LSI Industries Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2023
August 17, 2023 at 07:00 am EDT
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LSI Industries Inc. reported earnings results for the fourth quarter and full year ended June 30, 2023. For the fourth quarter, the company reported sales was USD 123.64 million compared to USD 127.47 million a year ago. Net income was USD 8.42 million compared to USD 5.18 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.18 a year ago.
For the full year, sales was USD 496.98 million compared to USD 455.12 million a year ago. Net income was USD 25.76 million compared to USD 15.03 million a year ago. Basic earnings per share from continuing operations was USD 0.92 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.88 compared to USD 0.54 a year ago.
LSI Industries Inc. is a producer of non-residential lighting and retail display solutions. It operates through two segments: Lighting and Display Solutions. Its Lighting Segment manufactures, markets, and sells outdoor and indoor lighting fixture and controls solutions in the commercial and industrial markets, including refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse. The Company services these markets through multiple channels: project business sold through electrical distributors and agents, standard products sold to and stocked by distributors, and direct to end-use customers. Its Display Solutions Segment manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, store display fixtures, refrigerated displays, and custom display elements.
LSI INDUSTRIES INC. 
