$LNN
LINDSAY CORP

2024 Q2 Form 10-Q Financial Statement

#000095017024078449 Filed on June 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q2
Revenue $139.2M
YoY Change -15.41%
Cost Of Revenue $92.70M
YoY Change -16.73%
Gross Profit $46.50M
YoY Change -12.63%
Gross Profit Margin 33.4%
Selling, General & Admin $22.27M
YoY Change 2.45%
% of Gross Profit 47.9%
Research & Development $4.287M
YoY Change -5.2%
% of Gross Profit 9.22%
Depreciation & Amortization $5.273M
YoY Change 10.52%
% of Gross Profit 11.34%
Operating Expenses $26.56M
YoY Change 1.13%
Operating Profit $19.94M
YoY Change -26.05%
Interest Expense $767.0K
YoY Change -386.19%
% of Operating Profit 3.85%
Other Income/Expense, Net $237.0K
YoY Change -124.76%
Pretax Income $20.17M
YoY Change -21.6%
Income Tax -$200.0K
% Of Pretax Income -0.99%
Net Earnings $20.38M
YoY Change 20.72%
Net Earnings / Revenue 14.64%
Basic Earnings Per Share $1.85
Diluted Earnings Per Share $1.85
COMMON SHARES
Basic Shares Outstanding 11.04M
Diluted Shares Outstanding 11.03M

Balance Sheet

Concept 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $152.7M
YoY Change 5.77%
Cash & Equivalents $140.2M
Short-Term Investments $12.50M
Other Short-Term Assets $30.02M
YoY Change 21.81%
Inventory $171.5M
Prepaid Expenses
Receivables $138.1M
Other Receivables $0.00
Total Short-Term Assets $488.7M
YoY Change -0.52%
LONG-TERM ASSETS
Property, Plant & Equipment $111.6M
YoY Change -2.4%
Goodwill $84.10M
YoY Change 24.7%
Intangibles $25.64M
YoY Change 52.1%
Long-Term Investments
YoY Change
Other Assets $18.33M
YoY Change -45.59%
Total Long-Term Assets $269.4M
YoY Change 15.93%
TOTAL ASSETS
Total Short-Term Assets $488.7M
Total Long-Term Assets $269.4M
Total Assets $758.1M
YoY Change 4.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.06M
YoY Change -16.93%
Accrued Expenses $23.31M
YoY Change -9.72%
Deferred Revenue $22.52M
YoY Change 16.31%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $229.0K
YoY Change 1.78%
Total Short-Term Liabilities $123.7M
YoY Change -7.0%
LONG-TERM LIABILITIES
Long-Term Debt $115.0M
YoY Change -0.16%
Other Long-Term Liabilities $18.36M
YoY Change -51.52%
Total Long-Term Liabilities $133.4M
YoY Change -12.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $123.7M
Total Long-Term Liabilities $133.4M
Total Liabilities $278.1M
YoY Change -3.04%
SHAREHOLDERS EQUITY
Retained Earnings $678.3M
YoY Change 9.23%
Common Stock $121.9M
YoY Change 5.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $295.1M
YoY Change 6.46%
Treasury Stock Shares
Shareholders Equity $480.0M
YoY Change
Total Liabilities & Shareholders Equity $758.1M
YoY Change 4.77%

Cashflow Statement

Concept 2024 Q2
OPERATING ACTIVITIES
Net Income $20.38M
YoY Change 20.72%
Depreciation, Depletion And Amortization $5.273M
YoY Change 10.52%
Cash From Operating Activities $30.51M
YoY Change -40.5%
INVESTING ACTIVITIES
Capital Expenditures $4.754M
YoY Change -21.56%
Acquisitions
YoY Change
Other Investing Activities $3.195M
YoY Change -144.58%
Cash From Investing Activities -$1.559M
YoY Change -88.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.65M
YoY Change 486.53%
NET CHANGE
Cash From Operating Activities 30.51M
Cash From Investing Activities -1.559M
Cash From Financing Activities -21.65M
Net Change In Cash 7.306M
YoY Change -78.74%
FREE CASH FLOW
Cash From Operating Activities $30.51M
Capital Expenditures $4.754M
Free Cash Flow $25.76M
YoY Change -43.03%

Facts In Submission

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CY2024Q2 us-gaap Product Warranty Accrual
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CY2023Q2 us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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InterestIncomeExpenseNet
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CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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63865000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
75470000

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