LSI Industries gains as Royston acquisition boosts sales, Q2 beat - LYTS News | RalliesLSI Industries gains as Royston acquisition boosts sales, Q2 beat
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LYTS• CFO retirement announced
- LSI Industries also said CFO James E. Galeese will retire from the position, and the company expects to name a successor in the first half of 2027.
Shares rise after earnings beat
- Shares of lighting products and graphics firm LSI Industries LYTS.O rose 4.8% to $25.23 premarket.
- The company reported Q4 adjusted EPS of 38 cents, beating the 36-cent estimate, according to LSEG data.
- It also reported Q4 revenue of $234.6 million, versus $155.1 million a year ago and above analyst expectations of $222.7 million.
Royston acquisition boosts near-term growth
- LYTS said the acquisition of Royston boosted the company's near-term sales and profit growth as the platform helped improve consumer experience.
- The company also expects spending by grocery chains to remain strong in FY27.
- As of the last close, the stock was up 31.3% year to date.
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