---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011230"
form_type: "8-K"
ticker: "LYTS"
cik: "0000763532"
company_name: "LSI INDUSTRIES INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:03:52.135592+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-011230
- form_type: 8-K
- ticker: LYTS
- cik: 0000763532
- company_name: LSI INDUSTRIES INC
- filed_at: 2023-04-27T23:59:59+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/763532/000143774923011230/0001437749-23-011230-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763532/000143774923011230/lyts20230425_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011230
- JSON: https://secwatch.observer/filing/0001437749-23-011230.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011230.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/763532/000143774923011230/0001437749-23-011230-index.htm

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