Last $83.19 USD
Change Today -0.86 / -1.02%
Volume 154.5K
As of 4:15 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

lindsay corp (LNN) Snapshot

Open
$83.82
Previous Close
$84.05
Day High
$84.31
Day Low
$82.93
52 Week High
02/7/14 - $92.93
52 Week Low
10/17/13 - $71.13
Market Cap
1.1B
Average Volume 10 Days
163.3K
EPS TTM
$4.04
Shares Outstanding
12.7M
EX-Date
05/14/14
P/E TM
20.6x
Dividend
$1.04
Dividend Yield
0.94%
Current Stock Chart for LINDSAY CORP (LNN)

lindsay corp (LNN) Related Businessweek News

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lindsay corp (LNN) Details

Lindsay Corporation designs, manufactures, and sells irrigation systems that are primarily used in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor in the United States and internationally. It also manufactures and markets various infrastructure products. The company’s Irrigation segment manufactures and markets center pivot, lateral move, and hose reel irrigation systems; irrigation controls, chemical injection systems, and remote monitoring and control systems; and water pumping stations and controls, as well as repair and replacement parts. This segment also provides hose reel travelers and solid set sprinklers; markets pivot monitoring and control systems; and offers separators and filtration solutions for groundwater, agriculture, industrial, and heat transfer markets. Its Infrastructure segment offers Quickchange Moveable Barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnel and bridge repairing; and redirective and non-redirective crash cushions, which are used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards. This segment also provides specialty barrier products that offer portability and flexibility in setting up and modifying barriers in work areas, and provide quick opening, high containment gates for use in median or roadside barriers; and road marking and road safety equipment. In addition, it offers diameter steel tubing, railroad signals, and structures; and outsourced manufacturing and production services for other companies. The company serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.

1,262 Employees
Last Reported Date: 10/18/13
Founded in 1954

lindsay corp (LNN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $567.4K
Chief Financial Officer and Vice President
Total Annual Compensation: $316.5K
President of Agricultural Irrigation Division
Total Annual Compensation: $301.5K
President of Infrastructure Business
Total Annual Compensation: $298.6K
Compensation as of Fiscal Year 2013.

lindsay corp (LNN) Key Developments

Lindsay Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended May 31, 2014

Lindsay Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2014. For the quarter, the company reported net earnings of $16.5 million, or $1.28 per share, down from $26.1 million, or $2.01 per share, a year earlier. Operating revenue fell 23% to $169.9 million. Total irrigation-equipment revenue dropped 26% to $149.0 million, primarily due to lower crop prices. U.S. irrigation revenue also declined 26% while international irrigation revenue decreased 26%. Infrastructure revenue increased 13% with increases in road safety, rail and Road Zipper product lines. Operating income was $25.222 million against $39.550 million a year ago. Earnings before income taxes were $25.500 million against $39.750 million a year ago. For the nine months, the company’s total revenues were $470.4 million, a 13% decrease from $542.5 million of revenues in the same prior year period. Net earnings were $40.2 million or $3.11 per diluted share compared with $60.1 million or $4.66 per diluted share in the prior year. Total irrigation equipment revenues decreased 17% to $414.1 million from $497.8 million during the first nine months of the prior fiscal year. U.S. irrigation revenues of $260.8 million declined 21%, while international irrigation revenues of $153.3 million decreased 8% due primarily to near-completion of the Iraq project. Infrastructure revenues increased 26% to $56.3 million. Operating income was $62.127 million against $91.260 million a year ago. Earnings before income taxes were $62.106 million against $91.621 million a year ago. Net cash provided by operating activities was $65.919 million against $40.886 million a year ago. Purchases of property, plant and equipment was $7.836 million against $8.149 million a year ago.

Lindsay Corporation to Report Q3, 2014 Results on Jun 25, 2014

Lindsay Corporation announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Jun 25, 2014

Lindsay Corporation, Q3 2014 Earnings Call, Jun 25, 2014

Lindsay Corporation, Q3 2014 Earnings Call, Jun 25, 2014

 

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Industry Analysis

LNN

Industry Average

Valuation LNN Industry Range
Price/Earnings 21.5x
Price/Sales 1.7x
Price/Book 2.7x
Price/Cash Flow 21.1x
TEV/Sales 1.4x
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