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Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems. It also offers repair and replacement parts for its irrigation systems and controls, and diameter steel tubing; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling, and smartphone applications; and industrial Internet of Things technology solutions, data acquisition and management systems, and custom electronic equipment for applications under the Elecsys brand. The Infrastructure segment provides Road Zipper System comprised of T-shaped concrete and steel barriers, barrier transfer machine, and variable length barriers which are used for highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and repairs to tunnels and bridges. Additionally, it offers redirective and non-redirective crash cushions 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; specialty barriers; preformed tape and road safety accessory products, as well as rail products, such as signals and lights, structures, foundations, junction boxes, and signs. Lindsay Corporation was founded in 1955 and is headquartered in Omaha, Nebraska.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Lindsay Corporation manufactures irrigation systems and infrastructure products and provides digital water-management solutions for agricultural and municipal customers, operating brands such as Zimmatic and FieldNET. Long-term demand for efficient water use, precision agriculture adoption and recurring parts and service revenue may support growth and cash generation, which could make the company attractive to investors seeking exposure to ag-tech and infrastructure-related equipment.
Key risks include sensitivity to farm income and weather-driven irrigation demand, exposure to competitive pressure and pricing in equipment markets, reliance on supply chains and cyclicality in capital spending.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
| Income before tax | 100.38M | 87.87M | 50.39M | 48.84M | 2.11M |
| Net income | 72.38M | 65.47M | 42.57M | 38.63M | 2.17M |
| Selling general administrative | 56.41M | 55.47M | 51.92M | 52.95M | 63.74M |
| Selling and marketing expenses | 36.20M | 33.92M | 30.82M | 31.44M | 30.82M |
| Gross profit | 213.01M | 199.18M | 150.21M | 152.54M | 114.61M |
| Reconciled depreciation | 19.28M | 20.18M | 19.18M | 19.40M | 14.02M |
| Ebit | 104.16M | 94.64M | 54.11M | 54.20M | 6.12M |
| Ebitda | 123.44M | 112.31M | 74.31M | 73.00M | 20.89M |
| Depreciation and amortization | 19.28M | 17.67M | 20.21M | 18.80M | 14.78M |
| Non operating income net other | - | -2.51M | 1.03M | -0.60M | 0.76M |
| Operating income | 102.18M | 94.64M | 54.11M | 54.20M | 6.12M |
| Other operating expenses | 571.90M | 676.10M | 513.54M | 420.49M | 437.96M |
| Interest expense | 3.79M | 4.27M | 4.75M | 4.76M | 4.77M |
| Tax provision | 28.10M | 22.40M | 7.47M | 10.38M | -0.07M |
| Interest income | 1.00M | 3.65M | 3.67M | 2.80M | 2.40M |
| Net interest income | -1.00M | -3.65M | -3.67M | -2.80M | -2.37M |
| Extraordinary items | 0.10M | -0.31M | -0.34M | 0.17M | -0.16M |
| Income tax expense | 28.00M | 22.40M | 7.81M | 10.21M | -0.07M |
| Total revenue | 674.08M | 770.74M | 567.65M | 474.69M | 444.07M |
| Total operating expenses | 110.83M | 104.53M | 96.10M | 98.34M | 108.49M |
| Cost of revenue | 461.07M | 571.57M | 417.44M | 322.15M | 329.46M |
| Total other income expense net | -0.80M | -6.78M | -3.72M | -5.36M | -4.01M |
| Net income from continuing ops | 72.38M | 65.47M | 42.57M | 38.63M | 2.17M |
| Net income applicable to common shares | 72.38M | 65.47M | 42.57M | 38.63M | 2.17M |
