Press release
LSI Industries Reports Fiscal 2026 Second 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 second quarter ended December 31, 2025.\n\n\nFISCAL 2026 SECOND QUARTER RESULTS\n\n\n\nNet Sales of $147.0 million\n\n\n\nNet Income $6.3 million; Adjusted Net Income $8.4 million\n\n\n\nDiluted EPS of $0.20; Adjusted Diluted EPS of $0.26\n\n\n\nEBITDA of $12.1 million; Adjusted EBITDA of $13.4 million\n\n\n\nFree Cash Flow of $23.3 million\n\n\n\nRatio of net debt to TTM Adjusted EBITDA of 0.4x\n\n\n\nLSI reported sales of $147.0 million, even with the prior year period, successfully offsetting the impact of fiscal 2025 results which included elevated, event driven sales related to disruption in the grocery vertical. Demand in the grocery vertical returned to seasonal levels in the second quarter of fiscal 2026, which supports higher seasonal activity quarters moving forward.\n\n\nThe Company reported net income of $6.3 million, or $0.20 per diluted share in the second quarter, while adjusted net income was $8.4 million or $0.26 per adjusted diluted share. Fiscal second quarter adjusted EBITDA was $13.4 million or 9.1% of net sales, an increase versus the prior-year period, as improved productivity, price optimization, and disciplined expense management combined to offset raw materials cost inflation.\n\n\nThe Company generated strong free cash flow of $23.3 million in the fiscal second quarter, driven by profitability and sustained working capital discipline. LSI reduced its total debt outstanding by $22.7 million in the fiscal second quarter, resulting in a ratio of net debt to trailing twelve-month adjusted EBITDA of 0.4x as of December 31, 2025. LSI exits the second quarter with cash and availability on its credit facility totaling $103.4 million.\n\n\nThe Company declared a regular cash dividend of $0.05 per share payable on February 10, 2026, to shareholders of record on February 2, 2026.\n\n\nMANAGEMENT COMMENTARY\n\n\n“The strength of our diversified, solutions-based model was evident in the second quarter, enabling LSI to deliver solid performance despite a challenging prior-year comparison,” stated James A. Clark, President and Chief Executive Officer of LSI. “Double-digit sales growth within our L...