NASDAQ: LYTS INVESTOR PRESENTATION MARCH 2022 DISCLAIMER Forward-Looking Statements This presentation contains "forward-looking statements"—that is, statements related to future events within the meaning of the Private Securities Litigation Reform Act of 1995. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In this context, forward-looking statements often address our expected future business, financial performance, financial condition and results ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q Commission File No. 0-13375 LSI Industries Inc. (Exact name of registrant as specified in its charter) Ohio 31-0888951 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 10000 Alliance Road, Cincinnati, Ohio 45242 (Address of principal executive offices) (Zip Code) (513) 793-3200 Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of ...

LSI Industries Inc. (NASDAQ:LYTS) Q2 2022 Results Earnings Conference Call January 27, 2022 11:00 AM ET Company Participants Jim Galeese - Chief Financial Officer Jim Clark - President and Chief Executive Officer Conference Call Participants Craig Irwin - ROTH Capital Jed Dorsheimer - Canaccord Genuity Amit Dayal - H.C. Wainwright Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate ...

Second Quarter Fiscal 2022 Results Conference Call January 27, 2022 DISCLAIMER This presentation contains "forward-looking statements"—that is, statements related to future events within the meaning of the Private Securities Litigation Reform Act of 1995. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In this context, forward-looking statements often address our expected future business, financial performance, financial condition and results of op ...

LSI Industries Inc. (NASDAQ:LYTS) Q1 2022 Earnings Conference Call November 3, 2021 11:00 AM ET Company Participants Jim Galeese - Executive Vice President & Chief Financial Officer Jim Clark - President & Chief Executive Officer Conference Call Participants Craig Irwin - ROTH Capital Amit Dayal - H.C. Wainwright Richard Fearon - Accretive Capital Partners Operator Greetings, and welcome to LSI Industries Fiscal First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only ...

(Exact name of registrant as specified in its charter) Ohio 31-0888951 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 10000 Alliance Road, Cincinnati, Ohio 45242 (Address of principal executive offices) (Zip Code) (513) 793-3200 Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common S ...

First Quarter Fiscal 2022 Results Conference Call November 3, 2021 DISCLAIMER This presentation contains "forward-looking statements"—that is, statements related to future events within the meaning of the Private Securities Litigation Reform Act of 1995. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In this context, forward-looking statements often address our expected future business, financial performance, financial condition and results of ope ...

