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LSI Industries Inc. reports news on its commercial lighting and display solutions business, including financial results, cash dividends, acquisition activity and customer project demand across retail and other multi-site markets. The company manufactures non-residential indoor and outdoor lighting, lighting controls, print and digital graphics, signage, menu board systems, refrigerated, heated and custom displays.
Recurring updates also cover LSI's Lighting and Display Solutions segments, project management services for large-scale product rollouts, and the combined platform capabilities added through the completed Royston Group acquisition. News commonly links operating performance to branding, remodel and new-build programs for petroleum and convenience stores, quick-service restaurants, grocery, automotive and other commercial customers.
LSI Industries (Nasdaq: LYTS) announced it will release its fiscal 2025 first quarter results before market opening on Thursday, November 7, 2024. The company will host a conference call at 11:00 a.m. ET the same day, featuring a Q&A session and presentation materials available on their website. The conference call will be accessible via webcast and teleconference, with replay available through November 21, 2024.
LSI Industries Inc. (Nasdaq: LYTS) reported financial results for Q4 and full-year fiscal 2024. Q4 highlights include:
- Net sales of $129.0 million, up 4% year-over-year
- Net income of $5.7 million
- Adjusted net income of $7.3 million or $0.24 per diluted share
- Adjusted EBITDA of $14.0 million or 10.9% of sales
- Free cash flow of $10.3 million
Full-year fiscal 2024 results:
- Net sales of $469.6 million
- Net income of $25.0 million or $0.83 per diluted share
- Adjusted net income of $28.6 million or $0.95 per diluted share
- Adjusted EBITDA of $51.4 million or 11.0% of sales
- Free cash flow of $38.0 million
LSI completed the acquisition of EMI Industries for $50 million in cash, enhancing its integrated display solutions offering.
LSI Industries (Nasdaq: LYTS), a leading U.S. manufacturer of commercial lighting and display solutions, has announced the date for its fiscal 2024 fourth quarter and full-year results conference call. The company will release its financial results on Thursday, August 15, 2024, before the market opens. A conference call will be held at 11:00 a.m. ET on the same day to discuss the results and answer questions.
Investors can access the webcast and presentation materials through LSI Industries' website. Teleconference dial-in options are available for both domestic (877-407-4018) and international (201-689-8471) participants. A replay of the call will be accessible until August 29, 2024, using the provided replay numbers and conference ID.
LSI Industries Inc. (NASDAQ: LYTS) announced the grant of inducement awards, including performance stock unit awards, restricted stock unit awards, and stock options, to five new employees acquired from EMI Industries, The awards are under the terms of LSI's 2019 Omnibus Award Plan, approved by the Compensation Committee, and subject to NASDAQ Listing Rule 5635(c)(4). The awards have varying vesting periods based on continued employment, EBITDA, and revenue performance goals.
LSI Industries Inc. (LYTS) granted an inducement stock option to Mark Duato, Senior Vice President of Security Solutions, under NASDAQ Listing Rule 5635(c)(4). The option allows him to purchase up to 25,000 shares of the Company's common stock at $15.01 per share, with full vesting on the third anniversary of the grant.
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