LNN FY 2011 Earnings Report — Lindsay Corporation Revenue & Financial Results | Market Cap Arena

Lindsay CorporationLNN

FY 2011 Earnings

Reported October 27, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$479M	—	$358M	—	33.6%
Op. Income	$57M	—	$38M	—	49.5%
Gross Margin	27.1%	—	27.6%	—	-0.5pp
Net Margin	7.7%	—	6.9%	—	0.7pp
EPS (Diluted)	$2.90	—	$1.98	—	46.5%
Free Cash Flow	$35M	—	$19M	—	78.1%

Revenue Flow

Item	Amount
REVENUE	$479M
Cost of Revenue	$349M
GROSS PROFIT	$130M
R&D Expenses	$10M
Selling & Marketing	$28M
General & Administrative	$35M
SG&A Expenses	$63M
Other Expenses	$0
Operating Expenses	$73M
Cost & Expenses	$422M
OPERATING INCOME	$57M
Interest Income	$315.0K
Interest Expense	$762.0K
Other Income/Expenses	-$72.0K
INCOME BEFORE TAX	$57M
Income Tax Expense	$20M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$12M
EBIT	$57M
EBITDA	$68M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$479M
Cost of Revenue	$349M
GROSS PROFIT	$130M
R&D Expenses	$10M
Selling & Marketing	$28M
General & Administrative	$35M
SG&A Expenses	$63M
Other Expenses	$0
Operating Expenses	$73M
Cost & Expenses	$422M
OPERATING INCOME	$57M
Interest Income	$315.0K
Interest Expense	$762.0K
Other Income/Expenses	-$72.0K
INCOME BEFORE TAX	$57M
Income Tax Expense	$20M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$12M
EBIT	$57M
EBITDA	$68M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$12M
Stock-Based Compensation	$3M
Deferred Income Tax	-$3M
Other Non-Cash Items	$596.0K
Change in Working Capital	-$7M
OPERATING CASH FLOW	$43M
Capital Expenditure	-$8M
Acquisitions (Net)	-$6M
Purchases of Investments	-$1M
Sales/Maturities of Investments	$0
Other Investing Activities	$80.0K
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$843.0K
Common Dividends Paid	-$4M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$3M
FREE CASH FLOW	$35M
Net Change in Cash	$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$108M
Short-Term Investments	$0
Net Receivables	$79M
Inventory	$50M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$258M
PP&E (Net)	$58M
Goodwill	$31M
Intangible Assets	$29M
Long-Term Investments	-$9M
Tax Assets	$9M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$123M
TOTAL ASSETS	$381M
Account Payables	$32M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$43M
TOTAL CURRENT LIABILITIES	$79M
Long-Term Debt	$4M
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$26M
TOTAL LIABILITIES	$105M
Common Stock	$18M
Additional Paid-In Capital	$39M
Retained Earnings	$303M
Treasury Stock	-$91M
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$276M
Minority Interest	$0
TOTAL EQUITY	$276M
TOTAL LIABILITIES & EQUITY	$381M
Total Debt	$9M
Net Debt	-$100M