LSI INDUSTRIES Reports Fiscal Year 2023 Fourth Quarter Earnings Results on August 17, 2023
August 23, 2023
🌥️Earnings Overview
On August 17 2023, LSI INDUSTRIES ($NASDAQ:LYTS) released its fiscal year 2023 fourth quarter earnings results for the period ending June 30 2023. This resulted in total revenue of USD 123.6 million, a decrease of 3.0% from the year prior, and net income of USD 8.4 million, an increase of 62.4% from the same period a year ago.
Share Price
The stock opened the day at a market price of $14.0 and closed at $15.3, a soar of 19.7% from its previous closing price of 12.8. This marks a significant increase in the company’s stock over the past quarter, signaling strong performance in the market. The report included numbers from the company’s performance over the past quarter in both revenue and profits. The surge in performance was largely due to LSI INDUSTRIES‘ emphasis on new product development and marketing initiatives. This included the launch of new products and services, as well as the implementation of improved customer service and delivery systems.
Additionally, the company increased its focus on sustainability and environmental stewardship efforts, resulting in improved efficiency and cost savings for its operations. This suggests that the company will continue to experience growth in the future and remain a leader in its industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lsi Industries. More…
| Total Revenues | Net Income | Net Margin |
| 496.98 | 25.76 | 5.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lsi Industries. More…
| Operations | Investing | Financing |
| 41.35 | -1.57 | 5.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lsi Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 296.15 | 118.57 | 5.91 |
Key Ratios Snapshot
Some of the financial key ratios for Lsi Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.6% | 98.4% | 7.4% |
| FCF Margin | ROE | ROA |
| 7.8% | 13.8% | 7.8% |
Analysis
At GoodWhale, we conducted an analysis of LSI INDUSTRIES‘ financials and based on our Risk Rating, we concluded that LSI INDUSTRIES is a medium risk investment. We looked at both the financial and business aspects of the company. Upon further examination, we noticed a risk warning in the income sheet – to get more information on this, register with us for a more detailed analysis. We recommend that potential investors take this into consideration before investing in LSI INDUSTRIES. More…
Peers
LSI Industries Inc. competes with Curtis Mathes Corp, Ennostar Inc, and Global Lighting Technologies Inc in the lighting industry. LSI Industries Inc. operates in three segments: Lighting Systems, Graphics Systems, and Illumination Devices. The company was founded in 1976 and has 4,000 employees.
– Curtis Mathes Corp ($OTCPK:CMCZ)
Ennostar Inc is a large company with a market cap of 34.39B. Its ROE is 1.61%. Ennostar Inc is a diversified company that operates in many different industries. It is a publicly traded company on the New York Stock Exchange.
– Ennostar Inc ($TWSE:3714)
Global Lighting Technologies Inc is a publicly traded company with a market capitalization of 8.07 billion as of 2022. The company’s return on equity is 10.35%. Global Lighting Technologies Inc is engaged in the design, manufacture, marketing, and sale of lighting products for the architectural, commercial, industrial, and residential markets. The company offers a range of products, including light-emitting diode (LED) lamps, fixtures, and controls.
Summary
LSI Industries has reported its fiscal year 2023 fourth quarter earnings results for the period ending June 30 2023. Total revenue was USD 123.6 million, a decrease of 3.0% from the same period a year earlier; however, net income saw a 62.4% increase. This news caused the stock price to move up the same day.
Investors may find value in LSI Industries as the company is showing signs of growth despite a decrease in revenue. Future potential is looking positive, and further analysis of the company’s financials and operations can help investors make informed decisions.
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