| Breakdown | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
| Total assets | 745.66M | 710.65M | 637.18M | 570.53M | 500.31M |
| Intangible assets | 27.72M | 18.21M | 20.37M | 23.48M | 24.38M |
| Other current assets | 20.47M | 28.62M | 30.54M | 17.62M | 15.70M |
| Total liab | 290.01M | 317.30M | 298.74M | 272.01M | 232.10M |
| Total stockholder equity | 455.65M | 393.36M | 338.44M | 298.52M | 268.21M |
| Deferred long term liab | - | 1.05M | 0.83M | 0.89M | 0.87M |
| Other current liab | 66.95M | 70.13M | 53.30M | 53.53M | 34.74M |
| Common stock | 19.09M | 19.06M | 18.99M | 18.92M | 18.87M |
| Capital stock | 19.09M | 19.06M | 18.99M | 18.92M | 18.87M |
| Retained earnings | 636.30M | 579.00M | 528.13M | 499.72M | 474.74M |
| Other liab | 21.05M | 21.20M | 26.68M | 28.07M | 34.13M |
| Good will | 83.12M | 67.13M | 67.97M | 68.00M | 64.39M |
| Other assets | 30.62M | 34.56M | 22.47M | 24.07M | 29.09M |
| Cash | 160.75M | 105.05M | 127.11M | 121.40M | 127.20M |
| Cash and equivalents | 160.75M | 105.05M | 127.11M | 121.40M | 127.20M |
| Total current liabilities | 136.11M | 160.94M | 138.24M | 102.39M | 82.13M |
| Current deferred revenue | 21.63M | 30.56M | 39.52M | 19.12M | 17.75M |
| Net debt | -24.65M | 30.32M | 6.92M | 20.34M | -11.15M |
| Short term debt | 3.25M | 0.22M | 0.22M | 0.20M | 0.21M |
| Short long term debt | 0.23M | 0.22M | 0.22M | 0.20M | 0.21M |
| Short long term debt total | 136.11M | 135.37M | 134.03M | 141.74M | 116.06M |
| Other stockholder equity | -178.73M | -183.23M | -190.74M | -199.55M | -205.55M |
| Property plant equipment | 116.72M | 94.47M | 110.28M | 79.58M | 68.97M |
| Total current assets | 487.48M | 477.10M | 416.10M | 347.94M | 313.49M |
| Net tangible assets | 344.81M | 308.02M | 250.11M | 207.04M | 179.44M |
| Short term investments | 5.56M | 11.46M | 19.60M | 19.51M | - |
| Net receivables | 144.77M | 138.20M | 93.61M | 84.60M | 75.55M |
| Long term debt | 115.16M | 115.34M | 115.51M | 115.68M | 115.85M |
| Inventory | 155.93M | 193.78M | 145.24M | 104.79M | 92.29M |
| Accounts payable | 44.28M | 60.04M | 45.21M | 29.55M | 29.43M |
| Accumulated other comprehensive income | -21.01M | -21.47M | -17.93M | -20.57M | -19.85M |
| Common stock total equity | - | 19.06M | 18.99M | 18.92M | 18.87M |
| Retained earnings total equity | - | 579.00M | 528.13M | 499.72M | 474.74M |
| Treasury stock | - | -277.24M | -277.24M | -277.24M | -277.24M |
| Non currrent assets other | 19.73M | 25.25M | 14.36M | 14.14M | 17.33M |
| Deferred long term asset charges | - | - | - | - | 11.76M |
| Non current assets total | 258.18M | 233.55M | 221.08M | 222.59M | 186.82M |
| Capital lease obligations | 20.72M | 22.97M | 22.29M | 30.98M | - |
| Long term debt total | 115.16M | 115.34M | 115.51M | 115.68M | 115.85M |
| Breakdown | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
| Investments | -47.42M | 7.50M | -0.53M | -17.99M | 1.94M |
| Change to liabilities | -15.27M | 14.02M | 17.99M | 15.98M | 4.75M |
| Total cashflows from investing activities | -47.42M | -8.95M | -27.62M | -38.51M | -21.22M |
| Net borrowings | -0.22M | -0.22M | -0.20M | -0.23M | -0.32M |
| Total cash from financing activities | -17.30M | -12.69M | -11.66M | -13.44M | -14.64M |
| Change to operating activities | -2.81M | -2.38M | 7.81M | 3.28M | 7.55M |
| Net income | 72.38M | 65.47M | 42.57M | 38.63M | 2.17M |
| Change in cash | 55.71M | -22.06M | 5.70M | -5.80M | -33.58M |
| Begin period cash flow | 105.05M | 127.11M | 121.40M | 127.20M | 160.79M |
| End period cash flow | 160.75M | 105.05M | 127.11M | 121.40M | 127.20M |
