---
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"
generated_at: "2026-06-03T08:48:35.496949+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LSI Q3 net income $5.4M ($0.18 EPS); acquires EMI for $50M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013135
- JSON: https://secwatch.observer/filing/0001437749-24-013135.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013135.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal 2024 third quarter ended March 31, 2024
  - Revenue: $108.2 million
  - Net income: $5.4 million
  - EPS: $0.18 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/763532/000143774924013135/0001437749-24-013135-index.htm

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