LSI Industries Inc. (NASDAQ: LYTS, “LSI” or the “Company”) a
leading U.S. based manufacturer of indoor/outdoor lighting and
display solutions, today announced results for the second quarter
of fiscal year 2022.
FISCAL SECOND QUARTER 2022
- Total net sales +45% y/y to $111.1 million, organic net sales
+19% y/y
- Lighting sales +27% y/y; Display Solution sales +72% y/y
- Net Income +41% y/y to $3.1 million, or $0.11 per diluted
share
- Adjusted net income +67% y/y to $4.2 million, or $0.15 per
diluted share
- Adjusted EBITDA +65% y/y to $8.4 million
LSI generated significant year-over-year growth in sales and
profitability in the fiscal second quarter, driven by a continued
recovery in non-residential construction activity, systemic gains
in targeted vertical markets, together with contributions from the
JSI Store Fixtures acquisition (“JSI”) completed in May 2021.
The Company reported net sales of $111.1 million in the fiscal
second quarter, an increase of 45% versus the prior year period.
Net sales, excluding contributions from the JSI acquisition,
increased 19% versus the fiscal second quarter of 2021. LSI
reported net income of $3.1 million, or $0.11 per diluted share, in
the second quarter, versus $2.2 million, or $0.08 per diluted share
in the prior year period.
The Company reported adjusted net income of $4.2 million, or
$0.15 per diluted share, compared to $2.5 million, or $0.09 per
diluted share last year. Adjusted operating income increased 90% on
a year-over-year basis to $5.9 million, while adjusted EBITDA
increased 65% to $8.4 million. A reconciliation of GAAP and
non-GAAP financial results is included in this press release.
The Company declared a regular cash dividend of $0.05 per share
payable February 15, 2022 to shareholders of record on February 7,
2022.
MANAGEMENT COMMENTARY
“Our solid fiscal second quarter performance reflects the
accelerating momentum building in our business,” stated James A.
Clark, President and Chief Executive Officer of LSI Industries.
“Entering the third quarter, demand conditions have improved,
contributing to organic growth across both our Lighting and Display
Solutions businesses,” continued Clark. “Sales exceeded $100
million for the second consecutive quarter, and increased
sequentially from our record first quarter. Our sales and earnings
improvement reflects effective execution of our vertical market
strategy and continued price management actions to counter ongoing
increases in input costs. The LSI team again navigated multiple
obstacles to deliver a successful quarter, managing ongoing supply
chain challenges including fluctuating supplier lead-times, transit
capacity issues, as well as widespread inflation.
“In view of heightened supply chain disruptions evidenced
throughout the pandemic, we’ve taken preemptive actions to ensure
uninterrupted product availability for both new and existing
customers,” continued Clark. “These actions have positioned us to
win new business, most notably capitalizing on short lead-time
opportunities. To that end, LSI was recently awarded a large order
from a leading international petroleum retailer whose construction
plan required immediate access to componentry and domestic
manufacturing capabilities. LSI was uniquely suited to fulfill this
time-sensitive customer order, further positioning us as a proven,
reliable partner, while demonstrating the value we place on
building customer trust and confidence in our company.
“Our vertical market strategy emphasizes close collaboration
with our customers, an approach that often positions us to
participate in new, emerging growth opportunities integral to their
future business development. For example, during the second
quarter, we initiated a turnkey solar installation for a petroleum
fueling station. The site included solar panels mounted on the fuel
canopy and car wash that will materially reduce the location’s
energy consumption, carbon footprint and operating expenses. The
turnkey solar installation supports the continued development of
LSI’s service business model, exhibiting full lifecycle project
capabilities that span from concept to installation.
“The Lighting segment delivered a solid quarter, generating
sales growth of 27%, with significant increases in both our project
business and sales through distributor stock. The increase in
project business was broad-based, with increases in select target
verticals such as warehousing, petroleum, parking, and automotive.
Distribution sales increased 25% over prior year, as distributors
continue to steadily increase inventory levels. New products
launched over the last twelve months were a major driver, with
market adoption rates continuing to increase. The Lighting segment
gross margin rate was 29.5% and operating income more than doubled
from the prior year, reflecting effective price management and
productivity, offsetting continued increases in input costs.
