LSI Industries Declares $0.05 Quarterly Dividend, Reports 14% Sales Growth
LSI Industries Inc (NASDAQ: LYTS), a commercial lighting and display solutions manufacturer, declared a regular quarterly cash dividend of $0.05 per share. The company reported fiscal third quarter net sales of $150.5 million, up 14% year-over-year.
LSI Industries Inc (NASDAQ: LYTS), a Cincinnati-based manufacturer of commercial lighting and display solutions, declared a regular quarterly cash dividend of $0.05 per share for the fiscal 2026 third quarter. The dividend will be paid to shareholders of record on May 4, 2026. The company's indicated annual dividend rate is $0.20 per share. Read more dividend announcements.
| Dividend Details | Date |
|---|---|
| Amount | $0.05 per share |
| Record Date | May 4, 2026 |
| Payment Date | May 12, 2026 |
| Frequency | Quarterly |
The dividend announcement accompanied the company's fiscal 2026 third quarter results ended March 31, 2026. LSI reported net sales of $150.5 million, a 14% increase from the prior-year period. The quarter included six days of contribution from the recently completed Royston Group acquisition.
Excluding Royston-related contributions, fiscal third quarter revenue increased 9% versus the prior year. The company reported net income of $2.1 million, or $0.06 per diluted share. Adjusted net income was $9.6 million, or $0.28 per diluted share, up 52% year-over-year.
Reported net income for the fiscal third quarter included approximately $6.5 million of non-recurring items, mainly related to the Royston acquisition completed on March 24, 2026. Adjusted EBITDA reached $15.0 million, an increase of 34% versus the prior year, with the adjusted EBITDA margin rate improving to 10.0%, up 150 basis points.
LSI's Lighting Segment posted net sales of $195.8 million for the nine months ended March 31, 2026, up 12% from the prior year. Display Solutions Segment net sales reached $259.0 million, up 7%.
The company reported cash and availability on its credit facility of approximately $100 million as of March 31, 2026. Following the Royston acquisition, LSI's ratio of net debt to pro forma trailing twelve month adjusted EBITDA stood at 2.7 times. Free cash flow, excluding non-recurring acquisition-related items, was $11.8 million in the quarter.
James A. Clark, President and CEO, said the sustained customer project activity in key vertical markets enabled the company to deliver solid third quarter performance. The Royston acquisition positions LSI as the leading scaled platform in branded solutions, he added.
The company's balance sheet at March 31, 2026, showed current assets of $279.2 million, current liabilities of $188.3 million, and working capital of $90.9 million. Shareholders' equity totaled $352.8 million, with long-term debt of $203.0 million.