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Jun 30, 2020
LSI Q4 2020 Earnings Report
LSI Industries reported improved profitability and eliminated long-term debt.
Key Takeaways
LSI Industries Inc. announced Q4 fiscal 2020 results with improved net income of $1.5 million and EPS of $0.06. The company achieved a free cash flow of $11.5 million, eliminating all long-term debt. Sales declined by 22% due to the pandemic's impact and distributor de-stocking.
Net income increased to $1.5 million from $0.9 million year-over-year.
Earnings per share rose to $0.06 from $0.03 in the prior year.
Free cash flow was $11.5 million, leading to the elimination of all long-term debt.
The graphics facility relocation to Akron, OH was completed.