LSI Industries Reports Fiscal Q1 2024 Results and Declares Cash Dividend

LSI INDUSTRIES INC

2024-Q1 EPS reported $0.27 revenue$123,441,000

Net income up 28% year-over-year to $8.0 million ($0.27 per diluted share) for Q1 ended Sept 30, 2023.
Adjusted EBITDA rose 13% to $15.1 million; adjusted EBITDA margin improved 170 bps to 12.2%.
Declared quarterly cash dividend of $0.05 per share payable Nov 21, 2023 to holders of record Nov 13, 2023.
Net debt reduced to $25.1 million (0.5x trailing twelve-month adjusted EBITDA) from $68.5 million a year ago.
Awarded major image refresh program covering 7,000+ domestic locations for a leading oil company; also expanding into 6 Central American countries and Jamaica.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LSI INDUSTRIES INC reported fiscal 2024 first quarter ended September 30, 2023 results: revenue Net Sales $123.4 million, net income Net Income +28% y/y to $8.0 million, or $0.27 per diluted share, EPS $0.27 per diluted share.

Period: fiscal 2024 first quarter ended September 30, 2023
Revenue: Net Sales $123.4 million
Net income: Net Income +28% y/y to $8.0 million, or $0.27 per diluted share
EPS: $0.27 per diluted share
Result: reported results

Exact text from the filing

FISCAL 2024 FIRST QUARTER ● Net Income +28% y/y to $8.0 million, or $0.27 per diluted share ● Adjusted Net Income +23% y/y to $8.7 million or $0.29 per diluted share ● Net Sales $123.4 million; Lighting sales steady versus prior year ● EBITDA of $13.4 million; Adjusted EBITDA $15.1 million or 12.2% of sales ● Free Cash Flow $9.2 million ● Ratio of net debt to TTM

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Source: SEC EDGAR

accession 0001437749-23-029849

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