Lsi Industries Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2020
January 21, 2021 at 06:30 am EST
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LSI Industries Inc. announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced sales was USD 76.387 million compared to USD 82.377 million a year ago. Operating income was USD 2.686 million compared to USD 1.760 million a year ago. Net income was USD 2.208 million compared to USD 1.743 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.07 a year ago. For the half year, sales was USD 146.393 million compared to USD 171.078 million a year ago. Operating income was USD 4.888 million compared to USD 8.599 million a year ago. Net income was USD 4.198 million compared to USD 6.218 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 0.24 a year ago.
LSI Industries Inc. is a producer of non-residential lighting and retail display solutions. It operates through two segments: Lighting and Display Solutions. Its Lighting Segment manufactures, markets, and sells outdoor and indoor lighting fixture and controls solutions in the commercial and industrial markets, including refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse. The Company services these markets through multiple channels: project business sold through electrical distributors and agents, standard products sold to and stocked by distributors, and direct to end-use customers. Its Display Solutions Segment manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, store display fixtures, refrigerated displays, and custom display elements.
LSI INDUSTRIES INC. 
