LSI Industries reports Q4 net sales up 51% to $234.6 million

LSI Industries reported a significant surge in its fourth quarter net sales, which increased by 51% to $234.6 million. The company credited this growth to an 8% organic expansion, while the remainder was driven by the acquisition of Royston Group, which concluded on March 24, 2026. Despite a decline in net income compared to the previous quarter, LSI managed to report an adjusted net income of $14.4 million, or $0.38 per diluted share, after accounting for $3.0 million in acquisition-related expenses.

For the entire fiscal year 2026, the company's net sales rose by 20% to $689.4 million, while the full-year net income amounted to $22.6 million, or $0.67 per diluted share. LSI's Display Solutions segment saw double-digit growth in fourth quarter sales, driven by an 18% organic increase. In contrast, the Lighting segment experienced a 3% year-over-year decline.

The company also generated $9.7 million in free cash flow during the fourth quarter and $39.0 million for the year. As of June 30, 2026, LSI had a net debt to trailing twelve month adjusted EBITDA ratio of 2.7x, with $95 million available under its $350 million credit facility. LSI declared a regular cash dividend of $0.05 per share, payable to shareholders as of September 8, 2026.

The company specializes in manufacturing commercial lighting and display solutions for various industries such as refueling, grocery, and quick-service restaurants.