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LSI Industries Inc. - LYTS STOCK NEWS

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

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 LSI Industries'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 LSI Industries'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
4.04%
Tags
dividends earnings
-
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 Inc. Reports Inducement Grants Under NASDAQ Listing Rules
Rhea-AI Summary
LSI Industries Inc. granted an inducement stock option to Michael Romano, Senior Vice President of Procurement and Logistics, under NASDAQ Listing Rule 5635(c)(4). The option allows him to purchase up to 10,000 shares of the Company's common stock at $14.17 per share, with full vesting on the third anniversary of the grant.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
none
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 Inc. Reports Inducement Grants Under NASDAQ Listing Rules
Rhea-AI Summary
LSI Industries Inc. (LYTS) announces an inducement grant to Kevin Kilkelly, President of Atlas Lighting Products, Inc. The grant includes an option to purchase 30,000 shares of common stock at $14.41 per share, vesting in full after three years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
none
-
News
JSI Store Fixtures Launches New Line of Environmentally Friendly Refrigerated Displays
Rhea-AI Summary
JSI Store Fixtures, a subsidiary of LSI Industries Inc. (Nasdaq: LYTS), has introduced refrigerated retail displays using the environmentally friendly R290 refrigerant. The new propane-based system offers customers a non-toxic, zero ozone-depleting alternative with significant environmental benefits. The company aims to drive sustainability and energy efficiency with this innovative solution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
none
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
-
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
-
News
LSI Industries to Attend the 14th Annual Craig-Hallum Alpha Select Conference
Rhea-AI Summary
LYTS: LSI Industries to Attend 14th Annual Craig-Hallum Alpha Select Conference in New York City on November 16, 2023. CEO and CFO to Participate in Investor Meetings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
conferences
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
Stock LYTS logo
LSI Industries Inc.

Nasdaq:LYTS

LYTS Rankings

#3095 Ranked by Market Cap
#162 Ranked by Stock Gains
#1676 Ranked by Dividends

LYTS Stock Data

425.30M
25.05M
11.68%
75.44%
1.59%
Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing
Manufacturing
Link
US
Cincinnati

About LYTS

leadership. strength. innovation. those are the key values behind the smart vision upon which lsi industries inc. was founded when established in 1976. today lsi demonstrates this in our dedication to advancing technology throughout all aspects of our business. we are a vertically integrated manufacturer who combines integrated technology, design and manufacturing to produce the most efficient, high quality products possible. everything we build is done right here in one of our us plants. we are committed to advancing solid-state technology to make affordable, high performance, energy efficient lighting and custom graphic products that bring value to our customers. we have a vast offering of innovative solutions for virtually any lighting or graphics application. further, we can provide design support, engineering, installation and project management for custom graphics rollout programs for today’s retail environment. official site: http://www.lsi-industries.com facebook: https:/