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LSI Industries
LSI Industries (LYTS) investor relations material
LSI Industries Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary22 Jan, 2026
Executive summary
Q2 FY2026 net sales were $147.0 million, flat year-over-year, with strong 15% growth in Lighting offsetting a decline in Display Solutions; profitability and free cash flow improved, reflecting solid execution against tough prior-year comparisons.
Adjusted EBITDA rose to $13.4 million (9.1% of sales), and free cash flow reached $23.3 million, supporting a $22.7 million reduction in total debt and ending with a net leverage ratio of 0.4.
Integration of recent acquisitions (EMI, JSI, Canada's Best) is progressing, with a focus on culture, operational efficiency, and cross-selling opportunities.
A quarterly cash dividend of $0.05 per share was declared, payable February 10, 2026.
Financial highlights
Adjusted net income was $8.4 million ($0.26 adjusted diluted EPS), modestly above prior year; adjusted EBITDA margin improved to 9.1%.
Lighting segment adjusted gross margin improved by 190 basis points year-over-year to 34.6%; display solutions gross margin improved by 30 basis points despite lower volume.
Cash and availability under the amended financing facility is approximately $100 million.
Six-month net sales increased 6% year-over-year to $304.3 million; net income for the period was $13.6 million ($0.43 diluted EPS).
Outlook and guidance
Expect continued above-market growth for the year, supported by strong order trends, healthy backlog, and secular growth in key verticals.
Lighting segment momentum expected to continue into the second half of FY2026, with book-to-bill above one and improved backlog; orders exited Q2FY26 10% above prior-year levels.
Display Solutions segment saw a 20% year-over-year increase in Grocery vertical orders, supporting improved backlog.
Q3 is historically the toughest quarter, but management expects to outperform the prior year.
Grocery vertical program pipeline details?
Explain Q2 organic sales decline despite Lighting growth?
Capital deployment strategy for Fast Forward plan?
Compare casual dining project visibility to QSR
What leverage ratio for exponential M&A?
Update on US banking vertical traction?
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Next LSI Industries earnings date
Q3 202623 Apr, 2026
LSI Industries
Next LSI Industries earnings date
Q3 202623 Apr, 2026
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Frequently asked questions
LSI Industries Inc. designs, manufactures, and markets lighting and graphics solutions. The company serves commercial, industrial, and retail sectors with indoor and outdoor LED lighting systems, signage, and visual image elements. The company is headquartered in Cincinnati, Ohio, and its shares are listed on the NASDAQ.
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