Lighting quotation and order rate activity remains favorable with a
fiscal second quarter book-to-bill ratio of above 1.0, a period
when historical seasonality has order rates trending measurably
below shipment levels. We exited the second quarter with a Lighting
backlog more than 30% above the prior-year period.
“Sales for the Display Solutions segment increased 72% versus
the prior year, including the incremental impact of the JSI
acquisition. Excluding the JSI acquisition, Display Solutions sales
increased 7% on a year-over-year basis. Adjusted operating income
increased to $4.0 million in the second quarter, representing 7.5%
of sales.
“Quotation and order activity remains favorable for Display
Solutions, most notably in the grocery market vertical. In the
quarter, JSI was awarded a $17 million order from one of the
nation’s largest grocery retailers. The order is for approximately
2,500 refrigerated display units for installation in over 800 store
locations throughout the United States, all to be delivered in the
third and fourth quarter of fiscal 2022. The award is the result of
the collaborative working relationship between JSI and the customer
to develop custom solutions, as well as proven performance in
servicing this customer. JSI is well-positioned for the future as
it continues to capitalize on the ongoing investment in
merchandising solutions by both national and regional grocery
chains.
“Proposal activity for potential programs in the petroleum
graphics and digital QSR market verticals are in development. Our
current large QSR digital signage program is creating opportunities
with additional banners under the customer flagship brand, with
both committed business and potential programs.
“Targeted, discretionary investments in componentry and select
finished inventories to support critical sales growth initiatives
resulted in a $25 million increase in total working capital during
the first half of fiscal 2022,” continued Clark. “As before,
disciplined balance sheet management, which includes an emphasis on
debt reduction, remains a management priority. At the end of the
second quarter, our ratio of net debt to trailing twelve months
Adjusted EBITDA was 2.8x.
Mr. Clark concluded, “We are incrementally more positive on the
outlook for the second half of fiscal 2022 than we were at the end
of the fiscal first quarter. Market indicators remain favorable,
while current quote, order and backlog levels are measurably above
last year. While the operating environment remains challenging, our
supply chain capabilities have proven an important point of
differentiation for our business, positioning us to achieve further
margin expansion as price escalations offset rising input
costs.”
CONFERENCE CALL
A conference call will be held today at 11:00 a.m. ET to review
the Company’s financial results and conduct a question-and-answer
session.
A webcast of the conference call and accompanying presentation
materials will be available in the Investor Relations section of
LSI Industries’ website at www.lsicorp.com. Individuals can also
participate by teleconference dial-in. To listen to a live
broadcast, go to the site at least 15 minutes prior to the
scheduled start time to register, download and install any
necessary audio software.
Details of the conference call are as follows:
Call
Dial-In: |
1-877-407-4018 |
Conference ID: |
13726268 |
|
|
Call Replay: |
1-844-512-2921 |
Replay Passcode: |
13726268 |
A replay of the conference call will be available between
January 27, 2022 and February 10, 2022. To listen to a replay of
the teleconference via webcast, please visit the Investor Relations
section of LSI Industries’ website at www.lsicorp.com.
ABOUT LSI INDUSTRIES
Headquartered in Greater Cincinnati, LSI is a publicly held
company with shares listed on the NASDAQ Stock Market under the
symbol LYTS. The Company manufactures non-residential lighting and
display solutions. Non-residential lighting consists of
high-performance, American-made lighting solutions. The Company’s
strength in outdoor lighting applications creates opportunities to
introduce additional solutions to its valued customers. Display
solutions consist of graphics solutions, digital signage, and
technically advanced food display equipment for strategic vertical
markets. LSI’s team of internal specialists also provide
comprehensive project management services in support of large-scale
product rollouts. The Company employs about 1,400 people at 11
manufacturing plants in the U.S. and Canada. Additional information
about LSI is available at www.lsicorp.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements.
