LSI Industries (LYTS) Declares $0.05 Quarterly Dividend; 3.1% Yield
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LSI Industries Inc. Reports Operating Results for the First Quarter Ended September 30, 2017, and Declares Regular Cash Dividend
October 26, 2017 6:45 AM EDTCINCINNATI, Oct. 26, 2017 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ: LYTS) today announced:Â
First Quarter Summary
Sales increased 4% compared to Q1 of the prior yearAdjusted Operating Income increased 41%, with adjusted operating margin improving 90 basis pointsAdjusted Net Income increased 7% versus Q1 prior year (see reconciliation in Non-GAAP items below)Adjusted EPS $0.07 compared to $0.06 in Q1 prior year. GAAP reported EPS was a loss of $(0.61) versus $0.03 prior year Q1, reflecting a $28 million goodwill impairment charge  ÂNet sales in the first quarter of... More
