LSI Industries Reports Fiscal 2026 Third Quarter Results and Declares Quarterly Cash Dividend

About this update from Lsi Industries Inc.

[{"type":"text","content":"CINCINNATI, April 23, 2026--(BUSINESS WIRE)--LSI Industries Inc. (Nasdaq: LYTS, "LSI" or the "Company") a leading U.S. based manufacturer of commercial lighting and display solutions, today reported results for the fiscal 2026 third quarter ended March 31, 2026.","length":282,"tagName":"p"},{"type":"text","content":"FISCAL 2026 THIRD QUARTER RESULTS","length":33,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Completed the acquisition of Royston Group on March 24, 2026","length":60,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net Sales of $150.5 million, +14% y/y; net sales excluding Royston +9% y/y","length":74,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net Income $2.1 million; Adjusted Net Income $9.6 million, +52% y/y","length":67,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Diluted EPS of $0.06; Adjusted Diluted EPS of $0.28","length":51,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"EBITDA of $7.5 million; Adjusted EBITDA of $15.0 million, +34% y/y","length":66,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Ratio of net debt to TTM proforma Adjusted EBITDA 2.7x","length":54,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":372,"olType":false},{"type":"text","content":"During the fiscal third quarter, LSI reported net sales of $150.5 million, an increase of 14% versus the prior-year period, including six days of contribution from the Royston Group ("Royston") acquisition. Excluding Royston-related contributions, fiscal third quarter revenue increased 9% versus the prior year, capitalizing on increased vertical market demand across both of LSI’s Lighting and Display Solutions segments.","length":433,"tagName":"p"},{"type":"text","content":"The Company reported net income of $2.1 million, or $0.06 per diluted share in the fiscal third quarter, while adjusted net income was $9.6 million, or $0.28 per diluted share. Reported net income for the fiscal third quarter includes approximately $6.5 million of non-recurring items, mainly related to the Royston acquisition.","length":328,"tagName":"p"},{"type":"text","content":"During the quarter, LSI completed an underwritten public offering of common stock to support the financing of the Royston Group transaction. I...

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