LSI Industries Q2 FY2023 net sales +16% to $128.8M, net income +107% to $6.4M, declares $0.05 dividend

LSI INDUSTRIES INC

2023-Q2 EPS reported $0.44 revenue$128,804,000

Net sales $128.8M (+16% y/y); net income $6.4M ($0.22 diluted EPS) vs $3.1M ($0.11) a year ago.
Adjusted EBITDA $13.0M (10.1% of sales) +54% y/y; adjusted EPS $0.26 vs $0.15.
Free cash flow $8.9M in Q2; net debt reduced to $60.1M, leverage 1.3x TTM Adj. EBITDA.
Lighting segment sales +17% y/y with indoor sales +32%; Display Solutions sales +15% with gross margin +620 bps.
Declared quarterly cash dividend $0.05/share, payable Feb 14, 2023 to holders of record Feb 6, 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LSI INDUSTRIES INC reported Fiscal 2023 Second Quarter ended December 31, 2022 results: revenue $128.8 million, net income $6.4 million, EPS $0.22.

Period: Fiscal 2023 Second Quarter ended December 31, 2022
Revenue: $128.8 million
Net income: $6.4 million
EPS: $0.22
Result: reported results

Exact text from the filing

Net Sales +16% y/y to $128.8 million ● Net Income +107% y/y to $6.4 million; Adjusted Net Income of $7.6 million ● Diluted EPS of $0.22; Adjusted EPS of $0.26

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Source: SEC EDGAR

accession 0001437749-23-001823

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