY'S WEBSITE AT www.lindsaymanufacturing.com