secwatch.observer — SEC 8-K summary
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Issuer:     LSI INDUSTRIES INC (LYTS)
CIK:        0000763532
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001437749-23-001823
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763532/000143774923001823/0001437749-23-001823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763532/000143774923001823/lyts20230123_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-001823

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