LYTS
LSI INDUSTRIES INC
Next earnings Aug 19, 2026 (after close) · consensus $0.37 EPS, $227M rev
Last earnings +9.5% on 2026-04-23
$26.56
▼ -0.90%$26.56▲ +61.20%
over 1Y
L $16.34EODHDH $26.80
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.9%
1W+2.0%
1M+7.4%
3M+43.6%
YTD+44.4%
1Y+61.2%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Buy
Top-line surged 22% on Display Solutions strength, but margins and EPS slipped while a 34x P/E already reflects the growth.
Revenue $573M · FY2025
The read
Middling fundamentals and a rich price (~34% above fair value) leave little margin of safety — a wait-and-see.
LYTS just printed a standout revenue year — FY2025 revenue of $573M is up 22.1% YoY, the highest growth rate in the visible history (FY22 $455M → FY23 $497M → FY24 $470M → FY25 $573M). The property schedule in the 10-K tells the story: the Display Solutions segment now spans 15+ facilities from Houston and Tampa to Cranston and Canada, dwarfing the smaller Lighting footprint. This is a deliberate mix shift toward Display Solutions, and it's working on the top line.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | $455M | $497M | $470M | $573M |
| Gross profit | $79.0M | $109M | $137M | $133M | $142M |
| Operating income | $8.03M | $21.2M | $37.0M | $35.5M | $35.8M |
| Net income | $5.87M | $15.0M | $25.8M | $25.0M | $24.4M |
| Diluted EPS | $0.21 | $0.54 | $0.88 | $0.83 | $0.79 |
| Net margin | — | 3.3% | 5.2% | 5.3% | 4.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$856M
EV / EBITDA17.7
EV / Sales1.5
EV / FCF24.7
P / FCF23.4
PEG (trailing)—
Earnings yield3.0%
FCF yield4.3%
Quality & risk
ROIC (est.)10.1%
Free cash flow$34.7M
Total debt$48.6M
Net cash-$45.1M
Piotroski F-Score5/9
Capital returns
Buyback yield0.0%
Dividend yield (est.)0.7%
Shareholder yield0.7%
Shares Δ YoY+2.6%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
- 8-K/A Amended 8-K2026-06-05
Amendment filing acquired-business financials/pro formas for prior 8-K acquisition.
- 10-Q Quarterly report2026-05-08
Q3 FY26 10-Q filed; covers post-acquisition period with expanded scale.
- 8-K Earnings results2026-04-23
Q3 FY26 earnings release issued; investor presentation furnished (Reg FD).
- 8-K Material agreement2026-03-24
Closed acquisition with new credit facility drawdown; added debt to fund deal.
- 8-K Material agreement2026-03-02
Entered material agreement (likely acquisition signing); other events disclosed.
- 8-K Material agreement2026-02-25
Signed material agreement and furnished related Reg FD update to investors.
- 10-Q Quarterly report2026-02-09
Q2 FY26 10-Q filed; ongoing growth in Display Solutions vs Lighting mix.
- 8-K Earnings results2026-01-22
Q2 FY26 earnings release with investor deck furnished under Reg FD.
- 8-K Shareholder vote2025-11-10
Annual meeting vote results: directors and routine proposals approved.
Recent filings
all on EDGAR ↗8-K/APeriod ending 2026-03-242026-06-05open ↗144Filing2026-06-01open ↗4Period ending 2026-06-012026-06-01open ↗4Period ending 2026-05-282026-06-01open ↗4Period ending 2026-05-282026-06-01open ↗SDFiling2026-05-29open ↗144Filing2026-05-28open ↗144Filing2026-05-28open ↗10-QPeriod ending 2026-03-312026-05-08open ↗SCHEDULE 13G/AFiling2026-04-27open ↗8-KPeriod ending 2026-04-232026-04-23open ↗4Period ending 2026-04-012026-04-03open ↗
Frequently asked
- Is LSI INDUSTRIES INC (LYTS) a buy?
- LYTS currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Top-line surged 22% on Display Solutions strength, but margins and EPS slipped while a 34x P/E already reflects the growth.
- What is LYTS's fair value?
- A Modified-Graham model based on LYTS's SEC fundamentals estimates a fair value of about $17.47. It is an estimate from reported earnings, not a price target.
- Is LYTS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, LYTS currently appears overvalued relative to its SEC-grounded earnings power.
- What is LSI INDUSTRIES INC's quality score?
- LYTS scores 66.2156862745098/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000763532, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/25/2026, 2:32:07 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.