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) is a U.S.-based manufacturer of commercial lighting, graphics, and display solutions, and its news flow reflects activity across both its Lighting and Display Solutions segments. Company announcements regularly cover quarterly and full-year financial results, segment performance, and demand trends in strategic vertical markets such as refueling and convenience stores, grocery, quick-service restaurants, sports and recreational facilities, and other non-residential environments.
Investors following LYTS news will see detailed earnings releases that discuss net sales by segment, changes in backlog and order rates, and commentary on project activity across key verticals. These updates often highlight the contribution of acquisitions in the custom display fixtures and store design space, including JSI Store Fixtures, EMI Industries, and Canada’s Best Holdings, which expand LSI’s capabilities and geographic reach in North America.
Beyond earnings, LSI’s news includes announcements of conference call dates and webcasts for upcoming results, regular cash dividend declarations, and capital structure developments such as amendments to its revolving credit facility. The company also issues releases on strategic partnerships and marketing initiatives, such as its role as an Official Lighting Sponsor of USA Pickleball, underscoring its participation in sports and recreational lighting applications.
For anyone tracking LYTS, this news page provides a centralized view of the company’s operational updates, financial disclosures referenced in 8-K filings, and strategic developments in lighting, graphics, and display solutions. Regular visitors can monitor how LSI’s vertical market strategy, acquisitions, and manufacturing footprint in the U.S. and Canada are reflected in its reported results and corporate actions over time.
LSI Industries reported a remarkable fiscal Q2 2022, achieving a 45% increase in total net sales to $111.1 million year-over-year, with organic sales up 19%. Net income rose by 41% to $3.1 million, or $0.11 per diluted share. Adjusted net income also surged 67% to $4.2 million, representing $0.15 per diluted share. The company’s robust performance is attributed to the recovery in non-residential construction and the JSI Store Fixtures acquisition. A regular cash dividend of $0.05 per share is set for February 15, 2022.
LSI Industries (NASDAQ: LYTS) announced a significant $17 million order from a major supermarket chain for the manufacture of refrigerated display fixtures through its subsidiary, JSI Store Fixtures. This order, which will be fulfilled in the second half of fiscal 2022, reflects LSI's commitment to energy-efficient and custom solutions designed to enhance customer experience. JSI, recognized for its quality and domestic manufacturing, was acquired by LSI in May 2021, positioning LSI to leverage ongoing investments in display solutions in the grocery sector.
LSI Industries Inc. (NASDAQ: LYTS) will release its second quarter fiscal 2022 results on January 27, 2022, before the market opens. A conference call is scheduled for the same day at 11:00 a.m. ET, where financial results will be reviewed, and a Q&A session will follow. Interested parties can access the webcast and presentation materials through the Investor Relations section of LSI's website. The company specializes in commercial lighting and display solutions, employing around 1,400 people across 11 manufacturing plants in the U.S. and Canada.
LSI Industries (NASDAQ: LYTS) announced the launch of turnkey solar installations for petroleum fueling stations, starting with a project in Austin, Texas. This initiative features LG solar panels expected to generate over 170,000 kWh of energy annually, cutting energy consumption by 18%. The project reflects LSI's commitment to green innovation and energy efficiency. CEO James A. Clark emphasized the importance of reducing carbon footprints and operating costs for customers, showcasing LSI's focus on eco-friendly solutions in the clean energy market.
LSI Industries (NASDAQ: LYTS) reported a strong fiscal Q1 2022 with net sales reaching $106.4 million, up 52% year-over-year. Organic net sales rose 19%. The company achieved a net income of $3.1 million, a 57% increase, and adjusted EPS was $0.13. Adjusted EBITDA grew 59% to $7.6 million. The growth was driven by strong demand in Lighting and Display Solutions, including contributions from the JSI acquisition made in May 2021. Despite supply chain challenges, LSI increased inventory to meet customer demand.
LSI Industries (NASDAQ: LYTS) will release its first quarter fiscal 2022 results on November 3, 2021, before the market opens. A conference call to discuss these results is scheduled for the same day at 11:00 a.m. ET, where recent events will also be covered. Interested parties can join via teleconference or access the webcast through the Investor Relations section of the LSI website. The company specializes in commercial lighting and display solutions, employing around 1,400 people across 11 manufacturing plants in the U.S. and Canada.
LSI Industries (NASDAQ: LYTS) reported strong fourth quarter and fiscal year 2021 results, with net sales increasing by 53% in Q4 and 3% for the year, totaling $316 million. The net income for Q4 was $0.2 million, while full-year net income decreased to $5.9 million from $9.6 million in the previous year. Adjusted EPS rose to $0.12 in Q4 and $0.36 for the year, up from $0.07 and $0.15 respectively. The company also declared a cash dividend of $0.05 per share. Notably, the acquisition of JSI Store Fixtures boosted growth, particularly in the Display Solutions segment.
LSI Industries Inc. (NASDAQ: LYTS), a leader in commercial lighting and graphics solutions, announced that its executive team will attend the Canaccord Genuity Annual Growth Conference on August 12, 2021. Executive members will engage in virtual one-on-one meetings with institutional investors during the event. LSI will also share its latest conference materials on its Investor Relations webpage after market close on August 11, 2021. Headquartered in Cincinnati, LSI employs about 1,400 people across 11 manufacturing plants in the U.S. and Canada.
LSI Industries Inc. (LYTS) will announce its fourth quarter and full-year fiscal 2021 results on August 19, 2021, before market opens. The company will hold a conference call at 11:00 a.m. ET to discuss financial outcomes and recent events. Investors can access a live webcast and call-in details via LSI's Investor Relations webpage. A replay will be available from August 19 to September 2, 2021. LSI Industries specializes in commercial lighting and graphics solutions, with a focus on high-performance lighting systems and retail display technologies.
On May 25, 2021, LSI Industries (NASDAQ: LYTS) announced the grant of inducement awards, comprising 146,029 performance stock unit (PSU) awards and 36,506 restricted stock unit (RSU) awards to six new employees from JSI Holding Corp. This decision follows LSI’s acquisition of JSI on May 24, 2021. The PSUs will vest in three years, contingent on achieving cumulative EBITDA and revenue targets, while the RSUs will cliff vest after three years. The awards comply with Nasdaq's Listing Rule 5635(c)(4) and have been approved by LSI’s Compensation Committee.