| Business Summary | | Lindsay
Manufacturing
Co.
is
a
designer,
manufacturer
and
international
and
domestic
marketer,
under
its
Zimmatic
name,
of
electrically
powered
center
pivot
and
lateral
move
irrigation
systems
for
use
to
irrigate
agricultural
crops.
Since
August
2000,
the
Company
has
also
manufactured
and
marketed
a
separate
line
of
center
pivot
and
lateral
move
irrigation
equipment
for
use
on
small
fields
(one
to
60
acres)
under
its
Greenfield
name.
The
Company
manufactures
and
markets
repair
and
replacement
parts
for
both
the
Zimmatic
and
Greenfield
systems.
Additionally,
Lindsay
also
produces
and
sells
large-diameter,
thinwall
steel
tubing
and
manufactures
and
assembles
products
for
other
manufacturers
(such
as
corn
planters
and
sub-assemblies
for
construction
equipment). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lindsay
Manufacturing
manufactures
and
distributes
irrigation
systems
and
manufactures
other
special
metal
products
serving
both
domestic
and
international
markets.
For
the
nine
months
ended
5/31/01,
revenues
fell
5%
to
$101.3
million.
Net
income
fell
38%
to
$7.2
million.
Revenues
reflect
weaker
demand
for
irrigation
equipment
due
to
higher
energy
costs.
Earnings
reflect
investments
in
several
strategic
initiatives
and
an
$899
thousand
charge
for
restructuring. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Croghan, 70 Chairman | -- | -- | Richard Parod, 47 Pres,
CEO, Director | $268K | -- | Bruce Karsk, 48 Exec.
VP, Director | 264K | $980K | Clifford Loseke, 62 VP-Operations | 175K | 258K | Dirk Lenie, 46 VP
of Marketing | -- | -- | Dollar
amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|