LSI Q3 net sales $110.1M (+53% YoY), adj. EPS $0.15, $15M share repurchase authorized

LSI INDUSTRIES INC

2022-Q3 EPS reported $0.35 revenue$110,111,000

Net sales $110.1M (+53% YoY); organic growth 12%; Lighting +25%, Display Solutions +100%.
Net income $3.6M ($0.13 diluted), Adjusted net income $4.2M ($0.15 diluted), Adjusted EBITDA $8.5M (+92%).
Board authorized $15M share repurchase over 5 years; quarterly dividend $0.05/share payable May 17, record May 9.
Order backlog increased sequentially; book-to-bill >1.0; new wins with national QSR and grocery retailers.

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