LSI Industries Inc - LYTS STOCK NEWS

LSI Industries Inc. (Nasdaq: LYTS) has announced participation in the H.C. Wainwright Global Investment Conference on May 24-25, 2022. The executive management team will be available for one-on-one meetings with registered investors during the event. Headquartered in Greater Cincinnati, LSI specializes in manufacturing commercial lighting and display solutions, employing approximately 1,400 personnel across 11 U.S. and Canadian plants. The company focuses on high-performance lighting solutions and various display technologies for strategic markets.

LSI Industries reports a strong fiscal Q3 2022, with net sales increasing 53% year-over-year to $110.1 million and net income rising 146% to $3.6 million, or $0.13 per diluted share. Adjusted EBITDA grew 92% to $8.5 million. The company announced a $15 million share repurchase program and a quarterly dividend of $0.05 per share. Sales growth was driven by robust demand in lighting and display solutions, particularly from the JSI Store Fixtures acquisition. Management anticipates sustained growth with a strong backlog and favorable market indicators.

LSI Industries Inc. (NASDAQ: LYTS) announced a new share repurchase program authorizing up to $15 million for the buyback of common stock. This decision reflects the Board's confidence in the Company's performance and aims to enhance shareholder value. The timing of the repurchases will be influenced by various market considerations and capital needs. LSI's commitment to a balanced capital allocation strategy focuses on organic growth, acquisitions, and returning capital to shareholders, aligning with positive trends in non-residential construction.

LSI Industries Inc. (LYTS) is set to announce its third quarter fiscal 2022 results before market opening on April 28, 2022. A conference call will follow at 11:00 a.m. ET to discuss financial outcomes, recent developments, and engage in Q&A. Interested parties can access the call via teleconference or web broadcast, with replay options available from April 28, 2022 to May 12, 2022. LSI operates 11 manufacturing plants in the U.S. and Canada, specializing in commercial lighting and display solutions.

LSI Industries Inc. (LYTS) has expanded its footprint in the quick service restaurant (QSR) market by partnering with a major chicken brand operating over 2,500 locations. This partnership designates LSI as the preferred supplier for digital menu board systems, covering both drive-thru and indoor installations. The company will also provide ongoing maintenance through its ADAPT Program. LSI's strategy focuses on managing large-scale installations, aligning with corporate identities, and fostering long-term client relationships, thereby enhancing its service offerings within the QSR sector.

LSI Industries (LYTS), a major U.S. manufacturer of commercial lighting and display solutions, will attend the Sidoti Small-Cap Virtual Conference on March 24, 2022. LSI executives will be available for one-on-one meetings with registered investors. The company, headquartered in Greater Cincinnati, specializes in non-residential lighting and display solutions, employing approximately 1,400 people across 11 manufacturing plants in the U.S. and Canada. Further details can be found on their website.

LSI Industries (NASDAQ: LYTS) announced its participation in the 34th Annual Roth Conference on March 14-15, 2022, at The Ritz Carlton in Dana Point, California. Members of the executive team will engage in live one-on-one meetings with institutional investors attending the event. LSI is a leading manufacturer of commercial lighting and display solutions, known for high-performance, American-made products. The company operates 11 manufacturing plants across the U.S. and Canada, employing approximately 1,400 people.

LSI Industries reported a remarkable fiscal Q2 2022, achieving a 45% increase in total net sales to $111.1 million year-over-year, with organic sales up 19%. Net income rose by 41% to $3.1 million, or $0.11 per diluted share. Adjusted net income also surged 67% to $4.2 million, representing $0.15 per diluted share. The company’s robust performance is attributed to the recovery in non-residential construction and the JSI Store Fixtures acquisition. A regular cash dividend of $0.05 per share is set for February 15, 2022.

LSI Industries (NASDAQ: LYTS) announced a significant $17 million order from a major supermarket chain for the manufacture of refrigerated display fixtures through its subsidiary, JSI Store Fixtures. This order, which will be fulfilled in the second half of fiscal 2022, reflects LSI's commitment to energy-efficient and custom solutions designed to enhance customer experience. JSI, recognized for its quality and domestic manufacturing, was acquired by LSI in May 2021, positioning LSI to leverage ongoing investments in display solutions in the grocery sector.