Fourth Quarter Financial Performance: LSI Industries reported a 20% increase in net sales to $155.1 million for the fourth quarter of fiscal 2025, with net income of $8.2 million and adjusted EBITDA of $17.0 million.
Full Year Results: For the full fiscal year 2025, LSI achieved record net sales of $573.4 million, up 22% year-over-year, with net income of $24.4 million and adjusted EBITDA of $55.0 million.
Strategic Growth Initiatives: The company continued its vertical market strategy, integrating recent acquisitions including EMI Industries and Canada's Best Holdings, contributing to organic growth alongside acquisition-related revenues.
Future Outlook: LSI enters fiscal 2026 with a strong balance sheet, a healthy backlog, and plans to expand its addressable markets while maintaining operational excellence and disciplined capital allocation.
LYTS
$18.93+Infinity%1D
Analyst Views on LYTS
Wall Street analysts forecast LYTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LYTS is 27.50 USD with a low forecast of 25.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast LYTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LYTS is 27.50 USD with a low forecast of 25.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 19.330
Low
25.00
Averages
27.50
High
30.00
Current: 19.330
Low
25.00
Averages
27.50
High
30.00
Canaccord
Buy
upgrade
$22 -> $25
2025-08-25
Reason
Canaccord
Price Target
$22 -> $25
2025-08-25
upgrade
Buy
Reason
Canaccord raised the firm's price target on LSI Industries to $25 from $22 and keeps a Buy rating on the shares. The firm said they reported strong F4Q25 results consistent with management's high "say/do" ratio. Quarterly revenue was driven by "improved demand across both its lighting and display solutions markets." Total orders increased 11% y/y "as orders matched a strong sales quarter." Canacord said they see the opportunity for continued earnings growth from the stabilization of grocer activity, refueling/ C-Store, automotive, and parking penetration and synergistic value creation through M&A.
Craig-Hallum
Buy
maintain
$26 -> $28
2025-08-22
Reason
Craig-Hallum
Price Target
$26 -> $28
2025-08-22
maintain
Buy
Reason
Craig-Hallum raised the firm's price target on LSI Industries to $28 from $26 and keeps a Buy rating on the shares. LSI reported a Q2 beat with double-digit growth in both Lighting and Display segments from strength in C-Store/Refueling and Grocery recovery, along with contribution from M&A, the analyst tells investors in a research note. Activity levels remain solid and point to a good start to FY26, the firm adds.
Texas Capital
Min Cho
initiated
$20
2025-07-24
Reason
Texas Capital
Min Cho
Price Target
$20
2025-07-24
initiated
Reason
Texas Capital analyst Min Cho initiated coverage of LSI Industries with a Buy rating and $20 price target.
Canaccord
Buy
downgrade
$26 -> $22
2025-04-25
Reason
Canaccord
Price Target
$26 -> $22
2025-04-25
downgrade
Buy
Reason
Canaccord lowered the firm's price target on LSI Industries to $22 from $26 and keeps a Buy rating on the shares. The firm said it wasn't a perfect quarter. Margins were a little weaker than expected, the Lightning segment was weaker. There were also several positives: the Display Solutions segment had 15% organic growth, management completed the acquisition of Canada's Best Store Fixtures.
About LYTS
LSI Industries Inc. is a producer of non-residential lighting and retail display solutions. The Company operates through two segments: Lighting and Display Solutions. The Lighting Segment manufactures, markets, and sells outdoor and indoor lighting fixtures and control solutions in the vertical markets: refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse. It services these markets through multiple channels: project business sold through electrical distributors and agents and shipped directly to the customer; standard products sold to and stocked by distributors, and direct to end-use customers. The Display Solutions Segment also manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, refrigerated displays, and custom display elements.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
