Highest-materiality recent filing
LSI Industries adopts FY2027 LTIP/STIP; CEO gets $2.5M LTIP + $3M retention
FY2027 LTIP grants RSUs and PSUs over 3-yr cycle (Jul 1, 2026–Jun 30, 2029); PSUs tied to Adjusted EBITDA (50%) and RONA (50%).
LSI Industries posts record FY2026 sales of $689.4M; Q4 sales up 51% YoY
Q4 net sales +51% YoY to $234.6M; organic growth +8%; Q4 adjusted EPS $0.38, GAAP EPS $0.18.
LSI Industries CFO James Galeese to retire Aug 31, 2027; successor search underway
James E. Galeese, EVP & CFO, to retire Aug 31, 2027 after over a decade of service.
LSI Industries files audited SRR Holdings financials; 2025 revenue $265M, net income $11.4M
SRR Holdings 2025 net sales $265M (down 2.3% YoY); net income $11.4M vs $12.8M in 2024.
LSI Industries Q3 sales +14% to $150.5M; adj. EPS $0.28, Royston acquisition closed
Net sales $150.5M (+14% y/y); ex-Royston +9%; net income $2.1M ($0.06 diluted EPS).
LSI Industries completes $325M acquisition of Royston Group; new credit facility funds deal
Acquired Royston for $325M ($320M cash + $5M stock) on March 24, 2026 from Industrial Opportunity Partners.
LSI Industries prices 4.6M share offering at $19.75; net proceeds ~$98.1M for Royston acquisition
Offering of 4,600,000 shares priced at $19.75/share; gross proceeds ~$90M.
LSI Industries acquires Royston Group for $325M to create integrated retail branding platform
Purchase price $325M: $320M cash at close, $5M in LSI common stock valued at Feb 19 close.
LSI Industries Q2 FY2026: sales $147M flat YoY, adj EPS $0.26, FCF $23.3M, dividend $0.05
Net sales $147.0M flat YoY; net income $6.3M ($0.20 diluted EPS); adjusted net income $8.4M ($0.26 adj diluted EPS).
All seven director nominees elected at LSI Industries annual meeting; auditor ratified.
Robert P. Beech: 18,576,253 for, 3,720,390 withheld; Ronald D. Brown: 19,966,388 for, 2,330,255 withheld.
LSI Industries Q1 net sales $157.3M (+14% y/y); adj. EPS $0.31 (+22% y/y)
Net sales $157.3M (+14% y/y); organic growth 7%; Lighting +18%, Display +11%.
Revolver increased from $75M to $125M; $73M available as of Sept 30, 2025.
LSI Industries adopts FY2026 LTIP and STIP with EBITDA/RONA performance metrics
CEO James Clark LTIP target $1.5M: 31,088 RSUs + 46,632 PSUs; performance based on 3-year cumulative Adjusted EBITDA and RONA.
LSI Industries Q4 sales +20% to $155.1M; adj EPS $0.34; record full-year revenue $573.4M
Q4 net sales $155.1M (+20% y/y); net income $8.2M ($0.26 diluted EPS); adjusted EPS $0.34.
Net sales of $132.5M, up 22% YoY; GAAP diluted EPS $0.13, adjusted diluted EPS $0.20.
LSI Industries acquires Canada's Best Holdings for $31M in accretive all-cash deal
All-cash purchase price of $24M plus $7M performance earnout; funded via cash and $100M credit facility.
LSI Industries Q2 FY2025 net sales up 36% to $147.7M, adj. EPS $0.26, declares $0.05 dividend
Net sales $147.7M (+36% y/y, organic +14%); adjusted EBITDA $13.3M (9.0% of sales), up >20% y/y.
LSI Q1 FY2025 sales $138.1M (+12%), net income $6.7M; declares $0.05 dividend
Net sales $138.1M, +12% y/y; EMI acquisition contributed $26.2M; organic sales declined.
LSI Industries annual meeting elects all seven director nominees, ratifies Grant Thornton
Robert P. Beech, Ronald D. Brown, James A. Clark, Amy L. Hanson, Chantel E. Lenard, Ernest W. Marshall Jr., Wilfred T. O'Gara elected as directors.
LSI Industries adopts FY2025 LTIP and STIP; CEO Clark gets $1.5M target awards
LTIP grants: CEO Clark $1.5M target (40,214 RSUs, 60,322 PSUs); EVP/CFO Galeese $540k (14,477 RSUs, 21,716 PSUs).
Q4 net sales $129.0M (+4% YoY); adjusted net income $7.3M ($0.24 diluted EPS).
LSI Industries consolidates CFO and CAO roles; Bastian steps down as CAO
Effective May 31, 2024, CFO James E. Galeese assumes both principal financial and principal accounting officer duties.
LSI grants inducement equity awards to 5 ex-EMI employees as part of acquisition
Awards include 190,000 stock options at $14.60/share, 30,000 PSUs, and 10,000 RSUs.
LSI Industries grants 25,000 stock options to new SVP as inducement for employment
Mark Duato granted options to purchase 25,000 shares at $15.01 per share, 10-year term.
LSI Q3 net income $5.4M ($0.18 EPS); acquires EMI for $50M
Q3 net sales $108.2M (down YoY); net income $5.4M vs $4.7M prior year; EPS $0.18 vs $0.16.
LSI acquires EMI Industries for $50M all-cash; expands store fixtures and food service
EMI reported 2023 revenue of $87.0M and adjusted EBITDA of $5.5M; purchase price $50M.
