LSI Industries Inc
NASDAQ:LYTS
LSI Industries Inc
LSI Industries, Inc. engages in the provision a variety of lighting solutions. The company is headquartered in Cincinnati, Ohio and currently employs 1,335 full-time employees. The firm operates through two segments: Lighting and Graphics. The Lighting Segment manufactures, markets, and sells outdoor and indoor lighting solutions to petroleum/convenience markets, parking lot and garage markets, quick-service restaurant market, grocery and pharmacy store markets, the automotive market, and national retail accounts. The Graphics Segment manufactures, sells and installs exterior and interior visual image elements such as traditional print graphics, interior branding, electrical and architectural signage, active digital signage along with the management of media content related to digital signage, and menu board systems that are either digital or print by design.
LSI Industries, Inc. engages in the provision a variety of lighting solutions. The company is headquartered in Cincinnati, Ohio and currently employs 1,335 full-time employees. The firm operates through two segments: Lighting and Graphics. The Lighting Segment manufactures, markets, and sells outdoor and indoor lighting solutions to petroleum/convenience markets, parking lot and garage markets, quick-service restaurant market, grocery and pharmacy store markets, the automotive market, and national retail accounts. The Graphics Segment manufactures, sells and installs exterior and interior visual image elements such as traditional print graphics, interior branding, electrical and architectural signage, active digital signage along with the management of media content related to digital signage, and menu board systems that are either digital or print by design.
Revenue: Revenue for the quarter was $147 million, essentially flat year-over-year and in line with expectations, despite tough comparisons from last year's event-driven demand.
Profitability: Adjusted EBITDA rose to $13.4 million and free cash flow was strong at $23 million, both improving over the prior year.
Lighting Segment: Lighting sales grew 15% year-over-year, marking the third consecutive quarter of double-digit growth and meaningful margin expansion.
Display Solutions: Display Solutions saw a slight year-over-year revenue decline due to last year's surge but had improved orders and backlog, with sequential and year-over-year order increases.
Order Trends: Lighting and Display Solutions both reported higher orders and book-to-bill ratios above 1, pointing to ongoing momentum into the second half.
Cash & Leverage: Strong cash generation reduced net leverage to 0.4, giving the company flexibility for investments and acquisitions.
Outlook: Management expects continued above-market growth, supported by strong order trends, backlog, and sector tailwinds.
M&A & Integration: Continued progress on integrating acquisitions (EMI, JSI, Canada’s Best), with focus on operational improvements and cross-selling opportunities.
