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LSI Industries Reports Fiscal 2026 Fourth Quarter and Full-Year Results and Declares Quarterly Cash Dividend

LYTS
  • LSI Industries reported fiscal 2026 fourth-quarter net sales of $234.6 million, a 51% year-over-year increase driven by organic growth of 8% & full-quarter contributions from the Royston Group acquisition.
  • Full-year fiscal 2026 net sales reached a record $689.4 million, representing a 20% year-over-year increase.
  • Fourth-quarter diluted EPS was $0.18 (net income of $6.9 million), while adjusted diluted EPS was $0.38 (adjusted net income of $14.4 million).
  • Full-year diluted EPS was $0.67 (net income of $22.6 million), while adjusted diluted EPS was $1.25 (adjusted net income of $42.2 million).
  • Fourth-quarter adjusted EBITDA was $25.7 million (10.9% of sales), increasing 50% year-over-year, while full-year adjusted EBITDA was $69.7 million (10.1% of sales).
  • The company generated $9.7 million in free cash flow for the fourth quarter & $39.0 million for the full fiscal year.
  • Net debt to proforma trailing twelve-month adjusted EBITDA stood at 2.7x, with $95 million available under its $350 million senior secured credit facility.
  • Display Solutions segment net sales doubled to $164.2 million in the fourth quarter, achieving an adjusted EBITDA margin rate of 12.4%.
  • Lighting segment sales declined 3% year-over-year in the fourth quarter due to softness in automotive & QSR verticals, though full-year sales rose 7%.
  • Management highlighted a new multi-year program to renovate approximately 2,500 sites for a large oil company, valued at $30 million & excluded from current order rates.
  • The Board declared a cash dividend of $0.05 per share, payable on September 8, 2026, to shareholders of record on August 31, 2026.
  • The acquisition of Royston Group on March 24, 2026, expanded LSI's vertical market strategy & integrated retail branding solutions.
  • Royston's fourth-quarter sales declined modestly as the company narrowed its focus to a higher-value product mix, with project activity expected to ramp in fiscal 2027.