LSI Industries Q4 Sales Jump 51% on Royston Deal, Adjusted EPS $0.38
LYTS sits 42% above its 52-week low of $17.205.
Summary
LSI Industries reported fiscal Q4 net sales of $234.6 million, up 51% year-over-year, driven by the first full quarter of Royston Group contributions and 8% organic growth. Adjusted EPS came in at $0.38, up 13% from $0.34 a year ago, while GAAP EPS fell to $0.18 due to acquisition costs. Full-year adjusted EPS rose 17% to $1.25 on record sales of $689.4 million. The company also declared a regular quarterly dividend of $0.05 per share. Management highlighted a new multi-year program with a large oil company to renovate approximately 2,500 sites, a $30 million refueling/c-store award not yet in order rates, and expects Royston project activity to ramp in fiscal 2027. The balance sheet shows net debt to proforma TTM adjusted EBITDA of 2.7x, with $95 million available under its credit facility.
At the time of this announcement, LYTS was trading at $24.49 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $883.3M. The 52-week trading range was $17.21 to $27.36. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.