NASDAQ$LYTS

LSI Industries Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

LSI reported strong commercial and operational execution, consistent profitability, solid free cash flow generation and successful integration of EMI Industries.

LSI Industries reported a 12% increase in net sales to $138.1 million, driven by the acquisition of EMI Industries. The company generated a net income of $6.7 million, or $0.22 per diluted share, and free cash flow of $11.1 million.

  • Net sales increased by 12% year-over-year to $138.1 million.
  • Net income was reported at $6.7 million, or $0.22 per diluted share.
  • Free cash flow generation amounted to $11.1 million.
  • Grocery vertical orders increased by 90% year-over-year.

Headline financials

Total Revenue

$138M

Previous: $123M+11.9%
EPS

$0.22

Previous: $0.29-24.1%
Adjusted EBITDA

$13.4M

No prior period
Net Debt to Adj. EBITDA

0.8

Previous: 0.5+60.0%
Capital Expenditures

-$759K

Previous: -$1.39M+45.5%
Free Cash Flow

$5.92M

Previous: $6.64M-10.7%
Net Income

$6.68M

Previous: $8.03M-16.8%
Operating Income

$9.13M

Previous: $11M-17.2%
Gross Profit

$33.6M

Previous: $36.6M-8.0%
Cash & Equivalents

$6.97M

Previous: $3.53M+97.3%
Total Assets

$350M

Previous: $302M+15.8%
Stock-Based Comp

$1.05M

Previous: $1.22M-14.2%

Revenue & EPS history

LSI · Revenue · Quarterly

$138M

Q1 2025+11.9%vs Q1 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

LSI · $124M total across 2 segments · Q4 2023

  • Lighting Segment
    $71.4M+5.3%
  • Display Solutions
    $52.3M-12.8%

Forward guidance

LSI anticipates positive activity for Display Solutions in the fiscal second quarter with comparable sales expected to increase year-over-year, and backlog continuing to improve. The Lighting Segment performance is expected to improve in the second quarter, when compared to the year-ago period.

Tailwinds

  • Comparable sales for Display Solutions expected to increase year-over-year in Q2.
  • Backlog for Display Solutions continuing to improve.
  • Lighting Segment performance anticipated to improve in Q2 compared to the previous year.
  • EMI continues to realize strong project quotation activity supported by a broad base of c-store, grocery and restaurant customer brands
  • Integration of EMI is performing ahead of plan, with the collaboration with other divisions of LSI generating considerable cross-selling synergy opportunities across our comprehensive product and solution offerings.

Headwinds

  • Net sales declined year-over year due to lower levels of large project activity within the Lighting segment.
  • Lengthening in the conversion period for large projects, particularly within the warehouse vertical, where construction starts have slowed.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+4.0%

Avg return

Earnings day

+4.9%

Avg return

5 days after

+4.2%

Avg return

30 days after

67%

44 / 66 earnings

Positive

+25.8%

Q4 2023

Best reaction

-14.3%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+9.2%+12.5%+12.4%
Q2 2026+14.2%-1.8%-14.8%
Q1 2026-10.0%-17.0%-18.5%
Q3 2025-7.0%-4.0%-1.2%
Q2 2025+25.0%+8.4%-2.6%
Q1 2025+12.1%+14.3%+10.8%
Q4 2024+0.9%-2.8%+3.7%
Q3 2024+1.2%+0.1%+9.5%
Q2 2024+2.4%+1.9%+4.8%
Q1 2024-10.1%-12.3%-10.1%
Q4 2023+25.8%+24.5%+15.0%
Q3 2023+2.3%+6.7%-6.6%
Q2 2023+10.3%+5.2%+11.6%
Q1 2023+15.4%+29.4%+51.8%
Q4 2022+9.9%+11.7%+13.8%
Q3 2022+22.9%+28.2%+15.7%
Q2 2022+22.3%+24.8%+8.3%
Q1 2022-5.5%-4.3%-15.8%
Q4 2021+8.6%+13.8%+5.1%
Q3 2021+5.6%-0.1%-6.2%
Q2 2021+21.5%+17.4%+8.4%
Q1 2021-7.4%-1.4%+11.0%
Q4 2020+6.6%+5.9%+7.9%
Q3 2020+9.1%+15.5%+12.9%
Q2 2020+5.7%+0.8%-8.4%
Q1 2020+6.1%+6.3%+16.7%
Q4 2019+8.6%+8.4%+29.5%
Q3 2019+1.5%+4.9%+9.3%
Q2 2019-12.5%-14.1%-10.6%
Q1 2019+2.9%+0.0%-3.6%
Q4 2018+22.6%+28.3%+17.1%
Q3 2018+5.3%+6.0%+0.0%
Q2 2018+18.3%+21.2%+22.5%
Q1 2018+2.5%+7.1%+4.9%
Q4 2017+6.0%-23.5%-25.5%
Q3 2017-5.1%-6.2%-8.7%
Q2 2017+8.7%+3.3%+10.6%
Q1 2017-14.3%-18.2%-4.1%
Q4 2016-10.7%-10.9%-11.9%
Q3 2016-4.6%
Q2 2016+9.6%
Q1 2016+15.7%
Q4 2015+2.9%
Q3 2015+3.2%
Q2 2015+9.1%
Q1 2015+2.0%
Q4 2014-1.3%
Q3 2014-4.0%
Q2 2014-8.5%
Q1 2014+4.7%
Q4 2013-0.7%
Q3 2013+1.9%
Q2 2013-0.6%
Q1 2013-5.8%
Q4 2009-5.2%
Q4 2008-5.2%
Q4 2010-5.2%
Q4 2012-3.5%
Q3 2011-6.3%
Q3 2012-6.3%
Q2 2011+3.9%
Q2 2012+3.9%
Q4 2011+8.6%
Q1 2011+8.6%
Q1 2012+8.6%
Q3 2010+5.5%

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