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LSI Industries Reports Strong Fourth-Quarter Earnings

August 18, 2023 by Forex Winner Leave a Comment

LSI Industries, a leading lighting manufacturer, has exceeded analysts’ expectations with its impressive fourth-quarter earnings. The company’s shares saw a significant increase of 20% to $15.32 following this positive news.

In the fourth quarter, LSI Industries recorded earnings of $8.4 million, or 28 cents per share, compared to $5.2 million, or 18 cents per share, during the same period last year. This surpasses the projected earnings of $4.9 million, or 17 cents per share, as forecasted by analysts polled by FactSet.

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In terms of sales, LSI Industries reported $123.6 million for the quarter, slightly lower than the previous year’s $127.5 million but still higher than the projected $118.6 million anticipated by analysts.

Adjusted earnings for the quarter stood at an impressive 30 cents per share, surpassing analysts’ forecast of 18 cents per share.

LSI Industries attributes its strong performance in the fourth quarter to favorable demand conditions across its markets, disciplined pricing strategies, a sales mix that emphasized higher-value products, and excellent operational execution.

This substantial success demonstrates LSI Industries’ ability to thrive in a competitive industry and positions them as a remarkable player in the market.

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Filed Under: Forex News Tagged With: earnings, financial results, fourth quarter, LSI Industries

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