{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-013135","form_type":"8-K","ticker":"LYTS","cik":"0000763532","company_name":"LSI INDUSTRIES INC","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.920916+00:00","generated_at":"2026-06-03T08:48:35.496949+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"LSI Q3 net income $5.4M ($0.18 EPS); acquires EMI for $50M","bullets":["Q3 net sales $108.2M (down YoY); net income $5.4M vs $4.7M prior year; EPS $0.18 vs $0.16.","Adjusted EBITDA $11.2M (10.4% margin, +80bps); gross margin up 140bps; free cash flow $11.2M quarterly.","Acquired EMI Industries for $50M cash on April 18; funded via cash/credit facility; net debt to TTM Adj. EBITDA 1.3x pro forma.","Declared $0.05/sh dividend payable May 14 to holders May 6; net debt $9.2M (0.2x TTM EBITDA).","Lighting segment adj. op income +11% on 280bps gross margin improvement; Display Solutions growth in c-store/QSR offset grocery weakness."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-013135","json":"https://secwatch.observer/filing/0001437749-24-013135.json","markdown":"https://secwatch.observer/filing/0001437749-24-013135.md","text":"https://secwatch.observer/filing/0001437749-24-013135.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763532/000143774924013135/0001437749-24-013135-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763532/000143774924013135/lyts20240424_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:48:35.496949+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7833fc4501b3ae656de0a91c86515d85880bb6ed","claim":"LSI INDUSTRIES INC reported fiscal 2024 third quarter ended March 31, 2024 results: revenue $108.2 million, net income $5.4 million, EPS $0.18 per diluted share.","evidence_excerpt":"LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for the fiscal 2024 third quarter ended March 31, 2024. FISCAL 2024 THIRD QUARTER RESULTS ● Net Sales of $108.2 million ● Net Income of $5.4 million, or $0.18 per diluted share ● Adjusted Net Income of $6.2 million, or $0.21 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763532/000143774924013135/0001437749-24-013135-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 third quarter ended March 31, 2024"},{"label":"Revenue","value":"$108.2 million"},{"label":"Net income","value":"$5.4 million"},{"label":"EPS","value":"$0.18 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}