LSI Industries Inc

lsicorp.com

What Do They Do?

Sells signs and custom displays to retailers, restaurants and convenience-store operators, along with indoor and outdoor lighting for commercial customers.

How Do They Make Money?

Most customers pay for products after shipment, with payment terms typically 30 to 90 days from shipment. Custom products and installation work bring in revenue as the work is performed.

revenue

Segment	Share	Revenue	How money arrives
Lighting Segment Sold outright	41% FY2023: 55%		Sold outright
Display Solutions Segment Sold outright	62% FY2023: 45%		Sold outright

Who Are Their Customers?

Lighting reaches buyers through sales representatives, distributors and agents, with some direct sales; Display Solutions sells mainly through LSI's direct sales force, directly to customers or through brand marketers.

Do Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in FY2026 and turned 6 cents into free cash flow.

Operating income, FY2026

6% of revenue

▲ +7% vs FY2025 ($35.8M, 6%)

Net income, FY2026

3% of revenue

▼ −7% vs FY2025 ($24.4M, 4%)

Free cash flow, FY2026

6% of revenue

▲ +13% vs FY2025 ($34.7M, 6%)

How Are They Changing?

Growing. Revenue grew 51% in 4 years, from $455.1M in FY2022 to $689.4M in FY2026, about 11% a year.

Broader display offerings Acquisitions broadened the Display Solutions lineup with metal-and-millwork fixtures and heated display cases; the earlier report describes graphics, signage, refrigerated displays and custom display elements.

Revenue over time

Lighting Segment Display Solutions Segment

$1B$500M$0

FY2022 FY2023 FY2024 FY2025 FY2026

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