LSI Industries (LYTS) Financials

$15.80 +0.08 (+0.51%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$15.80 -0.01 (-0.03%)

As of 04/17/2025 04:05 PM Eastern

Annual Income Statements for LSI Industries

This table shows LSI Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	15	26	25
Consolidated Net Income / (Loss)	15	26	25
Net Income / (Loss) Continuing Operations	15	26	25
Total Pre-Tax Income	19	33	33
Total Operating Income	21	37	36
Total Gross Profit	109	137	133
Total Revenue	455	497	470
Operating Revenue	455	497	470
Total Cost of Revenue	346	360	336
Operating Cost of Revenue	346	360	336
Total Operating Expenses	88	100	98
Selling, General & Admin Expense	88	100	98
Other Operating Expenses / (Income)	0.01	0.04	0.03
Total Other Income / (Expense), net	-1.82	-3.70	-2.42
Interest Expense	1.97	3.69	2.16
Other Income / (Expense), net	0.15	-0.02	-0.26
Income Tax Expense	4.05	7.56	8.12
Basic Earnings per Share	$0.55	$0.92	$0.86
Weighted Average Basic Shares Outstanding	27.29M	28.13M	29.05M
Diluted Earnings per Share	$0.54	$0.88	$0.83
Weighted Average Diluted Shares Outstanding	27.99M	29.32M	30.07M
Weighted Average Basic & Diluted Shares Outstanding	26.88M	28.55M	29.74M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20

This table shows LSI Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	5.47	6.26	6.42	4.67	8.41	8.03	5.91	5.38	5.67	6.68	5.65
Consolidated Net Income / (Loss)	5.18	6.26	6.42	4.67	8.41	8.03	5.91	5.38	5.67	6.68	5.65
Net Income / (Loss) Continuing Operations	5.47	6.26	6.42	4.67	8.41	8.03	5.91	5.38	5.67	6.68	5.65
Total Pre-Tax Income	6.38	9.02	7.84	6.93	9.55	10	7.40	7.45	7.89	8.32	7.35
Total Operating Income	7.17	10	9.04	7.73	10	11	7.82	7.66	9.01	9.13	8.46
Total Gross Profit	32	35	34	32	36	37	32	31	34	34	35
Total Revenue	127	127	129	117	124	123	109	108	129	138	148
Operating Revenue	127	127	129	117	124	123	109	108	129	138	148
Total Cost of Revenue	95	92	95	85	88	87	77	77	95	104	113
Operating Cost of Revenue	95	92	95	85	88	87	77	77	95	104	113
Total Operating Expenses	25	25	25	24	26	26	24	24	25	25	26
Selling, General & Admin Expense	25	25	25	24	26	26	24	24	25	25	26
Total Other Income / (Expense), net	-0.50	-1.00	-1.20	-0.81	-0.69	-0.66	-0.42	-0.21	-1.12	-0.81	-1.11
Interest Expense	0.68	0.79	1.26	0.88	0.76	0.57	0.45	0.13	1.00	0.88	0.73
Other Income / (Expense), net	0.18	-0.21	0.06	0.07	0.07	-0.10	0.03	-0.08	-0.12	0.06	-0.38
Income Tax Expense	1.20	2.76	1.42	2.26	1.13	2.34	1.49	2.08	2.22	1.64	1.70
Basic Earnings per Share	$0.19	$0.23	$0.23	$0.16	$0.30	$0.28	$0.20	$0.18	$0.20	$0.23	$0.19
Weighted Average Basic Shares Outstanding	27.29M	27.64M	28.08M	28.31M	28.13M	28.76M	29.02M	29.16M	29.05M	29.59M	29.93M
Diluted Earnings per Share	$0.19	$0.22	$0.22	$0.16	$0.28	$0.27	$0.20	$0.18	$0.18	$0.22	$0.18
Weighted Average Diluted Shares Outstanding	27.99M	28.66M	29.20M	29.61M	29.32M	29.96M	30.04M	30.12M	30.07M	30.53M	30.88M
Weighted Average Basic & Diluted Shares Outstanding	26.88M	-	28.17M	28.37M	28.55M	28.92M	29.07M	29.13M	29.74M	29.84M	29.92M
Cash Dividends to Common per Share	-	$0.20	$0.20	-	-	$0.20	$0.20	$0.05	-	$0.20	$0.20

This table details how cash moves in and out of LSI Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	0.18	-0.63	2.28
Net Cash From Operating Activities	-3.86	50	43
Net Cash From Continuing Operating Activities	-3.86	50	43
Net Income / (Loss) Continuing Operations	15	26	25
Consolidated Net Income / (Loss)	15	26	25
Depreciation Expense	10	9.66	10.00
Non-Cash Adjustments To Reconcile Net Income	6.01	6.74	3.56
Changes in Operating Assets and Liabilities, net	-35	7.42	4.85
Net Cash From Investing Activities	-1.57	-3.20	-55
Net Cash From Continuing Investing Activities	-1.57	-3.20	-55
Purchase of Property, Plant & Equipment	-2.12	-3.21	-5.39
Acquisitions	-	0.00	-50
Sale of Property, Plant & Equipment	0.05	0.01	0.04
Net Cash From Financing Activities	5.63	-47	14
Net Cash From Continuing Financing Activities	5.63	-47	14
Repayment of Debt	-162	-198	-140
Payment of Dividends	-5.32	-5.44	-5.74
Issuance of Debt	173	154	159
Other Financing Activities, net	-0.49	2.69	1.02
Other Net Changes in Cash	-0.02	0.13	-0.17

