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LSI Industries Prices Public Offering of Common Stock
Businesswire· 2026-02-27 02:50
Core Viewpoint - LSI Industries Inc. has announced the pricing of its underwritten public offering of common stock, aiming to raise approximately $90 million to support its growth and acquisition strategy, including the acquisition of Royston Group [1][2][3] Group 1: Offering Details - The company is offering 4,600,000 shares at a public offering price of $19.75 per share, with gross proceeds expected to be around $90 million before deductions [2] - LSI has granted underwriters a 30-day option to purchase an additional 690,000 shares at the same public offering price [2] - The offering is anticipated to close on or about March 2, 2026, pending customary closing conditions [2] Group 2: Use of Proceeds - The net proceeds from the offering will be used for several purposes, including a portion of the purchase price for the Royston Group acquisition, repayment of borrowings under a proposed Senior Secured Credit Facility, and general working capital [3] Group 3: Company Overview - LSI Industries is a publicly held company based in Cincinnati, traded on NASDAQ under the symbol LYTS, specializing in commercial lighting and display solutions [7] - The company manufactures a range of products, including non-residential indoor and outdoor lighting, print graphics, and digital graphics, employing approximately 2,000 people across 18 manufacturing plants in the U.S. and Canada [7]
LSI Industries Announces Fiscal 2026 Second Quarter Results Conference Call Date
Businesswire· 2026-01-08 21:30
Core Insights - LSI Industries, Inc. will release its fiscal 2026 second quarter results on January 22, 2026, before market opening [1] - A conference call to discuss the financial results and recent events will take place on the same day at 11:00 a.m. ET [1] Company Overview - LSI Industries is a publicly traded company on NASDAQ under the symbol LYTS, headquartered in Cincinnati [3] - The company specializes in manufacturing advanced lighting, graphics, and display solutions for various strategic vertical markets [3] - LSI's product offerings include non-residential indoor and outdoor lighting, print graphics, digital graphics, and custom displays, aimed at enhancing customer brands and consumer experiences [3] - The company employs approximately 2,000 people across 19 manufacturing plants located in the U.S. and Canada [3]