Private company

Lincolnway Energy, LLC

American industrial organic chemicals company based in Nevada2

In its 2021 annual report the company says: “Lincolnway Energy, LLC is an Iowa limited liability company that operates a dry mill ethanol plant located in Nevada, Iowa.”50

Last updated Oct 20, 2026.

Overview

$172.0MRevenue, fiscal 20213
$6.6MNet income, fiscal 20213
  • IndustryIndustrial Organic Chemicals2
  • HeadquartersNevada, United States2
  • Incorporated inIA4
  • Business address59511 W. Lincoln Highway, Nevada, Ia 502014
  • Filer categoryNon-accelerated filer4
  • Legal formLimited Liability Company2
  • LEI5493001UYHG3UMYXNS322
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O WADE H SCHUT, 50309 Des Moines, United States2
  • Registered withBusiness Services Division (Secretary of State), 2948122

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

5.5%Gross margin3
3.8%Operating margin3
3.9%Net margin3
63.6%Revenue growth, 20213
17.0%Return on equity3
0.38×Debt to equity3
$6.7MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue95¢$162.6M
  • Other costs2¢$2.7M
  • Profit4¢$6.6M

Out of $172.0M in revenue.3

Where each dollar of operating cash went, fiscal 2021

  • Capital spending29¢$2.8M
  • Kept or used elsewhere71¢$6.7M

Out of $9.4M of cash from operations.3

Financial statements

Revenue56783$172.0M in 2021+48% since 2015
0$50.0M$100.0M$150.0M$200.0M2015: $115.9M$115.9M20152016: $101.1M$101.1M2016−13%2017: $110.8M$110.8M2017+10%2018: $102.1M$102.1M2018−8%2019: $97.4M$97.4M2019−5%2020: $105.2M$105.2M2020+8%2021: $172.0M$172.0M2021+64%
Gross profit56783$9.4M in 2021+67% since 2015
-$10.0M-$5.0M0$5.0M$10.0M2015: $5.6M$5.6M20152016: $1.8M$1.8M2016−68%2017: $7.7M$7.7M2017+327%2018: -$282.9K-$282.9K20182019: -$7.7M-$7.7M2019+2618%2020: $4.1M$4.1M20202021: $9.4M$9.4M2021+130%
Operating income56783$6.5M in 2021+143% since 2015
-$20.0M-$10.0M0$10.0M2015: $2.7M$2.7M20152016: -$1.6M-$1.6M20162017: $4.6M$4.6M20172018: -$3.5M-$3.5M20182019: -$15.6M-$15.6M2019+342%2020: $751.2K$751.2K20202021: $6.5M$6.5M2021+763%
Net income56783$6.6M in 2021+151% since 2015
-$15.0M-$10.0M-$5.0M0$5.0M$10.0M2015: $2.7M$2.7M20152016: -$1.6M-$1.6M20162017: $4.5M$4.5M20172018: -$2.9M-$2.9M20182019: -$13.2M-$13.2M2019+350%2020: $320.0K$320.0K20202021: $6.6M$6.6M2021+1978%
Fiscal year20142015201620172018201920202021
Revenue$115.9M5$101.1M6$110.8M7$102.1M8$97.4M3$105.2M3$172.0M3
Cost of revenue$110.3M5$99.3M6$103.2M7$102.3M8$105.1M3$101.1M3$162.6M3
Gross profit$5.6M5$1.8M6$7.7M7-$282.9K8-$7.7M3$4.1M3$9.4M3
Operating income$2.7M5-$1.6M6$4.6M7-$3.5M8-$15.6M3$751.2K3$6.5M3
Net income$2.7M5-$1.6M6$4.5M7-$2.9M8-$13.2M3$320.0K3$6.6M3
Earnings per share$63.065-$39.016$107.117-$70.098-$315.083$4.573$63.253