This table details how cash moves in and out of LSI Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	1.21	6.57	-6.26	-1.42	0.48	1.71	-0.87	4.52	-3.07	2.86	-2.26
Net Cash From Operating Activities	8.81	11	9.48	12	17	11	9.28	12	11	12	9.89
Net Cash From Continuing Operating Activities	8.81	11	9.48	12	17	11	9.28	12	11	12	9.89
Net Income / (Loss) Continuing Operations	5.18	6.26	6.42	4.67	8.42	8.03	5.91	5.38	5.67	6.68	5.65
Consolidated Net Income / (Loss)	5.18	6.26	6.42	4.67	8.42	8.03	5.91	5.38	5.67	6.68	5.65
Depreciation Expense	2.49	2.42	2.42	2.46	2.37	2.37	2.36	2.42	2.86	2.94	3.02
Non-Cash Adjustments To Reconcile Net Income	5.24	0.67	-1.33	1.48	5.92	3.16	0.38	-1.27	1.29	3.38	-0.49
Changes in Operating Assets and Liabilities, net	-4.09	1.23	1.98	3.88	0.34	-2.97	0.64	5.76	1.42	-1.16	1.72
Net Cash From Investing Activities	-0.80	-0.43	-0.56	-0.76	-1.45	-1.39	-1.93	-1.27	-51	-0.82	-1.02
Net Cash From Continuing Investing Activities	-0.80	-0.43	-0.56	-0.76	-1.45	-1.39	-1.93	-1.27	-51	-0.82	-1.02
Purchase of Property, Plant & Equipment	-0.85	-0.43	-0.56	-0.76	-1.45	-1.39	-1.96	-1.28	-0.76	-0.76	-1.07
Net Cash From Financing Activities	-6.77	-3.59	-15	-13	-15	-7.44	-8.29	-6.67	37	-8.06	-11
Net Cash From Continuing Financing Activities	-6.77	-3.59	-15	-13	-15	-7.44	-8.29	-6.67	37	-8.06	-11
Repayment of Debt	-48	-47	-55	-48	-48	-49	-47	-5.77	-38	-47	-49
Payment of Dividends	-1.33	-1.41	-1.29	-1.37	-1.37	-1.38	-1.45	-1.45	-1.46	-1.48	-1.49
Issuance of Debt	43	45	40	35	33	43	40	0.60	75	41	40
Other Financing Activities, net	-0.07	-0.13	0.82	1.41	0.58	0.47	0.31	-0.05	0.29	-0.04	-0.09
Other Net Changes in Cash	-0.03	0.01	0.01	0.06	0.05	-0.06	0.07	0.03	-0.21	-0.11	-0.05

This table presents LSI Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	311	296	349
Total Current Assets	159	150	162
Cash & Equivalents	2.46	1.83	4.11
Note & Lease Receivable	78	78	79
Inventories, net	74	64	71
Prepaid Expenses	3.24	3.53	5.65
Current Deferred & Refundable Income Taxes	1.04	3.12	3.20
Plant, Property, & Equipment, net	27	25	33
Plant, Property & Equipment, gross	98	99	107
Accumulated Depreciation	71	74	74
Total Noncurrent Assets	125	121	153
Goodwill	45	45	57
Intangible Assets	68	63	74
Other Noncurrent Operating Assets	12	13	22
Total Liabilities & Shareholders' Equity	311	296	349
Total Liabilities	163	119	144
Total Current Liabilities	77	77	79
Short-Term Debt	3.57	3.57	3.57
Accounts Payable	35	29	32
Accrued Expenses	39	44	43
Total Noncurrent Liabilities	86	42	65
Long-Term Debt	76	32	51
Other Noncurrent Operating Liabilities	10	10	15
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	148	178	204
Total Preferred & Common Equity	148	178	204
Preferred Stock	0.00	0.00	0.00
Total Common Equity	148	178	204
Common Stock	140	149	156
Retained Earnings	8.22	29	48
Accumulated Other Comprehensive Income / (Loss)	0.05	0.34	0.20
Other Equity Adjustments	0.00	0.00	0.00

