LSI INDUSTRIES Reports Fourth Quarter Earnings Results for FY2023 as of June 30, 2023
August 20, 2023
🌥️Earnings Overview
On August 17 2023, LSI INDUSTRIES ($NASDAQ:LYTS) released their financial results for the fourth quarter of FY2023 ending June 30 2023. The total revenue was USD 123.6 million, a decrease of 3.0% from the same period last year. Net income was USD 8.4 million, a year-over-year increase of 62.4%.
Price History
The stock opened at $14.0 and closed at $15.3, soaring by 19.7% from its prior closing price of 12.8. This was a significant improvement over the performance of the prior year, as well as the company’s own estimates for the quarter. Furthermore, the company reported strong cash flow for the quarter, reflecting its success in controlling costs and increasing revenue. LSI INDUSTRIES has also continued to make investments in research and development and new product introductions during the quarter. The company has seen strong demand for its products across multiple sectors including retail, hospitality, healthcare, and government, and has invested significantly in new technologies such as LED lighting and smart lighting controls.
Overall, LSI INDUSTRIES reported impressive fourth quarter financial results that exceeded expectations and demonstrated the strength of its business model. The company is well-positioned for continued growth and expansion over the coming quarters and years. 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
We at GoodWhale recently performed an analysis of LSI INDUSTRIES‘s wellbeing. Our Star Chart gave them a health score of 8/10, indicating that they have strong cashflows and debt, making them capable of weathering any crisis without the risk of bankruptcy. Looking at the categories of assets, growth, and dividend, and profitability, LSI INDUSTRIES is strong in assets and growth, and medium in dividend and profitability. Based on our analysis, LSI INDUSTRIES is classified as ‘Cheetah’, a type of company with high revenue or earnings growth but lower stability due to lower profitability. These characteristics could make LSI INDUSTRIES attractive to investors who are looking for high growth potential but who also want to be aware of the risks associated with the company. For these investors, LSI INDUSTRIES could be an interesting option since they have the potential to grow quickly, while still having strong cashflows and debt. 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 reported its fourth quarter earnings for FY2023 on August 17, 2023, with total revenue of USD 123.6 million and net income of USD 8.4 million. This marked a 3.0% decrease in revenue year over year, but a 62.4% increase in net income. The stock price increased the same day, likely due to the positive news of increased net income. For investors interested in LSI Industries, this could be an attractive time to invest, as the strong net income reflects good financial performance and stability.
However, further analysis is advised to understand what factors are driving the financial performance and if the current trend can be expected to continue.
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