secwatch.observer — SEC 8-K summary
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Issuer:     LSI INDUSTRIES INC (LYTS)
CIK:        0000763532
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001437749-24-013135
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763532/000143774924013135/0001437749-24-013135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763532/000143774924013135/lyts20240424_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013135

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