This table presents LSI Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Total Assets	296	291	302	288	288	350	345
Total Current Assets	149	146	154	141	143	167	163
Cash & Equivalents	2.77	1.35	3.53	2.66	7.18	6.97	4.71
Note & Lease Receivable	67	69	82	72	69	81	81
Inventories, net	73	68	63	60	60	71	69
Prepaid Expenses	4.38	4.62	3.96	4.39	4.60	5.52	5.32
Current Deferred & Refundable Income Taxes	1.33	2.91	1.35	2.03	2.65	2.40	2.68
Plant, Property, & Equipment, net	26	25	26	26	26	32	32
Plant, Property & Equipment, gross	99	99	99	100	100	107	108
Accumulated Depreciation	73	74	73	74	74	75	77
Total Noncurrent Assets	121	120	122	120	118	150	150
Goodwill	45	45	45	45	45	57	57
Intangible Assets	66	64	62	61	60	73	71
Other Noncurrent Operating Assets	11	11	15	14	14	20	21
Total Liabilities & Shareholders' Equity	296	291	302	288	288	350	345
Total Liabilities	135	123	115	95	90	138	127
Total Current Liabilities	64	66	78	66	66	80	79
Short-Term Debt	3.57	3.57	3.57	3.57	3.57	3.57	3.57
Accounts Payable	27	25	34	23	26	34	32
Accrued Expenses	33	38	41	39	37	43	43
Total Noncurrent Liabilities	71	57	37	29	23	58	49
Long-Term Debt	59	46	25	18	13	44	35
Other Noncurrent Operating Liabilities	12	11	12	11	10	14	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	161	168	187	193	198	211	217
Total Preferred & Common Equity	161	168	187	193	198	211	217
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	161	168	187	193	198	211	217
Common Stock	143	146	151	153	154	158	160
Retained Earnings	18	22	35	40	44	53	57
Accumulated Other Comprehensive Income / (Loss)	0.12	0.24	0.28	0.35	0.39	0.09	0.05
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from LSI Industries' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	44.20%	9.20%	-5.50%
EBITDA Growth	93.07%	48.34%	-3.05%
EBIT Growth	160.86%	73.37%	-4.75%
NOPAT Growth	180.53%	71.41%	-6.37%
Net Income Growth	156.17%	71.38%	-3.05%
EPS Growth	157.14%	62.96%	-5.68%
Operating Cash Flow Growth	-113.79%	1,383.67%	-12.50%
Free Cash Flow Firm Growth	83.84%	482.25%	-139.28%
Invested Capital Growth	14.13%	-6.20%	20.63%
Revenue Q/Q Growth	7.17%	-0.77%	1.16%
EBITDA Q/Q Growth	26.88%	6.47%	-2.08%
EBIT Q/Q Growth	42.36%	8.67%	-3.95%
NOPAT Q/Q Growth	50.00%	12.84%	-8.55%
Net Income Q/Q Growth	49.51%	14.38%	-9.91%
EPS Q/Q Growth	50.00%	11.39%	-10.75%
Operating Cash Flow Q/Q Growth	58.43%	19.91%	-12.05%
Free Cash Flow Firm Q/Q Growth	-189.56%	19.41%	-144.40%
Invested Capital Q/Q Growth	-0.60%	-2.32%	22.57%
Profitability Metrics	-	-	-
Gross Margin	24.00%	27.56%	28.36%
EBITDA Margin	6.91%	9.39%	9.64%
Operating Margin	4.66%	7.45%	7.56%
EBIT Margin	4.69%	7.45%	7.51%
Profit (Net Income) Margin	3.30%	5.18%	5.32%
Tax Burden Percent	78.76%	77.30%	75.46%
Interest Burden Percent	89.40%	90.04%	93.88%
Effective Tax Rate	21.24%	22.70%	24.54%
Return on Invested Capital (ROIC)	7.91%	13.13%	11.52%
ROIC Less NNEP Spread (ROIC-NNEP)	5.58%	7.96%	7.15%
Return on Net Nonoperating Assets (RNNOA)	2.86%	2.70%	1.56%
Return on Equity (ROE)	10.78%	15.84%	13.08%
Cash Return on Invested Capital (CROIC)	-5.28%	19.54%	-7.19%
Operating Return on Assets (OROA)	7.14%	12.19%	10.93%
Return on Assets (ROA)	5.03%	8.49%	7.75%
Return on Common Equity (ROCE)	10.78%	15.84%	13.08%
Return on Equity Simple (ROE_SIMPLE)	10.17%	14.51%	12.22%
Net Operating Profit after Tax (NOPAT)	17	29	27
NOPAT Margin	3.67%	5.76%	5.71%
Net Nonoperating Expense Percent (NNEP)	2.33%	5.18%	4.37%
Cost of Revenue to Revenue	76.00%	72.44%	71.64%
SG&A Expenses to Revenue	19.33%	20.10%	20.79%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.34%	20.10%	20.79%
Earnings before Interest and Taxes (EBIT)	21	37	35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	31	47	45
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.07	1.97	2.06
