---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-025461"
form_type: "8-K"
ticker: "LYTS"
cik: "0000763532"
company_name: "LSI INDUSTRIES INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T16:01:36.392154+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-025461
- form_type: 8-K
- ticker: LYTS
- cik: 0000763532
- company_name: LSI INDUSTRIES INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763532/000143774922025461/0001437749-22-025461-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763532/000143774922025461/lyts20221028_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-025461
- JSON: https://secwatch.observer/filing/0001437749-22-025461.json
- Plain text: https://secwatch.observer/filing/0001437749-22-025461.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/763532/000143774922025461/0001437749-22-025461-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.