LSI Industries
Combines LED lighting fixtures with retail signage, displays, and installation for chain retailers.
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Profile
Designs and manufactures LED lighting fixtures and controls for commercial and outdoor settings, and builds retail-branding displays — signage, menu boards, millwork, and refrigerated cases — for chains in fuel retailing, quick-service dining, and grocery. The display business has grown to represent more than half of sales, mostly through acquisition of fixture and graphics makers.
Began in 1976 as a lighting supplier to newly self-service gas stations near Cincinnati. Now operates two segments: Lighting, LED fixtures and controls for commercial use, and Display Solutions, which makes signage, menu boards, millwork, and refrigerated cases for retail brands.
Both segments serve the same multi-site chains — fuel and convenience stores, quick-service restaurants, grocery and retail, parking, and warehouses — mostly in the United States.
Manufacturing is vertically integrated across dozens of plants, bundling lighting, graphics, fixtures, and installation into one vendor relationship. Growth has leaned on acquisition, adding graphics, store-fixture, and millwork capability onto the original lighting base.
Revenue tracks refresh and rollout cycles at large retail and fuel-retailing chains rather than new construction, concentrating exposure in a small set of verticals. Listed on NASDAQ in 1985 and employs roughly 2,000 people across its plants.
Company facts
Key statistics
Year to date +6.7% · Average volume (30d) 353.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 21, 2026 | Oppenheimer | Reiterate | Outperform | $30 | $29 |
| Aug 21, 2026 | Morgan Stanley | Target | $30 | ||
| Jun 9, 2026 | Oppenheimer | Target | $30 | ||
| Jan 23, 2026 | Canaccord Genuity | Reiterate | Buy | $25 | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q4 FY26 | $0.35 | $0.38 | +8.6% | $222.8M | $234.6M | +5.3% | −14.30% |
| Apr 23, 2026Q3 FY26 | $0.12 | $0.06 | −50.0% | $138.7M | $150.5M | +8.5% | −2.51% |
| Jan 22, 2026Q2 FY26 | $0.17 | $0.20 | +17.6% | $139.4M | $147.0M | +5.5% | −4.77% |
| Nov 6, 2025Q1 FY26 | $0.22 | $0.23 | +4.5% | $140.3M | $157.2M | +12.0% | −5.86% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $132.5M | $155.1M | $157.2M | $147.0M | $150.5M | $234.6M | |
| Gross profit | $32.8M | $40.4M | $40.3M | $35.9M | $36.9M | $60.3M | |
| Operating income | $6.2M | $11.9M | $11.0M | $9.1M | $10.9M | $7.4M | |
| Net income | $3.9M | $8.2M | $7.3M | $6.3M | $2.1M | $6.9M | |
| Diluted EPS | $0.13 | $0.26 | $0.23 | $0.20 | $0.06 | $0.18 | |
| Gross margin | 24.8% | 26.1% | 25.6% | 24.5% | 24.5% | 25.7% | |
| Operating margin | 4.7% | 7.7% | 7.0% | 6.2% | 7.3% | 3.1% |
Fiscal years (4-quarter sums)FY22 $455.1M · FY23 $497.0M · FY24 $469.6M · FY25 $573.4M · FY26 $689.4M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $0 · Total debt $245.9M · Total assets $829.9M · Shareholders' equity $360.7M
Dividends
Raised for 10 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 4, 2026 | May 4 | May 12 | $0.05 | |
| Feb 2, 2026 | Feb 2 | Feb 10 | $0.05 | |
| Nov 17, 2025 | Nov 17 | Nov 25 | $0.05 | |
| Sep 2, 2025 | Sep 2 | Sep 10 | $0.05 | |
| May 5, 2025 | May 5 | May 13 | $0.05 | |
| Feb 3, 2025 | Feb 3 | Feb 11 | $0.05 | |
| Nov 18, 2024 | Nov 18 | Nov 29 | $0.05 | |
| Aug 26, 2024 | Aug 26 | Sep 3 | $0.05 |
Ownership
Shares outstanding 36.71M · Float 33.91M · 92.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 3.99M | 10.90% | 13G | Jul 8, 2026 |
| BlackRock, Inc. | 2.71M | 7.39% | 13F | Aug 7, 2026 |
| Systematic Financial Management LP | 2.38M | 6.48% | 13F | Aug 14, 2026 |
| Royce & Associates LP | 1.84M | 5.00% | 13G | Jul 22, 2026 |
| Vanguard Capital Management LLC | 1.56M | 4.24% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | James E. Galeese | officer: Executive VP; CFO | −4,778 | $20.28 |
| Aug 26, 2026 | Thomas A. Caneris | officer: EVP, HR and General Counsel | −3,170 | $20.28 |
| Aug 26, 2026 | James Anthony Clark | director, officer: CEO and President | −13,907 | $20.28 |
| Aug 25, 2026 | James E. Galeese | officer: Executive VP; CFO | −8,269 | $20.09 |
| Aug 24, 2026 | James E. Galeese | officer: Executive VP; CFO | −8,141 | $19.78 |
Peers
- Acuity
N. America's largest lighting maker; Lithonia rivals c-store, parking lighting.
- Daktronics
Sports scoreboard and digital signage manufacturer competing in QSR menu boards.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| LSI Industries | $19.71 | 0.00% | $723.6M | 29.3 | 14.7 | 1.0 | +51.3% |
| Acuity | $335.16 | −0.01% | $10.03B | 22.2 | 15.8 | 2.2 | +1.7% |
| Daktronics | $19.09 | −1.14% | $931.9M | 21.2 | 16.2 | 1.1 | +20.9% |
| Median | 21.7 | 16.0 | 1.6 | +11.3% |