Lindsay Corporation Explained

Lindsay Corporation
Traded As:
S&P 600 Component
Foundation:1955
Founder:Paul Zimmerer and Sons
Location City:Omaha, Nebraska
Location Country:United States
Key People:Michael N. Christodolou
Chairman
Randy Wood
Industry:Manufacturing, Agriculture
Products:Center Pivot Irrigation, Tubing, Railroad Signal Infrastructure, Moveable Barrier Systems, Crash Cushions
Services:Contract Manufacturing
Revenue:$478,900,000[1] (2011)
Operating Income:$56,600,000[2] (2011)
Net Income:$36,800,000[3] (2011)
Assets:$381,144,000[4] (2011)
Divisions:Irrigation, Infrastructure
Subsid:Barrier Systems Inc., Snoline, Watertronics
Homepage:Lindsay Corporation

Lindsay Corporation, formerly known as Lindsay Manufacturing Co., is a manufacturer of Zimmatic brand center pivot irrigation systems, based in the U.S. state of Nebraska. It also manufactures farm and construction machinery, as well as road and railroad infrastructure equipment. At August 31, 2008, the company had 1,239 employees.[5]

History

The company was founded in 1955 in Lindsay, Nebraska. Corporate headquarters are in Omaha.

In 1992, Gary Parker of Lindsay Manufacturing Co. was named to the National Agri-Marketing Association Agribusiness Leader of the Year honor roll.[6] Parker had started working at Lindsay Manufacturing in 1971, and went on to become the president in 1984 and the CEO in 1989. He retired from the position of CEO in 2000 at the age of 54.[7]

On October 21, 1997, the company's shares began to be traded on the New York Stock Exchange.[8] [9] The company's shares form part of the Palisades Water Index's US Water Index.[10]

In 2002, Howard G. Buffett was elected chairman of Lindsay Manufacturing. He had been a director of the company since 1995.[11] Since January 21, 2003, the company's chairman has been Michael N. Christodolou.

In 2004, the company's African unit acquired Stettyn, a manufacturer of center pivots based in Bloemfontein, South Africa.[12]

In June 2006, Lindsay acquired Barrier Systems Inc.[13] which was founded in 1985 and developed the Quickchange Moveable Barrier (QMB) which helps control and manage traffic by adding lanes to a roadway during periods of heavy traffic and then removing the added lanes when the traffic influx is reversed.

On January 25, 2008, the outstanding shares of stock of Watertronics, Inc, based in Hartland, Wisconsin, were purchased by Lindsay. Watertronics is a leader in designing, manufacturing, and servicing water pumping stations and controls for the golf, landscape andmunicipal markets.[14]

On November 3, 2010, Lindsay acquired WMC Technology Limited.[15] The Colyton, New Zealand based company created the first commercially available variable-rate irrigation system in 2008, which uses solenoid valves to vary the amount of water applied under a center-pivot irrigator.

On April 27, 2017 Lindsay added FieldNET Advisor to its existing FieldNET platform, which uses a crop growth model to provide irrigation scheduling and recommendations to growers.[16]

External links

41.2797°N -96.0858°W

Notes and References

  1. Web site: Archived copy . 2011-12-13 . dead . https://web.archive.org/web/20120427155253/http://www.b2i.us/profiles/investor/NewsPDF.asp?b=1278&ID=47986&m=rl . 2012-04-27 .
  2. Web site: PDF. 2011-12-13. 2012-04-27. https://web.archive.org/web/20120427155253/http://www.b2i.us/profiles/investor/NewsPDF.asp?b=1278&ID=47986&m=rl. live.
  3. Web site: Archived copy . 2011-12-13 . dead . https://web.archive.org/web/20120427155253/http://www.b2i.us/profiles/investor/NewsPDF.asp?b=1278&ID=47986&m=rl . 2012-04-27 .
  4. Web site: PDF. 2011-12-13. 2012-04-27. https://web.archive.org/web/20120427155253/http://www.b2i.us/profiles/investor/NewsPDF.asp?b=1278&ID=47986&m=rl. live.
  5. News: 2008 Annual Report. Lindsay Corporation.
  6. News: National Agri-Marketing Association Agribusiness Leader of the Year * honor roll. . May 1, 2003 . Agri Marketing . 13 January 2010 . 17 January 2010 . https://web.archive.org/web/20100117050954/http://www.accessmylibrary.com/coms2/summary_0286-3456387_ITM . live .
  7. News: Lindsay's Parker announces retirement. Michelle. Flyr. Columbus Telegram. December 2, 1999. December 10, 2015. March 23, 2022. https://web.archive.org/web/20220323103734/https://columbustelegram.com/lindsay-s-parker-announces-retirement/article_f73584b9-8664-51b2-bf2a-624a47f5063e.html. live.
  8. Web site: Lindsay Corporation . New York Stock Exchange . 13 January 2010 . dead . https://web.archive.org/web/20100115064514/http://www.nyse.com/about/listed/lnn.html . 15 January 2010 .
  9. News: Lindsay Manufacturing to Commence Trading on the New York Stock Exchange. October 20, 1997. Press Release. Lindsay Manufacturing Co.. 13 January 2010. 17 January 2010. https://web.archive.org/web/20100117050805/http://www.accessmylibrary.com/article-1G1-19902080/lindsay-manufacturing-commence-trading.html. live.
  10. Web site: Palisades Water Index - ZWI. NYSE Amex. 13 January 2010. 20 November 2009. https://web.archive.org/web/20091120075312/http://www.amex.com/othProd/prodInf/OpPiIndComp.jsp?Product_Symbol=ZWI. live.
  11. News: Lindsay Manufacturing Names Chairman. February 5, 2002. The Wall Street Journal. 13 January 2010. 10 March 2016. https://web.archive.org/web/20160310112618/http://www.wsj.com/articles/SB1012866003190535560. live.
  12. News: Lindsay Manufacturing Co.(global business notes)(Lindsay Manufacturing Africa (Pty) Ltd, has acquired Stettyn)(Brief Article). July 1, 2004. Diesel Progress North American Edition. 12 January 2010. 15 January 2010. https://web.archive.org/web/20100115180554/http://www.accessmylibrary.com/article-1G1-120034381/lindsay-manufacturing-co-global.html. live.
  13. Web site: Home - Lindsay Global Site | Lindsay. 2011-12-13. 2011-11-29. https://web.archive.org/web/20111129072003/http://www.lindsay.com/#/Divisions/Infrastructure/BarrierSystems. live.
  14. Web site: Archived copy . 2011-12-13 . dead . https://web.archive.org/web/20120423123952/http://www.lindsay.com/downloads/Watertronics.pdf . 2012-04-23 .
  15. Web site: Company Acquisition Announcement . 2018-01-10 . dead . https://web.archive.org/web/20110321015840/https://www.precisionirrigation.co.nz/en/pages/news . 2011-03-21 .
  16. Web site: Introducing FieldNET Advisor™ . 2018-01-11 .

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Lindsay Corporation".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.