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LSI Industries Inc.

LYTS

Technology · 20.04 +2.2% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

LSI Industries Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 33 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

P/E25.4xlatest annual facts
Revenue YoY+22.1%2025-06-30
Operating margin6.2%-1.3 pts YoY
Company+2.2% todayVolume comparison unavailable
Market group0 of 33 activeIndustrial Financials · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
  • Inventory and accounts receivable grew faster than revenue, making working-capital intensity a current operating condition to compare.
  • LSI said acquisitions increased sales but diluted operating income, so future filings should be compared for changes in that effect.

Invalidation: The isolated read changes if LYTS's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Electronic Components

No new filing conclusion is available. 0 of 33 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Inventory and accounts receivable grew faster than revenue, making working-capital intensity a current operating condition to compare.
  • LSI said acquisitions increased sales but diluted operating income, so future filings should be compared for changes in that effect.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements86
Verified relationships0
Evidence supporting the case
  • Latest annual revenue changed +20.2% year over year.
  • Operating cash flow covered net income at 1.96x in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 9.3% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 59% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 58% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

20.04
6m-6.6%12m-12.6%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-06-30$455.1M+44.2%$0.54+2.0%
2023-06-30$497.0M+9.2%$0.88+4.7%
2024-06-30$469.6M-5.5%$0.83+2.6%
2025-06-30$573.4M+22.1%$0.79+2.5%
2026-06-30$689.4M+20.2%$0.67+9.3%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
The increase in interest expense is the result of the funds borrowed to acquire EMI in the fourth quarter of fiscal 2024 along with the funds borrowed to acquire CBH in the third quarter of fiscal 2025, partially offset by decreased borrowing costs.
10-K · Sep 3, 2026
Demand and volumepositive · 4 filings
Seasonality Our business in both lighting and display solutions segments is subject to some seasonality, with net sales being affected by weather and seasonal demand on construction and installation programs, particularly during the winter months, as well as…
10-K · Sep 3, 2026
Input and raw-material costsnegative · 2 filings
The increase in Non-GAAP adjusted net income is primarily the net result of an increase in net sales partially offset by unfavorable product mix.
10-K · Sep 3, 2026
Pricing and mixpositive · 1 filings
Gross profit as a percentage of sales improved 120 basis points as a result of pricing actions taken in response to shifts in material input costs.
10-Q · May 8, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.0× · EV/sales 1.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

20.04+2.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for LYTS. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for LYTS. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind LYTS

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

LYTS is currently a Follower in the organic co-movement group Industrial Financials. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

This group is retained as the last observed read for LYTS; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.