LSI Industries Q1 FY2023 sales $127M (+19% YoY), net income doubles, adj. EBITDA margin 10.5%

LSI INDUSTRIES INC

2022-Q1 EPS reported $0.22 revenue$127,069,000

Net sales $127.1M (+19% YoY); net income $6.3M (+100% YoY); diluted EPS $0.22; adjusted EPS $0.25.
Adjusted EBITDA $13.3M (10.5% of sales), highest margin in over ten years.
Free cash flow $10.1M; net debt leverage improved to 1.7x, lowest in nearly two years.
Lighting segment sales +30%, operating income +109%; Display segment gross margin +450 bps, op income +70%.
Declared quarterly cash dividend $0.05/share, payable Nov 22, record Nov 14, 2022.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LSI INDUSTRIES INC reported fiscal 2023 first quarter results: revenue $127.1 million, net income $6.3 million, EPS $0.22 per diluted share.

Period: fiscal 2023 first quarter
Revenue: $127.1 million
Net income: $6.3 million
EPS: $0.22 per diluted share
Result: reported results

Exact text from the filing

The Company reported fiscal first quarter net sales of $127.1 million, an increase of 19% versus the prior-year period. Reported net income was $6.3 million, or $0.22 per diluted share, versus $3.1 million, or $0.11 per diluted share in the prior-year period.

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Source: SEC EDGAR

accession 0001437749-22-025461

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