Welcome to our dedicated page for LSI Industries news (Ticker: LYTS), a resource for investors and traders seeking the latest updates and insights on LSI Industries stock.
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 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.
LSI Industries Inc. (NASDAQ: LYTS) will release its second quarter fiscal 2022 results on January 27, 2022, before the market opens. A conference call is scheduled for the same day at 11:00 a.m. ET, where financial results will be reviewed, and a Q&A session will follow. Interested parties can access the webcast and presentation materials through the Investor Relations section of LSI's website. The company specializes in commercial lighting and display solutions, employing around 1,400 people across 11 manufacturing plants in the U.S. and Canada.
LSI Industries (NASDAQ: LYTS) announced the launch of turnkey solar installations for petroleum fueling stations, starting with a project in Austin, Texas. This initiative features LG solar panels expected to generate over 170,000 kWh of energy annually, cutting energy consumption by 18%. The project reflects LSI's commitment to green innovation and energy efficiency. CEO James A. Clark emphasized the importance of reducing carbon footprints and operating costs for customers, showcasing LSI's focus on eco-friendly solutions in the clean energy market.
LSI Industries (NASDAQ: LYTS) reported a strong fiscal Q1 2022 with net sales reaching $106.4 million, up 52% year-over-year. Organic net sales rose 19%. The company achieved a net income of $3.1 million, a 57% increase, and adjusted EPS was $0.13. Adjusted EBITDA grew 59% to $7.6 million. The growth was driven by strong demand in Lighting and Display Solutions, including contributions from the JSI acquisition made in May 2021. Despite supply chain challenges, LSI increased inventory to meet customer demand.
LSI Industries (NASDAQ: LYTS) will release its first quarter fiscal 2022 results on November 3, 2021, before the market opens. A conference call to discuss these results is scheduled for the same day at 11:00 a.m. ET, where recent events will also be covered. Interested parties can join via teleconference or access the webcast through the Investor Relations section of the LSI website. The company specializes in commercial lighting and display solutions, employing around 1,400 people across 11 manufacturing plants in the U.S. and Canada.
LSI Industries (NASDAQ: LYTS) reported strong fourth quarter and fiscal year 2021 results, with net sales increasing by 53% in Q4 and 3% for the year, totaling $316 million. The net income for Q4 was $0.2 million, while full-year net income decreased to $5.9 million from $9.6 million in the previous year. Adjusted EPS rose to $0.12 in Q4 and $0.36 for the year, up from $0.07 and $0.15 respectively. The company also declared a cash dividend of $0.05 per share. Notably, the acquisition of JSI Store Fixtures boosted growth, particularly in the Display Solutions segment.
LSI Industries Inc. (NASDAQ: LYTS), a leader in commercial lighting and graphics solutions, announced that its executive team will attend the Canaccord Genuity Annual Growth Conference on August 12, 2021. Executive members will engage in virtual one-on-one meetings with institutional investors during the event. LSI will also share its latest conference materials on its Investor Relations webpage after market close on August 11, 2021. Headquartered in Cincinnati, LSI employs about 1,400 people across 11 manufacturing plants in the U.S. and Canada.
LSI Industries Inc. (LYTS) will announce its fourth quarter and full-year fiscal 2021 results on August 19, 2021, before market opens. The company will hold a conference call at 11:00 a.m. ET to discuss financial outcomes and recent events. Investors can access a live webcast and call-in details via LSI's Investor Relations webpage. A replay will be available from August 19 to September 2, 2021. LSI Industries specializes in commercial lighting and graphics solutions, with a focus on high-performance lighting systems and retail display technologies.
On May 25, 2021, LSI Industries (NASDAQ: LYTS) announced the grant of inducement awards, comprising 146,029 performance stock unit (PSU) awards and 36,506 restricted stock unit (RSU) awards to six new employees from JSI Holding Corp. This decision follows LSI’s acquisition of JSI on May 24, 2021. The PSUs will vest in three years, contingent on achieving cumulative EBITDA and revenue targets, while the RSUs will cliff vest after three years. The awards comply with Nasdaq's Listing Rule 5635(c)(4) and have been approved by LSI’s Compensation Committee.
FAQ
What is the current stock price of LSI Industries (LYTS)?
What is the market cap of LSI Industries (LYTS)?
What are the main business segments of LSI Industries?
What does the Lighting Segment of LSI Industries do?
What products are offered by the Display Solutions Segment?
Where are LSI Industries' products manufactured?
How does LSI Industries ensure product quality?
What markets does LSI Industries serve?
What services does LSI Industries provide for custom graphics rollout programs?
What is the mission of LSI Industries?
Where can I find more information about LSI Industries?
When was LSI Industries founded?
