LSI Industries Q4 sales beat on Royston acquisition boost

LSI Industries

20/08/2026 12:14

Overview
U.S. lighting and display maker's fiscal Q4 sales rose 51%, beating analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Growth driven by Royston acquisition and demand in key verticals

Outlook
Company expects grocery vertical demand to remain elevated entering fiscal 2027
LSI anticipates sustained, elevated project activity in Display Solutions segment in fiscal 2027
Company expects project activity for Royston's c-store customers to ramp up in fiscal 2027

Result Drivers
ROYSTON ACQUISITION - First full-quarter contribution from Royston boosted sales and margins
DISPLAY SOLUTIONS DEMAND - Strong demand in grocery and refueling/c-store verticals drove Display Solutions segment growth
OPERATIONAL DISCIPLINE - Margin improvement attributed to operational discipline and favorable mix from Royston acquisition

Company press release: ID:nBw3bFLWJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$234.6 mln
$222.78 mln (4 Analysts)
Q4 Adjusted EPS
Beat
$0.38
$0.36 (3 Analysts)
Q4 EPS
 
$0.18
 
Q4 Adjusted Net Income
Beat
$14.40 mln
$13.62 mln (3 Analysts)
Q4 Net Income
 
$6.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $30.50, about 26.8% above its August 19 closing price of $24.06
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 18 - AXIL Brands Q4 revenue rises 49% on big-box retail orders
Aug 20 - Target's grocery bet is paying off. Now it must get shoppers beyond the snack aisle
Aug 20 - Walmart reports rare comparable sales miss as consumers pare back spending

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.)