LSI Industries Q2 FY25 Filing Released

TL;DR

LSI Industries dropped its Q2 FY25 10-Q. Check financials for the period ending 12/31/24.

AI Summary

LSI Industries Inc. reported its second quarter results for fiscal year 2025, ending December 31, 2024. The company's financial performance for the six months and three months ended December 31, 2024, is detailed in this 10-Q filing. Specific financial figures and operational details for this period are provided.

Why It Matters

This filing provides investors with the latest financial performance data for LSI Industries, crucial for understanding the company's current operational health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial updates, not indicating any immediate or significant new risks.

Key Numbers

• 2024-12-31 — End of Fiscal Quarter (The filing covers the period ending on this date.)
• 20250207 — Filing Date (The date the 10-Q was submitted to the SEC.)

Key Players & Entities

• LSI INDUSTRIES INC (company) — Filer
• 2024-12-31 (date) — End of reporting period
• 20250207 (date) — Filing date
• CINCINNATI (location) — Company headquarters city
• OH (location) — Company headquarters state

FAQ

Filing Documents

• lyts20241231_10q.htm (10-Q) — 1952KB
• ex_775494.htm (EX-19.1) — 59KB
• ex_774429.htm (EX-31.1) — 9KB
• ex_774430.htm (EX-31.2) — 9KB
• ex_774431.htm (EX-32.1) — 6KB
• ex_774432.htm (EX-32.2) — 6KB
• lsi.jpg (GRAPHIC) — 11KB
• 0001437749-25-003159.txt ( ) — 8957KB
• lyts-20241231.xsd (EX-101.SCH) — 65KB
• lyts-20241231_def.xml (EX-101.DEF) — 429KB
• lyts-20241231_lab.xml (EX-101.LAB) — 369KB
• lyts-20241231_pre.xml (EX-101.PRE) — 464KB
• lyts-20241231_cal.xml (EX-101.CAL) — 73KB
• lyts20241231_10q_htm.xml (XML) — 1808KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 3 ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 3 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 3 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 4 CONDENSED CONSOLIDATED BALANCE SHEETS 5 CONDENSED CONSOLIDATED BALANCE SHEETS 6 CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY 7 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 8 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 9 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 22 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 31 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 31

OTHER INFORMATION

PART II. OTHER INFORMATION 32 ITEM 5. OTHER INFORMATION 32 ITEM 6 EXHIBITS 32

SIGNATURES

SIGNATURES 33 Page 2

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS LSI INDUSTRIES INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Six Months Ended December 31 December 31 (In thousands, except per share data) 2024 2023 2024 2023 Net Sales $ 147,734 $ 109,005 $ 285,829 $ 232,446 Cost of products and services sold 112,873 77,469 217,321 164,321 Gross profit 34,861 31,536 68,508 68,125 Selling and administrative expenses 26,402 23,717 50,918 49,278 Operating income 8,459 7,819 17,590 18,847 Interest expense 728 453 1,603 1,019 Other expense (income) 382 ( 29 ) 322 67 Income before income taxes 7,349 7,395 15,665 17,761 Income tax expense 1,702 1,489 3,336 3,827 Net income $ 5,647 $ 5,906 $ 12,329 $ 13,934 Earnings per common share (see Note 5) Basic $ 0.19 $ 0.20 $ 0.41 $ 0.48 Diluted $ 0.18 $ 0.20 $ 0.40 $ 0.47 Weighted average common shares outstanding Basic 29,930 29,024 29,761 28,890 Diluted 30,876 30,043 30,709 29,949 The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these financial statements. Page 3 LSI INDUSTRIES INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2024 2023 2024 2023 Net Income $ 5,647 $ 5,906 $ 12,329 $ 13,934 Foreign currency translation adjustment ( 48 ) 71 ( 157 ) 15 Comprehensive Income $ 5,599 $ 5,977 $ 12,172 $ 13,949 The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these financial statements. Page 4 LSI INDUSTRIES INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) December 31, June 30, (In thousands, except shares) 2024 2024 ASSETS Current assets Cash and cash equivalents $ 4,712 $ 4,110 Accounts receiv

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View this 10-Q filing on SEC EDGAR