Lindsay Corporation

Lindsay Corporation has been involved in the manufacture and distribution of agricultural equipment for over 50 years. Lindsay is a public company listed on the New York Stock Exchange (LNN) and is ISO9001:2000 certified. The ability to combine automation and quality control with a motivated work force has enabled Lindsay to expand in other areas. The company's Contract Manufacturing business has established manufacturing partnerships with many major OEMs. In addition, its Steel Tubing business supplies a full range of products to a growing list of customers throughout the U.S. In 2006, the company acquired Barrier Systems, Inc., a manufacturer of proprietary movable barriers for lane management and highway crash cushions to improve the safety of motorists and highway workers. In December 2006, Lindsay acquired Snoline S.P.A., a European leader in road marking and roadway safety equipment. The two companies now form part of Lindsay Corporation Infrastructure Division but irrigation remains Lindsay's core business. Lindsay added to its core business in January 2008 with the acquisition of Watertronics Inc., a full line supplier of Golf, Residential, Commercial, Sports Turf and Municipal systems including Vertical Turbine, Horizontal Centrifugal, Vertical Centrifugal, Submerged Sled, Self-Contained Enclosed and Custom-built systems. Lindsay has become a major worldwide force in expanding the benefits of irrigation while making it more efficient. Lindsay's name comes from its location, the town of Lindsay, Nebraska, in the center of the United States. The company's success comes from finding a better way to irrigate almost any crop on varied terrain and soils to increase yields and better utilize natural resources. Lindsay's Infrastructure Segment continues to develop and promote products to make roadways safer for motorists and highway workers worldwide.
Company Growth (employees)
Type
Public
HQ
Omaha, US
Founded
1955
Size (employees)
1,366 (est)+4%
Lindsay Corporation was founded in 1955 and is headquartered in Omaha, US

Lindsay Corporation Office Locations

Lindsay Corporation has offices in Omaha, Portland, Hermiston, Rio Vista and in 13 other locations
Omaha, US (HQ)
2222 111th St
Colyton, NZ
581 Taonui Rd
Harristown, AU
19 Spencer St
Trezzo Sull'adda, IT
19 Via Francesco Baracca
Rotterdam, NL
278 Weena
Cape Town, ZA
6 Talana Rd
Mogi Mirim, BR
R. São Paulo
Hartland, US
525 E Industrial Dr
Lindsay, US
214 E 2nd St
Olathe, US
846 N Mart Way Dr
Fresno, US
1365 N Clovis Ave
Rio Vista, US
180 River Rd
Hermiston, US
505 E Main St
Portland, US
2800 Nw 29th Ave

Lindsay Corporation Metrics

Lindsay Corporation Financial Metrics

Revenue (2016)

$516.4 m

Revenue growth (2015-16), %

(8%)

Net income (2016)

$20.3 m

Market capitalization (28-Apr-2017)

$926.1 m

Closing share price (28-Apr-2017)

$88.2

Cash (31-Aug-2016)

$101.2 m
Lindsay Corporation's current market capitalization is $926.1 m.
Lindsay Corporation's revenue was reported to be $516.4 m in FY, 2016 which is a 8% decrease from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$690.8 m$617.9 m$560.2 m$516.4 m

Revenue growth, %

(11%)(9%)(8%)

Operating expense total

$87.8 m$92.6 m$105.6 m$114.2 m

EBIT

$107.1 m$78.4 m$50.7 m$34.4 m

EBIT margin, %

15%13%9%7%

Interest expense

$304 k$187 k$2.6 m$4.8 m

Interest income

$496 k$729 k$631 k$645 k

Pre tax profit

$107.3 m$78.7 m$46.8 m$29.3 m

Income tax expense

$36.7 m$27.1 m$20.4 m$9 m

Net Income

$70.6 m$51.5 m$26.3 m$20.3 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$151.9 m$171.8 m$139.1 m$101.2 m

Accounts Receivable

Inventories

Current Assets

$368.8 m$374.1 m$322.2 m$292.1 m

PP&E

$65.1 m$72.5 m$78.7 m$77.6 m

Goodwill

$37.4 m$37 m$76.8 m$76.8 m

Total Assets

$512.3 m$526.6 m$536.5 m$499.6 m

Accounts Payable

$42.3 m$42.4 m$38.8 m$32.3 m

Total Debt

$117.4 m$117.2 m

Current Liabilities

$102.1 m$116.4 m$95.1 m$87.9 m

Additional Paid-in Capital

$49.8 m$52.9 m$55.2 m$57.3 m

Retained Earnings

$405.6 m$445.4 m$458.9 m$466.9 m

Total Equity

$380.6 m$382.6 m$288.6 m$251.6 m

Debt to Equity Ratio

0.4 x0.5 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

1.3 x1.4 x1.9 x2 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$70.6 m$51.5 m$26.3 m$20.3 m

Depreciation and Amortization

$12.6 m$14.8 m$16.4 m$16.9 m

Accounts Receivable

Inventories

($10 m)($2.7 m)$915 k$1.3 m

Accounts Payable

$9.2 m($623 k)($337 k)($7.1 m)

Cash From Operating Activities

$57.5 m$91.8 m$48.7 m$33.1 m

Purchases of PP&E

($11.1 m)($17.7 m)($15.2 m)($11.5 m)

Cash From Investing Activities

($41.1 m)($18.5 m)($79.6 m)($9.9 m)

Long-term Borrowings

($4.3 m)($112 k)($193 k)

Dividends Paid

($6.1 m)($11.7 m)($12.8 m)($12.2 m)

Cash From Financing Activities

($8 m)($53.6 m)$3.9 m($61.3 m)

Interest Paid

$369 k$234 k$2.4 m$4.7 m

Income Taxes Paid

$38.3 m$26.3 m$26.9 m$18.4 m

Lindsay Corporation Market Value History

Lindsay Corporation Company Life

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