Last $87.58 USD
Change Today -1.30 / -1.46%
Volume 77.7K
LNN On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

lindsay corp (LNN) Snapshot

Open
$88.92
Previous Close
$88.88
Day High
$89.00
Day Low
$87.48
52 Week High
04/24/14 - $91.60
52 Week Low
09/22/14 - $73.01
Market Cap
1.1B
Average Volume 10 Days
89.1K
EPS TTM
$3.94
Shares Outstanding
12.0M
EX-Date
02/11/15
P/E TM
22.2x
Dividend
$1.08
Dividend Yield
1.22%
Current Stock Chart for LINDSAY CORP (LNN)

lindsay corp (LNN) Related Businessweek News

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lindsay corp (LNN) Details

Lindsay Corporation provides proprietary water management and road infrastructure products and services in the United States and internationally. The company’s Irrigation segment 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. This segment’s products include 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. It also provides hose reel travelers and solid set sprinklers; 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.

1,202 Employees
Last Reported Date: 10/15/14
Founded in 1954

lindsay corp (LNN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $595.7K
Chief Financial Officer and Vice President
Total Annual Compensation: $327.0K
President of Agricultural Irrigation Division
Total Annual Compensation: $333.3K
President of Infrastructure Division
Total Annual Compensation: $320.9K
Compensation as of Fiscal Year 2014.

lindsay corp (LNN) Key Developments

Lindsay Corporation Enters into an Unsecured Amended and Restated Revolving Credit Agreement

On February 18, 2015, Lindsay Corporation entered into an unsecured amended and restated revolving credit agreement, by and between the company and Wells Fargo Bank, National Association. The amended credit agreement amends and restates the revolving credit agreement, dated January 24, 2008, as amended on January 23, 2010, January 23, 2011, February 13, 2013 and January 22, 2014, by and between the company and the Bank. The amended credit agreement increases the borrowing capacity under the unsecured revolving credit facility from $30 million to $50 million and extends the termination date from February 13, 2016 to February 18, 2018. The interest rate on borrowings under the amended credit agreement was unchanged and will continue to be at a spread to LIBOR based on the company's leverage ratio.

Lindsay Corporation Seeks Acquisitions

Lindsay Corporation (NYSE:LNN) is looking for acquisition opportunities. Lindsay Corporation announced that it expects to receive $115 million in funding from a group of lenders and intends to use the proceeds of the sale of the Senior Notes for general corporate purposes, including for acquisitions, dividends and share repurchases.

Lindsay Corporation Announces Executive Changes

On January 26, 2015, Howard G. Buffett informed to Lindsay Corporation that he will not stand for re-election as a director when his term expires at the company's annual meeting to be held in January 2016, citing increased demands on his time. On January 26, 2015, following the annual meeting of stockholders, the Board of Directors elected Michael C. Nahl to serve as Chairman of the Board of Directors, succeeding Michael N. Christodolou who will continue as a director.

 

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Industry Analysis

LNN

Industry Average

Valuation LNN Industry Range
Price/Earnings 23.1x
Price/Sales 1.8x
Price/Book 3.0x
Price/Cash Flow 21.9x
TEV/Sales 1.5x
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