---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002115"
form_type: "8-K"
ticker: "LYTS"
cik: "0000763532"
company_name: "LSI INDUSTRIES INC"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:47:54.240437+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LSI Industries Q2: Net sales $109M, EPS $0.20, adj. EPS $0.21; gross margin +240bps; orders +10%

## Summary
- Net sales $109.0M, net income $5.9M ($0.20 diluted EPS); adjusted net income $6.4M ($0.21 diluted EPS).
- Gross margin rate increased 240 bps YoY; Adjusted EBITDA $11.1M (10.1% of sales); free cash flow $7.3M in Q2.
- Total orders up 10% YoY; Lighting segment adjusted gross margin 35.0% (+440 bps), highest in a decade.
- Declared quarterly cash dividend $0.05/share payable Feb 13 to holders of record Feb 5; net debt/EBITDA 0.4x.
- Grocery vertical saw temporary project pause due to pending merger of two large grocers; expects demand ramp in Q3/Q4.

## SEC filing metadata
- accession: 0001437749-24-002115
- form_type: 8-K
- ticker: LYTS
- cik: 0000763532
- company_name: LSI INDUSTRIES INC
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763532/000143774924002115/0001437749-24-002115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763532/000143774924002115/lyts20240123_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002115
- JSON: https://secwatch.observer/filing/0001437749-24-002115.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002115.txt

## Key facts
- Earnings Releases
  LSI INDUSTRIES INC reported fiscal 2024 second quarter ended December 31, 2023 results: revenue $109.0 million, net income $5.9 million, EPS $0.20 per diluted share.
  - Period: fiscal 2024 second quarter ended December 31, 2023
  - Revenue: $109.0 million
  - Net income: $5.9 million
  - EPS: $0.20 per diluted share
  - Result: reported results
  source text: LSI reported net income of $5.9 million, or $0.20 per diluted share, on sales of $109.0 million in the second quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/763532/000143774924002115/0001437749-24-002115-index.htm

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