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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 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.
LSI Industries (LYTS) has acquired JSI Store Fixtures for $90 million in cash, strengthening its position in the grocery, convenience, and specialty store vertical markets.
This acquisition is expected to drive revenue growth and margin expansion, with immediate adjusted EPS accretion. JSI, a leader in retail display solutions, complements LSI’s existing portfolio, enhancing cross-selling opportunities. The partnership aims to capture the growing demand for retail fixtures, projecting a pro-forma sales target of $500 million and $50 million in Annual Adjusted EBITDA by fiscal 2025.
LSI Industries Inc. (NASDAQ: LYTS) reported its fiscal Q3 2021 results, showcasing net sales of $72.2 million, a 2% increase from the previous year. The company achieved net income of $1.5 million (EPS of $0.05), down from $1.9 million in Q3 2020 due to a previous gain. Adjusted EBITDA rose to $4.4 million, reflective of a $2.8 million year-over-year improvement. Free cash flow surged to $10.6 million. The company enhanced its credit facility, and a cash dividend of $0.05 per share was declared.
LSI Industries (LYTS) will announce its Q3 fiscal 2021 results on April 22, 2021, before the market opens. A conference call is scheduled for 11:00 a.m. ET on the same day to discuss financial results and recent events. Investors can access the webcast on the company's Investor Relations page. LSI Industries specializes in manufacturing lighting and graphics solutions, serving various sectors including automotive and retail. The company employs approximately 1,100 people across its seven U.S. manufacturing plants.