LSI Industries Q2 FY2022 net sales +45% to $111.1M; adj. EPS $0.15; declares $0.05 dividend

LSI INDUSTRIES INC

2022-Q2 EPS reported $0.22 revenue$111,143,000

Net sales $111.1M (+45% y/y); organic sales +19%; Lighting +27%, Display Solutions +72%.
Net income $3.1M ($0.11 diluted EPS); adjusted net income $4.2M ($0.15 diluted EPS).
Adjusted EBITDA rose 65% to $8.4M; adjusted operating income +90% to $5.9M.
Declared quarterly cash dividend of $0.05/share, payable Feb 15, 2022 to holders of record Feb 7.
JSI awarded $17M order from a major grocery retailer for ~2,500 refrigerated display units.

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