Price to Tangible Book Value (P/TBV)	4.55	5.05	5.75
Price to Revenue (P/Rev)	0.35	0.70	0.89
Price to Earnings (P/E)	10.33	13.59	16.82
Dividend Yield	3.37%	2.03%	1.39%
Earnings Yield	9.68%	7.36%	5.94%
Enterprise Value to Invested Capital (EV/IC)	1.05	1.82	1.85
Enterprise Value to Revenue (EV/Rev)	0.52	0.77	1.00
Enterprise Value to EBITDA (EV/EBITDA)	7.48	8.22	10.39
Enterprise Value to EBIT (EV/EBIT)	11.03	10.36	13.34
Enterprise Value to NOPAT (EV/NOPAT)	14.10	13.40	17.55
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	7.73	10.84
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	9.01	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.54	0.20	0.27
Long-Term Debt to Equity	0.51	0.18	0.25
Financial Leverage	0.51	0.34	0.22
Leverage Ratio	2.14	1.87	1.69
Compound Leverage Factor	1.92	1.68	1.59
Debt to Total Capital	35.01%	16.54%	20.97%
Short-Term Debt to Total Capital	1.57%	1.68%	1.38%
Long-Term Debt to Total Capital	33.44%	14.86%	19.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.99%	83.46%	79.03%
Debt to EBITDA	2.53	0.75	1.20
Net Debt to EBITDA	2.45	0.72	1.11
Long-Term Debt to EBITDA	2.42	0.68	1.12
Debt to NOPAT	4.77	1.23	2.02
Net Debt to NOPAT	4.62	1.17	1.87
Long-Term Debt to NOPAT	4.55	1.11	1.89
Altman Z-Score	2.62	4.29	3.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.06	1.96	2.05
Quick Ratio	1.04	1.04	1.04
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-11	43	-17
Operating Cash Flow to CapEx	-186.35%	1,548.17%	810.61%
Free Cash Flow to Firm to Interest Expense	-5.66	11.55	-7.76
Operating Cash Flow to Interest Expense	-1.96	13.45	20.13
Operating Cash Flow Less CapEx to Interest Expense	-3.02	12.58	17.64
Efficiency Ratios	-	-	-
Asset Turnover	1.52	1.64	1.46
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	5.19	5.21	5.00
Fixed Asset Turnover	15.77	18.90	16.09
Accounts Payable Turnover	10.21	11.25	10.96
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	70.36	70.02	73.02
Days Payable Outstanding (DPO)	35.75	32.44	33.30
Cash Conversion Cycle (CCC)	34.61	37.59	39.72
Capital & Investment Metrics	-	-	-
Invested Capital	225	211	254
Invested Capital Turnover	2.16	2.28	2.02
Increase / (Decrease) in Invested Capital	28	-14	44
Enterprise Value (EV)	235	383	470
Market Capitalization	158	350	420
Book Value per Share	$5.54	$6.26	$7.02
Tangible Book Value per Share	$1.30	$2.44	$2.51
Total Capital	227	213	259
Total Debt	80	35	54
Total Long-Term Debt	76	32	51
Net Debt	77	33	50
Capital Expenditures (CapEx)	2.07	3.20	5.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	83	75	83
Debt-free Net Working Capital (DFNWC)	85	77	87
Net Working Capital (NWC)	82	73	83
Net Nonoperating Expense (NNE)	1.67	2.86	1.82
Net Nonoperating Obligations (NNO)	77	33	50
Total Depreciation and Amortization (D&A)	10	9.66	10.00
Debt-free, Cash-free Net Working Capital to Revenue	18.22%	15.10%	17.62%
Debt-free Net Working Capital to Revenue	18.77%	15.47%	18.50%
Net Working Capital to Revenue	17.98%	14.75%	17.74%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.55	$0.92	$0.86
Adjusted Weighted Average Basic Shares Outstanding	27.29M	28.13M	29.05M
Adjusted Diluted Earnings per Share	$0.54	$0.88	$0.83
Adjusted Weighted Average Diluted Shares Outstanding	27.99M	29.32M	30.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.88M	28.55M	29.74M
Normalized Net Operating Profit after Tax (NOPAT)	17	29	27
Normalized NOPAT Margin	3.67%	5.76%	5.71%
Pre Tax Income Margin	4.19%	6.71%	7.05%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	10.85	10.04	16.35
NOPAT to Interest Expense	8.49	7.76	12.43
EBIT Less CapEx to Interest Expense	9.79	9.17	13.87
NOPAT Less CapEx to Interest Expense	7.43	6.89	9.95
Payout Ratios	-	-	-
Dividend Payout Ratio	35.40%	21.11%	22.97%
Augmented Payout Ratio	35.40%	21.11%	22.97%

