LSI Industries Reports Fiscal Third Quarter 2020 Results and Declares Quarterly Cash Dividend
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LSI Industries (LYTS) Tops Q3 EPS by 3c
April 23, 2020 6:39 AM EDTLSI Industries (NASDAQ: LYTS) reported Q3 EPS of ($0.04), $0.03 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $71 million versus the consensus estimate of $70.98 million.
Third Quarter 2020 Highlights
Sales of $71.0 million reflects shift to higher margin sales mixEPS of $0.07 versus ($0.12) prior yearNet Income $1.9 million compared to Net Loss of ($3.2) million last year EBITDA $4.7 million versus $0.3 million prior yearFree Cash Flow of $3.5 millionNet Debt reduced to $7.1 million, decrease of $35.0 million from prior yearReceived cash proceeds of $7.6 million from facility saleManagement... More
