Earnings Releases·Nov 5, 2026, 8:00 AM ET

LSI Industries — Fiscal 2027 Q1 Earnings Summary

Net sales reached $225.9 million, a 44% year-over-year increase driven by the Royston acquisition, while organic sales excluding the acquisition declined 2%; adjusted net income rose 19% to $11.6 million ($0.31 diluted EPS) and adjusted EBITDA increased 41% to $22.2 million.
Display Solutions segment sales surged 83% year-over-year, offsetting a 6% decline in the Lighting segment, with total net debt decreasing $14.3 million to a leverage ratio of 2.6x and free cash flow conversion at 62% of adjusted EBITDA.
Management anticipates steady project activity ramping through fiscal 2028, anchored by a 2,500-site refueling/c-store refresh program and a secured 3,000-store QSR renovation program starting late Q3, alongside manufacturing consolidation expected to generate over $1.0 million in annual cost savings.
The Board declared a quarterly cash dividend of $0.05 per share, maintaining an indicated annual rate of $0.20, while noting headwinds from cost inflation, elevated interest rates, and seasonal slowdowns ahead of the holiday season.