LSI Industries Inc - LYTS STOCK NEWS

LSI Industries (NASDAQ: LYTS) announced its participation in the Sidoti Virtual Investor Conference on March 25, 2021. The executive management team will be available for virtual one-on-one meetings with institutional investors during the event. LSI plans to release its latest conference presentation materials on its investor relations website after market close on March 24, 2021. Headquartered in Blue Ash, Ohio, LSI is a leading manufacturer of indoor and outdoor lighting solutions, serving various industries including automotive and retail.

LSI Industries Inc. (NASDAQ: LYTS), a top U.S. manufacturer of lighting and graphics solutions, will participate in the 33rd Annual Roth Conference from March 15-17, 2021. LSI executives will be available for virtual one-on-one meetings with institutional investors at the event. The company, headquartered in Blue Ash, Ohio, emphasizes high-quality, American-made products, and serves various sectors including automotive, retail, and healthcare with innovative lighting solutions. More details about LSI can be found on their website.

LSI Industries (NASDAQ: LYTS) has nearly completed a multimillion-dollar contactless payment project for ExxonMobil, enhancing payment options at over 11,500 stations in North America. This project includes the implementation of NFC technology that supports Apple Pay, Google Pay, and the ExxonMobil Rewards+ app. LSI is recognized for its capability in managing complex, multi-location projects. The initiative reflects the growing consumer demand for contactless payments, providing secure transaction methods for ExxonMobil customers. Follow-up activities will continue through February 2021.

LSI Industries announced its fiscal Q2 2021 results, showing a net income of $2.2 million, a 27% increase from the previous year. Adjusted net income rose 47% to $2.5 million, with EPS at $0.08 compared to $0.07 last year. EBITDA reached $4.7 million, up 20% year-over-year, while free cash flow stood at $5.3 million. The company, which has no long-term debt, remains optimistic about future growth, particularly in its Graphics segment, despite ongoing pandemic-related challenges.

LSI Industries (NASDAQ: LYTS) announced a new business award worth up to $20 million from a major quick service restaurant customer, expanding upon a previously announced $100 million agreement. This includes providing interior digital signage at over 6,000 locations throughout North America. The project implementation is ongoing, with expectations for acceleration in the current fiscal year. CEO Jim Clark emphasized LSI's capability to deliver complex solutions, reflecting the strong trust placed in the company by its customer.

LSI Industries (LYTS) announced it will release its second quarter fiscal 2021 results on January 21, 2021, before market opening. A conference call will follow at 11:00 a.m. ET to discuss financial results and recent developments. The call can be accessed via dial-in or webcast through the company's Investor Relations website. A replay of the call will be available until February 4, 2021. The company, based in Blue Ash, Ohio, is a major provider of lighting solutions and graphics, and employs about 1,100 individuals across seven manufacturing plants.

LSI Industries (NASDAQ: LYTS) has partnered with USA Pickleball as its official lighting partner. This collaboration aims to capitalize on the growing popularity of pickleball, which currently has over 3.3 million players in the U.S. and around 33,000 courts needing lighting upgrades. Jim Clark, President and CEO, emphasized the partnership aligns with LSI's growth strategy, focusing on market expansion and enhanced service offerings for pickleball facilities. The partnership is expected to boost LSI’s marketing reach and service capabilities in the segment.

LSI Industries (NASDAQ: LYTS) reported its fiscal first-quarter 2021 results, revealing a net income of $2.0 million or $0.07 per diluted share, down from $4.5 million or $0.17 per share year-over-year. The company improved adjusted net income to $2.1 million and generated free cash flow of $7.2 million, a 20% increase. Backlog increased by 10%, and gross margins expanded to 30.5%. LSI declared a $0.05 per share cash dividend, payable November 17, 2020. Management highlighted continued focus on business transformation and investment in commercial growth.

LSI Industries Inc. (NASDAQ: LYTS) announced it will release its first quarter fiscal 2021 results on October 29, 2020, before market opening. A conference call will follow at 11:00 a.m. ET, discussing the financial results and recent events. Investors can access a webcast and conference materials on the company’s website. LSI specializes in high-performance lighting and graphics solutions, serving various sectors including automotive and retail, with a workforce of approximately 1,100 employees across seven manufacturing plants.