LSI INDUSTRIES INC
Business
LSI Industries Inc. is a manufacturer of non-residential lighting fixtures and retail display solutions for commercial and industrial applications. The company produces American-made indoor and outdoor lighting fixtures with controls, plus custom retail display products including signage, digital menu boards, and merchandising fixtures. LSI operates through two reportable segments—Lighting and Display Solutions—serving vertical markets such as convenience stores, quick-service restaurants, grocery, parking facilities, and automotive dealerships. Products are sold primarily in the United States through distributors, direct sales forces, and manufacturer representatives, with sales extending to Canada, Mexico, and Latin America.
Summary from 10-K filed 2025-09-11
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Net Sales | 573 | 470 | 497 | 455 | 316 | |
| Cost of products and services sold | 431 | 336 | 360 | 346 | 237 | |
| Restructuring/Severance costs | 225,000 | 508,000 | 31,000 | 0 | 15,000 | |
| Gross profit | 142 | 133 | 137 | 109 | 79 | |
| Selling and administrative expenses | 106 | 98 | 100 | 88 | 71 | |
| Restructuring/Severance costs | 75,000 | 32,000 | 35,000 | 12,000 | 26,000 | |
| Operating income | 36 | 36 | 37 | 21 | 8 | |
| Interest expense | 3 | 2 | 4 | 2 | 287,000 | |
| Other (income) and expense | −398,000 | 262,000 | 15,000 | −148,000 | −154,000 | |
| Income before income taxes | 33 | 33 | 33 | 19 | 8 | |
| Income tax expense | 9 | 8 | 8 | 4 | 2 | |
| Net income | 24 | 25 | 26 | 15 | 6 | |
| Earnings per common share (see Note 4) (in per share) | 0.82 | 0.86 | 0.92 | 0.55 | 0.22 | |
| Diluted (in dollars per share) | 0.79 | 0.83 | 0.88 | 0.54 | 0.21 | |
| Basic (in shares) | 30 | 29 | 28 | 27 | 27 | |
| Diluted (in shares) | 31 | 30 | 29 | 28 | 27 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 4 | 2 | 2 | 2 | |
| Accounts receivable, less allowance for credit losses of $1,152 and $848, respectively | 104 | 79 | 78 | 78 | 58 | |
| Inventories | 80 | 71 | 64 | 74 | 59 | |
| Refundable income tax | 0 | 3 | 3 | 1 | 1 | |
| Other current assets | 7 | 6 | 4 | 3 | 5 | |
| Total current assets | 194 | 162 | 150 | 159 | 125 | |
| Land | 4 | 4 | 4 | 4 | 4 | |
| Buildings | 25 | 25 | 25 | 24 | 24 | |
| Machinery and equipment | 78 | 74 | 67 | 67 | 66 | |
| Buildings under finance leases | 0 | 2 | 2 | 2 | 2 | |
| Construction in progress | 989,000 | 2 | 1 | 618,000 | 933,000 | |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization | 107 | 107 | 99 | 98 | 97 | |
| Less accumulated depreciation | −76 | −74 | −74 | −71 | −67 | |
| Net property, plant and equipment | 31 | 33 | 25 | 27 | 31 | |
| Goodwill | 65 | 57 | 45 | 45 | 44 | |
| Intangible assets, net | 78 | 74 | 63 | 68 | 73 | |
| Operating lease right-of-use assets | 17 | 16 | 9 | 9 | 12 | |
| Deferred tax assets | 7 | 5 | — | — | — | |
| Other long-term Assets, net | 4 | 1 | 4 | 3 | 3 | |
| Total assets | 396 | 349 | 296 | 311 | 287 | |
| Current maturities of long-term debt | 4 | 4 | 4 | 4 | 0 | |
| Accounts payable | 49 | 32 | 29 | 35 | 33 | |
| Accrued expenses | 45 | 43 | 44 | 39 | 38 | |
| Total current liabilities | 97 | 79 | 77 | 77 | 71 | |
| Long-term debt | 45 | 51 | 32 | 76 | 68 | |
| Finance lease liabilities | 0 | 636,000 | 960,000 | 1 | 2 | |
| Operating lease liabilities | 12 | 11 | 6 | 6 | 11 | |
| Other Liabilities, Noncurrent | 5 | 3 | 3 | 3 | 4 | |
| Deferred tax liabilities | 3 | 0 | — | — | — | |