LSI Industries grants 10,000 stock options to new SVP Michael Romano as inducement
Grant of 10,000 stock options to Michael Romano, SVP of Procurement and Logistics.
LSI Industries grants stock options to new Atlas Lighting President Kevin Kilkelly
Kevin Kilkelly granted options to purchase 30,000 shares at $14.41/share.
LSI Industries Q2: Net sales $109M, EPS $0.20, adj. EPS $0.21; gross margin +240bps; orders +10%
Net sales $109.0M, net income $5.9M ($0.20 diluted EPS); adjusted net income $6.4M ($0.21 diluted EPS).
LSI Industries Reports Fiscal Q1 2024 Results and Declares Cash Dividend
Net income up 28% year-over-year to $8.0 million ($0.27 per diluted share) for Q1 ended Sept 30, 2023.
All seven director nominees elected; Ernest W. Marshall, Jr. received 16.7M for (76.1%) and 5.2M withheld.
LSI Industries adopts FY2024 LTIP and STIP for named executives with EBITDA and RONA targets
CEO Clark gets RSUs of 47,022 and PSUs of 70,533; EVP & CFO Galeese gets 16,928 RSUs and 25,392 PSUs.
LSI Industries Q4 net income +63% to $0.28 EPS; full-year sales record $497M, Adj EBITDA +47%
Q4 net sales $123.6M; net income $8.4M ($0.28/diluted), +63% YoY; adj net income $8.8M ($0.30/diluted).
LSI Industries Q3 FY2023 net sales up 7% to $117.5M; EPS $0.16; debt reduced
Net income $4.7M ($0.16 diluted EPS) vs $3.6M ($0.13) a year ago; adjusted EPS $0.19.
LSI Industries posts investor presentation for Roth Conference; no financial details provided
Presentation posted on IR website on March 9, 2023 for 35th Annual Roth Conference (March 12-14).
LSI Industries unveils 'Fast Forward' plan targeting $800M sales, $100M adjusted EBITDA by FY28
FY28 target: $800M net sales, $100M Adjusted EBITDA (12.5% margin).
Net sales $128.8M (+16% y/y); net income $6.4M ($0.22 diluted EPS) vs $3.1M ($0.11) a year ago.
All seven director nominees elected; Ernest Marshall, Jr. received 19.0M for, 140K withheld.
LSI Industries Q1 FY2023 sales $127M (+19% YoY), net income doubles, adj. EBITDA margin 10.5%
Net sales $127.1M (+19% YoY); net income $6.3M (+100% YoY); diluted EPS $0.22; adjusted EPS $0.25.
LSI Industries presents at H.C. Wainwright conference; financial results not disclosed in filing
Investor presentation furnished as Exhibit 99.1 for H.C. Wainwright Global Investment Conference on Sept 12, 2022.
LSI Industries adopts FY2023 LTIP and STIP with specific RSU/PSU grants to NEOs
CEO James Clark receives 63,768 RSUs and 95,652 PSUs; LTIP target 157% of salary.
LSI Industries elects Ernest Marshall to board; corrects dividend date to Sept 6
Ernest W. Marshall, Jr. elected to LSI Board effective Aug 17, 2022; appointed to Compensation Committee.
LSI Industries Q4 FY2022: record sales $127.5M, adj EPS $0.21, dividend declared
Q4 net sales $127.5M (+31% YoY), record; adj EPS $0.21 vs $0.12 prior year.
Michael C. Beck retires as SVP of Operations effective July 1, 2022; will serve in an advisory role through December 31, 2022.
LSI Q3 net sales $110.1M (+53% YoY), adj. EPS $0.15, $15M share repurchase authorized
Net sales $110.1M (+53% YoY); organic growth 12%; Lighting +25%, Display Solutions +100%.
LSI Industries presents at Roth Conference; no new material disclosures in filing
Management team presented at 34th Annual Roth Conference on March 14-15, 2022.
LSI Industries amends 8-K to disclose 4.18M broker non-votes from annual meeting
4,179,122 broker non-votes reported for director elections and advisory items; had no effect on outcomes.
LSI Industries Q2 FY2022 net sales +45% to $111.1M; adj. EPS $0.15; declares $0.05 dividend
Net sales $111.1M (+45% y/y); organic sales +19%; Lighting +27%, Display Solutions +72%.
LSI Industries Q1 FY2022 net sales $106.4M (+52% YoY); declares $0.05 dividend
Net sales $106.4M (+52% YoY); organic growth +19%; quarterly sales exceed $100M for first time.
All six director nominees elected with majority support; highest withheld was 979,726 for Robert P. Beech.
Effective May 31, 2024, LSI Industries Inc., an Ohio corporation (“ LSI ”), consolidated the roles of Principal Financial Officer and Principal Accounting Officer under LSI’s Chief Financial Officer, James E. Galeese.
Also effective May 31, 2024, Jeffrey S. Bastian ceased being LSI’s Chief Accounting Officer, and continues his service as LSI’s Vice President of Accounting.
On August 17, 2022 the Board of Directors of LSI Industries Inc. (“LSI”) elected Ernest W. Marshall, Jr. to the Board effective immediately.
Michael C. Beck has notified LSI of his intent to retire from the position of Senior Vice President of Operations effective as of July 1, 2022.
Max materiality 0.90 · Median 0.65 · Most common event earnings