Profile: Lindsay Corp (LNN)
23 Aug 2019
Lindsay Corporation, incorporated on January 7, 1974, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry. The Infrastructure Segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, large diameter steel tubing, and railroad signals and structures.
The Company manufactures and markets its center pivot, lateral move irrigation systems, and irrigation controls in the United States and internationally under its Zimmatic brand. The Company also manufactures and markets hose reel travelers under the Perrot and Greenfield brands in Europe and South Africa. The Company also 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 designs and manufactures machine-to-machine (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 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. The Company also markets remote monitoring and automation technology for pivot and drip irrigation systems that is sold on a subscription basis under the FieldNET product name. As of August 31, 2016, in the United States, the Company sells its irrigation systems, including Zimmatic, to over 200 independent dealers, who resell to their customer, the farmer. The Company sells direct to consumers, as well as through an international dealer network, and has production and sales operations in Brazil, France, China, Turkey and South Africa, as well as distribution and sales operations in the Netherlands, Australia and New Zealand, serving the South American, European, Chinese, African, Russian, Ukrainian, the Middle East, Australian and New Zealand markets. The Company also exports irrigation equipment from the United States to international markets.
As of August 31, 2016, the Company's Quickchange Moveable Barrier system, commonly known as the Road Zipper System, is consists of three parts: T-shaped concrete barriers and steel barriers that are connected to form a continuous wall, a Barrier Transfer Machine (BTM) capable of moving the barrier laterally across the pavement, and the variable length barriers necessary for accommodating curves. The Company offers a range of equipment lease options for Road Zipper Systems and BTM equipment used in construction applications. The Company offers a line of redirective and non-redirective crash cushions, which are used to manage highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles and other fixed roadway hazards. The Company's primary crash cushion products cover a range of lengths, widths, speed capacities and application accessories, and include brand names, such as TAU, Universal TAU-II, TAU-II-R, TAU-B_NR, ABSORB 350 and Walt. In addition to these products, the Company also offers guardrail end terminal products, such as the X-Tension and X-Lite systems.
The Company offers specialty barrier products, such as the SAB, ArmorGuard, PaveGuard, and DR46 portable barrier and/or barrier gate systems. The DR46 is an energy-absorbing barrier that can help protect motorcyclists from impacting guardrail posts, which is an area of focus by departments of transportation and government regulators for managing the amount and severity of injuries. The Company also offers preformed tape and a line of road safety accessory products. The preformed tape is used primarily in temporary applications, such as markings for work zones, street crossings, and road center lines or boundaries. The road safety equipment consists of plastic and rubber products used for delineation, slowing traffic and signaling. The Company's Diversified Manufacturing, Rail and Tubing business unit manufactures and markets railroad signals and structures, and large diameter steel tubing, and provides outsourced manufacturing and production services for other companies. The Company's primary infrastructure market includes moveable concrete barriers, delineation systems, crash cushions and similar protective equipment.
18135 Burke Street, Suite 100
OMAHA NE 68022