HC Wainwright & Co. reiterates Buy rating on LSI Industries, $30 price target

LSI Industries (LYTS) reported Q1 earnings, highlighting a 12% rise in grocery order activity and 4% growth in Display Solutions orders. Lighting sales fell 6% YoY, with delays in projects. The company reduced net debt by $23M since acquiring Royston, aiming for a leverage ratio of 2x or lower in 12-18 months. LYTS plans to share an updated strategic plan in December, targeting a 12.5% EBITDA margin by 2028.

LSI Industries reported Q1 2027 revenue growth of 44%, driven by the Royston acquisition. The company is focusing on share-of-wallet expansion and cross-selling, with a 'Category of One' initiative. Management expects to unveil a multi-year strategic plan in December, targeting a net debt-to-EBITDA ratio of 2.0x or lower within 12-18 months. Near-term results may face volatility due to customer project pushouts.

LSI Industries (LYTS) reported Q1 2027 sales of $226M, up 44% YoY, driven by Display Solutions. Refueling and grocery segments grew, while QSR and lighting faced challenges. The company expects long-term benefits from strategic initiatives and operational efficiencies, aiming to share a multiyear plan in December.

LSI Industries (LYTS) reported Q1 fiscal 2027 revenue of $226M, adjusted EBITDA up 41% to $22.2M, and $14M in free cash flow. The company plans to update its Fast Forward plan in mid-December and aims for 2x leverage in 12-18 months, according to CEO James Clark.

LSI INDUSTRIES INC (LYTS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 LSI INDUSTRIES REPORTS FISCAL 2027 FIRST QUARTER RESULTS AND DECLARES QUARTERLY CASH DIVIDEND CINCINNATI, Nov. 5, 2026 – LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today r

LSI (LYTS) reported Q3 CY2026 revenue of $225.9M, up 43.6% YoY and in line with estimates. Adjusted EPS was $0.31, matching expectations. Adjusted EBITDA was $22.17M, a 2.9% miss. CEO Clark highlighted integration progress and market resilience. Analysts expect 17.6% revenue growth over the next 12 months.