LSI Industries (LYTS) Declares $0.05 Quarterly Dividend; 2.6% Yield
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LSI Industries Reports Fiscal 2023 First Quarter Results and Declares Quarterly Cash Dividend
November 2, 2022 6:00 AM EDTCINCINNATI--(BUSINESS WIRE)-- LSI Industries Inc. (NASDAQ: LYTS, LSI or the Company) a leading U.S. based manufacturer of display solutions and indoor/outdoor lighting, today reported financial results for its fiscal 2023 first quarter.
FISCAL 2023 FIRST QUARTER
Net Sales +19% y/y to $127.1 million Net Income +100% y/y to $6.3 million; Adjusted Net Income of $7.1 million Diluted EPS of $0.22; Adjusted EPS of $0.25 EBITDA of $12.4 million; Adjusted EBITDA $13.3 million or 10.5%/sales Free Cash Flow of $10.1 million Debt net leverage decline of 32% y/y to... More