Forward-looking statements may be identified by words such as
“estimates,” “anticipates,” “encourage,” “projects,” “plans,”
“expects,” “can,” “intends,” “believes,” “seeks,” “may,” “will,”
“should,” or the negative versions of those words and similar
expressions and by the context in which they are used. For details
on the uncertainties that may cause our actual results to be
materially different than those expressed in our forward-looking
statements, visit https://investors.lsicorp.com as well as our
Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q
which contain risk factors.
INVESTOR CONTACT
Noel Ryan,
IRC720.778.2415LYTS@vallumadvisors.com
Financial Highlights |
|
|
|
|
|
|
|
|
|
Three Months EndedDecember 31 |
|
|
|
Six Months EndedDecember 31 |
|
(Unaudited) |
|
|
2021 |
|
|
2020 |
|
% Change |
|
(In thousands, except per share data) |
|
|
2021 |
|
|
2020 |
|
% Change |
$ |
111,143 |
|
$ |
76,387 |
|
45% |
|
Net sales |
|
$ |
217,540 |
|
$ |
146,393 |
|
49% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,422 |
|
|
2,686 |
|
65% |
|
Operating income as reported |
|
|
8,866 |
|
|
4,888 |
|
81% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,130 |
|
|
397 |
|
185% |
|
Stock compensation expense |
|
|
1,686 |
|
|
902 |
|
87% |
|
340 |
|
|
- |
|
NM |
|
Acquisition costs |
|
|
340 |
|
|
- |
|
NM |
|
- |
|
|
21 |
|
-100% |
|
Severance costs |
|
|
- |
|
|
21 |
|
-100% |
|
- |
|
|
- |
|
NM |
|
Restructuring costs |
|
|
- |
|
|
3 |
|
-100% |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,892 |
|
$ |
3,104 |
|
90% |
|
Operating income as adjusted |
|
$ |
10,892 |
|
$ |
5,814 |
|
87% |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,105 |
|
$ |
2,208 |
|
41% |
|
Net income as reported |
|
$ |
6,238 |
|
$ |
4,198 |
|
49% |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,241 |
|
$ |
2,543 |
|
67% |
|
Net income as adjusted |
|
$ |
7,781 |
|
$ |
4,618 |
|
68% |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.11 |
|
$ |
0.08 |
|
38% |
|
Earnings per share (diluted) as reported |
|
$ |
0.22 |
|
$ |
0.15 |
|
47% |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
0.15 |
|
$ |
0.09 |
|
67% |
|
Earnings per share (diluted) as adjusted |
|
$ |
0.28 |
|
$ |
0.17 |
|
65% |
|
|
(amounts in
thousands) |
|
|
|
December
31, |
|
June
30, |
|
|
|
2021 |
|
2021 |
|
Working capital |
$ |
78,852 |
|
$ |
54,113 |
|
Total assets |
$ |
303,469 |
|
$ |
286,821 |
|
Long-term debt |
$ |
83,030 |
|
$ |
68,178 |
|
Other long-term liabilities |
$ |
13,762 |
|
$ |
16,578 |
|
Shareholders' equity |
$ |
138,886 |
|
$ |
131,170 |
|
Three Months Ended December 31, 2021
Results
Net sales for the three months ended December 31, 2021 were
$111.1 million, up 45% from the three months ended December 31,
2020 net sales of $76.4 million. Lighting Segment net sales of
$57.3 million increased 27% and Display Solutions Segment net sales
of $53.9 million increased 72% from last year’s second quarter net
sales. Net income for the three months ended December 31, 2021 was
$3.1 million, or $0.11 per share, compared to $2.2 million or $0.08
per share for the three months ended December 31, 2020. Earnings
per share represents diluted earnings per share.
Six Months Ended December 31, 2021
Results
Net sales for the six months ended December 31, 2021 were $217.5
million, up 49% from the six months ended December 31, 2020 net
sales of $146.4 million. Lighting Segment net sales of $108.5
million increased 20% and Display Solutions Segment net sales of
$109.0 million increased 95% from last year’s net sales. Net income
for the six months ended December 31, 2021 was $6.2 million, or
$0.22 per share, compared to $4.2 million or $0.15 per share for
the six months ended December 31, 2020. Earnings per share
represents diluted earnings per share.
