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LSI Industries
LSI Industries (LYTS) investor relations material
LSI Industries Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 earnings summary5 Nov, 2026
Executive summary
Q1 FY27 net sales rose 44% YoY to $225.9M including Royston; organic sales declined 2%.
Adjusted EBITDA increased 41% to $22.2M; adjusted EBITDA margin was 9.8% versus 10.0% YoY.
Free cash flow was $13.8M and net debt declined $14.3M QoQ; resilient Refueling/C-Store and Grocery demand supported execution amid Lighting and QSR softness.
Financial highlights
Reported operating income was $14.2M versus $11.0M, up 29%; adjusted operating income was $19.4M versus $14.0M, up 38%.
Reported net income was $7.1M versus $7.3M; adjusted net income was $11.6M, with adjusted diluted EPS of $0.31 flat YoY.
Adjusted gross margin was 23.2% versus 25.6%, reflecting less favorable sales mix and lower-margin backlog cycling.
Operating cash flow was $15.2M versus $0.7M; free cash flow was $13.8M versus negative $0.3M.
Outlook and guidance
Net leverage is expected to reach 2.0x or lower within 12–18 months, and below 2.0x at or before FY28 year-end, supported by continued free cash flow and deleveraging.
A 2,500-site Refueling/C-Store refresh is proceeding as planned, with activity expected to ramp through FY27 and FY28.
A 3,000-store QSR interior renovation is scheduled to begin late in Q3 FY27 and continue for three years; the business was selected as one of three providers.
Lighting targets above-market growth, though longer quote-to-order cycles persist; an updated Fast Forward plan extending to 2032 is expected in mid-December, with the 12.5% EBITDA objective reiterated.
SignResource targets a 200+ bps adjusted margin increase in Q2 versus Q1; Collingwood consolidation is expected to generate over $1M in annual savings.
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Latest events from LSI Industries
- Proposal 4 passes with a majority of common shares voting.LYTS
Proxy filing - Q4 growth and Royston broaden the platform as free cash flow supports deleveraging.LYTSInvestor presentation
- Four votes cover seven director seats, auditor ratification, say-on-pay, and a 2026 incentive plan.LYTSProxy filing
- FY26 growth, four shareholder votes, and a proposed 2.1 million-share incentive plan.LYTSProxy filing
- Record sales and EBITDA, with margin headwinds expected to ease by late FY27.LYTSQ4 2026
- Q3FY26 saw 14% sales growth and a major acquisition, accelerating vertical market expansion.LYTSInvestor presentation
- Net sales rose 14% and adjusted net income surged 52%, driven by acquisitions and strong segment growth.LYTSQ3 2026
- $325M acquisition expands integrated retail solutions, boosting scale, synergies, and growth.LYTSM&A announcement
- Sales up 12% year-over-year, led by Display Solutions and EMI; Lighting segment declined.LYTSQ1 2025
Next LSI Industries earnings date
Q2 202721 Jan, 2027
LSI Industries
Next LSI Industries earnings date
Q2 202721 Jan, 2027
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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.