LSI Industries (LYTS) Declares $0.05 Quarterly Dividend; 1.6% Yield
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LSI Industries Reports Fiscal 2023 Fourth Quarter and Full-Year Results and Declares Quarterly Cash Dividend
August 17, 2023 7:00 AM EDTCINCINNATI--(BUSINESS WIRE)-- LSI Industries Inc. (Nasdaq: LYTS, LSI or the Company) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for its fiscal 2023 fourth quarter and full year ended June 30, 2023.
FISCAL 2023 FOURTH QUARTER
Net Sales $123.6 million; Lighting sales +5% y/y Net Income +63% y/y to $8.4 million, $0.28 per diluted share Adjusted Net Income +46% y/y of $8.8 million, $0.30 per diluted share EBITDA of $12.6million; Adjusted EBITDA $14.1 million or 11.4%/sales Free Cash Flow +94% y/y to $15.6... More