LSI Industries (NASDAQ: LYTS) reported Q4 EPS of $0.08, versus $0.00 reported last year. Revenue for the quarter came in at $76.1 million, versus $73.9 million reported last year.

Management Comments and Outlook

Dennis W. Wells, Chief Executive Officer and President, commented, "I am pleased to report that we are on the road to significant profit improvement, as evidenced by the fourth quarter and fiscal 2015 operating results. Looking ahead, with additional emphasis on sales growth, fiscal 2016 promises to be a good year.

"We have, in my view, achieved nearly all of the objectives we set out to accomplish during the fiscal 2015 'turnaround' phase of LSI Industries. More specifically, we added key experienced senior executives to our management bench; hired successful talent to muscle-build our sales team; implemented the LSI Business System; and took a wide range of actions to reduce costs, increase manufacturing efficiency, and improve product quality and customer satisfaction. As profits and margins improved, we followed suit by increasing our cash dividend rate. My overall mission remains that of developing shareholder value through higher sales, earnings, and cash dividends as LSI moves forward. As I see it, we have managed LSI through the critical turnaround phase to the beginning of a more steady and predictable continuous improvement phase.

"From a strategic standpoint, our high-priority focus is to demonstrate to customers how LSI can be their value-added, trusted partner in developing superior image solutions through our world-class lighting, graphics, and technology capabilities. Image is fundamental to our growth strategy.

"We are off to a strong start in both sales and profit growth early in the first quarter, and I look forward to reporting solid and measurable continuous improvements during fiscal 2016."

For earnings history and earnings-related data on LSI Industries (LYTS) click here.