LSI Industries Q4 net income +63% to $0.28 EPS; full-year sales record $497M, Adj EBITDA +47%

LSI INDUSTRIES INC

2023-FY EPS reported $0.88 revenue$496,979,000

Q4 net sales $123.6M; net income $8.4M ($0.28/diluted), +63% YoY; adj net income $8.8M ($0.30/diluted).
Full year record sales $497M (+9% YoY); net income $25.8M ($0.88) +71%; Adj EBITDA $51.6M (+47%).
Free cash flow $46.4M for FY; net debt cut >50% to $33.4M; leverage ratio 0.7x.
Lighting segment sales +5% Q4, +17% FY; Display +1% FY (excl. large QSR program +13%).
Declared quarterly dividend $0.05/share payable Sept 5, 2023, record Aug 28, 2023.

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 1.0

LSI INDUSTRIES INC reported fiscal quarter ended June 30, 2023 results: revenue $123.6 million, net income $8.4 million, EPS $0.28 per diluted share.

Period: fiscal quarter ended June 30, 2023
Revenue: $123.6 million
Net income: $8.4 million
EPS: $0.28 per diluted share
Result: reported results

Exact text from the filing

lighting and display solutions, today reported financial results for its fiscal 2023 fourth quarter and full year ended June 30, 2023. FISCAL 2023 FOURTH QUARTER ● Net Sales $123.6 million; Lighting sales +5% y/y ● Net Income +63% y/y to $8.4 million, $0.28 per diluted share ● Adjusted Net Income +46% y/y of $8.8 million, $0.30 per diluted share ● EBITDA of

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LSI INDUSTRIES INC reported fiscal year ended June 30, 2023 results: revenue $497.0 million, net income $25.8 million, EPS $0.88 per diluted share.

Period: fiscal year ended June 30, 2023
Revenue: $497.0 million
Net income: $25.8 million
EPS: $0.88 per diluted share
Result: reported results

Exact text from the filing

or 11.4%/sales ● Free Cash Flow +94% y/y to $15.6 million ● Ratio of net debt to TTM Adjusted EBITDA of 0.7x as of June 30, 2023 FISCAL 2023 FULL YEAR ● Net Sales +9% y/y to $497.0 million ● Net Income +71% y/y to $25.8 million, $0.88 per diluted share ● Adjusted Net Income +61%% y/y to $29.0 million, $0.99 per diluted share ● EBITDA of $46.7 million; Adjusted

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Source: SEC EDGAR

accession 0001437749-23-024006

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