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Lindsay Corporation

OverviewSuggest Edit

Lindsay Corporation is a manufacturer of Zimmatic brand center pivot irrigation systems. The Company has operations which are categorized into two major reporting segments, Irrigation, and Infrastructure. Lindsay’s irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems which are used principally in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor. The irrigation segment also manufactures and markets repair and replacement parts for its irrigation systems and controls. In addition, the irrigation segment also designs and manufactures water pumping stations and controls for the agriculture, golf, landscape and municipal markets and filtration solutions for groundwater, agriculture, industrial and heat transfer markets. The infrastructure segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, large diameter steel tubing, and railroad signals and structures. The infrastructure segment also provides outsourced manufacturing and production services.

TypePublic
Founded1955
HQOmaha, USMap
Websitelindsay.com
Employee Ratings3.7More
View Jobs (37)

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Latest Updates

Employees (est.) (Aug 2019)1,069(-24%)
Job Openings37
Revenue (FY, 2019)$444.1 M(-18%)
Share Price (Dec 2019)$91.3

Key People/Management at Lindsay Corporation

Timothy L. Hassinger

Timothy L. Hassinger

President & Chief Executive Officer
J. Scott Marion

J. Scott Marion

President - Infrastructure
Randy A. Wood

Randy A. Wood

President - Irrigation
Brian L. Ketcham

Brian L. Ketcham

Senior Vice President & Chief Financial Officer
Lori L. Zarkowski

Lori L. Zarkowski

Chief Accounting Officer & Corporate Controller
Eric R. Arneson

Eric R. Arneson

Senior Vice President, General Counsel & Secretary
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Lindsay Corporation Office Locations

Lindsay Corporation has offices in Omaha, Fresno, Hartland, Hermiston and in 9 other locations
Omaha, US (HQ)
18135 Burke St #100, Elkhorn
Fresno, US
1365 N Clovis Ave
Hartland, US
525 E Industrial Dr
Hermiston, US
505 E Main St
Lindsay, US
214 E 2nd St
Omaha, US
2222 111th St
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Lindsay Corporation Financials and Metrics

Lindsay Corporation Revenue

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Lindsay Corporation's revenue was reported to be $444.07 m in FY, 2019
USD

Revenue (FY, 2019)

444.1m

Gross profit (FY, 2019)

114.6m

Gross profit margin (FY, 2019), %

25.8%

Net income (FY, 2019)

2.2m

EBIT (FY, 2019)

6.1m

Market capitalization (6-Dec-2019)

986.7m

Closing stock price (6-Dec-2019)

91.3

Cash (31-Aug-2019)

127.2m

EV

975.5m
Lindsay Corporation's current market capitalization is $986.7 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

551.3m690.8m617.9m560.2m516.4m518.0m547.7m444.1m

Revenue growth, %

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

Cost of goods sold

402.7m496.0m446.9m403.9m367.8m373.0m396.2m329.5m

Gross profit

148.5m194.8m171.0m156.3m148.6m145.0m151.5m114.6m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

119.2m132.1m172.1m147.4m175.5m219.5m147.7m152.8m169.9m134.8m141.1m160.7m121.6m120.6m141.3m110.4m124.1m151.5m124.5m130.3m169.6m112.0m109.2m121.1m

Cost of goods sold

89.0m95.6m123.1m104.5m125.2m156.5m107.5m110.1m121.7m97.9m101.5m114.3m87.2m88.1m99.5m91.2m105.6m92.1m95.0m118.1m83.3m84.7m91.1m

Gross profit

30.2m36.5m49.0m42.9m50.4m63.0m40.2m42.7m48.2m36.9m39.6m46.4m34.4m32.4m41.8m32.9m45.9m32.4m35.3m51.5m28.6m24.5m30.0m

Gross profit Margin, %

25%28%28%29%29%29%27%28%28%27%28%29%28%27%30%27%30%26%27%30%26%22%25%
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

143.4m151.9m171.8m139.1m101.2m121.6m160.8m127.2m

Accounts Receivable

82.6m120.3m94.1m74.1m73.9m69.1m75.6m

Prepaid Expenses

10.5m15.3m18.7m5.2m4.4m3.9m15.7m

Inventories

52.9m68.6m71.7m74.9m74.8m86.2m79.2m92.3m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

108.7m105.0m119.8m152.2m159.6m170.2m151.8m165.5m182.1m139.3m167.2m154.0m129.3m89.5m91.5m103.1m102.8m113.2m109.5m102.2m111.8m137.2m102.8m110.8m

Accounts Receivable

76.7m77.5m95.7m88.9m105.4m130.9m122.1m111.2m103.5m89.2m93.3m93.4m70.4m79.2m81.9m78.8m86.8m79.8m96.7m92.1m84.9m88.6m94.6m

