Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Q4 2025 Earnings Presentation
18 slides from Lsi Industries's earnings presentation, Aug 21, 2025
Slide 1: Fiscal Fourth Quarter and Full-Year 2025 Results
Fiscal Fourth Quarter And Full-Year 2025 Results Conference Call August 21, 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 Double-digit organic sales growth across both Lighting revenues increase 12% on improved Strong quarter driven our Lighting and Display Solutions segments project order rates by balanced Q4FY25 sales 20% above PY driven by balanced Rebound in order activity, particularly in large perfor
Slide 4: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS Total Net Sales ($M) Operating Income ($M) Key vertical markets 9.9% 8.4% driving solid sales and $573.4 $48.4 order performance $469.6 $46.4 $35.5 $35.8 9.8% 9.7% 11% organic sales growth, $155.1 $15.1 supported by balanced $129.0 $9.0 $12.6 $11.9 demand growth across
Slide 5: Display Solutions Segment Update
DISPLAY SOLUTIONS SEGMENT UPDATE Display Solutions Segment Sales ($M) Display Solutions Segment Adj. Gross Margin ($M) Display Solutions sales $325.0 increased 29%, with 10% organic 21.6% sales growth; Refueling / C-Store 17.8% +23% driven by several major $207.2 $57.9 programs, Grocery +31% $44.7 1
Slide 6: Lighting Segment Update
LIGHTING SEGMENT UPDATE Lighting Segment Sales ($M) Lighting Segment Adj. Gross Margin ($M) Solid Q4 growth rate provides momentum entering FY26 $262.4 $248.4 33.9% 34.0% following overall soft market in $89.0 FY25 $84.4 36.2% 33.0% Increased Q4 order levels $72.7 $65.1 generated a book-to-bill of 1
Slide 7: Disciplined Working Capital Management
DISCIPLINED WORKING CAPITAL MANAGEMENT Total Working Capital ($M) Disciplined working capital management supporting $96.8 strong free cash generation $86.8 $84.9 $96.3 $83.3 Days of Working Capital decreased in Q4 reflecting EMI Canada’s Best Acquisition Acquisition Margin MarginRate Rate increased
Slide 8: Strong Balance Sheet; Consistent Cash Generation
STRONG BALANCE SHEET; CONSISTENT CASH GENERATION Free Cash Flow ($M)(1) TTM Free Cash Flow ($M)(1) Generated free cash flow of $8.5 million; TTM free cash flow $41.4 through Q4FY25 of $34.7 $38.0 $39.9 $35.0 $34.7 million $10.3 $11.1 $8.8 $8.5 Net debt $45.1 million through $4.7 Q4FY25; net leverage
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 June 30, 2024, and June 30, 2025. Gross Margin, operating income, net income, and earnings per share, which exclude the im
Slide 11: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Reconciliation of Reported Gross Margin to Adjusted Gross Margin Full Year LSI Industries Q4 2024 Q4 2025 FY 24 FY 25 Net Sales 129,007 155,066 469,639 573,377 Gross Margin 33,834 40,518 133,168 141,870 Lease expense on the step-up basis of acquired leases 153 - 356 Severance
Slide 12: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Reconciliation of Reported Operating Income to Adjusted Operating Income Full Year LSI Industries Q4 2024 Q4 2025 FY 24 FY 25 Net Sales 129,007 155,066 469,639 573,377 Operating Income 9,011 11,944 35,517 35,769 Consulting expense: commercial growth initiatives - - 19 81 Acqu
Slide 13: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Reconciliation of Reported Operating Income to Adjusted Operating Income Full Year Lighting Segment Q4 2024 Q4 2025 FY 24 FY 25 Net Sales 65,095 72,743 262,413 248,357 Operating Income 8,450 11,368 33,328 30,251 Amortization expense of acquired intangible assets 604 603 2,413
Slide 14: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Reconciliation of Reported Net Income to Adjusted Net Income Diluted Diluted Diluted Diluted Diluted LSI Industries Q1 2024 EPS Q2 2024 EPS Q3 2024 EPS Q4 2024 EPS FY 2024 EPS Net Income Reported $ 8,028 $ 0.27 $ 5,906 $ 0.20 $ 5,375 $ 0.18 $ 5,668 $ 0.19 $ 24,977 $ 0.83 Acqu
Slide 15: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Reconciliation or Reported Net Income to Adjusted Net Income LSI Industries Q4 2024 Q4 2025 FY 2024 FY 2025 Net Income Reported $ 5,668 $ 8,172 $ 24,977 $ 24,383 Income tax 2,219 3,605 8,122 8,655 Interest expense, net 1,003 865 2,156 3,129 Other expense (income) 121 (698) 26
Slide 16: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Free Cash Flow Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 25 Cash flow from operations $ 11,096 $ 11,846 $ 9,891 $ 6,882 $ 9,499 $ 38,118 Less: Capital expenditures $ (762) $ (759) $ (1,066) $ (690) $ (950) $ (3,465) Free cash flow $ 10,334 $ 11,087 $ 8,825 $ 6,192 $ 8,549 $
Slide 17: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION Fourth Quarter Organic compared to Inorganic Sales Q4 2025 Q4 2024 % Variance Lighting Segment $ 72,743 $ 65,095 12% Display Solutions Segment - Comparable Display Solutions Sales $ 52,324 $ 45,838 14% - EMI $ 22,819 18,074 - Canada's Best $ 7,180 $ - Total Diplay Solutions S
Slide 18: For Additional Questions, Please Contact
For Additional Questions, Please Contact 720.778.2415 Thank you, LSI Investor Relations