LSI Industries Earnings: Everything You Must Know Now
LSI Industries Inc. (NASDAQ:LYTS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
LSI Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.06 in the quarter as EPS of $0.06 in the year-earlier quarter.
Revenue: Decreased 3.37% to $68.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: LSI Industries Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company missed the mean analyst estimate of $0.08. It missed the average revenue estimate of $74.76 million.
Quoting Management: Robert J. Ready, Chief Executive Officer, commented, “During fiscal 2013 total sales increased 5% from $268.4 million to $280.8 million. From a segment viewpoint, lighting sales were $206.4 million, an increase of 3.4%. Graphics sales were $46.8 million, an increase of 11.0%. Electronic Components sales were $20.3 million, an increase of 9.8%. Finally, All Other Category sales were $7.3 million, a decrease of 10.1%. Before goodwill impairment charges and reversal of a contingent Earn-Out liability, operations produced adjusted net income of $1.4 million, or $0.06 per share, for fiscal year 2013.”
Key Stats (on next page)…