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Jun 30, 2021
LSI Q4 2021 Earnings Report
LSI Industries reported significant growth in net sales and profitability, driven by improved demand and expansion in high-margin verticals.
Key Takeaways
LSI Industries reported a 53% increase in net sales and net income of $0.2 million for the fourth quarter of fiscal year 2021. The company's Display Solutions segment saw a 93% increase in sales, while the Lighting segment experienced a 30% increase. The acquisition of JSI Store Fixtures contributed to the company's growth.
Net sales increased 53% versus prior year, with organic sales increasing 39%.
Completed acquisition of JSI Store Fixtures on May 21, 2021.
Net Income was $0.2 million, with Adjusted Net Income of $3.3 million.
Diluted EPS was $0.01, including $0.08 of acquisition-related expenses.
LSI
LSI
Forward Guidance
LSI is well positioned entering fiscal 2022, with cross-selling opportunities between LSI and JSI creating a pathway for multi-year growth.
Positive Outlook
- Cross-selling opportunities between LSI and JSI are significant.
- Acquisition-related synergies.
- Organic investments in sales.
- Organic investments in marketing.
- Organic investments in new products.