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Overview
LSI Industries Inc Ohio (LYTS) is a comprehensive, vertically integrated manufacturer with deep expertise in delivering innovative corporate visual image solutions. Formed in 1976, the company has built its reputation on core values of leadership, strength, and innovation. Through the integration of vertical integration, solid-state technology, and advanced design methodologies, LSI Industries Inc consistently produces energy efficient and high-performance lighting, as well as cutting-edge display solutions.
Core Business Areas
Operating through two main segments, Lighting and Display Solutions, the company serves an array of markets including commercial, industrial, multi-site retail, and specifically the petroleum and convenience store sectors. The Lighting segment focuses on the manufacturing and distribution of both outdoor and indoor lighting systems, along with sophisticated lighting controls targeted at delivering reliable and cost-effective illumination. Meanwhile, the Display Solutions segment is dedicated to the production, sale, and installation of specialty visual image products including printed and structural graphics, digital signage, menu board systems, and custom display elements that enhance customer engagement in retail environments.
Manufacturing Excellence
LSI Industries Inc is renowned for its commitment to manufacturing excellence. By maintaining full control over the design, engineering, production, and assembly processes within its US-based facilities, the company minimizes potential supply chain disruptions and ensures that every product adheres to stringent quality standards. This level of control is critical in complex sectors where product reliability and longevity are paramount. The careful integration of manufacturing stages under one roof also enables rapid innovation and adaptation to market demands.
Product Offerings and Integrated Solutions
The company offers an extensive range of products that meet the diverse needs of its clientele. Its lighting offerings cater to various applications, providing solutions that not only illuminate commercial and industrial spaces but also enhance energy efficiency. In its Display Solutions division, LSI Industries Inc delivers bespoke visual communication products that help players transform their customer environments. Customers benefit from a one-stop solution that encompasses everything from product design and engineering to installation and post-installation support.
Design and Engineering Capabilities
An integral component of the business model is the company’s robust design and engineering capability. With expert teams focused on innovation and practical application, LSI Industries Inc is well-positioned to support custom project rollouts. Their ability to provide tailored design support and comprehensive project management services ensures that both lighting and display systems are perfectly suited to their intended operational environment. This professional approach not only meets today’s market needs but also adapts to evolving trends in commercial visual communications and retail experience optimization.
Quality and Operational Integrity
Quality assurance is embedded in every aspect of LSI Industries Inc’s operations. Through rigorous internal testing and continuous process improvement, the company ensures that its products meet high standards of performance and durability. The operational integrity sustained by its vertically integrated model fosters trust and reliability among its customers, making it a preferred choice for stakeholders seeking dependable, high-quality solutions.
Industry Impact and Competitive Landscape
The company’s strategic positioning within the lighting and display sectors underscores its importance in the broader commercial landscape. LSI Industries Inc differentiates itself through its integrated approach which brings together design, engineering, and manufacturing under one roof. This operational model not only streamlines production but also facilitates rapid response to market changes. In the competitive fields of commercial lighting and visual display solutions, the company is recognized for its consistent quality and innovative problem solving, positioning it favorably among competitors without resorting to unfounded claims.
Commitment to Innovation
Innovation remains at the heart of LSI Industries Inc’s business strategy. The company continues to push the boundaries of what is possible in lighting and display technology, continually evolving its product lines to match the dynamic needs of its varied customer base. By investing in advanced research and development, LSI Industries Inc ensures its product offerings are both high performance and energy efficient, contributing to broader industry advancements without relying on time-sensitive market promises.
Conclusion
LSI Industries Inc Ohio (LYTS) offers a well-rounded portfolio that addresses the ever-changing demands of the commercial, industrial, and retail spaces. Its commitment to innovation, quality, and integrated manufacturing sets it apart as a knowledgeable and reliable contributor in the fields of lighting and display solutions. Through a combination of technical expertise and rigorous process discipline, the company provides enduring value, making its operations a significant case study in the integration of design and manufacturing excellence.
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.
LSI Industries (LYTS) has acquired JSI Store Fixtures for $90 million in cash, strengthening its position in the grocery, convenience, and specialty store vertical markets.
This acquisition is expected to drive revenue growth and margin expansion, with immediate adjusted EPS accretion. JSI, a leader in retail display solutions, complements LSI’s existing portfolio, enhancing cross-selling opportunities. The partnership aims to capture the growing demand for retail fixtures, projecting a pro-forma sales target of $500 million and $50 million in Annual Adjusted EBITDA by fiscal 2025.
LSI Industries Inc. (NASDAQ: LYTS) reported its fiscal Q3 2021 results, showcasing net sales of $72.2 million, a 2% increase from the previous year. The company achieved net income of $1.5 million (EPS of $0.05), down from $1.9 million in Q3 2020 due to a previous gain. Adjusted EBITDA rose to $4.4 million, reflective of a $2.8 million year-over-year improvement. Free cash flow surged to $10.6 million. The company enhanced its credit facility, and a cash dividend of $0.05 per share was declared.
LSI Industries (LYTS) will announce its Q3 fiscal 2021 results on April 22, 2021, before the market opens. A conference call is scheduled for 11:00 a.m. ET on the same day to discuss financial results and recent events. Investors can access the webcast on the company's Investor Relations page. LSI Industries specializes in manufacturing lighting and graphics solutions, serving various sectors including automotive and retail. The company employs approximately 1,100 people across its seven U.S. manufacturing plants.
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.
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