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Sep 30, 2024
LSI Q1 2025 Earnings Report
LSI reported strong commercial and operational execution, consistent profitability, solid free cash flow generation and successful integration of EMI Industries.
Key Takeaways
LSI Industries reported a 12% increase in net sales to $138.1 million, driven by the acquisition of EMI Industries. The company generated a net income of $6.7 million, or $0.22 per diluted share, and free cash flow of $11.1 million.
Net sales increased by 12% year-over-year to $138.1 million.
Net income was reported at $6.7 million, or $0.22 per diluted share.
Free cash flow generation amounted to $11.1 million.
Grocery vertical orders increased by 90% year-over-year.
LSI
LSI
LSI Revenue by Segment
Revenue by Segment
Lighting Segment Revenue
CapyFin.comDisplay Solutions Revenue
CapyFin.com Forward Guidance
LSI anticipates positive activity for Display Solutions in the fiscal second quarter with comparable sales expected to increase year-over-year, and backlog continuing to improve. The Lighting Segment performance is expected to improve in the second quarter, when compared to the year-ago period.
Positive Outlook
- Comparable sales for Display Solutions expected to increase year-over-year in Q2.
- Backlog for Display Solutions continuing to improve.
- Lighting Segment performance anticipated to improve in Q2 compared to the previous year.
- EMI continues to realize strong project quotation activity supported by a broad base of c-store, grocery and restaurant customer brands
- Integration of EMI is performing ahead of plan, with the collaboration with other divisions of LSI generating considerable cross-selling synergy opportunities across our comprehensive product and solution offerings.
Challenges Ahead
- Net sales declined year-over year due to lower levels of large project activity within the Lighting segment.
- Lengthening in the conversion period for large projects, particularly within the warehouse vertical, where construction starts have slowed.
Revenue & Expenses
Visualization of income flow from segment revenue to net income