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Jun 30, 2024
LSI Q4 2024 Earnings Report
LSI Industries reported its Q4 2024 earnings, demonstrating solid execution on its vertical market strategy with emphasis on higher-value, fully integrated solutions.
Key Takeaways
LSI Industries reported a 4% increase in net sales to $129.0 million for the quarter, including $18.1 million contribution from the acquisition of EMI Industries. Net income was $5.7 million, including $1.0 million of acquisition-related expenses, while adjusted net income reached $7.3 million, or $0.24 per diluted share. The company generated $10.3 million in free cash flow and completed the acquisition of EMI Industries for $50 million in cash.
Net sales increased by 4% to $129.0 million compared to the prior year.
Net income was $5.7 million, including $1.0 million in acquisition-related expenses.
Adjusted net income was $7.3 million, or $0.24 per diluted share.
Free cash flow generation amounted to $10.3 million.
LSI
LSI
LSI Revenue by Segment
Revenue by Segment
Lighting Segment Revenue
CapyFin.comDisplay Solutions Revenue
CapyFin.com Forward Guidance
LSI expects another year of profitable growth in fiscal 2025, with growth expected to resume within the grocery vertical and a strong display solutions backlog for the refueling/c-store market.
Positive Outlook
- Underlying demand fundamentals for key markets remain healthy.
- Growth is expected to resume within the grocery vertical over the coming year.
- Display solutions backlog for the refueling/c-store market is strong entering fiscal 2025.
- Recent acquisition of EMI provides an even broader array of complementary products and solutions.
- Ability to serve the full project lifecycle provides meaningful opportunity to capture value across each phase of the project continuum.
Challenges Ahead
- Not enough information to provide 5 negative bullet points
Revenue & Expenses
Visualization of income flow from segment revenue to net income