This table displays calculated financial ratios and metrics derived from LSI Industries' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.39%	0.00%	15.89%	6.68%	-3.01%	-2.86%	-15.37%	-7.90%	4.34%	11.87%	35.53%
EBITDA Growth	210.05%	-1.15%	65.62%	32.41%	28.83%	8.78%	-11.35%	-2.52%	-7.35%	-8.80%	8.72%
EBIT Growth	633.30%	0.00%	106.05%	49.60%	40.16%	11.46%	-13.69%	-2.79%	-13.76%	-15.92%	2.92%
NOPAT Growth	2,446.84%	0.00%	109.39%	30.98%	55.00%	22.77%	-15.64%	6.01%	-28.25%	-14.11%	4.09%
Net Income Growth	2,514.14%	0.00%	106.67%	29.05%	62.56%	28.20%	-7.96%	15.12%	-32.64%	-16.77%	-4.39%
EPS Growth	1,800.00%	0.00%	100.00%	23.08%	47.37%	22.73%	-9.09%	12.50%	-35.71%	-18.52%	-10.00%
Operating Cash Flow Growth	160.89%	0.00%	209.53%	222.22%	93.53%	0.09%	-2.14%	-0.46%	-34.89%	11.84%	6.63%
Free Cash Flow Firm Growth	70.51%	335.53%	110.06%	193.38%	204.37%	-188.63%	49.21%	-10.48%	-261.24%	83.81%	-304.11%
Invested Capital Growth	14.13%	0.00%	-1.43%	-4.55%	-6.20%	0.00%	-4.33%	-3.87%	20.63%	19.00%	18.32%
Revenue Q/Q Growth	15.76%	-0.31%	1.37%	-8.80%	5.25%	-0.16%	-11.69%	-0.75%	19.24%	7.05%	6.98%
EBITDA Q/Q Growth	27.03%	24.27%	-5.86%	-10.89%	23.59%	4.93%	-23.29%	-2.01%	17.46%	3.29%	-8.55%
EBIT Q/Q Growth	41.01%	33.35%	-7.29%	-14.19%	32.12%	6.04%	-28.21%	-3.35%	17.21%	3.40%	-12.13%
NOPAT Q/Q Growth	46.29%	19.49%	6.40%	-29.58%	73.13%	-5.36%	-26.88%	-11.51%	17.18%	13.30%	-11.40%
Net Income Q/Q Growth	43.06%	20.98%	2.48%	-27.24%	80.21%	-4.59%	-26.43%	-8.99%	5.45%	17.89%	-15.49%
EPS Q/Q Growth	46.15%	15.79%	0.00%	-27.27%	75.00%	-3.57%	-25.93%	-10.00%	0.00%	22.22%	-18.18%
Operating Cash Flow Q/Q Growth	127.23%	20.19%	-10.43%	31.72%	36.47%	-37.84%	-12.42%	33.99%	-10.73%	6.77%	-16.50%
Free Cash Flow Firm Q/Q Growth	-516.66%	1,141.13%	-95.37%	46.19%	48.23%	-984.11%	107.79%	-12.29%	-366.99%	11.24%	1.80%
Invested Capital Q/Q Growth	-0.60%	-100.00%	0.00%	-2.44%	-2.32%	0.35%	0.05%	-1.97%	22.57%	-1.01%	-0.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.46%	27.34%	26.51%	27.41%	29.01%	29.64%	28.93%	28.85%	26.23%	24.37%	23.60%
EBITDA Margin	7.72%	9.62%	8.94%	8.73%	10.25%	10.78%	9.36%	9.24%	9.11%	8.79%	7.51%
Operating Margin	5.63%	7.89%	7.02%	6.58%	8.28%	8.93%	7.17%	7.08%	6.98%	6.61%	5.73%
EBIT Margin	5.77%	7.72%	7.06%	6.64%	8.34%	8.86%	7.20%	7.01%	6.89%	6.66%	5.47%
Profit (Net Income) Margin	4.06%	4.93%	4.98%	3.97%	6.81%	6.50%	5.42%	4.97%	4.39%	4.84%	3.82%
Tax Burden Percent	81.15%	69.42%	81.90%	67.41%	88.15%	77.45%	79.86%	72.14%	71.87%	80.34%	76.84%
Interest Burden Percent	86.72%	91.97%	86.17%	88.76%	92.59%	94.82%	94.23%	98.23%	88.72%	90.48%	90.99%
Effective Tax Rate	18.85%	30.58%	18.10%	32.59%	11.85%	22.55%	20.14%	27.86%	28.13%	19.66%	23.16%
Return on Invested Capital (ROIC)	9.85%	0.00%	12.72%	10.05%	16.64%	32.25%	12.53%	11.20%	10.13%	11.10%	9.95%
ROIC Less NNEP Spread (ROIC-NNEP)	8.95%	0.00%	11.37%	9.23%	15.54%	28.17%	11.67%	10.67%	8.20%	9.11%	6.69%
Return on Net Nonoperating Assets (RNNOA)	4.59%	0.00%	5.52%	3.92%	5.28%	3.80%	2.60%	1.67%	1.79%	1.51%	0.85%
Return on Equity (ROE)	14.44%	0.00%	18.24%	13.97%	21.92%	36.05%	15.12%	12.87%	11.92%	12.61%	10.81%
Cash Return on Invested Capital (CROIC)	-5.28%	0.00%	12.26%	16.13%	19.54%	-171.47%	17.84%	17.78%	-7.19%	-6.31%	-5.61%
Operating Return on Assets (OROA)	8.78%	0.00%	11.62%	11.02%	13.65%	14.48%	11.68%	11.24%	10.04%	9.90%	9.05%
Return on Assets (ROA)	6.18%	0.00%	8.20%	6.60%	11.14%	10.63%	8.79%	7.97%	6.40%	7.20%	6.33%
Return on Common Equity (ROCE)	14.44%	0.00%	18.24%	13.97%	21.92%	36.05%	15.12%	12.87%	11.92%	12.61%	10.81%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	13.31%	13.43%	0.00%	14.76%	14.00%	13.97%	0.00%	11.19%	10.76%
Net Operating Profit after Tax (NOPAT)	5.82	6.96	7.40	5.21	9.02	8.54	6.24	5.53	6.48	7.34	6.50
NOPAT Margin	4.57%	5.47%	5.75%	4.44%	7.30%	6.92%	5.73%	5.11%	5.02%	5.31%	4.40%
