-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LS6MRknIulKKaZKYlNGHHdZE9sOSR5YmDLH0Z0m2tH16AVFZYIEcT6UNArHaNCnT
 BroIlj5NDP7mJoIhLnwPVg==

<SEC-DOCUMENT>0000950137-05-007863.txt : 20050624
<SEC-HEADER>0000950137-05-007863.hdr.sgml : 20050624
<ACCEPTANCE-DATETIME>20050624154302
ACCESSION NUMBER:		0000950137-05-007863
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050622
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050624
DATE AS OF CHANGE:		20050624

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LINDSAY MANUFACTURING CO
		CENTRAL INDEX KEY:			0000836157
		STANDARD INDUSTRIAL CLASSIFICATION:	FARM MACHINERY & EQUIPMENT [3523]
		IRS NUMBER:				470554096
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13419
		FILM NUMBER:		05915086

	BUSINESS ADDRESS:	
		STREET 1:		2707 NORTH 108TH STREET STE 102
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68644
		BUSINESS PHONE:		4024282131

	MAIL ADDRESS:	
		STREET 1:		2707 NORTH 108TH STREET STE 102
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68644
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c96237e8vk.txt
<DESCRIPTION>CURRENT REPORT
<TEXT>
<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):
                                  June 22, 2005


                            LINDSAY MANUFACTURING CO.
                    ----------------------------------------
             (Exact name of registrant as specified in its charter)


        Delaware                   1-13419                   47-0554096
- ---------------------------    ----------------     ----------------------------
 (State of Incorporation)      (Commission File     (IRS Employer Identification
                                    Number)                    Number)


                     2707 North 108th Street
                          Suite 102
                       Omaha, Nebraska                      68164
          ----------------------------------------      ------------
          (Address of principal executive offices)       (Zip Code)


                                 (402) 428-2131
                 ---------------------------------------------
              (Registrant's telephone number, including area code)


                                 Not applicable
            --------------------------------------------------------
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))


<PAGE>

ITEM 2.02   RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

         On June 22, 2005, Lindsay Manufacturing Co. (the "Company") issued a
press release announcing the Company's results of operations for the 2005 fiscal
quarter ended May 31, 2005. A copy of the press release is furnished herewith as
Exhibit 99.1.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS

         99.1     Press Release, dated June 22, 2005, issued by the Company

         The information contained in this Current Report under Item 2.02,
including the exhibit referenced in Item 9.01 below, is being "furnished"
pursuant to "Item 2.02. Results of Operations and Financial Condition" of Form
8-K and, as such, shall not be deemed to be "filed" for purposes of Section 18
of the Securities and Exchange Act of 1934, as amended, or otherwise subject to
the liabilities of that Section. The information in Item 2.02 of this Current
Report shall not be incorporated by reference into any registration statement or
other document pursuant to the Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such filing.




                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

Dated:  June  24, 2005                  LINDSAY MANUFACTURING CO.


                                        By: /s/ David Downing
                                           ----------------------------------
                                            David Downing, Vice President and
                                              Chief Financial Officer


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c96237exv99w1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>
                                                                               .
                                                                               .
                                                                               .

                                  EXHIBIT 99.1

<Table>
<Caption>
<S>                             <C>                   <C>                    <C>                  <C>
AT THE COMPANY:                                        AT FINANCIAL RELATIONS BOARD:
Bruce C. Karsk                  David Downing          Marilyn Windsor       Diane Hettwer        Tim Grace
EVP, Treasurer and Secretary    VP and CFO             General Inquiries     Analyst Inquiries    Media Inquiries
402-829-6803                    402-827-6235           702-515-1260          312-640-6760         312-640-6667
</Table>
DRAFT
WEDNESDAY, JUNE 22, 2005

 LINDSAY MANUFACTURING CO. REPORTS FISCAL 2005 THIRD-QUARTER, NINE-MONTH RESULTS

OMAHA, NEB., JUNE 22, 2005--LINDSAY MANUFACTURING CO. (NYSE: LNN), a leading
manufacturer of center pivot, lateral move, and hose reel irrigation systems,
today announced results for its fiscal third quarter and nine months ended May
31, 2005.

THIRD-QUARTER RESULTS
Third-quarter fiscal 2005 total revenues were $56.0 million, a 10 percent
decline from $62.3 million for the year-ago period. Net earnings were $4.0
million, or $0.34 per diluted share, versus $4.3 million, or $0.36 per diluted
share, in the prior year's third quarter.

