Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Q1 2026 Earnings Presentation
16 slides from Lsi Industries's earnings presentation, Nov 6, 2025
Slide 1: Fiscal First Quarter 2026 Results Conference Call
Fiscal First Quarter 2026 Results Conference Call November 6, 2025
Slide 2: Disclaimer
DISCLAIMER 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 forward-looking statements. Forw
Slide 3: Key Messages
KEY MESSAGES Broad-based organic sales growth across both Lighting Lighting revenues increased 18% on increased project and Display Solutions segments activity Q1F26 sales +14% y/y and +7% y/y on an organic basis; Capitalized on elevated large project activity, with all three positive momentum drive
Slide 4: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS Broad-Based Growth Across Vertical Markets Total Net Sales ($M) Operating Income ($M) Double-digit growth in both 9.0% $157.2 8.6% reportable segments. Delivered y/y $14.1 revenue growth across key vertical $11.9 markets. Includes incremental $11.0 impact of Canada’s B
Slide 5: Display Solutions Segment Update
DISPLAY SOLUTIONS SEGMENT UPDATE Large National Programs Supporting Project Activity Display Solutions Segment Sales ($M) Display Solutions Segment Adj. Gross Margin ($M) Refueling / C-Store supported by $88.2 19.3% sustained large national programs 19.0% with oil majors; JSI growth balanced $17.0 b
Slide 6: Lighting Segment Update
LIGHTING SEGMENT UPDATE Executed On High Backlog Entering Q1F26 Lighting Segment Sales ($M) Lighting Segment Adj. Gross Margin ($M) Lighting sales increased 18% y/y, 35.6% driven by organic double-digit $69.1 growth across all three lighting $58.4 31.9% brands $23.2 $18.7 Higher Volume And Pricing A
Slide 7: Working Capital Update
WORKING CAPITAL UPDATE Working Capital Increased $16 Million Y/Y Total Working Capital ($M) In Q1F26 $112.4 $96.3 $96.8 Working capital increase due to $86.8 $84.9 higher AR levels and increased on- hand cash balance AR increase driven by timing of Margin MarginRate Rate sales activity, and delayed
Slide 8: Balance Sheet Update
BALANCE SHEET UPDATE Upsized, Extended Term Of Credit Facility Credit Facility Capacity ($M)(1) TTM Free Cash Flow ($M)(1) Amended the existing credit facility as we approached one year from expiration date . Upsized secured New Capacity $39.9 $41.4 $125 Million revolving LOC to $125 million; Prior
Slide 9: Appendix
APPENDIX
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, 2024, and September 30, 2025. Gross Margin, operating income, net income, and earnings per share, which excl
Slide 11: Non-GAAP Reconciliation
NON-GAAP RECONCOLIATION LSI Industries Q1 2025 Q1 2026 Net Sales 138,095 157,249 Gross Margin 33,647 40,277 Lease expense on the step-up basis of acquired leases 67 68 Severance costs/Restructuring costs 39 (135) Adjusted Gross Margin 33,753 40,210 Adjusted Gross Margin % 24.4% 25.6% Lighting Segmen
Slide 12: Non-GAAP Reconciliation
NON-GAAP RECONCOLIATION LSI Industries Q1 2025 Q1 2026 Lighting Segment Q1 2025 Q1 2026 Net Sales 138,095 157,249 Net Sales 58,437 69,054 Operating Income 9,131 10,972 Operating Income 5,759 8,549 Acquisition Costs 48 220 Amortization expense of acquired intangible assets 603 603 Amortization expens
Slide 13: Non-GAAP Reconciliation
NON-GAAP RECONCOLIATION LSI Industries Q1 2025 Q1 2026 Net Income Reported $ 6,682 $ 7,264 Income tax 1,635 2,431 Interest expense, net 875 747 Other expense (income) (61) 530 Operating Income as Reported 9,131 10,972 Depreciation and amortization 2,940 3,200 EBITDA $ 12,071 $ 14,172 Acquisition Cos
Slide 14: Non-GAAP Reconciliation
NON-GAAP RECONCOLIATION Free Cash Flow Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Cash flow from operations $ 11,846 $ 9,891 $ 6,882 $ 9,499 $ 675 Less: Capital expenditures $ (759) $ (1,066) $ (690) $ (950) $ (967) Free cash flow $ 11,087 $ 8,825 $ 6,192 $ 8,549 $ (292) Net Debt Outstanding and Levera
Slide 15: Non-GAAP Reconciliation
NON-GAAP RECONCOLIATION Organic compared to Inorganic Sales Q1 2026 Q1 2025 % Variance Lighting Segment $ 69,053 $ 58,437 18% Display Solutions Segment - Comparable Display Solutions Sales 79,277 79,658 - - Canada's Best 8,919 - Total Diplay Solutions Sales $ 88,196 $ 79,658 11% Total net sales $ 15
Slide 16: For Additional Questions, Please Contact
For Additional Questions, Please Contact 720.778.2415 Thank you, LSI Investor Relations