LSI Industries gains as Royston acquisition boosts sales, Q2 beat
BUZZ-LSI Industries gains as Royston acquisition boosts sales, Q2 beat ** Shares of lighting products and graphics firm LSI Industries LYTS.O rise 4.8% to $25.23 premarket
** Co posts Q4 adj. EPS of 38 cents, beating est. of 36 cents - LSEG data
** Reports Q4 revenue of $234.6 mln vs $155.1 mln, a year ago and above analyst est. of $222.7 mln
** LYTS says acquisition of Royston boosted co's near-term sales and profit growth as the platform helped in better consumer experience
** Also announces CFO James E. Galeese to retire from the position, co to name successor in the first half of 2027
** Co expects spending by grocery chains to remain strong in FY27
** As of last close, stock up 31.3% YTD
(Reporting by Anand Gopal in Bengaluru)
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