LSI INDUSTRIES Reports Q4 Earnings Results for FY2023 Ending June 30 2023
August 30, 2023
🌥️Earnings Overview
On August 17 2023, LSI INDUSTRIES ($NASDAQ:LYTS) released its financial results for the fourth quarter of fiscal year 2023, which ended on June 30. Revenue totaled USD 123.6 million, a decrease of 3.0% year-over-year. However, net income increased by 62.4%, reaching USD 8.4 million.
Share Price
LSI INDUSTRIES reported its earnings results for the fiscal year ending June 30 2023 on Thursday. The stock opened at $14.0 and closed at $15.3, resulting in a 19.7% soar from the previous closing price of 12.8. This increase in the stock price was largely due to the strong performance of the company during the fourth quarter, as well as their positive outlook for the future. This was mainly driven by higher sales volume and cost reductions from operational efficiency initiatives, which were implemented in an effort to increase profitability and expand their market share. Furthermore, LSI INDUSTRIES announced strong margins and a positive gross profit figure.
This was primarily attributed to their ongoing growth strategies, including the launch of new products and services, and expanding their presence in new markets. Overall, the fourth quarter results have demonstrated the strength of the company’s operations and execution of their business strategy. With a positive outlook for the upcoming year, investors are optimistic about LSI INDUSTRIES’ long-term prospects and future growth potential. 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 analyze the financials of LSI INDUSTRIES in order to provide a comprehensive assessment of the company. Upon inspection, we can see that LSI INDUSTRIES is strong in terms of asset and growth, while remaining medium in terms of dividend and profitability. In terms of health score, LSI INDUSTRIES has a score of 8/10, indicating that it has a high level of financial stability despite any crisis, as its cashflows and debt can be safely managed. Based on our assessment, we classify LSI INDUSTRIES as a ‘cheetah’ type company. This means that the company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for high growth potential but with some risk may be interested in such a company. 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 Inc. reported its fourth-quarter earnings for fiscal year 2023 on August 17, 2023. Total revenue came in at USD 123.6 million, a 3.0% drop from the same quarter last year.
However, net income increased by 62.4% to USD 8.4 million. The announcement of the earnings caused the stock price to move up on the same day. Investors appear to be encouraged by the strong profitability of the company, despite the decline in total revenue. Going forward, investors should keep in mind several factors such as macroeconomic conditions, competitive pressures, and product mix when making decisions about investing in LSI Industries Inc.
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