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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 (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.
LSI Industries (NASDAQ: LYTS) will present virtually at H.C. Wainwright & Company's 22nd Annual Global Investment Conference on September 14, 2020. CEO Jim Clark and CFO Jim Galeese will discuss the company's growth strategy, which focuses on vertical market expansion, enhancing customer engagement, and increasing its services and inorganic growth. Additionally, they will hold one-on-one meetings with investors. With approximately 1,200 employees and seven manufacturing plants in the U.S., LSI specializes in high-performance lighting solutions for various sectors, including automotive and retail.
LSI Industries (LYTS) reported a fourth-quarter net income of $1.5 million, up from $0.9 million last year, with an EPS of $0.06 compared to $0.03. The fiscal year 2020 net income rose to $9.6 million, reversing a loss of $16.3 million in the previous year, reflecting strong operational changes despite pandemic impacts. Free cash flow for the quarter stood at $11.5 million, leading to zero long-term debt by June 30, 2020. The company also announced a regular cash dividend of $0.05 per share, payable September 8, 2020. Management emphasized a focus on profitable growth and efficiency improvements.
LSI Industries (NASDAQ: LYTS) plans to release its fourth quarter and full-year fiscal 2020 results on August 20, 2020, before the market opens. A conference call is scheduled for the same day at 11:00 a.m. ET for discussing the financial results and engaging in a Q&A session. Interested parties can access the call via teleconference or webcast. A replay will be available from August 20 to September 3, 2020. LSI Industries, based in Blue Ash, Ohio, specializes in high-performance lighting solutions.
LSI Industries (NASDAQ: LYTS) has received Samsung’s Smart Signage Award for Food & Beverage Installation of the Year, recognizing its innovative digital signage solutions for quick service restaurants (QSRs). The award highlights LSI’s commitment to understanding customer needs. In April 2020, LSI announced a significant contract worth over $100 million with a major QSR chain for digital menu boards to be installed in over 6,000 locations by year-end 2022. The award was presented during Samsung’s virtual Back to Business event.
LSI Industries (NASDAQ: LYTS) announced the election of Chantel Lenard to its Board of Directors, effective June 17, 2020. Lenard, with over 25 years at Ford Motor Company, brings significant marketing expertise and will serve on the Audit and Compensation Committees. Concurrently, John Morgan will not seek re-election at the November 2020 Annual Shareholders Meeting after serving since 2016. The company emphasizes that both leadership changes aim to enhance strategic oversight and operational insights.
On June 1, 2020, LSI Industries (LYTS) granted Jonathon Towner, the new Vice President and Chief Information Officer, an inducement stock option to purchase 30,000 shares. The option has a ten-year term with an exercise price of $6.42 per share, matching the closing price on the grant date. This grant complies with NASDAQ Listing Rule 5635(c)(4) and is part of Towner's employment initiation. LSI operates as a leading manufacturer of lighting and graphics solutions in the U.S., employing roughly 1,200 personnel across its seven manufacturing plants.
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