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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 21.21 | 37.06 | 35.55 | 35.84 |
| EBITDA | 31.17 | 46.68 | 45.25 | 48.74 |
| EBIT | 21.05 | 37.01 | 35.26 | 36.17 |
| Pretax Income | 19.09 | 33.33 | 33.10 | 33.04 |
| Tax Provision | 4.05 | 7.56 | 8.12 | 8.65 |
| Net Income | 15.03 | 25.76 | 24.98 | 24.38 |
| Net Income Common Stockholders | 15.03 | 25.76 | 24.98 | 24.38 |
| Total Expenses | 433.91 | 459.92 | 434.09 | 537.53 |
| Interest Expense | 1.97 | 3.69 | 2.16 | 3.13 |
| Interest Income | 0 | 0 | 0 | 0 |
| Selling General And Administration | 88 | 99.88 | 97.62 | 105.94 |
| Normalized EBITDA | 31.18 | 46.71 | 45.29 | 48.82 |
| Normalized Income | 15.04 | 25.79 | 25 | 24.44 |
| Basic EPS | 0.55 | 0.92 | 0.86 | 0.82 |
| Diluted EPS | 0.54 | 0.88 | 0.83 | 0.79 |
| Tax Effect Of Unusual Items | 0 | -0.01 | -0.01 | -0.02 |
| Tax Rate For Calcs | 0.21 | 0.23 | 0.25 | 0.26 |
| Total Unusual Items | -0.01 | -0.04 | -0.03 | -0.07 |
| Total Unusual Items Excluding Goodwill | -0.01 | -0.04 | -0.03 | -0.07 |
| Net Income From Continuing Operation Net Minority Interest | 15.03 | 25.76 | 24.98 | 24.38 |
| Reconciled Depreciation | 10.12 | 9.66 | 10 | 12.57 |
| Reconciled Cost Of Revenue | 345.91 | 360.03 | 336.47 | 431.60 |
| Net Interest Income | -1.97 | -3.69 | -2.16 | -3.13 |
| Net Income From Continuing And Discontinued Operation | 15.03 | 25.76 | 24.98 | 24.38 |
| Total Operating Income As Reported | 21.20 | 37.03 | 35.52 | 35.77 |
| Diluted Average Shares | 27.99 | 29.32 | 30.07 | 30.83 |
| Basic Average Shares | 27.29 | 28.13 | 29.05 | 29.90 |
| Diluted NI Availto Com Stockholders | 15.03 | 25.76 | 24.98 | 24.38 |
| Net Income Including Noncontrolling Interests | 15.03 | 25.76 | 24.98 | 24.38 |
| Net Income Continuous Operations | 15.03 | 25.76 | 24.98 | 24.38 |
| Other Income Expense | -0.16 | -0.05 | -0.29 | 0.32 |
| Other Non Operating Income Expenses | -0.15 | -0.01 | -0.26 | 0.40 |
| Special Income Charges | -0.01 | -0.04 | -0.03 | -0.07 |
| Restructuring And Mergern Acquisition | 0.01 | 0.04 | 0.03 | 0.07 |
| Net Non Operating Interest Income Expense | -1.97 | -3.69 | -2.16 | -3.13 |
| Interest Expense Non Operating | 1.97 | 3.69 | 2.16 | 3.13 |
| Interest Income Non Operating | 0 | 0 | 0 | 0 |
| Operating Revenue | 455.12 | 496.98 | 469.64 | 573.38 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| LSI Industries Inc.this co. | LYTS | $840M | 30.97↑ premium | 2.77 | 10.6% | 17.77 |
| Daktronics, Inc. | DAKT | $928M | 34.62 | 3.13 | -3.7% | 9.89 |
| Aeva Technologies, Inc. | AEVA | $928M | - | 68.56 | -1100.5% | -7.43 |
| Cricut, Inc. | CRCT | $906M | 12.23 | 2.63 | 22.3% | 6.35 |
| indie Semiconductor, Inc. | INDI | $862M | - |
| 2.33 |
| -37.3% |
| -10.48 |
| Cantaloupe, Inc. | CTLP | $801M | 14.89 | 3.17 | 25.4% | 16.96 |
| Bandwidth Inc. | BAND | $775M | - | 1.90 | -3.2% | 34.20 |
| CEVA, Inc. | CEVA | $762M | - | 2.24 | -3.2% | -78.21 |
| Vishay Precision Group, Inc. | VPG | $748M | 140.68 | 2.22 | 1.6% | 27.99 |
| Peer Median | - | 24.75 | 2.48 | -3.2% | 8.12 | |