Balance Sheet
The balance sheet at December 31, 2021 included current assets
of $146.6 million, current liabilities of $67.8 million and working
capital of $78.8 million, which includes cash of $0.9 million. The
current ratio was 2.2 to 1. The balance sheet also included
shareholders’ equity of $138.9 million and long-term debt of $83.0
million. It is the Company’s priority to continuously generate
sufficient cash flow, coupled with an approved credit facility, to
adequately fund operations.
Cash Dividend Actions
The Board of Directors declared a regular quarterly cash
dividend of $0.05 per share in connection with the second quarter
of fiscal 2022, payable February 15, 2022 to shareholders of record
as of the close of business on February 7, 2022. The indicated
annual cash dividend rate is $0.20 per share. The Board of
Directors has adopted a policy regarding dividends which provides
that dividends will be determined by the Board of Directors in its
discretion based upon its evaluation of earnings both on a GAAP and
non-GAAP basis, cash flow requirements, financial condition, debt
levels, stock repurchases, future business developments and
opportunities, and other factors deemed relevant by the Board.
Non-GAAP Financial Measures
This press release includes adjustments to GAAP operating
income, net income and earnings per share for the three and six
months ended December 31, 2021 and 2020. Operating income, net
income and earnings per share, which exclude the impact of stock
compensation expense, acquisition costs, severance costs and
restructuring costs, are non-GAAP financial measures. We exclude
these items because we believe they are not representative of the
ongoing results of operations of the business. Also included in
this press release are non-GAAP financial measures, including
Earnings Before Interest, Taxes, Depreciation and Amortization
(EBITDA and Adjusted EBITDA), Free Cash Flow and Organic Net Sales.
We believe that these are useful as supplemental measures in
assessing the operating performance of our business. These measures
are used by our management, including our chief operating decision
maker, to evaluate business results, and are frequently referenced
by those who follow the Company. These non-GAAP measures may be
different from non-GAAP measures used by other companies. In
addition, the non-GAAP measures are not based on any comprehensive
set of accounting rules or principles. Non-GAAP measures have
limitations, in that they do not reflect all amounts associated
with our results as determined in accordance with U.S. GAAP.
Therefore, these measures should be used only to evaluate our
results in conjunction with corresponding GAAP measures. Below is a
reconciliation of these non-GAAP measures to net income and
earnings per share reported for the periods indicated along with
the calculation of EBITDA, Adjusted EBITDA, Free Cash Flow and
Organic Net Sales.
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended |
|
|
|
Six Months
Ended |
December 31 |
|
|
|
December 31 |
2021 |
|
|
2020 |
|
|
(In thousands, except per share data) |
|
2021 |
|
|
2020 |
|
|
|
DilutedEPS |
|
|
DilutedEPS |
|
|
|
|
DilutedEPS |
|
|
DilutedEPS |
|
|
|
|
Reconciliation of net income to adjusted net
income |
|
|
|
|
$ |
