LYTS
LSI Industries Inc.18.93
-0.40-2.07%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Casual dining, Mexico details emerge
Q&A drilled into Display momentum with steady refueling projects spanning 2026-2027, including mid-sized wins, and early traction in casual dining's bigger $250k-$1M site projects spurring cross-selling via EMI and JSI. Mexico's rebound from trade chaos hit second inning, boosted by deregulation. EMI margins rose 200bps toward 10.5%, Canada's Best eyes U.S. banking. M&A appetite persists below 3x leverage, picky on culture amid realistic PE multiples. Mexico's just warming up. Management fielded vertical queries optimistically, reaffirming growth conviction. Investors will track casual dining ramp and Mexico execution.
Key Stats
Market Cap
588.59MP/E (TTM)
23.66Basic EPS (TTM)
0.80Dividend Yield
0.01%Recent Filings
8-K
LSI closes $325M Royston buy
LSI Industries closed its $325M acquisition of Royston on March 24, 2026, paying $320M cash and $5M in stock at $22.07/share, funded partly by a new $350M PNC credit facility ($200M term loan, $150M revolver to 2031). Royston adds fixture, signage and display expertise, boosting LSI's integrated retail platform—yet integration risks loom. Deal accretive immediately.
8-K
Prices stock offering at $19.75
LSI Industries priced a public offering of 4,600,000 common shares at $19.75 each on February 26, 2026, expecting $98.1 million in net proceeds after fees; underwriters fully exercised their option for 690,000 more shares. Funds will fuel the Royston acquisition, repay PNC credit facility debt, and support working capital. Closing set for March 2. Integration risks loom large.
8-K
LSI buys Royston for $325M
LSI signed a $325M merger deal for Royston on February 20, 2026—$320M cash, $5M stock—aiming for Q3 2026 close pending HSR clearance. This scales retail branding with complementary fixtures and signage, boosting pro forma TTM revenue to $864M. Deal funds via $425M PNC facility; net leverage hits 3.0x at close. Integration risks loom large.
10-Q
Q2 FY2026 results
LSI Industries held Q2 FY2026 sales flat at $147M y/y while lifting operating income 5% to $8.9M, thanks to Lighting surging 15% y/y on big projects yet Display dipping 10% y/y amid grocery stabilization. Gross margins expanded across segments via pricing discipline; diluted EPS climbed to $0.20 (reconciles to 32M shares). Cash swelled to $6.4M on $25.7M YTD operating cash flow (FCF $23M derived), slashing debt to $27.9M with $104.6M revolver room under $125M facility expiring FY2031. Canada's Best added $6.3M Q2 sales, $0.4M operating income post-Mar 2025 close for $28.8M (cash/debt, $6.5M goodwill, customer relationships over 20 years). Competition shadows multi-year programs.
8-K
Q2 sales flat, cash surges
LSI Industries held Q2 fiscal 2026 sales flat at $147.0 million versus prior year, offsetting grocery disruptions with 15% Lighting segment growth to $66.7 million while Display Solutions dipped 10%. Adjusted EBITDA rose to $13.4 million (9.1% margin), fueled by productivity gains against cost inflation; free cash flow hit $23.3 million, slashing net debt to 0.4x TTM adjusted EBITDA. Balance sheet flexes for growth. Strong cash flow stands out.
IPO
Website
Employees
Sector
Industry
AYI
Acuity Inc.
357.34-3.73
CTS
CTS Corporation
44.52+0.39
DAKT
Daktronics, Inc.
19.20+0.09
LEDS
SemiLEDS Corporation
1.76+0.07
LFUS
Littelfuse, Inc.
253.15-7.40
LITE
Lumentum Holdings Inc.
316.15-18.54
LPL
LG Display Co, Ltd AMERICAN DEP
4.12-0.09
LPTH
LightPath Technologies, Inc.
7.33-0.16
OSIS
OSI Systems, Inc.
262.65+0.27
VPER
Viper Networks, Inc.
0.00-0.00