LSI Industries Inc. Reports Fiscal 2027 First Quarter Net Sales of $225.9 million and Declares $0.05 Dividend 06 Nov 2026 01:41

LSI Industries Inc. reported financial results for its fiscal 2027 first quarter ended September 30, 2026, with net sales of $225.9 million, representing a 44% increase year-over-year. This growth included contributions from the acquisition of Royston Group in March 2026, without which net sales declined 2% due to demand softness in the North American non-residential lighting market. The company reported net income of $7.1 million, or $0.19 per diluted share, and adjusted net income of $11.6 million, or $0.31 per adjusted diluted share.
Within its business segments, Display Solutions segment net sales increased 83% to $161.0 million, while organic sales excluding Royston increased 1%. Lighting segment net sales declined 6% to $64.8 million, reflecting soft demand across broader commercial and industrial markets. LSI Industries Inc. also announced the consolidation of manufacturing operations from its leased facility in Collingwood, Ontario, into an existing Toronto-area facility, which is expected to generate annual cost savings of over $1.0 million.
The company generated free cash flow of $13.8 million and reduced its total net debt outstanding by $14.3 million during the quarter, resulting in a net debt to proforma trailing twelve-month adjusted EBITDA ratio of 2.6x. Additionally, the Board of Directors declared a quarterly cash dividend of $0.05 per share, payable on November 24, 2026, to shareholders of record on November 16, 2026.
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This story originally appeared on Fintel.