---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-001823"
form_type: "8-K"
ticker: "LYTS"
cik: "0000763532"
company_name: "LSI INDUSTRIES INC"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:47:56.744910+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-001823
- form_type: 8-K
- ticker: LYTS
- cik: 0000763532
- company_name: LSI INDUSTRIES INC
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763532/000143774923001823/0001437749-23-001823-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763532/000143774923001823/lyts20230123_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-001823
- JSON: https://secwatch.observer/filing/0001437749-23-001823.json
- Plain text: https://secwatch.observer/filing/0001437749-23-001823.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/763532/000143774923001823/0001437749-23-001823-index.htm

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