Life Storage - LSI STOCK NEWS

LSI Industries (Nasdaq: LYTS) has announced it will release its fiscal 2025 second quarter results before market opening on Thursday, January 23, 2025. The company will host a conference call at 11:00 a.m. ET on the same day to discuss the results and conduct a Q&A session.

The conference call will be accessible via webcast through LSI's website investor relations section, with presentation materials available. Participants can join through teleconference using domestic (877-407-4018) or international (201-689-8471) dial-in numbers. A replay will be available until February 6, 2025, accessible via domestic (844-512-2921) and international (412-317-6671) numbers with conference ID 13751021.

LSI Industries (Nasdaq: LYTS) announced its fiscal 2025 first-quarter results ending September 30, 2024. The company reported net sales of $138.1 million, a 12% increase year-over-year. Net income was $6.7 million or $0.22 per diluted share, while adjusted net income was $8.0 million or $0.26 per share. EBITDA stood at $12.1 million, with adjusted EBITDA at $13.4 million. Free cash flow was $11.1 million, and the ratio of net debt to TTM adjusted EBITDA was 0.8x.

The company highlighted strong commercial and operational execution, with a notable 90% increase in grocery vertical orders. LSI successfully integrated EMI Industries, contributing $26.2 million in sales. Despite lower large project activity in the Lighting segment, total orders and backlog increased.

LSI declared a quarterly cash dividend of $0.05 per share payable on November 26, 2024, to shareholders of record on November 18, 2024. Management forecasts positive activity for Display Solutions and anticipates improved performance in the Lighting Segment in the second quarter.

LSI Industries (Nasdaq: LYTS) announced it will release its fiscal 2025 first quarter results before market opening on Thursday, November 7, 2024. The company will host a conference call at 11:00 a.m. ET the same day, featuring a Q&A session and presentation materials available on their website. The conference call will be accessible via webcast and teleconference, with replay available through November 21, 2024.

LSI Industries Inc. (Nasdaq: LYTS) reported financial results for Q4 and full-year fiscal 2024. Q4 highlights include:

- Net sales of $129.0 million, up 4% year-over-year
- Net income of $5.7 million
- Adjusted net income of $7.3 million or $0.24 per diluted share
- Adjusted EBITDA of $14.0 million or 10.9% of sales
- Free cash flow of $10.3 million

Full-year fiscal 2024 results:

- Net sales of $469.6 million
- Net income of $25.0 million or $0.83 per diluted share
- Adjusted net income of $28.6 million or $0.95 per diluted share
- Adjusted EBITDA of $51.4 million or 11.0% of sales
- Free cash flow of $38.0 million

LSI completed the acquisition of EMI Industries for $50 million in cash, enhancing its integrated display solutions offering.

LSI Industries (Nasdaq: LYTS), a leading U.S. manufacturer of commercial lighting and display solutions, has announced the date for its fiscal 2024 fourth quarter and full-year results conference call. The company will release its financial results on Thursday, August 15, 2024, before the market opens. A conference call will be held at 11:00 a.m. ET on the same day to discuss the results and answer questions.

Investors can access the webcast and presentation materials through LSI Industries' website. Teleconference dial-in options are available for both domestic (877-407-4018) and international (201-689-8471) participants. A replay of the call will be accessible until August 29, 2024, using the provided replay numbers and conference ID.

LSI Industries Inc. (Nasdaq: LYTS) reported strong fiscal 2024 third-quarter results with net sales of $108.2 million, net income of $5.4 million, and adjusted EBITDA of $11.2 million. The company declared a quarterly cash dividend and announced the acquisition of EMI Industries for $50 million, aiming to enhance its commercial lighting and display solutions business.

LSI Industries Inc. (NASDAQ: LYTS) announced the acquisition of EMI Industries for $50 million, expanding its display solutions capabilities within the grocery, convenience store, and restaurant markets. EMI is a Florida-based metal and millwork manufacturer known for customized fixtures, displays, and food equipment. The acquisition aligns with LSI's Fast Forward strategy to drive net sales growth by more than 60% between fiscal year 2023 and fiscal year 2028, with acquisition-related contributions. Financially, EMI reported total revenue and adjusted EBITDA of $87.0 million and $5.5 million, respectively, in 2023. The transaction is immediately accretive to LSI on an adjusted earnings per share basis. LSI funded the acquisition using cash and availability under its existing credit facility, aiming to reduce net leverage in the next 24 months. The deal expands LSI's market presence, provides operational synergies, and enhances its value proposition with customers.

LSI Industries, Inc. (LYTS) will release fiscal 2024 third-quarter results on April 25, 2024. A conference call will follow to discuss financial results and recent events. Webcast and teleconference details are available on the company's website.

LSI Industries Inc. reported solid financial results for the fiscal 2024 second quarter, with net sales of $109.0 million, net income of $5.9 million, and adjusted EBITDA of $11.1 million. The company increased market share across high-value vertical markets and reduced its ratio of net debt to trailing twelve-month Adjusted EBITDA to 0.4x from 1.3x. LSI declared a regular cash dividend of $0.05 per share and remains well-positioned to capitalize on an expected acceleration in project activity as market conditions normalize.