LSI Q3 2021 Earnings Report

LSI Industries reported positive year-over-year growth in net sales, adjusted net income, adjusted EBITDA and cash flow.

Key Takeaways

LSI Industries reported a 2% increase in net sales to $72.2 million, a net income of $1.5 million, and an EPS of $0.05 for the third quarter of fiscal year 2021. The company's adjusted EBITDA increased to $4.4 million, and free cash flow was $10.6 million. The company declared a quarterly cash dividend of $0.05 per share.

Net Sales of $72.2 million, growth of 2% versus prior year

Net Income of $1.5 million; EPS of $0.05 per diluted share

Adjusted Net Income of $1.8 million, or $0.07 per diluted share

Free cash flow of $10.6 million versus $3.5 million prior year

Previous year: -$0.04

-275.0%