Short answer
LSI INDUSTRIES INC (LYTS) filed its fiscal 2026 10-K annual report with the SEC on Sep 3, 2026. It reported revenue of $235M (−59.1% year over year) and net income of $23M.
- Top risk flagged: Regulatory risk: U.S. tariffs on components and finished goods raising costs, risking margin pressure and reduced demand
FY2026 key financial metrics · XBRL
- Revenue
- $235M
- −59.1% YoY
- Net income
- $23M
- −7.4% YoY
- Operating margin
- 16.4%
- +10.1 pp YoY
- Gross margin
- 73.9%
- +49.2 pp YoY
- EPS (diluted)
- $0.67
- −15.2% YoY
- ROE
- 6.3%
- −4.3 pp YoY
- Operating cash flow
- $44M
- +15.8% YoY
Source: XBRL data from the LSI INDUSTRIES INC (LYTS) FY2026 10-K on SEC EDGAR. USD.
LSI INDUSTRIES INC FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Manufactures and sells non-residential lighting and retail display solutions, focusing on integrated customer-specific package solutions
- New emphases: Recent acquisitions of Royston Group in Q3 FY2026, expanding Display Solutions product portfolio with custom store fixtures and refrigerated displays
- Strategic shift: Increased focus on Display Solutions Segment driving 62% of FY2026 net sales, up from 57% in prior years due to acquisitions and organic growth
- Quantitative metric: Net sales growth to $689.4M in FY2026 from $573.4M in FY2025; employee count approx. 3,000 full/part-time plus 175 agency staff
- Noteworthy fact: Display Solutions segment expanded significantly through multiple acquisitions in last three years, consolidating multiple custom fixture providers
Management Discussion & Analysis
- No Management’s Discussion and Analysis details provided in the 10-K filing for fiscal year 2026
Risk Factors
- Regulatory risk: U.S. tariffs on components and finished goods raising costs, risking margin pressure and reduced demand
- Geopolitical risk: Petroleum industry market exposure, with sales dependent on oil prices and political events affecting refueling/convenience stores
- Operational risk: Integration challenges and substantial costs related to March 2026 Royston Group acquisition, risking financial and operational disruption
- Competitive risk: Product innovation delays risking obsolescence versus competitors with superior technology and new market entrants
- Financial risk: $267.5 million gross indebtedness from Royston acquisition increasing interest expense and restricting financial flexibility
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