| Total cash from operating activities | 119.71M | 3.05M | 43.97M | 46.03M | 3.80M |
| Depreciation | 19.28M | 20.18M | 19.18M | 19.40M | 14.02M |
| Other cashflows from investing activities | -28.64M | -0.85M | -0.58M | 0.92M | 0.06M |
| Dividends paid | -15.08M | -14.60M | -14.17M | -13.64M | 13.38M |
| Change to inventory | 40.95M | -53.80M | -38.16M | -14.04M | -16.19M |
| Change to account receivables | 0.88M | -47.51M | -1.23M | 0.54M | -5.17M |
| Sale purchase of stock | -2.47M | -1.18M | -1.27M | -1.11M | -1.12M |
| Other cashflows from financing activities | -2.22M | 0.41M | 3.96M | 1.54M | -0.12M |
| Change to netincome | 10.11M | 7.27M | 6.11M | 8.98M | -0.70M |
| Capital expenditures | 18.77M | 15.60M | 26.51M | 21.45M | 23.21M |
| Change receivables | - | -47.51M | -11.54M | -9.52M | -7.97M |
| Cash flows other operating | - | -2.57M | -10.62M | -13.39M | 7.72M |
| Cash and cash equivalents changes | - | -18.59M | 4.68M | -5.92M | -32.06M |
| Change in working capital | 17.94M | -89.87M | -23.89M | -20.97M | -14.48M |
| Stock based compensation | 6.53M | 5.46M | 6.19M | 5.62M | 4.20M |
| Other non cash items | 30.14M | 3.87M | -1.99M | 1.98M | 0.79M |
| Free cash flow | 100.93M | -12.55M | 17.46M | 24.59M | -19.41M |
Sector: Industrials Industry: Farm & Heavy Construction Machinery
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LNN Lindsay Corporation |
-0.82 0.76% |
108.14 | 20.44 | 19.49 | 2.13 | 3.15 | 2.09 | 11.39 |
| CAT Caterpillar Inc |
-5.28 0.88% |
596.34 | 42.55 | 34.84 | 5.54 | 17.47 | 6.00 | 28.37 |
| DE Deere & Company |
-1.13 0.16% |
690.62 | 33.11 | 33.44 | 3.39 | 6.11 | 4.70 | 18.67 |
| PCAR PACCAR Inc |
-0.29 0.27% |
107.84 | 25.84 | 16.50 | 2.32 | 3.18 | 2.54 | 19.47 |
| VLVLY Volvo AB ADR |
-0.31 0.96% |
32.11 | 12.06 | 12.84 | 0.10 | 3.05 | 0.13 | 0.83 |
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems. It also offers repair and replacement parts for its irrigation systems and controls, and diameter steel tubing; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling, and smartphone applications; and industrial Internet of Things technology solutions, data acquisition and management systems, and custom electronic equipment for applications under the Elecsys brand. The Infrastructure segment provides Road Zipper System comprised of T-shaped concrete and steel barriers, barrier transfer machine, and variable length barriers which are used for highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and repairs to tunnels and bridges. Additionally, it offers redirective and non-redirective crash cushions 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; specialty barriers; preformed tape and road safety accessory products, as well as rail products, such as signals and lights, structures, foundations, junction boxes, and signs. Lindsay Corporation was founded in 1955 and is headquartered in Omaha, Nebraska.
| Name | Title | Year Born |
|---|---|---|
| Mr. Randy A. Wood | Pres, CEO & Director | 1972 |
| Mr. Brian L. Ketcham | Sr. VP & CFO | 1961 |
| Mr. James Scott Marion | Pres of Infrastructure Division | 1968 |
| Mr. Gustavo E. Oberto | Pres of Irrigation Division | 1973 |
| Mr. Richard A. Harold | Sr. VP of Global Operations | 1973 |
| Ms. Lori L. Zarkowski | Chief Accounting Officer & Corp. Controller | 1975 |
| Dr. Melissa G. Moreno | Sr. VP & Chief Information Officer | 1979 |
| Mr. Eric R. Arneson | Sr. VP, Gen. Counsel & Sec. | 1974 |
| Ms. Kelly M. Staup | Sr. VP of HR & Chief Diversity Officer | 1972 |
| Mr. P. David Salen | Sr. VP of Global Operations | 1962 |
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