LSI Industries Inc. reported a 51% increase in net sales for the fiscal fourth quarter to $234.6 million, driven by an 8% organic rise and contributions from the Royston Group acquisition, which closed in March.
Net income for the quarter declined to $6.9 million, or $0.18 per diluted share, from $8.2 million, or $0.26 per share, in the same period a year earlier. Adjusted net income, excluding $3.0 million in acquisition-related expenses, totaled $14.4 million, or $0.38 per share, a 46% increase from the prior-year adjusted figure.
For the full fiscal year ended June 30, net sales rose 20% to $689.4 million. Net income decreased to $22.6 million, or $0.67 per share, from $24.4 million, or $0.79 per share, in fiscal 2025. Adjusted earnings per diluted share climbed to $1.25 from $1.07 a year earlier.
Free cash flow for the quarter totaled $9.7 million, while full-year free cash flow reached $39.0 million. The company maintained a net debt to proforma trailing twelve-month adjusted EBITDA ratio of 2.7x as of June 30, with approximately $95 million available under its $350 million credit facility.
Segment performance showed strong growth in display solutions, where sales doubled year-over-year, including 18% organic growth. The lighting segment reported a 17% sequential increase but a 3% year-over-year decline.
LSI Industries declared a regular cash dividend of $0.05 per share, payable September 8 to shareholders of record August 31.
