---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-024006"
form_type: "8-K"
ticker: "LYTS"
cik: "0000763532"
company_name: "LSI INDUSTRIES INC"
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T08:07:56.658005+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-024006
- form_type: 8-K
- ticker: LYTS
- cik: 0000763532
- company_name: LSI INDUSTRIES INC
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763532/000143774923024006/0001437749-23-024006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763532/000143774923024006/lyts20230815_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-024006
- JSON: https://secwatch.observer/filing/0001437749-23-024006.json
- Plain text: https://secwatch.observer/filing/0001437749-23-024006.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/763532/000143774923024006/0001437749-23-024006-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/763532/000143774923024006/0001437749-23-024006-index.htm

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