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Life Storage Inc - LSI STOCK NEWS

Welcome to our dedicated news page for Life Storage (Ticker: LSI), a resource for investors and traders seeking the latest updates and insights on Life Storage.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Life Storage's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Life Storage's position in the market.

News
LSI Industries Reports Fiscal 2024 Third Quarter Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
LSI Industries Inc. (Nasdaq: LYTS) reported strong fiscal 2024 third-quarter results with net sales of $108.2 million, net income of $5.4 million, and adjusted EBITDA of $11.2 million. The company declared a quarterly cash dividend and announced the acquisition of EMI Industries for $50 million, aiming to enhance its commercial lighting and display solutions business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends earnings
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News
LSI Industries Acquires EMI Industries, Expanding Store Fixtures and Food Service Equipment Business
Rhea-AI Summary
LSI Industries Inc. (NASDAQ: LYTS) announced the acquisition of EMI Industries for $50 million, expanding its display solutions capabilities within the grocery, convenience store, and restaurant markets. EMI is a Florida-based metal and millwork manufacturer known for customized fixtures, displays, and food equipment. The acquisition aligns with LSI's Fast Forward strategy to drive net sales growth by more than 60% between fiscal year 2023 and fiscal year 2028, with acquisition-related contributions. Financially, EMI reported total revenue and adjusted EBITDA of $87.0 million and $5.5 million, respectively, in 2023. The transaction is immediately accretive to LSI on an adjusted earnings per share basis. LSI funded the acquisition using cash and availability under its existing credit facility, aiming to reduce net leverage in the next 24 months. The deal expands LSI's market presence, provides operational synergies, and enhances its value proposition with customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
Tags
acquisition
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News
LSI Industries Announces Fiscal 2024 Third Quarter Results Conference Call Date
Rhea-AI Summary
LSI Industries, Inc. (LYTS) will release fiscal 2024 third-quarter results on April 25, 2024. A conference call will follow to discuss financial results and recent events. Webcast and teleconference details are available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
earnings
News
LSI Industries Reports Fiscal 2024 Second Quarter Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
LSI Industries Inc. reported solid financial results for the fiscal 2024 second quarter, with net sales of $109.0 million, net income of $5.9 million, and adjusted EBITDA of $11.1 million. The company increased market share across high-value vertical markets and reduced its ratio of net debt to trailing twelve-month Adjusted EBITDA to 0.4x from 1.3x. LSI declared a regular cash dividend of $0.05 per share and remains well-positioned to capitalize on an expected acceleration in project activity as market conditions normalize.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
Tags
dividends earnings
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News
LSI Industries Announces Fiscal 2024 Second Quarter Results Conference Call Date
Rhea-AI Summary
LSI Industries, Inc. (Nasdaq: LYTS) will issue fiscal 2024 second quarter results on January 25, 2024. The conference call to review financial results and recent events will be held at 11:00 a.m. ET. Webcast and teleconference details are available on the Investor Relations section of LSI Industries’ website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
earnings
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News
LSI Industries Reports Fiscal 2024 First Quarter Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
LSI Industries Inc. reports financial results for Q1 FY2024. Net income increased by 28% YoY to $8.0 million. Adjusted net income increased by 23% YoY to $8.7 million. Net sales were $123.4 million, with lighting sales steady compared to the previous year. EBITDA was $13.4 million, and adjusted EBITDA was $15.1 million or 12.2% of sales. Free cash flow was $9.2 million. Net debt to TTM adjusted EBITDA ratio improved to 0.5x as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.7%
Tags
dividends earnings
News
LSI Industries Announces Fiscal 2024 First Quarter Results Conference Call Date
Rhea-AI Summary
LSI Industries to release fiscal 2024 first quarter results on November 2, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.4%
Tags
earnings
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News
LSI Industries Reports Fiscal 2023 Fourth Quarter and Full-Year Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
LSI Industries reports strong financial results for fiscal 2023 Q4 and full year
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.67%
Tags
dividends earnings
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News
LSI Industries Announces Fiscal 2023 Fourth Quarter and Full-year Results Conference Call Date
Rhea-AI Summary
LYTS: LSI Industries, Inc. to Release Fiscal Fourth Quarter and Full-Year 2023 Results on August 17, 2023. The leading U.S. based manufacturer of commercial lighting and display solutions will hold a conference call at 11:00 a.m. ET to review financial results, recent events, and conduct a Q&A session. Webcast and presentation materials will be available on the company's website. Details for participation and replay are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
earnings
News
Extra Space and Life Storage Stockholders Approve Merger
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
Tags
acquisition
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Life Storage Inc

Nasdaq:LSI

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LSI Stock Data

11.54B
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Williamsville

About LSI

with indoor and drive-up self storage facilities located across the united states, life storage helps simplify storage solutions for both home and business. we're not your average storage facility; we provide storage units that are clean, convenient, climate controlled, secure and affordable. our employees treat every customer (both external and internal) with respect while providing the best customer service in the industry. we're not just self storage, we're life storage.