Earnings ·
LSI Industries reports Q1 net sales of $225.9M, up 44% y/y, and declares $0.05 quarterly dividend
LYTSLsi Industries Inc
LSI Industries reported fiscal first quarter net sales of $225.9 million, a 44% increase year-over-year driven by the March 2026 acquisition of Royston Group. Net income was $7.1 million ($0.19 diluted EPS), while adjusted net income rose to $11.6 million ($0.31 adjusted diluted EPS). Adjusted EBITDA increased 41% to $22.2 million, and free cash flow reached $13.8 million. The company reduced total net debt by $14.3 million, bringing the net debt to proforma TTM Adjusted EBITDA ratio to 2.6x. Additionally, the Board declared a regular quarterly cash dividend of $0.05 per share, payable on November 24, 2026, to shareholders of record as of November 16, 2026. LSI Industries is a leading U.S.-based manufacturer of commercial lighting and display solutions for retail and convenience store markets.