LSI Industries Inc. has reported its financial results for the fiscal 2025 fourth quarter and full year ended June 30, 2025. The company reported a 20% year-over-year increase in net sales to $155.1 million for the fourth quarter. Net income for the quarter was $8.2 million, with adjusted net income at $10.6 million. The diluted earnings per share (EPS) stood at $0.26, while the adjusted EPS was $0.34 per diluted share. EBITDA for the quarter was reported at $15.5 million, with adjusted EBITDA at $17.0 million or 11.0% of sales. Free cash flow for the quarter was $8.5 million.
For the full fiscal year, LSI Industries reported a 22% year-over-year increase in net sales to a record $573.4 million. Net income for the full year was $24.4 million, with adjusted net income at $32.9 million. The diluted EPS for the full year was $0.79, while the adjusted EPS was $1.07 per diluted share. EBITDA for the full year was $48.3 million, with adjusted EBITDA at $55.0 million or 9.6% of sales. Free cash flow for the full year was $34.7 million, and the ratio of net debt to trailing twelve months adjusted EBITDA stood at 0.8x.
The company declared a regular cash dividend of $0.05 per share payable on September 10, 2025, to shareholders of record on September 2, 2025.
LSI Industries' president and CEO, James A. Clark, expressed satisfaction with the company's performance, stating that the balanced performance across the lighting and display solutions segments reflected sustained vitality in key vertical markets. He highlighted an 11% increase in order activity in the fourth quarter, resulting in a book-to-bill ratio of 1.0, and a 13% increase in backlog exiting the fiscal year compared to the prior year period.
The company's display solutions segment saw a 29% year-over-year growth in the fourth quarter, supported by strong demand across product categories and market verticals, as well as contributions from the Canada’s Best acquisition. The lighting segment also demonstrated growth, with a 12% increase in sales in the fiscal fourth quarter and a 20% increase in backlog exiting fiscal 2025 compared to the prior year.
LSI Industries prioritized capital allocation toward organic expansion, acquisition-related investments, and debt reduction during fiscal 2025, resulting in a healthy balance sheet with a net debt to adjusted EBITDA ratio of 0.8x as of June 30, 2025, and approximately $42 million available under its credit facility.
The company's management remains committed to advancing its vertical market strategy and maintaining a disciplined approach toward capital allocation, aiming to deliver value for customers, employees, and investors in fiscal 2026. The market has reacted to these announcements by moving the company's shares 1.69% to a price of $19.30. For more information, read the company's full 8-K submission here.
