Welcome to our dedicated page for Lsi Inds Ohio news (Ticker: LYTS), a resource for investors and traders seeking the latest updates and insights on Lsi Inds Ohio stock.
LSI Industries Inc (NASDAQ: LYTS) provides vertically integrated lighting solutions and visual display systems for commercial, industrial, and retail markets. This page serves as the definitive source for all official company announcements, financial updates, and strategic developments.
Investors and industry professionals will find curated press releases detailing earnings results, product innovations, and partnership announcements. Our aggregation ensures immediate access to material disclosures impacting LYTS's market position in lighting technology and corporate visual solutions.
Content spans operational milestones including manufacturing advancements, energy-efficient lighting deployments, and retail display system installations. All updates are sourced directly from LSI Industries' communications to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined tracking of LYTS's progress in solid-state lighting and integrated visual solutions. Check regularly for developments reflecting the company's commitment to vertical integration and US-based production excellence.
LSI Industries Inc. (NASDAQ: LYTS) reported a strong fiscal third quarter for 2023, with net sales rising 7% year-over-year to $117.5 million. The company achieved net income of $4.7 million, a 29% increase from the previous year, leading to a diluted EPS of $0.16. Adjusted EBITDA reached $11.2 million, marking a significant 32% increase. Strong demand in the Lighting segment drove this growth, with sales up 17%. LSI reduced its net debt to $48.2 million, achieving a net leverage ratio of 1.0x TTM Adjusted EBITDA. The company declared a cash dividend of $0.05 per share payable on May 16, 2023. Management remains focused on long-term growth with a five-year strategic plan aiming for over 60% organic sales growth and substantial EBITDA increases.
LSI Industries Inc. (NASDAQ: LYTS) has been chosen as the lighting partner for a new electric vehicle (EV) battery production facility in Kentucky. The partnership aligns with the rising demand for EVs, marking a significant milestone for LSI Industries in the green technology sector. The company will supply nearly 15,000 energy-efficient LED lighting fixtures, slated to begin shipping in late August. This initiative underscores LSI's commitment to sustainability, reducing the facility's carbon footprint while showcasing its manufacturing capabilities. As an established player in advanced lighting solutions, LSI is positioned to support new technology investments and large-scale projects in the EV sector.
LSI Industries Inc. (NASDAQ: LYTS), a manufacturer of commercial lighting and display solutions, will release its third quarter fiscal 2023 results on April 27, 2023, before market opening. The Company will host a conference call at 11:00 a.m. ET to discuss these results, recent events, and engage in a question-and-answer session. Interested parties can access the call via teleconference or a live webcast at LSI’s Investor Relations website. The call replay will be available until May 11, 2023.
LSI operates 11 manufacturing plants across the U.S. and Canada, employing around 1,400 people. They specialize in high-performance, American-made lighting solutions and advanced display systems, catering to non-residential markets.
LSI Industries Inc. (NASDAQ: LYTS) has unveiled its "Fast Forward" strategy, aiming for $800 million in net sales and $100 million in adjusted EBITDA by FY28. This initiative is part of their long-term growth plan, focusing on targeted expansion in high-value vertical markets and operational efficiency. For the fiscal year 2023, LSI projects net sales between $490-$500 million and adjusted EBITDA of $47-$49 million. The company expects over 60% growth in net sales and over 100% growth in adjusted EBITDA over five years, with a goal of achieving a margin of 12.5% of net sales.
LSI Industries Inc. (NASDAQ: LYTS) will be represented by CEO James Clark and CFO James Galeese at the Sidoti Small-Cap Virtual Conference on March 22, 2023. This event will allow registered investors to engage in one-on-one meetings with the executives. LSI, based in Greater Cincinnati, specializes in manufacturing high-performance commercial lighting and display solutions across the U.S. and Canada, employing around 1,400 staff across 11 plants. The company's strong focus on outdoor lighting positions it well for future growth opportunities. More information is available at www.lsicorp.com.
LSI Industries Inc. (LYTS), a U.S. manufacturer of commercial lighting and display solutions, announced participation in the 35th Annual Roth Conference from March 12-14, 2023, at The Ritz Carlton in Dana Point, California. CEO James Clark and CFO James Galeese will be present, engaging in one-on-one meetings with registered investors. LSI, headquartered in Greater Cincinnati, employs approximately 1,400 people across 11 manufacturing plants in the U.S. and Canada. The company specializes in high-performance, American-made lighting solutions and advanced display equipment for various markets. More information can be found on their website.
LSI Industries reported a strong fiscal second quarter for 2023, with net sales increasing 16% year-over-year to $128.8 million. Net income rose by 107% to $6.4 million, and diluted EPS was $0.22. Adjusted EBITDA grew 54% to $13.0 million, achieving a margin of 10.1%. The company generated free cash flow of $8.9 million for the quarter, with net debt decreasing to $60.1 million, a 1.3x ratio to trailing twelve-month adjusted EBITDA. Notable projects include a $12+ million rebranding in Puerto Rico and a $12 million display case order from a major grocery chain.
LSI Industries (NASDAQ: LYTS) announced it will release its second quarter fiscal 2023 results prior to market open on January 26, 2023. The company will hold a conference call at 11:00 a.m. EST on the same day to discuss the financial outcomes and recent developments. A replay of the call will be available until February 9, 2023. Headquartered in Greater Cincinnati, LSI specializes in commercial lighting and display solutions, employing around 1,400 people across 11 manufacturing facilities in the U.S. and Canada.
LSI Industries Inc. (LYTS), a leading manufacturer of lighting solutions, has successfully completed a turnkey solar installation at a Speedy Stop convenience store in Austin, Texas. The solar system generates 170 MWh of electricity annually, allowing for a payback period of less than four years. This installation highlights LSI's capability in delivering innovative renewable energy solutions, positioning the company well for future growth in the solar market, especially within the large network of U.S. refueling sites.
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