LSI Industries Inc - LYTS STOCK NEWS

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) announced the grant of inducement awards, including performance stock unit awards, restricted stock unit awards, and stock options, to five new employees acquired from EMI Industries, The awards are under the terms of LSI's 2019 Omnibus Award Plan, approved by the Compensation Committee, and subject to NASDAQ Listing Rule 5635(c)(4). The awards have varying vesting periods based on continued employment, EBITDA, and revenue performance goals.

LSI Industries Inc. (LYTS) granted an inducement stock option to Mark Duato, Senior Vice President of Security Solutions, under NASDAQ Listing Rule 5635(c)(4). The option allows him to purchase up to 25,000 shares of the Company's common stock at $15.01 per share, with full vesting on the third anniversary of the grant.

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. granted an inducement stock option to Michael Romano, Senior Vice President of Procurement and Logistics, under NASDAQ Listing Rule 5635(c)(4). The option allows him to purchase up to 10,000 shares of the Company's common stock at $14.17 per share, with full vesting on the third anniversary of the grant.

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.