Welcome to our dedicated page for LSI Industries news (Ticker: LYTS), a resource for investors and traders seeking the latest updates and insights on LSI Industries stock.
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 (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.
LSI Industries (NASDAQ: LYTS) announced its participation in the Sidoti Virtual Investor Conference on March 25, 2021. The executive management team will be available for virtual one-on-one meetings with institutional investors during the event. LSI plans to release its latest conference presentation materials on its investor relations website after market close on March 24, 2021. Headquartered in Blue Ash, Ohio, LSI is a leading manufacturer of indoor and outdoor lighting solutions, serving various industries including automotive and retail.
LSI Industries Inc. (NASDAQ: LYTS), a top U.S. manufacturer of lighting and graphics solutions, will participate in the 33rd Annual Roth Conference from March 15-17, 2021. LSI executives will be available for virtual one-on-one meetings with institutional investors at the event. The company, headquartered in Blue Ash, Ohio, emphasizes high-quality, American-made products, and serves various sectors including automotive, retail, and healthcare with innovative lighting solutions. More details about LSI can be found on their website.
LSI Industries (NASDAQ: LYTS) has nearly completed a multimillion-dollar contactless payment project for ExxonMobil, enhancing payment options at over 11,500 stations in North America. This project includes the implementation of NFC technology that supports Apple Pay, Google Pay, and the ExxonMobil Rewards+ app. LSI is recognized for its capability in managing complex, multi-location projects. The initiative reflects the growing consumer demand for contactless payments, providing secure transaction methods for ExxonMobil customers. Follow-up activities will continue through February 2021.
LSI Industries announced its fiscal Q2 2021 results, showing a net income of $2.2 million, a 27% increase from the previous year. Adjusted net income rose 47% to $2.5 million, with EPS at $0.08 compared to $0.07 last year. EBITDA reached $4.7 million, up 20% year-over-year, while free cash flow stood at $5.3 million. The company, which has no long-term debt, remains optimistic about future growth, particularly in its Graphics segment, despite ongoing pandemic-related challenges.
LSI Industries (NASDAQ: LYTS) announced a new business award worth up to $20 million from a major quick service restaurant customer, expanding upon a previously announced $100 million agreement. This includes providing interior digital signage at over 6,000 locations throughout North America. The project implementation is ongoing, with expectations for acceleration in the current fiscal year. CEO Jim Clark emphasized LSI's capability to deliver complex solutions, reflecting the strong trust placed in the company by its customer.
LSI Industries (LYTS) announced it will release its second quarter fiscal 2021 results on January 21, 2021, before market opening. A conference call will follow at 11:00 a.m. ET to discuss financial results and recent developments. The call can be accessed via dial-in or webcast through the company's Investor Relations website. A replay of the call will be available until February 4, 2021. The company, based in Blue Ash, Ohio, is a major provider of lighting solutions and graphics, and employs about 1,100 individuals across seven manufacturing plants.
LSI Industries (NASDAQ: LYTS) has partnered with USA Pickleball as its official lighting partner. This collaboration aims to capitalize on the growing popularity of pickleball, which currently has over 3.3 million players in the U.S. and around 33,000 courts needing lighting upgrades. Jim Clark, President and CEO, emphasized the partnership aligns with LSI's growth strategy, focusing on market expansion and enhanced service offerings for pickleball facilities. The partnership is expected to boost LSI’s marketing reach and service capabilities in the segment.