NASDAQ$LYTS
LSI Industries Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
LSI Industries experienced improved year-over-year growth in profitability, driven by a higher margin sales mix in both Graphics and Lighting segments, which offset adverse market conditions from the COVID-19 pandemic.
LSI Industries reported net income of $2.2 million, or $0.08 per diluted share, for the fiscal second quarter, compared to $1.7 million, or $0.07 per diluted share, in the prior year period. The company generated free cash flow of $5.3 million and had no long-term debt.
- Net Income of $2.2 million, 27% above prior year
- Adjusted Net Income of $2.5 million, 47% above prior year
- EPS of $0.08 versus $0.07 prior year
- Free cash flow of $5.3 million, no long-term debt
Headline financials
Revenue & EPS history
LSI · Revenue · Quarterly
$76.4M
Revenue by segment
LSI · $45.1M total across 1 segment · Q2 2021
- Lighting Segment$45.1M-15.6%100.0%
Forward guidance
The company expects project activity to improve in the coming months, although the timing of project release activity may remain uneven during this period.
Tailwinds
- Expects that site installations for the digital solution project at a major QSR retailer will increase substantially during the second half of the fiscal year.
- Project quotation rates above prior year levels for the last several months.
- The pace of new product launch activity in Lighting continues to accelerate, as five new products were launched in the second quarter alone, along with several cost-down design programs and various feature and function enhancements.
- Looking forward, they expect to release a record number of new products in the second half of fiscal 2021.
- Investing in additional sales resources, intending to expand their sales team by approximately 10%.
Headwinds
- Market conditions remain impacted by the pandemic.
- The quote-to-order conversion period has lengthened, a reflection of the challenges evident in developing construction plans and installation schedules during the pandemic.
- The timing of project release activity may remain uneven during this period.
- Pandemic-related market disruptions may persist in the near-term.
- Lighting segment sales for the second quarter were flat with the first quarter, despite being adversely impacted by pandemic related factors during the period.
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 Q2 2021
+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
| Quarter | Report date | Reaction (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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