LSI Industries (NASDAQ:LYTS) reported record fiscal 2026 sales and profitability, supported by growth in its core operations and the acquisition of the Royston Group, while management said lower-margin signage backlog at Royston will weigh on margins through the first half of…
scal 2027. Full-year net sales rose 20% from the prior year to a record $689 million
Adjusted diluted earnings per share increased to $1.25 from $1.04 in fiscal 2025, while adjusted EBITDA climbed 28% to nearly $70 million, representing a 10.1% margin. The company generated $39 million in free cash flow, or more than 50% of adjusted EBITDA. For the fiscal fourth quarter, sales increased 51% year over year, including 8% organic growth.
Adjusted EBITDA rose 50% to more than $25 million, with a 10.9% adjusted EBITDA margin, and adjusted EPS was $0.38 per diluted share. Fourth-quarter free cash flow totaled just under $10 million, which the company used to reduce debt by $9 million. Display Solutions Drives Quarterly Growth Display Solutions sales doubled year over year to $164 million in the fourth quarter, accounting for 70% of LSI’s quarterly revenue.