Net Nonoperating Expense Percent (NNEP)	0.90%	0.00%	1.35%	0.82%	1.10%	4.08%	0.86%	0.53%	1.93%	1.99%	3.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	2.91%	-	-	-	2.55%
Cost of Revenue to Revenue	74.54%	72.66%	73.49%	72.59%	70.99%	70.36%	71.07%	71.15%	73.80%	75.63%	76.40%
SG&A Expenses to Revenue	19.83%	19.45%	19.48%	20.83%	20.71%	20.71%	21.76%	21.76%	19.23%	17.75%	17.87%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.83%	19.45%	19.49%	20.83%	20.73%	20.71%	21.76%	21.77%	19.22%	17.75%	17.87%
Earnings before Interest and Taxes (EBIT)	7.36	9.81	9.09	7.80	10	11	7.85	7.59	8.89	9.19	8.08
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.84	12	12	10	13	13	10	10	12	12	11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	0.00	2.06	2.30	1.97	2.40	2.08	2.21	2.06	2.27	2.66
Price to Tangible Book Value (P/TBV)	4.55	0.00	6.56	6.60	5.05	5.62	4.61	4.67	5.75	5.91	6.53
Price to Revenue (P/Rev)	0.35	0.42	0.67	0.77	0.70	0.91	0.85	0.94	0.89	0.99	1.11
Price to Earnings (P/E)	10.33	10.85	15.28	16.88	13.59	16.24	14.85	15.80	16.82	20.33	24.73
Dividend Yield	3.37%	2.69%	2.09%	1.83%	2.03%	1.60%	1.44%	1.33%	1.39%	1.24%	1.03%
Earnings Yield	9.68%	9.22%	6.55%	5.92%	7.36%	6.16%	6.74%	6.33%	5.94%	4.92%	4.04%
Enterprise Value to Invested Capital (EV/IC)	1.05	0.00	1.77	2.01	1.82	2.23	1.98	2.15	1.85	2.07	2.44
Enterprise Value to Revenue (EV/Rev)	0.52	0.00	0.80	0.87	0.77	0.96	0.89	0.96	1.00	1.08	1.17
Enterprise Value to EBITDA (EV/EBITDA)	7.48	0.00	9.50	9.89	8.22	9.89	9.04	9.68	10.39	11.82	13.60
Enterprise Value to EBIT (EV/EBIT)	11.03	0.00	12.47	12.73	10.36	12.38	11.38	12.19	13.34	15.55	18.12
Enterprise Value to NOPAT (EV/NOPAT)	14.10	0.00	16.26	17.09	13.40	15.63	14.45	15.26	17.55	20.37	23.68
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	11.99	10.48	7.73	9.52	8.50	9.07	10.84	11.67	13.51
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	14.36	12.16	9.01	0.00	10.87	11.88	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.00	0.39	0.30	0.20	0.15	0.11	0.08	0.27	0.23	0.18
Long-Term Debt to Equity	0.51	0.00	0.37	0.27	0.18	0.13	0.09	0.06	0.25	0.21	0.16
Financial Leverage	0.51	0.00	0.49	0.43	0.34	0.13	0.22	0.16	0.22	0.17	0.13
Leverage Ratio	2.14	0.00	2.00	1.95	1.87	1.62	1.65	1.58	1.69	1.64	1.54
Compound Leverage Factor	1.86	0.00	1.72	1.73	1.73	1.53	1.55	1.55	1.50	1.48	1.40
Debt to Total Capital	35.01%	0.00%	28.03%	22.81%	16.54%	13.32%	10.04%	7.61%	20.97%	18.42%	14.96%
Short-Term Debt to Total Capital	1.57%	0.00%	1.59%	1.64%	1.68%	1.66%	1.67%	1.66%	1.38%	1.38%	1.40%
Long-Term Debt to Total Capital	33.44%	0.00%	26.43%	21.17%	14.86%	11.66%	8.37%	5.95%	19.59%	17.04%	13.56%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.99%	0.00%	71.97%	77.19%	83.46%	86.68%	89.96%	92.39%	79.03%	81.58%	85.04%
Debt to EBITDA	2.53	0.00	1.52	1.13	0.75	0.60	0.46	0.35	1.20	1.08	0.85
Net Debt to EBITDA	2.45	0.00	1.45	1.10	0.72	0.53	0.41	0.20	1.11	0.92	0.74
Long-Term Debt to EBITDA	2.42	0.00	1.43	1.05	0.68	0.53	0.39	0.28	1.12	1.00	0.77
Debt to NOPAT	4.77	0.00	2.60	1.95	1.23	0.95	0.74	0.56	2.02	1.86	1.48
Net Debt to NOPAT	4.62	0.00	2.49	1.90	1.17	0.83	0.65	0.31	1.87	1.59	1.30
Long-Term Debt to NOPAT	4.55	0.00	2.45	1.81	1.11	0.83	0.62	0.44	1.89	1.72	1.34
Altman Z-Score	2.48	0.00	3.68	4.12	4.00	4.55	4.79	5.17	3.65	4.07	4.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.06	0.00	2.32	2.21	1.96	1.98	2.16	2.17	2.05	2.08	2.08
Quick Ratio	1.04	0.00	1.09	1.07	1.04	1.10	1.14	1.15	1.04	1.10	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-22	229	11	16	23	-203	16	14	-37	-33	-32
Operating Cash Flow to CapEx	1,104.77%	2,438.48%	1,689.66%	1,645.06%	1,175.17%	760.37%	474.23%	977.89%	1,461.79%	1,560.74%	927.86%
Free Cash Flow to Firm to Interest Expense	-32.33	290.87	8.43	17.68	30.07	-358.91	34.93	103.56	-36.94	-37.58	-44.36
Operating Cash Flow to Interest Expense	12.93	13.43	7.54	14.24	22.30	18.71	20.48	92.75	11.06	13.54	13.59
Operating Cash Flow Less CapEx to Interest Expense	11.76	12.88	7.09	13.37	20.41	16.25	16.16	83.27	10.31	12.67	12.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.52	0.00	1.65	1.66	1.64	1.63	1.62	1.60	1.46	1.49	1.65
