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LSI Industries Inc. (LYTS) is a leading innovator in the field of lighting and display solutions, founded in 1976 with core values of leadership, strength, and innovation. As a vertically integrated manufacturer, LSI Industries combines technology, design, and manufacturing to produce high-quality and efficient products for various markets. The company operates primarily in two segments: Lighting and Display Solutions.
The Lighting Segment is the largest revenue generator for LSI Industries. It focuses on the manufacture and marketing of outdoor and indoor lighting products and controls for commercial, industrial, and multi-site retail markets. This includes sectors such as petroleum/convenience stores, quick-service restaurants, and automotive markets. LSI is committed to advancing solid-state technology to create affordable, high-performance, energy-efficient lighting solutions that deliver exceptional value to its customers.
The Display Solutions Segment specializes in exterior and interior visual image and display elements. This includes printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements. The company also offers comprehensive services such as design support, engineering, installation, and project management for custom graphics rollout programs, catering to the needs of today's retail environment.
LSI Industries prides itself on its dedication to quality and efficiency, with all manufacturing processes carried out within the United States. This commitment ensures that every product meets the highest standards. The company continues to push the boundaries of innovation to provide its customers with the most advanced solutions in lighting and display technologies.
For more information, visit the official website or follow LSI Industries on Facebook.
LSI Industries Inc. (NASDAQ: LYTS) reported a strong fiscal third quarter for 2023, with net sales rising 7% year-over-year to $117.5 million. The company achieved net income of $4.7 million, a 29% increase from the previous year, leading to a diluted EPS of $0.16. Adjusted EBITDA reached $11.2 million, marking a significant 32% increase. Strong demand in the Lighting segment drove this growth, with sales up 17%. LSI reduced its net debt to $48.2 million, achieving a net leverage ratio of 1.0x TTM Adjusted EBITDA. The company declared a cash dividend of $0.05 per share payable on May 16, 2023. Management remains focused on long-term growth with a five-year strategic plan aiming for over 60% organic sales growth and substantial EBITDA increases.
LSI Industries Inc. (NASDAQ: LYTS) has been chosen as the lighting partner for a new electric vehicle (EV) battery production facility in Kentucky. The partnership aligns with the rising demand for EVs, marking a significant milestone for LSI Industries in the green technology sector. The company will supply nearly 15,000 energy-efficient LED lighting fixtures, slated to begin shipping in late August. This initiative underscores LSI's commitment to sustainability, reducing the facility's carbon footprint while showcasing its manufacturing capabilities. As an established player in advanced lighting solutions, LSI is positioned to support new technology investments and large-scale projects in the EV sector.
LSI Industries Inc. (NASDAQ: LYTS), a manufacturer of commercial lighting and display solutions, will release its third quarter fiscal 2023 results on April 27, 2023, before market opening. The Company will host a conference call at 11:00 a.m. ET to discuss these results, recent events, and engage in a question-and-answer session. Interested parties can access the call via teleconference or a live webcast at LSI’s Investor Relations website. The call replay will be available until May 11, 2023.
LSI operates 11 manufacturing plants across the U.S. and Canada, employing around 1,400 people. They specialize in high-performance, American-made lighting solutions and advanced display systems, catering to non-residential markets.
LSI Industries Inc. (NASDAQ: LYTS) has unveiled its "Fast Forward" strategy, aiming for $800 million in net sales and $100 million in adjusted EBITDA by FY28. This initiative is part of their long-term growth plan, focusing on targeted expansion in high-value vertical markets and operational efficiency. For the fiscal year 2023, LSI projects net sales between $490-$500 million and adjusted EBITDA of $47-$49 million. The company expects over 60% growth in net sales and over 100% growth in adjusted EBITDA over five years, with a goal of achieving a margin of 12.5% of net sales.
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