| Commitments and contingencies (Note 15) | 3 | 0 | — | — | — | |
| Preferred shares, without par value; Authorized 1,000,000 shares, none issued | 0 | 0 | 0 | 0 | 0 | |
| Common shares, without par value; Authorized 50,000,000 shares; Outstanding 30,054,532 and 29,222,414 shares, respectively | 164 | 156 | 149 | 140 | 133 | |
| Treasury shares, without par value | −10 | −9 | −7 | −6 | −2 | |
| Key executive compensation | 10 | 9 | 7 | 6 | 2 | |
| Retained earnings | 66 | 48 | 29 | 8 | −1 | |
| Accumulated other comprehensive income | 829,000 | 202,000 | 339,000 | 45,000 | 49,000 | |
| Total shareholders' equity | 231 | 204 | 178 | 148 | 131 | |
| Total liabilities & shareholders' equity | 396 | 349 | 296 | 311 | 287 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 13 | 10 | 10 | 10 | 8 | |
| Deferred income taxes | −2 | −2 | −418,000 | −342,000 | −1 | |
| Deferred compensation plan | 2 | 2 | 2 | 4 | 2 | |
| Stock compensation expense | 4 | 4 | 4 | 3 | 2 | |
| ESPP discount | 218,000 | 194,000 | 142,000 | 0 | — | |
| Issuance of common shares as compensation | 450,000 | 450,000 | 368,000 | 300,000 | 315,000 | |
| Loss on disposition of fixed assets | 204,000 | 306,000 | 59,000 | 65,000 | 154,000 | |
| Allowance for credit losses | 231,000 | 57,000 | −19,000 | 246,000 | 19,000 | |
| Inventory obsolescence reserve | 528,000 | −1 | 2 | 2 | 2 | |
| Accounts receivable | −22 | 10 | 88,000 | −20 | −11 | |
| Inventories | −5 | 6 | 8 | −18 | −12 | |
| Refundable income taxes | 3 | −77,000 | −2 | 235,000 | 2 | |
| Accounts payable | 16 | −4 | −6 | 2 | 14 | |
| Accrued expenses and other | 4 | −8 | 5 | −2 | 16 | |
| Net cash flows provided by operating activities | 38 | 43 | 50 | −4 | 28 | |
| Acquisition of EMI and CBH | −25 | −50 | 0 | — | — | |
| Purchases of property, plant, and equipment | −3 | −5 | −3 | −2 | −2 | |
| Proceeds from the sale of fixed assets | 50,000 | 35,000 | 5,000 | 49,000 | 0 | |
| Net cash flows used in investing activities | −28 | −55 | −3 | −2 | −93 | |
| Payments on long-term debt | −200 | −140 | −198 | −162 | −19 | |
| Borrowings on long-term debt | 194 | 159 | 154 | 173 | 87 | |
| Cash dividends paid | −6 | −6 | −5 | −5 | −5 | |
| Shares withheld on employees' taxes | −509,000 | −447,000 | −896,000 | −250,000 | −60,000 | |
| Payments on financing lease obligations | −340,000 | −324,000 | −281,000 | −268,000 | −239,000 | |
| Proceeds from stock option exercises | 1 | 2 | 4 | 26,000 | 1 | |
| Net cash flows provided by (used in) financing activities | −11 | 14 | −47 | 6 | 64 | |
| Change related to Foreign Currency | 627,000 | −165,000 | 130,000 | −17,000 | 136,000 | |
| Increase (decrease) in cash and cash equivalents | −653,000 | 2 | −634,000 | 180,000 | −1 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is LSI INDUSTRIES INC's CIK number?
LSI INDUSTRIES INC's SEC CIK number is 0000763532 (763532). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find LSI INDUSTRIES INC's SEC filings?
All of LSI INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did LSI INDUSTRIES INC last report earnings?
LSI INDUSTRIES INC (LYTS) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-013085). This is LSI INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is LSI INDUSTRIES INC's most recent earnings 8-K?
LSI INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001437749-26-013085. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View LSI INDUSTRIES INC's latest earnings 8-K →
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