LSI Industries (NASDAQ:LYTS) Releases Earnings Results, Misses Expectations By $0.12 EPS

24 Apr 2026, 12:00 by Doug Wharley · The Cerbat Gem

LSI Industries (NASDAQ:LYTS – Get Free Report) announced its quarterly earnings data on Thursday. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.12), FiscalAI reports. The firm had revenue of $150.53 million during the quarter, compared to analysts’ expectations of $163.53 million. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%.

Here are the key takeaways from LSI Industries’ conference call:

The company reported a solid fiscal Q3: total sales rose 14% to $150.5M, adjusted EPS was $0.28, and adjusted EBITDA was $15.0M (10% of sales), with adjusted EBITDA excluding Royston up 26% year‑over‑year and margins improving ~130 bps.
Display Solutions materially outperformed—segment sales +14% and adjusted operating income +64% YoY—driven by grocery (orders +20%) and stronger C‑store activity, including a >$5M program award and a backlog above prior year.
Lighting showed near‑term softness: Q3 growth was only ~2%, the quote‑to‑order conversion cycle lengthened, and management expects Q4 lighting sales to decline mid‑single digits, which will pressure consolidated Q4 revenue growth.
LSI completed the Royston acquisition (six‑day stub in Q3), which management says is accretive to Display margins, expands capabilities across verticals and contributes to a pro forma revenue run‑rate approaching $900M (pro forma TTM net debt/EBITDA ~ 2.7x).
Strong cash generation continued with free cash flow of $11.8M in the quarter and management emphasized disciplined integration and operational improvements—note these are management statements and subject to execution risk.

LSI Industries Price Performance

LYTS traded down $0.37 during trading on Friday, hitting $22.30. 231,873 shares of the company traded hands, compared to its average volume of 251,337. The company has a market cap of $694.20 million, a PE ratio of 27.21 and a beta of 0.32. The stock’s 50-day simple moving average is $20.10 and its two-hundred day simple moving average is $20.28. LSI Industries has a 1 year low of $13.78 and a 1 year high of $24.75. The company has a current ratio of 2.15, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 12th. Investors of record on Monday, May 4th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, May 4th. LSI Industries’s dividend payout ratio (DPR) is presently 24.39%.

Analysts Set New Price Targets

LYTS has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Canaccord Genuity Group increased their price objective on shares of LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of LSI Industries from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Finally, HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of LSI Industries in a research note on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, LSI Industries has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Check Out Our Latest Stock Report on LSI Industries

Hedge Funds Weigh In On LSI Industries

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in LSI Industries by 3.2% during the third quarter. Vanguard Group Inc. now owns 1,657,475 shares of the construction company’s stock valued at $39,133,000 after acquiring an additional 50,722 shares in the last quarter. Geode Capital Management LLC grew its stake in LSI Industries by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 763,182 shares of the construction company’s stock valued at $13,985,000 after acquiring an additional 26,700 shares in the last quarter. Wellington Management Group LLP grew its stake in LSI Industries by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 649,378 shares of the construction company’s stock valued at $11,897,000 after acquiring an additional 28,700 shares in the last quarter. Kennedy Capital Management LLC grew its stake in LSI Industries by 163.7% during the third quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company’s stock valued at $8,015,000 after acquiring an additional 210,728 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in LSI Industries by 7.1% during the fourth quarter. New York State Common Retirement Fund now owns 315,011 shares of the construction company’s stock valued at $5,771,000 after acquiring an additional 20,996 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Company Profile

(Get Free Report)

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.