---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029849"
form_type: "8-K"
ticker: "LYTS"
cik: "0000763532"
company_name: "LSI INDUSTRIES INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:20:57.428620+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# LSI Industries Reports Fiscal Q1 2024 Results and Declares Cash Dividend

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-029849
- form_type: 8-K
- ticker: LYTS
- cik: 0000763532
- company_name: LSI INDUSTRIES INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763532/000143774923029849/0001437749-23-029849-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763532/000143774923029849/lyts20231030_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029849
- JSON: https://secwatch.observer/filing/0001437749-23-029849.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029849.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/763532/000143774923029849/0001437749-23-029849-index.htm

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