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Stock impact report

LSI Industries Reports Fiscal First Quarter 2022 Results and Declares Quarterly Cash Dividend

LSI Industries Inc. (LYTS) 
Last lsi industries inc. earnings: 4/23 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: lsiindustries.gcs-web.com/investor-overview
Company Research Source: GlobeNewswire
CINCINNATI, Nov. 03, 2021 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of indoor/outdoor lighting and display solutions, today announced results for the first quarter of fiscal year 2022. First Quarter 2022 Results Net sales of $106.4 million, growth of 52% versus prior yearOrganic net sales increased 19% versus prior yearNet income of $3.1 million; Adjusted net income $3.5 millionEPS of $0.11 per diluted share; Adjusted EPS of $0.13EBITDA of $7.0 million; Adjusted EBITDA of $7.6 millionSignificant year-over-year increase in Comparable Quote/Order/Backlog levels LSI reported strong year-over-year increases in both net sales and profitability for the fiscal first quarter, driven by a combination of organic growth in both its Lighting and Display Solutions segments, coupled with the first full quarter of financial contribution from the JSI Store Fixtures acquisition (“JSI”) completed in May, 2021 Show less Read more
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