LNN FY 2018 Earnings Report — Lindsay Corporation Revenue & Financial Results | Market Cap Arena

Lindsay CorporationLNN

FY 2018 Earnings

Reported October 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$548M	—	$518M	—	5.7%
Op. Income	$39M	—	$40M	—	-4.1%
Gross Margin	27.7%	—	28.0%	—	-0.3pp
Net Margin	3.7%	—	4.5%	—	-0.8pp
EPS (Diluted)	$1.88	—	$2.17	—	-13.4%
Free Cash Flow	$23M	—	$31M	—	-25.2%

Revenue Flow

Item	Amount
REVENUE	$548M
Cost of Revenue	$396M
GROSS PROFIT	$151M
R&D Expenses	$16M
Selling & Marketing	$41M
General & Administrative	$56M
SG&A Expenses	$97M
Other Expenses	$0
Operating Expenses	$113M
Cost & Expenses	$509M
OPERATING INCOME	$39M
Interest Income	$2M
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$34M
Income Tax Expense	$14M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$17M
EBIT	$39M
EBITDA	$56M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$548M
Cost of Revenue	$396M
GROSS PROFIT	$151M
R&D Expenses	$16M
Selling & Marketing	$41M
General & Administrative	$56M
SG&A Expenses	$97M
Other Expenses	$0
Operating Expenses	$113M
Cost & Expenses	$509M
OPERATING INCOME	$39M
Interest Income	$2M
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$34M
Income Tax Expense	$14M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$17M
EBIT	$39M
EBITDA	$56M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$17M
Stock-Based Compensation	$4M
Deferred Income Tax	-$50.0K
Other Non-Cash Items	$4M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$34M
Capital Expenditure	-$11M
Acquisitions (Net)	$30M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$2M
Other Investing Activities	$82.0K
NET CASH FROM INVESTING	$18M
Net Debt Issuance	-$201.0K
Common Stock Repurchased	-$833.0K
Common Dividends Paid	-$13M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$11M
FREE CASH FLOW	$23M
Net Change in Cash	$39M

Balance Sheet

Item	Amount
Cash & Equivalents	$161M
Short-Term Investments	$0
Net Receivables	$69M
Inventory	$79M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$331M
PP&E (Net)	$57M
Goodwill	$65M
Intangible Assets	$27M
Long-Term Investments	$0
Tax Assets	$7M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$169M
TOTAL ASSETS	$500M
Account Payables	$31M
Short-Term Debt	$205.0K
Deferred Revenue	$9M
Other Current Liabilities	$28M
TOTAL CURRENT LIABILITIES	$80M
Long-Term Debt	$116M
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$143M
TOTAL LIABILITIES	$223M
Common Stock	$19M
Additional Paid-In Capital	$68M
Retained Earnings	$485M
Treasury Stock	-$277M
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$277M
Minority Interest	$0
TOTAL EQUITY	$277M
TOTAL LIABILITIES & EQUITY	$500M
Total Debt	$117M
Net Debt	-$44M