Logo

LYTS

LSI Industries Inc.

LYTS

LSI Industries Inc. • NASDAQ
$18.29 ▼ -0.05% (-0.01)
Market Cap $550.85 M
52w High $25.50
52w Low $13.77
Dividend Yield 0.20%
P/E 22.86
Volume 52.58K
Outstanding Shares 30.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $157.249M ▲ $29.305M ▲ $7.264M ▼ 4.619% ▼ $0.24 ▼ $13.642M ▼
Q4-2025 $155.067M ▲ $28.485M ▲ $8.171M ▲ 5.269% ▲ $0.27 ▲ $16.197M ▲
Q3-2025 $132.481M ▼ $26.608M ▲ $3.883M ▼ 2.931% ▼ $0.13 ▼ $9.319M ▼
Q2-2025 $147.734M ▲ $26.402M ▲ $5.647M ▼ 3.822% ▼ $0.19 ▼ $11.095M ▼
Q1-2025 $138.095M $24.516M $6.682M 4.839% $0.23 $12.132M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $7.143M ▲ $404.873M ▲ $163.547M ▼ $241.326M ▲
Q4-2025 $3.457M ▼ $396.362M ▲ $165.64M ▲ $230.722M ▲
Q3-2025 $4.301M ▼ $384.565M ▲ $162.852M ▲ $221.713M ▲
Q2-2025 $4.712M ▼ $344.545M ▼ $127.43M ▼ $217.115M ▲
Q1-2025 $6.969M $349.502M $138.319M $211.183M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $7.264M ▼ $676K ▼ $-707K ▲ $3.914M ▲ $3.686M ▲ $-291K ▼
Q4-2025 $8.171M ▲ $9.499M ▲ $-2.646M ▲ $-8.219M ▼ $-844K ▼ $8.549M ▲
Q3-2025 $3.883M ▼ $6.882M ▼ $-23.483M ▼ $15.928M ▲ $-411K ▲ $6.192M ▼
Q2-2025 $5.647M ▼ $9.891M ▼ $-1.02M ▼ $-11.08M ▼ $-2.257M ▼ $8.825M ▼
Q1-2025 $6.682M $11.846M $-818K $-8.06M $2.859M $11.087M

Revenue by Products

Product Q2-2022Q3-2025Q4-2025Q1-2026
Display Solutions Segment
Display Solutions Segment
 $10.00M ▲$70.00M ▲$250.00M ▲$90.00M ▼
Lighting Segment
Lighting Segment
 $0 ▲$60.00M ▲$190.00M ▲$70.00M ▼

Five-Year Company Overview

Income Statement

Income Statement LSI has grown its sales steadily over the past five years, showing that demand for its lighting and display solutions is moving in the right direction. Profitability has improved from almost breakeven operating results to solid, repeatable profits. However, in the most recent years, earnings per share have flattened or dipped slightly even as revenue kept rising, which suggests some margin pressure or higher costs. Overall, the income statement shows a business that has successfully scaled up but now needs to protect and expand its margins as it grows further.

Balance Sheet

Balance Sheet The balance sheet has become stronger over time, with total assets and shareholder equity both trending upward. Debt has moved around but remains relatively moderate compared with the company’s equity base, indicating a measured use of leverage. Reported cash levels look very low, which could mean the company relies more on credit facilities and internal cash generation than on holding large cash balances. In general, the financial foundation appears sound, but the limited cash cushion makes ongoing access to financing and healthy cash flow especially important.

Cash Flow

Cash Flow LSI has consistently generated positive cash from its operations in most recent years, which supports the idea that earnings quality is reasonably good. Free cash flow has generally been positive as well, with only a brief dip when investment needs temporarily outweighed cash generation. Capital spending appears modest, suggesting the business is not extremely capital intensive and can fund growth without heavy strain. Overall, cash flow patterns point to a company that can largely finance itself, as long as operating performance remains stable.

Competitive Edge

Competitive Edge LSI has carved out a niche as an integrated provider of lighting, signage, and display solutions, rather than just a commodity lighting maker. Its vertical integration—especially in electronics and controls—helps with quality, customization, and speed, and its focus on specific end markets like grocery, convenience stores, and quick-service restaurants deepens customer relationships. Strategic acquisitions in fixtures and displays have broadened its offering, making it closer to a one-stop shop for store environments. The main risks are intense competition from larger global players, sensitivity to construction and remodeling cycles, and the need to keep proving value to large retail and food-service customers that can be price-sensitive.

Innovation and R&D

Innovation and R&D Innovation at LSI is very applied and customer-focused, centering on smart LED lighting, digital signage, and integrated store solutions. In-house electronics design through ADL Technology allows LSI to embed controls and connectivity into products and to tailor solutions more quickly. Partnerships, such as those for advanced digital signage, plus the company’s own content management software, move LSI up the value chain from hardware into software and services. The “Fast Forward” plan emphasizes a steady stream of new products and better use of acquired technologies; the key uncertainty is how effectively LSI can sustain this pace of innovation while integrating multiple businesses.

Summary

LSI looks like a maturing growth story: sales and profits have improved meaningfully over several years, while the balance sheet and cash generation have become stronger and more resilient. The company has repositioned itself from a traditional lighting manufacturer to an integrated solutions provider with capabilities in lighting, displays, fixtures, and digital content. Its main strengths are vertical integration, deep presence in targeted retail and food-related markets, and a growing portfolio of smart and digital products. Key watch points are margin sustainability, execution on acquisitions and cross-selling, continued innovation, and the health of end markets such as grocery, convenience, and quick-service restaurants. Overall, the picture is of a focused, evolving industrial-technology business with solid fundamentals and execution risks typical of a multi-year transformation plan.

NEWS

November 6, 2025 · 7:00 AM UTC

LSI Industries Reports Fiscal 2026 First Quarter Results and Declares Quarterly Cash Dividend

Read more

October 16, 2025 · 4:30 PM UTC

LSI Industries Announces Fiscal 2026 First Quarter Results Conference Call Date

Read more