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LSI Industries Inc. manufactures, markets, and sells non-residential lighting and retail display solutions in the United States. The company operates through Lighting and Display Solutions segments. The Lighting segment offers outdoor and indoor lighting fixture and controls solutions, including sensors, photocontrols, dimming, motion detection, and circuit controllers. The Display Solutions segment provides exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, digital menu board systems, refrigerated displays, and custom display elements. It also offers signage and canopy, pump dispenser, building fascia graphics, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, refrigerated food and beverage displays, check-out counters, and an array of merchandising displays and cabinetry. In addition, the company provides various project management services, including installation management, site surveys, permitting, and content management. It serves across various vertical markets, such as refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse. LSI Industries Inc. was founded in 1976 and is based in Cincinnati, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $573M | $49M | $24M | $35M | 10.6% | 22.1% | -2.4% |
| 2024 | $470M | $45M | $25M | $38M | 12.2% | -5.5% | -3.0% |
| 2023 | $497M | $47M | $26M | $46M | 14.5% | 9.2% | 71.4% |
| 2022 | $455M | $31M | $15M | $-6M | 10.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 455.12 | 496.98 | 469.64 | 573.38 |
| Operating Revenue | - | 455.12 | 496.98 | 469.64 | 573.38 |
| Cost Of Revenue | - | 345.91 | 360.03 | 336.47 | 431.60 |
| Gross Profit | - | 109.21 | 136.94 | 133.17 | 141.78 |
| Operating Expense | - | 88 | 99.88 | 97.62 | 105.94 |
| Selling General And Administration | - | 88 | 99.88 | 97.62 | 105.94 |
| Total Expenses | - | 433.91 | 459.92 | 434.09 | 537.53 |
| Operating Income | - | 21.21 | 37.06 | 35.55 | 35.84 |
| Total Operating Income As Reported | - | 21.20 | 37.03 | 35.52 | 35.77 |
| EBITDA | - | 31.17 | 46.68 | 45.25 | 48.74 |
| Normalized EBITDA | - | 31.18 | 46.71 | 45.29 | 48.82 |
| EBIT | - | 21.05 | 37.01 | 35.26 | 36.17 |
| Interest Income | 0.02 | 0 | - | - | - |
| Interest Expense | - | 1.97 | 3.69 | 2.16 | 3.13 |
| Net Interest Income | - | -1.97 | -3.69 | -2.16 | -3.13 |
| Other Non Operating Income Expenses | - | -0.15 | -0.02 | -0.26 | 0.40 |
| Other Income Expense | - | -0.16 | -0.05 | -0.29 | 0.32 |
| Interest Income Non Operating | 0.02 | 0 | - | - | - |
| Interest Expense Non Operating | - | 1.97 | 3.69 | 2.16 | 3.13 |
| Net Non Operating Interest Income Expense | - | -1.97 | -3.69 | -2.16 | -3.13 |
| Pretax Income | - | 19.08 | 33.33 | 33.10 | 33.04 |
| Tax Provision | - | 4.05 | 7.56 | 8.12 | 8.65 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.01 | -0.01 | -0.02 |
| Net Income Continuous Operations | - | 15.03 | 25.76 | 24.98 | 24.38 |
| Net Income From Continuing And Discontinued Operation | - | 15.03 | 25.76 | 24.98 | 24.38 |
| Net Income From Continuing Operation Net Minority Interest | - | 15.03 | 25.76 | 24.98 | 24.38 |
| Net Income | - | 15.03 | 25.76 | 24.98 | 24.38 |
| Net Income Common Stockholders | - | 15.03 | 25.76 | 24.98 | 24.38 |
| Net Income Including Noncontrolling Interests | - | 15.03 | 25.76 | 24.98 | 24.38 |
| Normalized Income | - | 15.04 | 25.79 | 25 | 24.44 |
| Diluted NI Availto Com Stockholders | - | 15.03 | 25.76 | 24.98 | 24.38 |
| Basic Average Shares | - | 27.29 | 28.13 | 29.05 | 29.90 |
| Diluted Average Shares | - | 27.99 | 29.32 | 30.07 | 30.83 |
| Reconciled Depreciation | - | 10.12 | 9.66 | 10 | 12.58 |
| Reconciled Cost Of Revenue | - | 345.91 | 360.03 | 336.47 | 431.60 |
| Total Unusual Items | - | -0.01 | -0.04 | -0.03 | -0.08 |
| Total Unusual Items Excluding Goodwill | - | -0.01 | -0.04 | -0.03 | -0.08 |
| Special Income Charges | - | -0.01 | -0.04 | -0.03 | -0.08 |
| Restructuring And Mergern Acquisition | - | 0.01 | 0.04 | 0.03 | 0.08 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| LSI Industries Inc.this co. | LYTS | $850M | 34.84↑ premium | 3.68 | 10.6% | 18.73 |
| ZoomInfo Technologies Inc. | GTM | $893M | 7.19 | 0.59 | 8.2% | 7.02 |
| Cricut, Inc. | CRCT | $867M | 11.30 | 2.52 | 22.3% | 4.54 |
| EFOR | EFOR | $845M | 7.44 | 0.47 | 6.3% | 5.39 |
| Viant Technology Inc. | DSP | $835M | 99.94 |
| - |
| - |
| - |
| - |
| - |
| 10.16 |
| 10.2% |
| 21.61 |
| ASGN Incorporated | ASGN | $834M | 7.35 | 0.46 | 6.3% | 5.36 |
| Cantaloupe, Inc. | CTLP | $826M | 12.91 | 3.25 | 25.2% | 19.06 |
| Ibotta, Inc. | IBTA | $764M | 213.61 | 2.65 | 1.2% | 80.56 |
| Red Violet, Inc. | RDVT | $763M | 58.01 | 7.56 | 13.0% | 30.34 |
| Peer Median | - | 12.11 | 2.59 | 9.2% | 13.04 | |