LSI INDUSTRIES INC

Listed Company

LYTSCIK 0000763532NasdaqAcceleratedElectric Lighting & Wiring EquipmentOhioFY ends Jun 30

Period

FY 2025

Revenue

—

Net Income

$24.38M

Total Assets

$396.36M

Equity

$230.72M

Shares Out

31.13M

Op. Cash Flow

$38.12M

Business

LSI INDUSTRIES INC is a producer of non-residential lighting and retail display solutions for commercial and institutional customers. It offers American-made indoor and outdoor lighting fixtures, LED systems, controls and related components, together with retail fixtures, signage, digital menu boards, refrigerated displays, cabinetry and installation and project-management services. The company operates through two business segments: Lighting and Display Solutions. It sells primarily throughout the United States and also in Canada, Mexico, Latin America and the Caribbean via electrical distributors, manufacturer’s representatives, direct sales and program-based rollout relationships.

Summary from filing dated 2025-09-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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