LNN FY 2007 Earnings Report — Lindsay Corporation Revenue & Financial Results | Market Cap Arena

Lindsay CorporationLNN

FY 2007 Earnings

Reported November 13, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$282M	—	$226M	—	24.7%
Op. Income	$24M	—	$16M	—	53.3%
Gross Margin	24.7%	—	21.3%	—	3.4pp
Net Margin	5.5%	—	5.2%	—	0.4pp
EPS (Diluted)	$1.31	—	$1.00	—	31.0%
Free Cash Flow	-$5M	—	$11M	—	-141.9%

Revenue Flow

Item	Amount
REVENUE	$282M
Cost of Revenue	$212M
GROSS PROFIT	$70M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$41M
SG&A Expenses	$41M
Other Expenses	$0
Operating Expenses	$46M
Cost & Expenses	$258M
OPERATING INCOME	$24M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$374.0K
INCOME BEFORE TAX	$24M
Income Tax Expense	$9M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$7M
EBIT	$27M
EBITDA	$24M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$282M
Cost of Revenue	$212M
GROSS PROFIT	$70M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$41M
SG&A Expenses	$41M
Other Expenses	$0
Operating Expenses	$46M
Cost & Expenses	$258M
OPERATING INCOME	$24M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$374.0K
INCOME BEFORE TAX	$24M
Income Tax Expense	$9M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$7M
EBIT	$27M
EBITDA	$24M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$7M
Stock-Based Compensation	$0
Deferred Income Tax	-$3M
Other Non-Cash Items	$2M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$10M
Capital Expenditure	-$15M
Acquisitions (Net)	-$17M
Purchases of Investments	-$91M
Sales/Maturities of Investments	$79M
Other Investing Activities	$165.0K
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$1M
NET CASH FROM FINANCING	$9M
FREE CASH FLOW	-$5M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$28M
Net Receivables	$47M
Inventory	$41M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$150M
PP&E (Net)	$44M
Goodwill	$17M
Intangible Assets	$26M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$92M
TOTAL ASSETS	$242M
Account Payables	$18M
Short-Term Debt	$6M
Deferred Revenue	$4M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$52M
Long-Term Debt	$32M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$50M
TOTAL LIABILITIES	$101M
Common Stock	$18M
Additional Paid-In Capital	$12M
Retained Earnings	$205M
Treasury Stock	-$96M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$141M
Minority Interest	$0
TOTAL EQUITY	$141M
TOTAL LIABILITIES & EQUITY	$242M
Total Debt	$38M
Net Debt	$17M