Lindsay Corp (N:LNN)
Business Focus: Agricultural Machinery
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 18135 Burke Street, Suite 100 OMAHA NE 68022 |
| Tel: | 1-312-4452870 |
| Website: | https://www.lindsay.com |
| IR: | See website |
| Key People | ||
| Randy A. Wood President, Chief Executive Officer, Director | Brian L. Ketcham Chief Financial Officer, Senior Vice President | J. Scott Marion President - Infrastructure | Gustavo E. Oberto President - Irrigation |
| Business Overview |
| Lindsay Corporation is engaged in providing a variety of proprietary water management and road infrastructure products and services. The Company is engaged in manufacture and distribution of agricultural irrigation equipment. It has two segments: Irrigation and Infrastructure. Irrigation segment includes the manufacturing 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 segment also manufactures and markets repair and replacement parts for its irrigation systems and controls. Infrastructure segment includes the manufacturing and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, and railroad signals and structures. The principal infrastructure manufacturing facilities are located in Rio Vista, California; Milan, Italy; and Lindsay, Nebraska. |
| Financial Overview |
| For the six months ended 29 February 2024, Lindsay Corp revenues decreased 9% to $312.9M. Net income decreased 9% to $33.1M. Revenues reflect Irrigation segment decrease of 9% to $273.2M, Infrastructure segment decrease of 7% to $39.7M, International segment decrease of 20% to $101M, North America segment decrease of 1% to $172.2M. Net income also reflects Irrigation segment income decrease of 17% to $51M. Dividend per share increased from $0.68 to $0.70. |
| Employees: | 1,209 as of Aug 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,277M as of Feb 29, 2024 |
| Annual revenue (TTM): | $644.56M as of Feb 29, 2024 |
| EBITDA (TTM): | $113.65M as of Feb 29, 2024 |
| Net annual income (TTM): | $69.15M as of Feb 29, 2024 |
| Free cash flow (TTM): | $78.31M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 11,038,276 as of Apr 2, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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