secwatch.observer — SEC 8-K summary
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Issuer:     LSI INDUSTRIES INC (LYTS)
CIK:        0000763532
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001437749-23-029849
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LSI Industries Reports Fiscal Q1 2024 Results and Declares Cash Dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763532/000143774923029849/0001437749-23-029849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763532/000143774923029849/lyts20231030_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029849

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