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Lsi Industries (LYTS)
NASDAQ:LYTS
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.2Last Year’s EPS
0.2Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted meaningful operational and financial progress: strong free cash flow, debt reduction, margin expansion, and continued momentum in the Lighting segment along with improving order trends and backlog in Display Solutions. Challenges remain on the top line (consolidated revenue flat year-over-year) due to tough prior-year comps and some softness/uncertainty in the QSR vertical and seasonally weak Q3 visibility. Management emphasized integration progress, cross-selling opportunities, and balance sheet optionality for M&A, supporting a constructive outlook.Company Guidance
Consolidated Revenue Stable
Revenue of $147.0 million in Q2 was essentially flat year-over-year (0% change), meeting management expectations despite difficult prior-year comparisons.
Strong Free Cash Flow and Balance Sheet Improvement
Free cash flow was $23.0 million for the quarter; management used cash to reduce total debt by $22.7 million, ending the quarter with a net leverage ratio of 0.4x and approximately $100 million of cash and availability under the amended financing facility.
Profitability Expansion
Adjusted EBITDA increased year-over-year to $13.4 million and adjusted EPS was $0.26; management noted adjusted net income and EBITDA were modestly above prior year and double-digit above fiscal 2024.
Lighting Segment Momentum
Lighting sales grew 15% year-over-year (third consecutive quarter of double-digit growth); adjusted operating income increased 29% and adjusted gross margin improved ~190 basis points versus prior year. Lighting orders were up ~10% year-over-year with a book-to-bill above one.
Orders, Backlog and Execution Improving in Display Solutions
Despite slightly lower revenue versus a very strong prior year, Display Solutions saw sequential order improvement, year-over-year order growth and an improved backlog entering Q3; grocery orders increased double-digits year-over-year with a grocery book-to-bill of 1.2.
M&A Integration Progress
Integration of recent acquisitions (EMI, JSI, Canada’s Best) is progressing; EMI has seen greater than ~200 basis points of margin improvement and management expects further margin gains toward a ~10.5% target over the next year.
Strategic Customer Engagement and Market Opportunities
Management reported healthy customer engagement, growing cross-selling opportunities (including traction in casual dining, premium food services, Mexico and banking pipeline), and belief in secular growth across key verticals with expectation to grow above the market.
LYTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LYTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 22, 2026 | $20.33 | $23.20 | +14.09% |
Nov 06, 2025 | $22.88 | $20.55 | -10.18% |
Aug 21, 2025 | $19.16 | $20.25 | +5.70% |
Apr 24, 2025 | $15.65 | $14.56 | -6.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lsi Industries (LYTS) report earnings?
Lsi Industries (LYTS) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Lsi Industries (LYTS) earnings time?
Lsi Industries (LYTS) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LYTS EPS forecast?
LYTS EPS forecast for the fiscal quarter 2026 (Q3) is 0.2.