LSI Industries Q3 FY2023 net sales up 7% to $117.5M; EPS $0.16; debt reduced

LSI INDUSTRIES INC

2023-Q3 EPS reported $0.60 revenue$117,470,000

Net income $4.7M ($0.16 diluted EPS) vs $3.6M ($0.13) a year ago; adjusted EPS $0.19.
Adjusted EBITDA $11.2M, up 32% YoY; margin 9.6%, +190 bps vs prior year.
Free cash flow $11.7M; net debt cut to $48.2M, leverage ratio 1.0x (from 2.7x).
Lighting segment sales +17%; Display Solutions operating income +23% despite slight sales dip.
Declared $0.05/share quarterly dividend payable May 16, 2023 to holders of record May 8.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LSI INDUSTRIES INC reported fiscal third quarter ended March 31, 2023 results: revenue $117.5 million, net income $4.7 million, EPS $0.16.

Period: fiscal third quarter ended March 31, 2023
Revenue: $117.5 million
Net income: $4.7 million
EPS: $0.16
Result: reported results

Exact text from the filing

FISCAL 2023 THIRD QUARTER ● Net Sales +7% y/y to $117.5 million ● Net Income +29% y/y to $4.7 million; Adjusted Net Income of $5.5 million ● Diluted EPS of $0.16; Adjusted EPS of $0.19 ● EBITDA of $10.2 million; Adjusted EBITDA $11.2 million ● Strong Free Cash Flow of $11.7 million ● Net debt declined to $48.2 million, or 1.0x TTM Adjusted EBITDA

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Source: SEC EDGAR

accession 0001437749-23-011230

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