Financial Performance - LSI Industries reported total net sales of $315.6 million for fiscal 2021, a 3.4% increase from $305.6 million in fiscal 2020[17]. - Operating income for fiscal 2021 was $8.0 million, a decrease of $5.1 million from fiscal 2020 operating income of $13.1 million[120]. - The company reported a net income of $9.763 million in 2021, significantly higher than $4.089 million in 2020, reflecting improved operational performance[123]. - Net income for fiscal 2021 was $5.9 million, down from $9.6 million in fiscal 2020, while Non-GAAP adjusted net income increased to $9.8 million from $4.1 million[144]. - Diluted earnings per share decreased to $0.21 in fiscal 2021 from $0.36 in fiscal 2020, with weighted average shares outstanding increasing to 27,440,000 from 26,473,000[144]. - Free cash flow decreased to $25.776 million in 2021 from $47.121 million in 2020, primarily due to lower cash flow from operations[126]. - The effective tax rate for 2021 was 25.9%, up from 18.0% in 2020, influenced by non-deductible transaction costs related to the acquisition of JSI[143]. Segment Performance - The Lighting Segment accounted for 60% of net sales, generating $189 million, while the Display Solutions Segment contributed 40% with $126.6 million[17]. - The Display Solutions Segment saw a significant increase in net sales, up $27.3 million or 27%, while the Lighting Segment experienced a decrease of $17.2 million or 8%[119]. - Net sales in the Lighting Segment decreased by 8% to $189.0 million in 2021 from $206.2 million in 2020, primarily due to COVID-19 disruptions[129]. - Display Solutions Segment net sales increased by 27% to $126.6 million in 2021, driven by the acquisition of JSI and growth in Quick-Service Restaurants and Grocery verticals[135]. Acquisitions and Investments - LSI Industries acquired JSI Store Fixtures in Q4 of fiscal 2021, consolidating it into the newly branded Display Solutions Segment[20]. - The Company acquired JSI on May 21, 2021, which represented 39% of the Company's total consolidated assets and 3% of total consolidated sales for the fiscal year ended June 30, 2021[89]. - The company used $93.0 million in investing activities in fiscal 2021, primarily due to the acquisition of JSI for $90.7 million[151]. Operational Challenges - The company experienced disruptions in supply from some suppliers, although these disruptions have not been significant to date[39]. - The company’s workforce operated at reduced levels in manufacturing facilities due to COVID-19, impacting its ability to meet future customer orders[40]. - Labor shortages or increases in labor costs could adversely impact the company's ability to produce sufficient quantities of products, potentially leading to reduced profitability[56]. - The COVID-19 pandemic continues to impact business activity, affecting workforce and supply chain operations[117]. Financial Position - Total assets increased to $286.8 million as of June 30, 2021, up from $172.3 million in 2020, reflecting a significant growth in the company's balance sheet[193]. - Current liabilities rose to $70.9 million in 2021 from $34.6 million in 2020, primarily due to increased accounts payable and accrued expenses[195]. - Working capital rose to $54.1 million as of June 30, 2021, compared to $51.2 million a year earlier, driven by a $20.1 million increase in inventory and a $19.8 million increase in accounts receivable[146]. - Net debt increased to $65.896 million in 2021, compared to a net cash position of $3.517 million in 2020, indicating a shift in the company's capital structure[126]. Market and Economic Factors - Approximately 34% of the company's net sales in fiscal year 2021 were concentrated in the petroleum/convenience store market, making it vulnerable to changes in this sector[47]. - The company’s operating results could be adversely affected by unfavorable economic, political, and market conditions, which could lead to reduced demand and increased price competition[44]. - Changes in U.S. trade policies and potential import tariffs could increase costs for goods and materials, impacting pricing and demand for the company's products[67]. Product Development and Innovation - Research and development costs for new product development were $3.7 million in fiscal 2021, compared to $3.6 million in fiscal 2020[27]. - The company is committed to product innovation, but failure to develop new products or meet customer demands could result in a loss of competitive position[49]. - The company’s products are designed for energy savings, with a focus on LED technology across its lighting solutions[19]. Compliance and Risk Management - Noncompliance with legal and regulatory requirements related to privacy or data security could result in significant penalties, potentially up to 4% of worldwide annual revenue or €20 million[63]. - Increased costs of litigation and compliance with environmental regulations could adversely affect operating profits[65]. - The company’s information technology systems are vulnerable to cyber risks, which could lead to operational difficulties and loss of revenues[53]. - The company is committed to investing in cyber defenses to mitigate risks associated with evolving cyber-attacks, despite ongoing costs and monitoring requirements[55].

Fourth Quarter & Fiscal year 2021 Results Conference Call August 19, 2021 (发 DISCLAIMER This presentation contains "forward-looking statements"—that is, statements related to future events within the meaning of the Private Securities Litigation Reform Act of 1995. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In this context, forward-looking statements often address our expected future business, financial performance, financial condition and resu ...

LSI Industries Inc. (NASDAQ:LYTS) Q4 2021 Earnings Conference Call August 19, 2021 11:00 AM ET Company Participants James Galeese - Executive Vice President and Chief Financial Officer James Clark - President and Chief Executive Officer Conference Call Participants Craig Irwin - ROTH Capital Amit Dayal - H.C. Wainwright Operator Greetings, and welcome to LSI Industries' Fiscal Fourth Quarter and Full Year 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and ...