Market News AIOpen the app

LSI Industries shared its earnings call, showing a 44% rise in sales to $226 million last quarter.

ResultsRead the original at Benzinga
Good for LYTS

LSI Industries grew sales and adjusted EBITDA, and cut net debt by $14 million. Lighting sales fell 6% on weaker demand, but stronger results, cash generation, and planned savings make the quarter favorable overall.

LYTS · LSI Industries

AI read · Good for LYTS

The AI's read

Royston is contributing more sales and a better profit margin as LSI brings its operations together. LSI also produced nearly $14 million in free cash and cut net debt by $14 million. Lighting sales fell 6% because demand weakened, and quick-service restaurant sales remain challenging. Those setbacks are outweighed by improved results and a plan to save over $1 million each year.

Get alerts for LYTS

Follow LSI Industries (LYTS) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for LYTS
Free on the App Store and Google Play, or on the web.