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Jun 30, 2023
LSI Q4 2023 Earnings Report
Reported fourth quarter and full-year results and declared quarterly cash dividend.
Key Takeaways
LSI Industries reported a solid fourth quarter, with net sales of $123.6 million and net income of $8.4 million, driven by favorable demand, new product adoption, price discipline, and strong execution. The company's free cash flow increased significantly, and it continued to reduce net debt.
Net sales reached $123.6 million, with lighting sales increasing by 5% year-over-year.
Net income increased by 63% year-over-year to $8.4 million, or $0.28 per diluted share.
Adjusted EBITDA was $14.1 million, representing 11.4% of sales.
Free cash flow increased by 94% year-over-year to $15.6 million.
Revenue by Segment
Forward Guidance
The next step in our path to sustained growth in sales and profitability begins with fiscal 2024, and the LSI leadership team is confident in its ability to achieve these goals and create additional value for our customers, employees, and investors
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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