NASDAQ$LYTS
LSI Industries Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
LSI Industries experienced substantial growth in Q3 2022, driven by increased demand and strategic acquisitions.
LSI Industries reported a strong fiscal third quarter with a 53% increase in net sales and a 146% increase in net income compared to the prior year. The company benefited from broad-based commercial demand, increased price realization, and contributions from the JSI Store Fixtures acquisition.
- Net sales increased by 53% year-over-year to $110.1 million, with organic net sales up 12%.
- Lighting sales grew by 25% year-over-year, while Display Solutions sales increased by 100%.
- Net income rose by 146% year-over-year to $3.6 million, resulting in earnings of $0.13 per diluted share.
- Adjusted EBITDA increased by 92% year-over-year to $8.5 million.
Headline financials
Revenue & EPS history
LSI · Revenue · Quarterly
$110M
Revenue by segment
LSI · $110M total across 2 segments · Q3 2022
- Lighting Segment$57.1M—51.9%
- Display Solutions$53M—48.1%
Forward guidance
LSI's business is in a strong position as they look to the fourth quarter and year ahead. Third quarter order rate was strong, achieving a book-to-bill ratio over 1.0. As a result, their backlog entering the fiscal fourth quarter increased sequentially from the third quarter, while being significantly above prior year levels. Market indicators remain favorable and quote levels remain at a high level.
Tailwinds
- Third quarter order rate was strong, achieving a book-to-bill ratio over 1.0.
- Backlog entering the fiscal fourth quarter increased sequentially from the third quarter.
- Backlog is significantly above prior year levels.
- Market indicators remain favorable.
- Quote levels remain at a high level.
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 Q3 2022
+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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