Total irrigation equipment revenues declined 15 percent to $50.0 million from
$58.7 million in the prior fiscal year's third quarter, as lower worldwide
agricultural commodity prices reduced demand for irrigation equipment globally.
Domestic irrigation revenues declined 22 percent, while international irrigation
revenues increased 4 percent from the prior-year's quarter due to revenues from
Stettyn, Lindsay's South African subsidiary that was acquired in the last
quarter of fiscal 2004, and growth in export sales. Diversified products
delivered a very strong performance with revenues of $6.0 million compared with
$3.5 million in the year-ago period, an increase of 70 percent.

Rick Parod, president and chief executive officer, commented, "Demand for
irrigation equipment worldwide continues to reflect the combination of higher
costs for energy, fertilizer, and other agricultural inputs, as well as lower
crop prices, which have caused farmers to continue to defer their irrigation
equipment purchases. On the other hand, our diversified products business again
delivered strong revenue gains, reflecting our strategic decision to invest
additional resources into this business."

Gross margin improved to 22.4 percent from 20.9 percent a year ago, primarily on
pricing that fully reflected the steel cost increases of fiscal 2004. Operating
income was $5.7 million versus $6.1 million in the comparable fiscal 2004
quarter, and operating expenses were flat at $6.8 million, as savings due to
cost-reduction actions and lower insurance costs were offset by higher
Sarbanes-Oxley compliance expenses. Net earnings were $4.0 million, or $0.34 per
diluted share, compared with $4.3 million, or $0.36 per diluted share, in the
third quarter of fiscal 2004.

Lindsay's order backlog at May 31, 2005, was $11.1 million compared with $15.3
million at February 28, 2005, and $20.2 million at May 31, 2004.

NINE-MONTH RESULTS
Total revenues for the nine months were $137.2 million, a 9 percent decrease
from $150.3 million for the prior year's nine-month period. Total irrigation
equipment revenues of $121.5


<PAGE>

million declined 14 percent from a year ago, while diversified products revenues
grew 78 percent, rising to $15.7 million. Net earnings were $4.8 million, or
$0.40 per diluted share, compared with $8.9 million, or $0.75 per diluted share,
for the first nine months of fiscal 2004.

Cash from operations for the nine months was $8.8 million, an increase of $9.5
million from the year-ago period. In the third quarter, Lindsay repurchased
approximately 186,000 shares of common stock at an average price of $18.69 per
share, for an aggregate cost of approximately $3.5 million. During fiscal 2005,
the company has used $6.6 million of internally generated cash to repurchase
approximately 324,000 shares. At May 31, 2005, the remaining amount authorized
under the company's current share repurchase program was approximately 881,000
shares.

Cash and marketable securities at May 31, 2005 were $53.7 million compared with
$57.2 million at May 31, 2004. Shareholders' equity at May 31, 2005, was $110.0
million, or $9.55 per outstanding common share, compared with $111.8 million, or
$9.50 per outstanding common share, at May 31, 2004.

OUTLOOK
Parod stated, "The softness in demand in the worldwide agricultural irrigation
market continues to adversely affect short-term demand and will impact our
performance in the fourth fiscal quarter. However, we have taken action to
prudently reduce costs and improve capacity utilization while maintaining our
strong competitive position. The long-term drivers of our business remain
robust. Water continues to become more valuable and farmers are seeking ways to
reduce costs and increase productivity."

He added, "We will continue to leverage our strong cash flow and financial
flexibility to create shareholder value by seeking a balance of organic growth
opportunities, accretive acquisitions, share repurchases, and dividend payments.
Through these initiatives, we will continue to pursue our previously stated
long-term goals of sustainable growth in revenues, gross margins, operating
margins, and return on beginning equity."

THIRD-QUARTER CONFERENCE CALL
Lindsay's third-quarter fiscal 2005 investor conference call is scheduled for 11
a.m. ET today. This call will be simulcast and available over the Internet via
the web site www.vcall.com. The webcast will be available for replay for a
period of 30 days. Lindsay will have a slide presentation available to augment
management's formal presentation, which will be accessible via the company's
website at www.lindsaymanufacturing.com.

ABOUT THE COMPANY
Lindsay manufactures and markets Zimmatic, Greenfield, Stettyn and Perrot center
pivot, lateral move and hose reel irrigation systems and GrowSmart controls, all
of which are used by farmers to increase or stabilize crop production while
conserving water, energy, and labor. The company also produces large diameter
steel tubing and provides outsourced manufacturing and production services for
other companies. At May 31, 2005, Lindsay had approximately 11.5 million shares
outstanding, which are traded on the New York Stock Exchange under the symbol
LNN.

