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Bangor Daily News photo/Ernie Clark
KEEPING PEOPLE SAFE Mark Awalt, president of JSI Store Fixtures, stands with one of the aproximately seven hygiene barrier designs the Milo company produces as a protective device for store employees and customers in light of the COVID-19 pandemic.
Bangor Daily News photo/Ernie Clark
KEEPING PEOPLE SAFE Mark Awalt, president of JSI Store Fixtures, stands with one of the aproximately seven hygiene barrier designs the Milo company produces as a protective device for store employees and customers in light of the COVID-19 pandemic.
LSI Industries acquires JSI Store Fixtures for $90M
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