LSI Industries reported a strong fiscal second quarter with a 36% increase in net sales, driven by organic growth and the acquisition of EMI. The company's net income was $5.6 million, or $0.18 per diluted share, with adjusted net income at $8.0 million, or $0.26 per diluted share. Free cash flow generation was strong, leading to a reduced net debt ratio.
Net sales increased by 36% year-over-year to $147.7 million, with organic net sales up by 14%.
Adjusted net income reached $8.0 million, or $0.26 per diluted share.
Free cash flow for the quarter was $8.8 million.
Display Solutions segment experienced a 50% organic sales growth.
LSI Industries anticipates continued profitable growth into the second half of fiscal year 2025, supported by strong order rates, a robust backlog, and favorable demand conditions across most end-markets.
Visualization of income flow from segment revenue to net income