Last $76.46 USD
Change Today -0.45 / -0.59%
Volume 75.6K
LNN On Other Exchanges
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New York
As of 8:04 PM 04/29/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

2222 North 111th Street

Omaha, NE 68164

United States

Phone: 402-829-6800

Fax: 402-829-6834

Lindsay Corporation provides proprietary water management and road infrastructure products and services. The company's operations are categorized into two segments, Irrigation and Infrastructure. Irrigation This 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 company also exports equipment from the U.S. to other international markets. Products: The company also manufactures and markets hose reel travelers under the Perrot and Greenfield brands in Europe and South Africa. The company produces or markets chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors and remote monitoring and control systems, which it sells under its GrowSmart brand. In addition to whole systems, the company manufactures and markets repair and replacement parts for its irrigation systems and controls. The company also designs and manufactures water pumping stations and controls for the agriculture, golf, landscape and municipal markets under its Watertronics brand and filtration solutions for groundwater, agriculture, industrial and heat transfer markets, worldwide, under its LAKOS brand. Furthermore, the company designs and manufactures M2M communication technology solutions, data acquisition and management systems and custom electronic equipment for critical applications under its Elecsys brand. The company’s irrigation systems are primarily of the standard sized center pivot type, with a small portion of its products consisting of the lateral move type. Both are automatic move systems consisting of sprinklers mounted on a water carrying pipeline, which is supported approximately 11 feet off the ground by a truss system suspended between moving towers. A typical center pivot in the U.S. is approximately 1,300 feet long and is designed to circle within a quarter-section of land, which comprises 160 acres, wherein it irrigates approximately 125 to 130 acres. A center pivot or lateral move system can also be custom designed and can irrigate from 25 to 600+ acres. The company’s center pivot and lateral move irrigation systems can be enhanced with a family of integrated proprietary products, such as water pumping stations, GPS monitoring and other automated controls. The company also markets proprietary remote monitoring and automation technology for pivot and drip irrigation systems that is sold on a subscription basis under the FieldNET product name. FieldNET technology allows growers to remotely monitor and operate irrigation equipment, saving time and reducing water and energy consumption. The technology uses cellular or radio frequency communication systems to remotely acquire data relating to various conditions in an irrigated field, including operational status of the irrigation system, position of the irrigation system, water flow rates, weather and soil conditions and similar data. Other Types of Irrigation Center pivot and lateral move irrigation systems compete with three other types of irrigation: flood, drip, and other mechanical devices, such as hose reel travelers and solid set sprinklers. The bulk of the worldwide irrigation is accomplished by the traditional method of flood irrigation. Flood irrigation is accomplished by either flooding an entire field, or by providing a water source (ditches or a pipe) along the side of a field, which is planed and slopes slightly away from the water source. Markets United States Market: In the United States, the company sells its branded irrigation systems, including Zimmatic, to approximately 200 independent dealer locations, who resell to t

 

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LNN

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Valuation LNN Industry Range
Price/Earnings 69.6x
Price/Sales 1.6x
Price/Book 3.3x
Price/Cash Flow 66.0x
TEV/Sales 1.2x
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