Lindsay Corporation is a leading provider of automated mechanical irrigation equipment and of traffic safety products. The Company manufactures and markets center-pivot, lateral-move and hose reel irrigation systems which are sold through its worldwide network of dealers. The Company's Zimmatic, GrowSmart and Greenfield brands are highly recognized for their quality and technological leadership. Lindsay's irrigation systems use water, chemicals, energy, and labor more efficiently than other irrigation methods. The Company also manufactures and markets infrastructure products including movable barriers for lane management to reduce traffic congestion and improve safety through its wholly owned subsidiaries Barrier Systems Inc. (BSI) and Snoline S.P.A. In addition, the Company produces crash cushions and specialty barriers to improve motorist and highway worker safety, and large diameter steel tubing.
For fiscal year 2007, improved irrigation market conditions driven by higher agricultural commodity prices, combined with growth in the infrastructure segment resulted in a 25% increase in revenues
Lindsay Corporation offers both "growth" and "value" investors' value creation through the following strategies:
- The Company is expanding its global market share by introducing new products to the market through acquisition and organic development.
- Lindsay is protecting and building sales margins by differentiating its product offering and by ongoing investment in manufacturing efficiencies.
- The Company has established local manufacturing and distribution in important international growth markets.
- Building on the success of recent additions, Lindsay continues aggressively pursuing acquisitions of businesses and product lines that are synergistic and provide platforms for growth in the attractive water and infrastructure markets.
- Lindsay uses its cash flow and liquid assets to invest in internal growth opportunities, dividends, strategic acquisitions and stock repurchases.
Lindsay's management believes that the global long-term market drivers of population growth, water resource use/savings and environmental responsibility, remain strong for the Company. The Company's long-term financial goals include generating revenue growth of 10% to 15%, attaining operating margins between 9% and 14%, and producing return on net assets between 9% and 15%. |
