Strong Q1 Performance
LSI Industries reported Q1 sales of $157 million, representing a 14% increase compared to the previous year, with organic sales increasing by 7%. Adjusted EBITDA was $15.7 million, and EBITDA margin was 10%.
Double-Digit Growth in Lighting and Display Solutions
The Lighting segment saw an 18% increase in sales, while Display Solutions recorded an 11% increase. Both segments contributed to the overall strong performance.
Successful Investor Outreach and Market Positioning
LSI expanded engagement with the investment community and clarified its position as a provider of integrated solutions beyond just lighting, including refrigeration, print, and digital menu boards.
Integration Success
The integration of EMI and Canada's Best Store Fixtures exceeded expectations, with Canada's Best delivering one of their strongest quarters.
Operational Efficiency
The company improved its adjusted earnings per share by 19% compared to the prior year quarter, despite challenges such as tariffs and material cost fluctuations.