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What it owns

What Lincolnway Energy, LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$7.2M3 Sep 30, 2021$7.2M3 Sep 30, 20200%
Buildings and improvements$7.6M3 Sep 30, 2021$7.6M3 Sep 30, 20200%
Machinery and equipment$87.3M3 Sep 30, 2021$86.3M3 Sep 30, 2020+1.2%
Furniture and fixtures$380.6K3 Sep 30, 2021$441.3K3 Sep 30, 2020−13.8%
Construction in progress$8.4M3 Sep 30, 2021$6.8M3 Sep 30, 2020+23.7%
Property and equipment, before depreciation$110.8M3 Sep 30, 2021$108.2M3 Sep 30, 2020+2.4%
Accumulated depreciation$74.9M3 Sep 30, 2021$70.4M3 Sep 30, 2020+6.4%
Property and equipment, net$36.0M3 Sep 30, 2021$37.9M3 Sep 30, 2020−5.0%
Operating-lease assets (leased space)$6.4M3 Sep 30, 2021$7.2M3 Sep 30, 2020−11.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$12.2M3 Sep 30, 2021$7.2M3 Sep 30, 2020+69.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$8.9M3 Sep 30, 2021$7.2M3 Sep 30, 2020+22.3%
Raw materials$5.5M3 Sep 30, 2021$5.3M3 Sep 30, 2020+3.7%
Work in process$1.5M3 Sep 30, 2021$653.7K3 Sep 30, 2020+125.8%
Finished goods$1.9M3 Sep 30, 2021$1.3M3 Sep 30, 2020+46.2%

Leadership

Who has led Lincolnway Energy, LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Eric Hakmiller2013–2017
  2. Michael A. Hollenberg2019
  3. Seth Harder2020

Chair

  1. Richard John Brehm2006
  2. Jeff William Taylor2011–2021

President

  1. William David Couser2006–2007
  2. Michael A. Hollenberg2019
  3. Seth Harder2020

Chief financial officer

  1. Kim Marie Supercynski2006–2008
  2. Jeff Kistner2019–2020
2010201520202025
Board members and other officers (28)

Timeline

  1. Jun 21, 20228-K Shareholder vote46
  2. Dec 30, 20218-K Entered a material agreement; Other events47
  3. Dec 16, 20218-K Results of operations48
  4. Nov 3, 20218-K Other events49
  5. Jan 27, 2020New chief executive Seth Harder becomes CEO15
  6. Mar 13, 2019New chief executive Michael A. Hollenberg becomes CEO16
  7. Apr 17, 2013New chief executive Eric Hakmiller becomes CEO17

Calendar

When it reported results

  1. Dec 16, 2021Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

25 filings to the SEC since October 2021: 2 annual reports, 3 quarterly reports, 4 major events, 16 other. The latest 20:

  1. Jun 21, 202215-12G EDGAR
  2. Jun 21, 2022SC 13E3/A EDGAR
  3. Jun 21, 20228-K EDGAR
  4. May 19, 202210-Q EDGAR
  5. May 16, 2022NT 10-Q EDGAR
  6. May 5, 2022SC 13E3/A EDGAR
  7. May 5, 2022SC 13E3/A EDGAR
  8. May 4, 2022DEF 14A EDGAR
  9. Apr 20, 2022CORRESP EDGAR
  10. Apr 20, 2022SC 13E3/A EDGAR
  11. Apr 20, 2022PRER14A EDGAR
  12. Mar 29, 2022CORRESP EDGAR
  13. Mar 29, 2022SC 13E3/A EDGAR
  14. Mar 29, 2022PRER14A EDGAR
  15. Mar 29, 202210-Q/A EDGAR
  16. Mar 9, 2022UPLOAD EDGAR
  17. Feb 25, 2022SC 13E3 EDGAR
  18. Feb 25, 2022PRE 14A EDGAR
  19. Feb 18, 202210-Q EDGAR
  20. Feb 14, 2022NT 10-Q EDGAR

The 25 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Lincolnway Energy, LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLincolnway Energy, LLC1
  • CIK0001350420
  • Employer ID (EIN)20-11181051
  • Filer statusNon-accelerated filer1
  • Incorporated inIowa1
  • Fiscal year endsSeptember 301
  • Industry code (SIC)2860 Industrial Organic Chemicals1
  • Business address59511 W. Lincoln Highway, Nevada, IA 502011
  • Phone515-817-01531
  • Shares outstanding105,122 as of Mar 31, 202210
  • Public float$14.8M as of Sep 30, 202114
  • On EDGAR sinceJan 27, 20061
  • Filings393 in all: 8-K (141), 10-Q (50), 4 (49), 3 (37), DEF 14A (23), 10-K (16), DEFA14A (15), PRE 14A (9)1
    All 26 form types

    ARS (8), CT ORDER (7), 10-K/A (6), SC 13E3/A (5), UPLOAD (5), CORRESP (4), NT 10-Q (4), 10-Q/A (2), PRER14A (2), SEC STAFF LETTER (2), 10-12G (1), 15-12G (1), 3/A (1), 4/A (1), 8-K/A (1), D (1), DEFA14C (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Dec 22, 2021
    Quarterly report (10-Q) May 19, 2022
    Proxy statement (DEF 14A) May 4, 2022
    Latest 8-K (8-K) Jun 21, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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