Press release
LSI Industries Reports Fiscal 2026 First Quarter Results and Declares Quarterly Cash Dividend
CINCINNATI--(BUSINESS WIRE)-- LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display
About this update from Lsi Industries Inc.
[{"type":"text","content":" CINCINNATI--(BUSINESS WIRE)--\nLSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for the fiscal 2026 first quarter ended September 30, 2025.\n\nFISCAL 2026 FIRST QUARTER RESULTS\n\n\nNet Sales of $157.3 million, +14% y/y; organic growth 7% y/y\n\n\nNet Income $7.3 million, Adjusted Net Income $9.7 million, +22%y/y\n\n\nDiluted EPS of $0.23; Adjusted Diluted EPS of $0.31\n\n\nEBITDA of $14.2 million; Adjusted EBITDA of $15.6 million, +17% y/y\n\n\nAdjusted EBITDA margin rate of 10.0%\n\n\nRatio of net debt to TTM Adjusted EBITDA of .8x\n\n\nLSI delivered significant year-over-year growth in net sales during the fiscal 2026 first quarter, driven by broad-based demand across its Lighting and Display Solutions segments. A combination of increased project activity across several vertical markets, improved price realization, and disciplined cost management resulted in higher operating income, net income, adjusted EBITDA, and margin realization when compared to the prior year period.\n\nThe Company reported fiscal first quarter net sales of $157.3 million, an increase of 14% versus the prior-year period. Reported net income was $7.3 million, or $0.23 per diluted share, versus $6.7 million, or $0.22 per diluted share in the prior-year period. Adjusted net income was $9.7 million, or $0.31 per diluted share in the fiscal first quarter, compared to $8.0 million, or $0.26 per diluted share last year.\n\nLSI reported adjusted EBITDA of $15.6 million in the fiscal first quarter, an increase of 17% versus the prior-year period. The adjusted EBITDA margin rate increased year-over-year to 10.0% in the fiscal first quarter. A reconciliation of GAAP to non-GAAP financial results is included in the attached press release schedules.\n\nWorking Capital increased in the first quarter as expected, driven by our sales growth and support of our supply chain and production capabilities. While the timing of these investments impacted free cash generation in the first quarter, LSI expects to a return to positive cash flow during the fiscal second quarter. LSI maintains a strong balance sheet, exiting the quarter with a ratio of net debt to trailing twelve-month adjusted EBITDA of .8x.\n\nThe Company declared a regular cash dividend of ...