3,105 |
$ |
0.11 |
|
$ |
2,208 |
$ |
0.08 |
|
Net income as reported |
|
$ |
6,238 |
$ |
0.22 |
|
$ |
4,198 |
|
$ |
0.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
867 |
|
0.03 |
|
|
318 |
|
0.01 |
|
Stock compensation expense |
|
|
1,274 |
|
0.05 |
|
|
698 |
|
|
0.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
269 |
|
0.01 |
|
|
- |
|
- |
|
Acquisition costs |
|
|
269 |
|
0.01 |
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
17 |
|
- |
|
Severance costs |
|
|
- |
|
|
|
17 |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
- |
|
- |
|
Restructuring costs |
|
|
- |
|
|
|
2 |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
- |
|
- |
|
Tax impact due to the change in the estimated annual
taxrate used for GAAP reporting purposes |
|
|
- |
|
- |
|
|
(297 |
) |
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,241 |
$ |
0.15 |
|
$ |
2,543 |
$ |
0.09 |
|
Net income adjusted |
|
$ |
7,781 |
$ |
0.28 |
|
$ |
4,618 |
|
$ |
0.17 |
|
NOTE: All adjustments are net of tax except for the
adjustment of the tax impact from the change in the estimated
annual tax rate |
Three Months EndedDecember 31 |
|
(Unaudited; In thousands) |
|
Six Months EndedDecember 31 |
|
EBITDA and Adjusted EBITDA |
|
2021 |
|
2020 |
|
% Change |
|
|
2021 |
|
2020 |
|
% Change |
$ |
4,422 |
|
|
$ |
2,686 |
|
|
65 |
% |
|
Operating Income as reported |
|
$ |
8,866 |
|
|
$ |
4,888 |
|
|
81 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,538 |
|
|
|
1,990 |
|
|
|
|
Depreciation and amortization |
|
|
5,101 |
|
|
|
4,023 |
|
|
|
$ |
6,960 |
|
|
$ |
4,676 |
|
|
49 |
% |
|
EBITDA |
|
$ |
13,967 |
|
|
$ |
8,911 |
|
|
57 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,130 |
|
|
|
397 |
|
|
|
|
Stock compensation expense |
|
|
1,686 |
|
|
|
902 |
|
|
|
|
340 |
|
|
|
- |
|
|
|
|
Acquisition costs |
|
|
340 |
|
|
|
- |
|
|
|
|
- |
|
|
|
21 |
|
|
|
|
Severance costs |
|
|
- |
|
|
|
21 |
|
|
|
|
- |
|
|
|
- |
|
|
|
|
Restructuring costs |
|
|
- |
|
|
|
3 |
|
|
|
$ |
8,430 |
|
|
$ |
5,094 |
|
|
65 |
% |
|
Adjusted EBITDA |
|
$ |
15,993 |
|
|
$ |
9,837 |
|
|
63 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months EndedDecember 31 |
|
(Unaudited; In thousands) |
|
Six Months EndedDecember 31 |
|
Free Cash Flow |
|
2021 |
|
2020 |
|
% Change |
|
|
2021 |
|
2020 |
|
% Change |
$ |
(8,654 |
) |
|
$ |
5,778 |
|
|
n/m |
|
Cash flow from operations |
|
$ |
(16,543 |
) |
|
$ |
13,417 |
|
|
NM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(448 |
) |
|
|
(475 |
) |
|
|
|
Capital expenditures |
|
|
(745 |
) |
|
|
(880 |
) |
|
|
$ |
(9,102 |
) |
|
$ |
5,303 |
|
|
n/m |
|
Free cash flow |
|
$ |
(17,288 |
) |
|
$ |
12,537 |
|
|
NM |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months EndedDecember 31 |
|
(Unaudited; In thousands) |
|
Six Months EndedDecember 31 |
|
Reconciliation of net sales to organic net
sales |
|
2021 |
|
2020 |
|
% Change |
|
|
2021 |
|
2020 |
|
% Change |
$ |
57,276 |
|
$ |
45,126 |
|
26.9 |
% |
|
Lighting Segment |
|
$ |
108,536 |
|
$ |
90,531 |
|
19.9 |
% |
$ |
53,867 |
|
$ |
31,261 |
|
72.3 |
% |
|
Display Solutions Segment |
|
$ |
109,004 |
|
$ |
55,862 |
|
95.1 |
% |
$ |
111,143 |
|
$ |
76,387 |
|
45.5 |
% |
|
Total Net Sales |
|
$ |
217,540 |
|
$ |
146,393 |
|
48.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,560 |
