NASDAQ$LYTS

LSI Industries Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

LSI Industries reported significant growth in net sales and profitability, driven by improved demand and expansion in high-margin verticals.

LSI Industries reported a 53% increase in net sales and net income of $0.2 million for the fourth quarter of fiscal year 2021. The company's Display Solutions segment saw a 93% increase in sales, while the Lighting segment experienced a 30% increase. The acquisition of JSI Store Fixtures contributed to the company's growth.

  • Net sales increased 53% versus prior year, with organic sales increasing 39%.
  • Completed acquisition of JSI Store Fixtures on May 21, 2021.
  • Net Income was $0.2 million, with Adjusted Net Income of $3.3 million.
  • Diluted EPS was $0.01, including $0.08 of acquisition-related expenses.

Headline financials

Total Revenue

$97M

Previous: $63.5M+52.9%
EPS (adj)

$0.12

Previous: $0.06+100.0%
Organic Sales Growth

39.0%

No prior period
Capital Expenditures

$716K

Previous: $1.2M-40.4%
Free Cash Flow

$2.66M

Previous: $11.5M-76.9%
Net Income

$200K

Previous: $1.5M-86.7%
Operating Income

$3.7M

Previous: $1.85M+100.4%
Gross Profit

$22.9M

Previous: $15.8M+45.2%
Cash & Equivalents

$2.28M

Previous: $3.52M-35.1%
Total Assets

$287M

Previous: $172M+66.5%
Stock-Based Comp

$660K

Previous: $105K+528.6%

Revenue & EPS history

LSI · Revenue · Quarterly

$97M

Q4 2021+52.9%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
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 is well positioned entering fiscal 2022, with cross-selling opportunities between LSI and JSI creating a pathway for multi-year growth.

Tailwinds

  • Cross-selling opportunities between LSI and JSI are significant.
  • Acquisition-related synergies.
  • Organic investments in sales.
  • Organic investments in marketing.
  • Organic investments in new products.

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 Q4 2021

Historical avgQ4 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

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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