Lsi Industries Inc. ( (LYTS) ) has released its Q1 earnings. Here is a breakdown of the information Lsi Industries Inc. presented to its investors.
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LSI Industries Inc., headquartered in Cincinnati, is a prominent U.S.-based manufacturer specializing in commercial lighting and display solutions, known for its innovative approach and American-made products.
For the first quarter of fiscal 2025, LSI Industries reported a 12% year-over-year increase in net sales, reaching $138.1 million, supported by strong performance in its Display Solutions segment. The company also declared a quarterly cash dividend, maintaining its commitment to providing shareholder value.
Key financial highlights include a net income of $6.7 million and an adjusted EBITDA of $13.4 million. The company achieved a free cash flow of $11.1 million, driven by effective working capital management. Notably, the acquisition of EMI contributed significantly to revenue, with grocery vertical orders rising by 90% year-over-year, reflecting a robust demand.
Despite a decline in the Lighting segment’s sales due to reduced large project activity, the introduction of new products like the V-LOCITY series aims to bolster future growth. Management remains optimistic about continued positive business momentum, particularly in the Display Solutions segment, as demand in the grocery vertical strengthens.
Looking ahead, LSI Industries anticipates favorable developments in the second half of fiscal 2025, leveraging its strong market positions and strategic acquisitions to drive both organic and inorganic growth, supported by a durable operational model and stable input costs.
