LSI Industries Inc. (LYTS) reported its second-quarter financial results, revealing a decline in profit compared to the previous year, yet surpassing Wall Street's expectations. The company achieved a net income of $5.65 million, or $0.18 per share, down from $5.91 million, or $0.20 per share, in the same period last year.
Adjusting for certain items, LSI Industries reported earnings of $8.00 million, or $0.26 per share for the quarter. This performance exceeded analysts' average projections, who had anticipated earnings of $0.20 per share, typically excluding any special items from their forecasts.
Notably, the company's revenue surged by 35.5%, reaching $147.73 million, up from $109.01 million the previous year.
Key financial highlights for LSI Industries Inc. (GAAP) include:
- Earnings: $5.65 million compared to $5.91 million in the prior year.
- Earnings per Share (EPS): $0.18 versus $0.20 last year.
- Revenue: $147.73 million, an increase from $109.01 million a year ago.
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