The Board of Directors of LSI Industries Inc. declared a regular quarterly cash dividend of $0.06 per share payable on February 11, 2014 to shareholders of record as of February 4, 2014. The indicated annual cash dividend rate for fiscal 2014 is $0.24 per share. The declaration and amount of any cash and stock dividends will be determined by the Board of Directors in its discretion based upon its evaluation of earnings, cash flow requirements and future business developments and opportunities, including acquisitions, if any.

The company announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2013. The company's net sales in the second quarter of fiscal 2014 were $76,123,000, an increase of 7% as compared to last year's second quarter net sales of $71,082,000. Operating income was $1,511,000 against operating loss of $2,709,000 a year ago. Income before income taxes was $1,499,000 against loss before income taxes of $2,691,000 a year ago. Net income was $870,000 or $0.04 per diluted share against net loss of $2,450,000 or $0.10 per diluted share a year ago.

The company's net sales for the first six months of 2013 were $156,609,000, an increase of 7% as compared to last year's first half net sales of $145,801,000. Operating income was $4,350,000 against $318,000 a year ago. Income before income taxes was $4,326,000 against $316,000 a year ago. Net income was $2,735,000 or $0.11 per diluted share against net loss of $620,000 or $0.03 per diluted share a year ago.