Corrected: LSI Industries Q3 sales beat, helped by Royston acquisition

LSI Industries

23/04/2026 12:15

Corrects adjusted EPS in Key Details to $0.28 from $0.27

Overview

U.S. lighting and display solutions maker's fiscal Q3 sales rose 14% yr/yr, beating analyst expectations

Company completed Royston Group acquisition, contributing to Q3 results

Net income impacted by $6.5 mln in acquisition-related costs

Outlook

Company expects accelerated growth in targeted verticals following Royston acquisition

LSI sees ongoing program work in refueling/c-store vertical through calendar 2026

Company anticipates softer near-term demand in Lighting segment but aims for above-market growth

Result Drivers

ROYSTON ACQUISITION - Six days of Royston Group results contributed to Q3 sales growth

DISPLAY SOLUTIONS DEMAND - Strong project activity and double-digit growth in grocery and refueling/c-store verticals boosted Display Solutions segment sales and margins

PRICE OPTIMIZATION & PRODUCTIVITY - Improved productivity and strategic price actions supported higher margins

Company press release: ID:nBw1tQFSha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$150.50 mln
$138.70 mln (3 Analysts)
Q3 Adjusted EPS
$0.28
$0.22 (2 Analysts)
Q3 EPS
$0.06
Q3 Adjusted Net Income
$9.6 mln
$7.38 mln (2 Analysts)
Q3 Net Income
$2.1 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for LSI Industries Inc is $31.00, about 49.7% above its April 22 closing price of $20.71

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)