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	5.19	0.00	5.03	5.03	5.21	5.62	5.06	5.14	5.00	5.27	6.01
Fixed Asset Turnover	15.77	0.00	18.14	18.81	18.90	19.32	18.21	18.08	16.09	16.77	18.11
Accounts Payable Turnover	10.21	0.00	11.41	11.58	11.25	10.57	13.38	12.94	10.96	10.51	14.05
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	70.36	0.00	72.51	72.56	70.02	64.95	72.14	70.99	73.02	69.25	60.72
Days Payable Outstanding (DPO)	35.75	0.00	31.99	31.53	32.44	34.54	27.28	28.21	33.30	34.74	25.99
Cash Conversion Cycle (CCC)	34.61	0.00	40.53	41.03	37.59	30.41	44.86	42.78	39.72	34.51	34.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	225	0.00	221	216	211	212	212	208	254	252	251
Invested Capital Turnover	2.16	0.00	2.21	2.27	2.28	4.66	2.19	2.19	2.02	2.09	2.26
Increase / (Decrease) in Invested Capital	28	-222	-3.20	-10	-14	212	-9.58	-8.35	44	40	39
Enterprise Value (EV)	235	0.00	393	433	383	472	420	447	470	521	612
Market Capitalization	158	200	333	385	350	447	401	438	420	480	578
Book Value per Share	$5.54	$0.00	$5.81	$5.96	$6.26	$6.53	$6.67	$6.83	$7.02	$7.10	$7.28
Tangible Book Value per Share	$1.30	$0.00	$1.83	$2.07	$2.44	$2.78	$3.01	$3.23	$2.51	$2.73	$2.97
Total Capital	227	0.00	224	217	213	215	214	215	259	259	255
Total Debt	80	0.00	63	50	35	29	22	16	54	48	38
Total Long-Term Debt	76	0.00	59	46	32	25	18	13	51	44	35
Net Debt	77	0.00	60	48	33	25	19	9.18	50	41	33
Capital Expenditures (CapEx)	0.80	0.43	0.56	0.76	1.45	1.39	1.96	1.27	0.76	0.76	1.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	83	0.00	86	82	75	76	77	74	83	83	84
Debt-free Net Working Capital (DFNWC)	85	0.00	88	83	77	80	79	81	87	90	88
Net Working Capital (NWC)	82	0.00	85	80	73	76	76	77	83	87	85
Net Nonoperating Expense (NNE)	0.65	0.69	0.99	0.54	0.61	0.51	0.34	0.15	0.81	0.65	0.85
Net Nonoperating Obligations (NNO)	77	0.00	60	48	33	25	19	9.18	50	41	33
Total Depreciation and Amortization (D&A)	2.49	2.42	2.42	2.46	2.37	2.37	2.36	2.42	2.86	2.94	3.02
Debt-free, Cash-free Net Working Capital to Revenue	18.22%	0.00%	17.37%	16.37%	15.10%	15.46%	16.21%	15.86%	17.62%	17.23%	16.01%
Debt-free Net Working Capital to Revenue	18.77%	0.00%	17.93%	16.64%	15.47%	16.17%	16.77%	17.40%	18.50%	18.67%	16.91%
Net Working Capital to Revenue	17.98%	0.00%	17.20%	15.93%	14.75%	15.45%	16.01%	16.63%	17.74%	17.93%	16.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.19	$0.00	$0.23	$0.16	$0.30	$0.28	$0.20	$0.18	$0.20	$0.23	$0.19
Adjusted Weighted Average Basic Shares Outstanding	27.29M	0.00	28.08M	28.31M	28.13M	28.76M	29.02M	29.16M	29.05M	29.59M	29.93M
Adjusted Diluted Earnings per Share	$0.19	$0.00	$0.22	$0.16	$0.28	$0.27	$0.20	$0.18	$0.18	$0.22	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	27.99M	0.00	29.20M	29.61M	29.32M	29.96M	30.04M	30.12M	30.07M	30.53M	30.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.88M	0.00	28.17M	28.37M	28.55M	28.92M	29.07M	29.13M	29.74M	29.84M	29.92M
Normalized Net Operating Profit after Tax (NOPAT)	5.82	6.96	7.40	5.21	9.02	8.54	6.24	5.53	6.48	7.34	6.50
Normalized NOPAT Margin	4.57%	5.47%	5.75%	4.44%	7.30%	6.92%	5.73%	5.11%	5.02%	5.31%	4.40%
Pre Tax Income Margin	5.00%	7.10%	6.08%	5.90%	7.72%	8.40%	6.78%	6.89%	6.11%	6.02%	4.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.80	12.45	7.23	8.90	13.49	19.31	17.32	56.60	8.86	10.51	11.09
NOPAT to Interest Expense	8.55	8.83	5.88	5.94	11.81	15.09	13.79	41.24	6.46	8.38	8.93
EBIT Less CapEx to Interest Expense	9.63	11.90	6.78	8.03	11.60	16.85	13.01	47.12	8.11	9.64	9.63
NOPAT Less CapEx to Interest Expense	7.38	8.28	5.44	5.08	9.91	12.63	9.47	31.75	5.70	7.52	7.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.40%	29.76%	24.96%	23.97%	21.11%	19.65%	20.62%	20.39%	22.97%	24.70%	25.18%
Augmented Payout Ratio	35.40%	29.76%	24.96%	23.97%	21.11%	19.65%	20.62%	20.39%	22.97%	24.70%	25.18%