Prepaid Expenses

11.8m14.2m13.2m10.7m15.0m18.3m16.0m18.2m20.0m18.9m21.9m17.6m18.5m19.2m20.5m5.2m4.9m3.6m5.3m4.1m3.2m4.9m17.9m

Inventories

57.6m68.6m62.1m67.3m78.1m72.5m75.6m81.0m79.0m77.0m82.3m79.1m78.2m82.1m82.8m80.1m82.8m88.6m94.0m103.0m82.6m88.9m100.0m91.1m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

43.3m70.6m51.5m26.3m20.3m23.2m20.3m2.2m

Depreciation and Amortization

12.5m15.4m14.8m16.4m16.9m16.7m16.5m14.0m

Inventories

(5.6m)(10.0m)(2.7m)915.0k1.3m(10.1m)(8.2m)(16.2m)

Accounts Payable

723.0k9.2m(623.0k)(337.0k)(7.1m)4.1m159.0k2.1m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

2.9m15.7m18.8m14.7m34.1m60.1m10.2m23.7m40.2m7.6m16.6m29.5m6.9m2.8m12.5m873.0k5.9m16.8m3.2m4.9m15.3m1.2m(2.2m)669.0k

Depreciation and Amortization

3.1m6.2m2.4m3.1m6.2m9.4m3.7m7.4m11.1m3.7m8.0m12.1m4.3m8.5m12.8m4.0m8.1m12.3m4.3m8.6m12.9m3.4m6.9m10.5m

Inventories

(9.6m)(20.2m)(14.3m)(24.8m)(19.9m)(6.6m)(12.2m)(9.7m)(5.3m)(3.6m)(1.2m)(3.7m)(8.1m)(7.7m)(5.7m)(7.4m)(13.2m)(8.7m)(15.2m)(8.2m)(11.4m)(22.2m)(14.5m)

Accounts Payable

8.8m7.8m19.2m32.1m25.2m3.4m11.4m4.5m7.3m9.8m6.2m733.0k(2.2m)1.5m415.0k11.9m8.2m4.6m9.7m1.9m13.9m8.4m9.1m
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USDY, 2019

EV/EBIT

159.5 x

EV/CFO

256.9 x

Revenue/Employee

415.4k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x
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Lindsay Corporation Online and Social Media Presence

Lindsay Corporation's Trends

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Lindsay Corporation News and Updates

April 04, 2019

Lindsay Corporation Partners with Iteris to Create Smart Work Zones on U.S. Roadways

OMAHA, Neb. and SANTA ANA, Calif., April 4, 2019 /PRNewswire/ -- Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, and Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for...
April 02, 2019

The Climate Corporation and Lindsay Corporation Partner to Deliver Data-Driven Irrigation Management Insights for Farmers

SAN FRANCISCO, April 2, 2019 /PRNewswire/ -- The Climate Corporation (Climate), a subsidiary of Bayer, and Lindsay Corporation, a leading global manufacturer and distributor of irrigation technology, today announced a platform agreement that will establish two-way data connectivity...
September 11, 2018

Fertigation Global Market 2018: Key Players – The Toro Company, Jain Irrigation Systems, Lindsay Corporation, Valmont Industries, Rivulis

Fertigation -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday
June 28, 2018

Lindsay Corporation 2018 Q3 - Results - Earnings Call Slides

June 28, 2018

Lindsay Corporation (LNN) CEO Tim Hassinger on Q3 2018 Results - Earnings Call Transcript

 Lindsay Corporation Frequently Asked Questions

  • When was Lindsay Corporation founded?

    Lindsay Corporation was founded in 1955.

  • Who are Lindsay Corporation key executives?

    Lindsay Corporation's key executives are Timothy L. Hassinger, J. Scott Marion and Randy A. Wood.

  • How many employees does Lindsay Corporation have?

    Lindsay Corporation has 1,069 employees.

  • What is Lindsay Corporation revenue?

    Latest Lindsay Corporation annual revenue is $444.1 m.

  • What is Lindsay Corporation revenue per employee?

    Latest Lindsay Corporation revenue per employee is $415.4 k.

  • Who are Lindsay Corporation competitors?

    Competitors of Lindsay Corporation include AGCO, Uponor and Gardener's Supply Company.

  • Where is Lindsay Corporation headquarters?

    Lindsay Corporation headquarters is located at 18135 Burke St #100, Elkhorn, Omaha.

  • Where are Lindsay Corporation offices?

    Lindsay Corporation has offices in Omaha, Fresno, Hartland, Hermiston and in 9 other locations.

  • How many offices does Lindsay Corporation have?

    Lindsay Corporation has 16 offices.