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Highlights
LYTS' fourth quarter net sales increased 20% year-over-year to USD 155.1 million, with adjusted net income of USD 10.6 million.
Full year fiscal 2025 net sales rose 22% to a record USD 573.4 million, with adjusted EBITDA of USD 55.0 million.
LSI ended fiscal 2025 with free cash flow of USD 34.7 million and a net debt-to-adjusted EBITDA ratio of 0.8x.
LSI Industries Inc. (Nasdaq:LYTS), a U.S.-based manufacturer of commercial lighting and display solutions, announced its financial results for the fourth quarter and full year ended June 30, 2025. The company reported growth across key metrics, including record full year sales and increased earnings.
For the fourth quarter of fiscal 2025, LSI reported net sales of USD 155.1 million, up 20% compared to the same period last year. Excluding acquisition-related contributions, net sales grew 11%. Net income for the quarter was USD 8.2 million, or USD 0.26 per diluted share, while adjusted net income was USD 10.6 million, or USD 0.34 per diluted share.
Fourth quarter adjusted EBITDA totaled USD 17.0 million, representing 11.0% of sales. The adjusted EBITDA margin improved by 250 basis points compared to the fiscal third quarter, supported by increased demand, pricing adjustments aligned with material costs, and productivity gains. Free cash flow in the quarter reached USD 8.5 million.
For the full fiscal year 2025, LSI delivered net sales of USD 573.4 million, an increase of 22% from fiscal 2024, marking the company’s highest annual revenue to date. Growth was driven by a combination of organic expansion and acquisition contributions, including EMI Industries, acquired in April 2024, and Canada’s Best Holdings, acquired in March 2025.
Full year net income was USD 24.4 million, or USD 0.79 per diluted share, compared to adjusted net income of USD 32.9 million, or USD 1.07 per diluted share. Reported EBITDA reached USD 48.3 million, while adjusted EBITDA was USD 55.0 million, representing 9.6% of sales.
The company generated USD 34.7 million in free cash flow during the year. LSI also reported a net debt-to-adjusted EBITDA ratio of 0.8x and availability of approximately USD 42 million under its credit facility as of June 30, 2025. Management indicated that capital allocation during fiscal 2025 was directed toward organic growth initiatives, acquisition-related investments, and debt reduction.
The Board of Directors declared a regular quarterly cash dividend of USD 0.05 per share, payable on September 10, 2025, to shareholders of record on September 2, 2025.
Headquartered in Cincinnati, LSI Industries designs and manufactures advanced lighting, graphics, and display solutions for non-residential applications across strategic vertical markets. Its American-made products and project management services support large-scale product rollouts, with applications spanning indoor and outdoor lighting, print and digital graphics, refrigerated displays, and custom solutions.
