LSI Industries Q1 FY2022 net sales $106.4M (+52% YoY); declares $0.05 dividend

LSI INDUSTRIES INC

2022-Q1 EPS reported $0.11 revenue$106,397,000

Net sales $106.4M (+52% YoY); organic growth +19%; quarterly sales exceed $100M for first time.
Net income $3.1M ($0.11 diluted EPS); adjusted net income $3.5M ($0.13 adjusted EPS).
Adjusted EBITDA $7.6M (+59% YoY); net debt/adj EBITDA ratio 2.5x.
Lighting segment sales +13%; Display Solutions sales $55.1M (+124%) including JSI acquisition.
Declared quarterly cash dividend $0.05/share payable Nov 23, 2021 to holders of record Nov 15.

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