A number of firms have modified their ratings and price targets on shares of LSI Industries (NASDAQ: LYTS) recently: 4/19/2022 – LSI Industries is now covered by analysts at StockNews.com. They set a “buy” rating on the stock. 4/11/2022 – LSI Industries is now covered by analysts at StockNews.com. They set a “buy” rating on […]
Zacks Investment Research upgraded shares of LSI Industries (NASDAQ:LYTS – Get Rating) from a hold rating to a buy rating in a research report released on Tuesday, Zacks.com reports. The firm currently has $7.00 target price on the construction company’s stock. According to Zacks, “LSI Industries is an Image Solutions company, combining integrated design, manufacturing, […]
LSI Industries Reports Fiscal Third Quarter 2021 Results and Declares Quarterly Cash Dividend
CINCINNATI, April 22, 2021 (GLOBE NEWSWIRE) LSI Industries Inc. (NASDAQ: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of indoor/outdoor lighting and graphics solutions, today announced results for the third quarter fiscal 2021.
Third Quarter 2021 Summary
Net Income of $1.5 million; EPS of $0.05 per diluted share
Adjusted Net Income of $1.8 million, or $0.07 per diluted share
Adjusted EBITDA of $4.4 million, compared to $1.6 million in prior year period
Free cash flow of $10.6 million versus $3.5 million prior year
For the three months ended March 31, 2021, LSI reported year-over-year growth in net sales, adjusted net income, adjusted EBITDA and cash flow. LSI reported GAAP net income of $1.5 million, or $0.05 per diluted share in the fiscal third quarter, versus $1.9 million, or $0.07 per diluted share in the prior period. The Company’s prior y
Price action over last quarter: down 19.63%
Company Overview
LSI Industries Inc provides corporate visual image solutions to the petroleum and convenience store industry. The company s operating segments includes Lighting and Graphics. It generates maximum revenue from the Lighting segment. Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial and multi-site retail markets including the petroleum/convenience store, quick-service, and automotive markets. The Graphics Segment manufactures and sells exterior and interior visual image elements related to signage and graphics, including integrated digital signage solutions and menu boards. It sells its products in the United States, Mexico, Canada, Australia, and Latin America.
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