Frequently Asked Questions About LSI Industries' Financials

When does LSI Industries's fiscal year end?

According to the most recent income statement we have on file, LSI Industries' financial year ends in June. Their financial year 2024 ended on June 30, 2024.

How has LSI Industries' net income changed over the last 2 years?

LSI Industries' net income appears to be on an upward trend, with a most recent value of $24.98 million in 2024, rising from $15.03 million in 2022. The previous period was $25.76 million in 2023.

What is LSI Industries's operating income?

LSI Industries's total operating income in 2024 was $35.52 million, based on the following breakdown:

Total Gross Profit: $133.17 million
Total Operating Expenses: $97.65 million

How has LSI Industries revenue changed over the last 2 years?

Over the last 2 years, LSI Industries' total revenue changed from $455.12 million in 2022 to $469.64 million in 2024, a change of 3.2%.

How much debt does LSI Industries have?

LSI Industries' total liabilities were at $144.45 million at the end of 2024, a 21.8% increase from 2023, and a 11.6% decrease since 2022.

How much cash does LSI Industries have?

In the past 2 years, LSI Industries' cash and equivalents has ranged from $1.83 million in 2023 to $4.11 million in 2024, and is currently $4.11 million as of their latest financial filing in 2024.

How has LSI Industries' book value per share changed over the last 2 years?

Over the last 2 years, LSI Industries' book value per share changed from 5.54 in 2022 to 7.02 in 2024, a change of 26.5%.

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This page (NASDAQ:LYTS) was last updated on 4/18/2025 by MarketBeat.com Staff

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LSI Industries (LYTS) Financials

Frequently Asked Questions About LSI Industries' Financials

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LSI Industries (LYTS) Financials

Annual Income Statements for LSI Industries

Quarterly Income Statements for LSI Industries

Annual Cash Flow Statements for LSI Industries

Quarterly Cash Flow Statements for LSI Industries

Annual Balance Sheets for LSI Industries

Quarterly Balance Sheets for LSI Industries

Annual Metrics and Ratios for LSI Industries

Quarterly Metrics and Ratios for LSI Industries

Frequently Asked Questions About LSI Industries' Financials

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