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Stock impact report

LSI Industries Reports Fiscal Fourth Quarter 2019 Results and Declares Quarterly Cash Dividend

LSI Industries Inc. (LYTS) 
Last lsi industries inc. earnings: 4/23 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: lsiindustries.gcs-web.com/investor-overview
Company Research Source: GlobeNewswire
CINCINNATI, Aug. 22, 2019 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ:  LYTS, or the “Company”) a leading U.S. based manufacturer of indoor/outdoor lighting and graphics solutions, today announced results for the fiscal fourth quarter 2019. Fourth Quarter 2019 Summary Sales of $81.5 million; EPS $0.03; EBITDA $2.2 million; Adjusted EBITDA $3.3 millionOrder rate mid-single digits above last year; increased backlogFree Cash Flow $4.8 million; Debt reduction of $4.3 million, net leverage ratio 2.7xNew Windsor, NY production transfer complete; cost savings beginning fiscal Q2New Windsor, NY building sale/closing expected in September; proceeds to be $12 million Net sales were $81.5 million in the fiscal fourth quarter 2019, a decrease of 2% compared to $83.4 million in the fourth quarter 2018.  Reported net income was $0.9 million, or $0.03 per diluted share, versus a loss of $(2.7 million), or $(0.10) per diluted share, in the fourth quarter 2018.  Reported fiscal fourth quarte Show less Read more
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