LSI Industries (LYTS) Declares $0.05 Quarterly Dividend; 2.9% Yield
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LSI Industries Inc. Reports Operating Results for the Second Quarter Ended December 31, 2017, and Declares Regular Cash Dividend
January 25, 2018 6:45 AM ESTCINCINNATI, Jan. 25, 2018 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ: LYTS) today announced:Â
Second Quarter Summary
Sales increased 8% compared to Q2 of the prior yearAdjusted Operating Income increased 31%, with adjusted operating margin improving 90 basis points Adjusted Net Income increased 32% versus prior year (see reconciliation in Non-GAAP items below)Recorded one-time incremental $4.7 million after-tax charge to reduce the value of its deferred tax assets related to the new Tax Cuts and Jobs Act legislation GAAP... More