LSI Industries Inc. · NASDAQ:LYTS
LSI Industries — Q1 FY2027 Earnings Presentation
16 slides from LSI Industries's earnings presentation, Nov 5, 2026
Slide 1: Fiscal 2027 First Quarter Results Conference Call
Fiscal 2027 First Quarter Results Conference Call NOVEMBER 5, 2026
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements”—that is, statements related to future events within the meaning of the Private Securities Litigation Reform Act of 1995. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forwa
Slide 3: Key Messages
Key Messages Leveraging Commercial, Operational, and Capital Allocation Priorities, Executing on Value Compounding FISCAL 2027 FIRST QUARTER RESULTS Strategy Resilient customer demand, in increasingly difficult operating Display Solutions Segment: Order rates remain positive, environment consolidati
Slide 4: Consolidated Financial Results
Consolidated Financial Results “Category-of-One” Retail Branding TOTAL NET SALES ($M) OPERATING INCOME ($M) Solutions Positions LSI to Increase Reported Operating Income Adj. Operating Income % Sales Share of Wallet +44 % Our in-house design, engineering, manufacturing, 8.9 % installation, and servi
Slide 5: Display Solutions Segment Update
Display Solutions Segment Update Royston Acquisition and Strength in DISPLAY SOLUTIONS SEGMENT SALES ($M) DISPLAY: ADJ. GROSS MARGIN ($M) Target Verticals Drove Growth vs. PY % Sales Largest Refueling/C-Store and Grocery customers +83% 19.3% continue to advance releases on large 19.0 % programs. Lar
Slide 6: Lighting Segment Update
Lighting Segment Update Broad-Based Softness in Non-Residential LIGHTING SEGMENT SALES ($M) LIGHTING: ADJ. GROSS MARGIN ($M) Lighting Demand % Sales Targeting above-market growth in what remains a (6 %) challenging near-term demand environment for 33.6 % 33.7 % commercial lighting; both large and sm
Slide 7: Working Capital Update
Working Capital Update Working Capital TOTAL WORKING CAPITAL ($M) Working Capital remains in tight bandwidth of performance $148.9 $146.0 $144.0 Total days of Working Capital remains within 61-65 $112.8 days or 18% of TTM sales $100.1 Net Accounts Receivable No structure changes; terms or past-due l
Slide 8: Balance Sheet Update
Balance Sheet Update Significant Liquidity to Support Growth CREDIT FACILITY AVAILABILITY ($M) TTM FREE CASH FLOW ($M)(1) More than $122 million of cash and available liquidity under our $350 million credit facility $122.6 $53.1 Strong Free Cash Flow Generation $37.8 $37.9 $39.0 Nearly $14 million o
Slide 9: Appendix
Appendix © 2026 LSI INDUSTRIES 9
Slide 10: Statement on Non-GAAP Financial Measures
Statement on Non-GAAP Financial Measures This presentation includes adjustments to GAAP gross margin, operating income, net income, and earnings per share for the periods ending September 30, 2026, and September 30, 2025. Gross Margin, operating income, net income, and earnings per share, which excl
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation RECONCILIATION OF REPORTED GROSS MARGIN TO ADJUSTED GROSS MARGIN LSI INDUSTRIES LIGHTING SEGMENT DISPLAY SOLUTIONS SEGMENT Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Net Sales 157,249 225,855 69,054 64,823 88,195 161,032 Gross Margin 40,277 52,231 23,182 21,855 17,095 30,374 L
Slide 12: Non-GAAP Reconciliation
Non-GAAP Reconciliation RECONCILIATION OF REPORTED OPERATING INCOME TO ADJUSTED OPERATING INCOME LSI INDUSTRIES LIGHTING SEGMENT DISPLAY SOLUTIONS SEGMENT Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Net Sales 157,249 225,855 69,054 64,823 88,195 161,032 Operating Income 10,972 14,161 8,549 7,548 8,591
Slide 13: Non-GAAP Reconciliation
Non-GAAP Reconciliation RECONCILIATION OF REPORTED NET INCOME TO ADJUSTED NET INCOME LSI INDUSTRIES Q1FY26 Q1FY27 Net Income Reported 7,264 7,127 Income tax 2,431 3,059 Interest expense, net 747 3,862 Other expense (income) 530 113 Operating Income as Reported 10,972 14,161 Depreciation and amortiza
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation RECONCILIATION OF CASH FLOW FROM OPERATIONS TO FREE CASH FLOW FREE CASH FLOW Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Cash Flow from Operations 675 24,984 6,930 11,559 15,231 Less: Capital Expenditures (967) (1,684) (591) (1,900) (1,444) Free Cash Flow (292) 23,300 6,339 9,659 13,7
Slide 15: Non-GAAP Reconciliation
Non-GAAP Reconciliation ORGANIC VS. INORGANIC SALES GROWTH ORGANIC COMPARED TO INORGANIC SALES FIRST QUARTER Q1FY26 Q1FY27 % Variance Lighting Segment 69,053 64,823 (6%) Display Solutions Segment Comparable Display Solutions Sales 88,196 88,620 1% Royston - 72,412 n/m Total Display Solutions Sales 8
Slide 16: For Additional Questions, Please Contact
For Additional Questions, Please Contact 513 372 3021 Thank you, LSI Investor Relations © 2026 LSI INDUSTRIES 16