|
|
- |
|
|
|
JSI |
|
|
43,907 |
|
|
- |
|
|
$ |
90,583 |
|
$ |
76,387 |
|
18.6 |
% |
|
Total organic net sales |
|
$ |
173,633 |
|
$ |
146,393 |
|
18.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months EndedDecember 31 |
|
|
|
Six Months EndedDecember 31 |
|
|
|
2021 |
|
2020 |
|
% Change |
|
|
|
2021 |
|
2020 |
|
% Change |
$ |
53,867 |
|
$ |
31,261 |
|
72.3 |
% |
|
Display Solutions Segment |
|
$ |
109,004 |
|
$ |
55,862 |
|
95.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,560 |
|
|
- |
|
|
|
JSI |
|
|
43,907 |
|
|
- |
|
|
$ |
33,307 |
|
$ |
31,261 |
|
6.5 |
% |
|
Total Display Solutions Segment organic net
sales |
|
$ |
65,097 |
|
$ |
55,862 |
|
16.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Consolidated Statement of
Operations
Three Months EndedDecember 31 |
|
|
|
Six Months EndedDecember 31 |
|
(Unaudited) |
|
2021 |
|
2020 |
|
(In thousands, except per share data) |
|
2021 |
|
2020 |
$ |
111,143 |
|
$ |
76,387 |
|
|
Net sales |
|
$ |
217,540 |
|
$ |
146,393 |
|
|
|
|
|
|
|
|
|
|
|
85,695 |
|
|
56,676 |
|
|
Cost of products sold |
|
|
167,582 |
|
|
108,407 |
|
|
- |
|
|
5 |
|
|
Severance costs |
|
|
- |
|
|
5 |
|
|
- |
|
|
- |
|
|
Restructuring costs |
|
|
- |
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
25,448 |
|
|
19,706 |
|
|
Gross profit |
|
|
49,958 |
|
|
37,978 |
|
|
|
|
|
|
|
|
|
|
|
21,026 |
|
|
17,004 |
|
|
Selling and administrative costs |
|
|
41,092 |
|
|
33,074 |
|
|
- |
|
|
16 |
|
|
Severance costs |
|
|
- |
|
|
16 |
|
|
|
|
|
|
|
|
|
|
|
4,422 |
|
|
2,686 |
|
|
Operating Income |
|
|
8,866 |
|
|
4,888 |
|
|
|
|
|
|
|
|
|
|
|
9 |
|
|
(135 |
) |
|
Other expense (income) |
|
|
88 |
|
|
(240 |
) |
|
529 |
|
$ |
62 |
|
|
Interest expense, net |
|
|
763 |
|
|
119 |
|
|
|
|
|
|
|
|
|
|
|
3,884 |
|
|
2,759 |
|
|
Income before taxes |
|
|
8,015 |
|
|
5,009 |
|
|
|
|
|
|
|
|
|
|
|
779 |
|
|
551 |
|
|
Income tax |
|
|
1,777 |
|
|
811 |
|
|
|
|
|
|
|
|
|
|
$ |
3,105 |
|
$ |
2,208 |
|
|
Net income |
|
$ |
6,238 |
|
$ |
4,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Common Shares Outstanding |
|
|
|
|
|
|
|
|
27,292 |
|
|
26,639 |
|
|
Basic |
|
|
27,144 |
|
|
26,580 |
|
|
28,067 |
|
|
27,360 |
|
|
Diluted |
|
|
27,895 |
|
|
27,161 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per Share |
|
|
|
|
|
$ |
0.11 |
|
$ |
0.08 |
|
|
Basic |
|
$ |
0.23 |
|
$ |
0.16 |
|
$ |
0.11 |
|
$ |
0.08 |
|
|
Diluted |
|
$ |
0.22 |
|
$ |
0.15 |
|
Condensed Balance Sheet
|
|
(amounts in
thousands) |
|
|
|
December
31, |
|
June
30, |
|
|
|
2021 |
|
2021 |
|
Current assets |
$ |
146,643 |
|
$ |
125,008 |
|
Property, plant and equipment, net |
|
|
28,614 |
|
|
30,552 |
|
Other assets |
|
128,212 |
|
|
131,261 |
|
Total assets |
$ |
303,469 |
|
$ |
286,821 |
|
|
|
|
|
|
Current maturities of long-term debt |
|
$ |
3,571 |
|
$ |
- |
|
Other current liabilities |
|
|
64,220 |
|
|
70,895 |
|
Long-term debt |
|
83,030 |
|
|
68,178 |
|
Other long-term liabilities |
|
|
13,762 |
|
|
16,578 |
|
Shareholders' equity |
|
|
138,886 |
|
|
131,170 |
|
|
|
$ |
303,469 |
|
$ |
286,821 |
|
LSI Industries (NASDAQ:LYTS)
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Von Jun 2024 bis Jul 2024
LSI Industries (NASDAQ:LYTS)
Historical Stock Chart
Von Jul 2023 bis Jul 2024