CONCERNING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements that are subject to risks and
uncertainties and which reflect management's current beliefs and estimates of
future economic circumstances, industry conditions, Company performance and
financial results. Forward-looking statements include the information concerning
possible or assumed future results of operations of the Company and those
statements preceded by, followed by or including the words "expectation,"
"outlook," "could," "may," "should," or similar expressions. For these
statements, we claim the


<PAGE>


protection of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995.

            FOR MORE INFORMATION REGARDING LINDSAY MANUFACTURING CO.,
              SEE LINDSAY'S WEBSITE AT www.lindsaymanufacturing.com

                           - FINANCIAL TABLES FOLLOW -


<PAGE>
                   LINDSAY MANUFACTURING CO. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
        FOR THE THREE MONTHS AND NINE MONTHS ENDED MAY 31, 2005 AND 2004
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                         THREE MONTHS ENDED          NINE MONTHS ENDED
                                                       ----------------------      ---------------------

                                                         MAY           MAY           MAY          MAY
                                                         2005          2004          2005         2004
                                                         ----          ----          ----         ----
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
- ----------------------------------------
<S>                                                    <C>           <C>           <C>          <C>
Operating revenues ...............................     $ 55,985      $ 62,286      $137,239     $150,274
Cost of operating revenues .......................       43,433        49,299       110,348      118,323
                                                       --------      --------      --------     --------
Gross profit .....................................       12,552        12,987        26,891       31,951
                                                       --------      --------      --------     --------

Operating expenses:
  Selling expense ................................        2,692         2,830         8,438        8,588
  General and administrative expense .............        3,421         3,255        10,415        9,527
  Engineering and research expense ...............          714           762         2,070        2,198
                                                       --------      --------      --------     --------
Total operating expenses .........................        6,827         6,847        20,923       20,313
                                                       --------      --------      --------     --------

Operating income .................................        5,725         6,140         5,968       11,638

Interest income, net .............................          264           341           820        1,126
Other income, net ................................         (162)          (53)          290          437
                                                       --------      --------      --------     --------

Earnings before income taxes .....................        5,827         6,428         7,078       13,201

Income tax provision .............................        1,828         2,083         2,304        4,260
                                                       --------      --------      --------     --------

Net earnings .....................................     $  3,999      $  4,345      $  4,774     $  8,941
                                                       ========      ========      ========     ========


Basic net earnings per share .....................     $   0.34      $   0.37      $   0.41     $   0.76
                                                       ========      ========      ========     ========

Diluted net earnings per share ...................     $   0.34      $   0.36      $   0.40     $   0.75
                                                       ========      ========      ========     ========


Average shares outstanding .......................       11,596        11,760        11,693       11,752
Diluted effect of stock options ..................           83           187           155          207
                                                       --------      --------      --------     --------
Average shares outstanding assuming dilution .....       11,679        11,947        11,848       11,959
                                                       ========      ========      ========     ========

Cash dividends per share .........................     $  0.055      $  0.050      $  0.165     $  0.150
                                                       ========      ========      ========     ========
</TABLE>

<PAGE>

                   LINDSAY MANUFACTURING CO. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                    MAY 31, 2005 AND 2004 AND AUGUST 31, 2004

<TABLE>
<CAPTION>
                                                                   (UNAUDITED)    (UNAUDITED)
                                                                       MAY            MAY           AUGUST
                                                                       2005           2004           2004
                                                                       ----           ----           ----

($ IN THOUSANDS, EXCEPT PAR VALUES)
<S>                                                                <C>            <C>            <C>
ASSETS
Current Assets:
  Cash and cash equivalents ...................................     $  19,755      $  12,055      $   8,973
  Marketable securities .......................................        11,759         12,692         14,802
  Receivables .................................................        32,392         36,427         34,369
  Inventories .................................................        22,684         22,700         19,780
  Deferred income taxes .......................................         1,579          2,539          1,026
  Other current assets ........................................         3,426          2,142          2,422
                                                                    ---------      ---------      ---------
  Total current assets ........................................        91,595         88,555         81,372

Long-term marketable securities ...............................        22,154         32,462         32,527
Property, plant and equipment, net ............................        16,732         14,992         16,355
Other noncurrent assets .......................................         8,654          8,394          8,747
                                                                    ---------      ---------      ---------
Total assets ..................................................     $ 139,135      $ 144,403      $ 139,001
                                                                    =========      =========      =========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
  Accounts payable ............................................     $  10,398      $   9,879      $   9,117
  Other current liabilities ...................................        13,899         20,261         15,359
                                                                    ---------      ---------      ---------
  Total current liabilities ...................................        24,297         30,140         24,476

Pension benefits liabilities ..................................         4,733          2,315          2,169
Noncurrent liabilities ........................................           155            179            172
                                                                    ---------      ---------      ---------
Total liabilities .............................................        29,185         32,634         26,817
                                                                    ---------      ---------      ---------

Shareholders' equity:
    Preferred stock, ($1 par value, 2,000,000 shares
      authorized, no shares issued and outstanding) ...........             -              -              -
    Common stock, ($1 par value, 25,000,000 shares
     authorized, 17,565,184, 17,485,679 and 17,493,841
     shares issued in May 2005 and 2004
     and August 2004, respectively) ...........................        17,565         17,486         17,494
    Capital in excess of stated value .........................         3,500          2,677          2,966
    Retained earnings .........................................       184,064        181,511        181,209
    Less treasury stock, (at cost, 6,048,448, 5,724,069 and
      5,724,069 shares, respectively) .........................       (96,547)       (89,898)       (89,898)
    Accumulated other comprehensive income (loss), net ........         1,368             (7)           413
                                                                    ---------      ---------      ---------
Total shareholders' equity ....................................       109,950        111,769        112,184
                                                                    ---------      ---------      ---------
Total liabilities and shareholders' equity ....................     $ 139,135      $ 144,403      $ 139,001
                                                                    =========      =========      =========
</TABLE>

<PAGE>

                   LINDSAY MANUFACTURING CO. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE NINE MONTHS ENDED MAY 31, 2005 AND 2004
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                             MAY           MAY
($ IN THOUSANDS)                                                             2005          2004
- ----------------                                                             ----          ----
<S>                                                                        <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net earnings ......................................................     $  4,774      $  8,941
   Adjustments to reconcile net earnings to net cash provided by
        operating activities:
      Depreciation and amortization ..................................        2,639         2,242
      Amortization of marketable securities premiums, net ............          176           109
      Loss (gain) on sale of property, plant and equipment ...........           21           (30)
      Provision for uncollectible accounts receivable ................           72           178
      Equity in net (earnings) loss of equity method investments .....         (201)          235
      Deferred income taxes ..........................................          (53)         (134)
      Other, net .....................................................           28           (56)
   Changes in assets and liabilities:
      Receivables ....................................................        2,664       (13,432)
      Inventories ....................................................       (2,454)       (2,522)
      Other current assets ...........................................         (438)       (1,335)
      Accounts payable ...............................................          803         1,694
      Other current liabilities ......................................       (3,266)        3,379
      Current taxes payable ..........................................        1,370           661
      Other noncurrent assets and liabilities ........................        2,640          (630)
                                                                           --------      --------
   Net cash provided by (used in) operating activities ...............        8,775          (700)
                                                                           --------      --------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchases of property, plant and equipment ........................       (2,903)       (3,308)
   Proceeds from sale of property, plant and equipment ...............           24            90
   Purchases of marketable securities held-to-maturity ...............            -        (2,982)
   Proceeds from maturities or sales of marketable securities
      held-to-maturity ...............................................            -         6,676
   Purchases of marketable securities available-for-sale .............       (1,841)       (7,371)
   Proceeds from maturities or sales of marketable securities
     available-for-sale ..............................................       14,500         5,861
                                                                           --------      --------
   Net cash provided by (used in) investing activities ...............        9,780        (1,034)
                                                                           --------      --------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Proceeds from issuance of common stock option plan ................          561           225
   Repurchases of common shares ......................................       (6,649)            -
   Dividends paid ....................................................       (1,919)       (1,763)
                                                                           --------      --------
   Net cash used in financing activities .............................       (8,007)       (1,538)
                                                                           --------      --------

                                                                           --------      --------
   Effect of exchange rate changes on cash ...........................          234           (41)
                                                                           --------      --------
   Net increase (decrease) in cash and cash equivalents ..............       10,782        (3,313)
   Cash and cash equivalents, beginning of period ....................        8,973        15,368
                                                                           --------      --------
   Cash and cash equivalents, end of period ..........................     $ 19,755      $ 12,055
                                                                           ========      ========
</TABLE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
