LSI Industries Inc. (LYTS) Stock Price & Analysis
LSI Industries Inc. (LYTS) closed at USD 20.46 on Wednesday, October 28, 2026, down 1.45% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 20.76; the Oct 28, 2026 session ranged USD 20.41–21.01 on volume of 194,916 shares. Market capitalization is $763.25M, with a 52-week range of USD 17.21–27.36 (NMS). Source: Nexqual, retrieved October 28, 2026 at 22:50 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LYTS.md
Key facts (LYTS)
- Last four reported quarters (through Jun 30, 2026): revenue $689M, net income $22.6M (3.3% margin), free cash flow $39.0M (SEC filings).
- Valuation: P/E 33.8x (avg 26.2x at the last 3 fiscal year-ends), EV/EBITDA 18.3x, net debt $242M.
- 1 of 80 tracked superinvestors hold LYTS (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 10 Form 4 filings, $8.4M; 10 not under a Rule 10b5-1 plan ($8.4M); 0 by opportunistic insiders, 8 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $39K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 30 (range 29–31).
- Total return with dividends: 1Y -10.8% vs S&P 500 +13.6%; 5Y +196.7% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.32, revenue estimate $225M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LYTS)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $455M | $497M | $470M | $573M | $689M | $689M |
| Gross profit | $109M | $137M | $133M | $142M | $173M | — |
| Operating income | $21.2M | $37.0M | $35.5M | $35.8M | $38.4M | $38.4M |
| Net income | $15.0M | $25.8M | $25.0M | $24.4M | $22.6M | $22.6M |
| EPS (diluted) | $0.54 | $0.88 | $0.83 | $0.79 | $0.67 | — |
| Free cash flow | -$6.0M | $46.4M | $38.0M | $34.7M | $39.0M | $39.0M |
| Gross margin | 24.0% | 27.6% | 28.4% | 24.7% | 25.1% | — |
| Operating margin | 4.7% | 7.5% | 7.6% | 6.2% | 5.6% | 5.6% |
| Net margin | 3.3% | 5.2% | 5.3% | 4.3% | 3.3% | 3.3% |
| Revenue growth | +44.2% | +9.2% | -5.5% | +22.1% | +20.2% | — |
| Cash + short-term investments | $2.5M | $1.8M | $4.1M | $3.5M | $14.2M | — |
| Total debt | $79.6M | $35.2M | $54.2M | $48.6M | $256M | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (LYTS)
P/E 33.8x · P/S 1.1x · EV/EBITDA 18.3x · EV/Sales 1.5x · P/FCF 19.6x · P/B 2.1x · FCF yield 5.11% · Earnings yield 2.96% · Dividend yield (paid, TTM) 0.85% · Net debt $242M · EV $1.00B
P/E at fiscal year-ends: Jun 2026 39.7x, Jun 2025 21.5x, Jun 2024 17.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (LYTS)
1 of 80 tracked investors hold LYTS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $9.1M | Added +19.4% |
Insider sales (SEC Form 4, open-market, last ~7 months) (LYTS)
0 of 10 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-26 | Galeese James E | Executive VP; CFO | 4,778 | $97K | 2.5% | No | Routine (sold in Aug each year 2023–2025) |
| 2026-08-26 | Clark James Anthony | CEO and President | 13,907 | $282K | 2.3% | No | Routine (sold in Aug each year 2023–2025) |
| 2026-08-26 | Caneris Thomas A | EVP, HR and General Counsel | 3,170 | $64K | 4.2% | No | Routine (sold in Aug each year 2023–2025) |
| 2026-08-24…2026-08-25 | Galeese James E | Executive VP; CFO | 16,410 | $327K | 7.9% | No | Routine (sold in Aug each year 2023–2025) |
| 2026-08-24…2026-08-25 | Clark James Anthony | CEO and President | 47,046 | $938K | 7.2% | No | Routine (sold in Aug each year 2023–2025) |
| 2026-08-24…2026-08-25 | Caneris Thomas A | EVP, HR and General Counsel | 11,034 | $220K | 12.6% | No | Routine (sold in Aug each year 2023–2025) |
| 2026-06-01 | Ogara Wilfred T | Director | 10,369 | $250K | 9.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-01 | Ogara Wilfred T | Director | 10,369 | $250K | 9.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-28 | Galeese James E | Executive VP; CFO | 136,578 | $3.3M | 44.1% | No | Routine (sold in Aug each year 2023–2025; this trade is outside those months) |
| 2026-05-28 | Caneris Thomas A | EVP, HR and General Counsel | 109,226 | $2.7M | 62.8% | No | Routine (sold in Aug each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (LYTS)
1 purchase, $39K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-24 | Marshall Ernest W Jr | Director | 2,000 | $39K | 19.73 | Too little history (no open-market trades in 2023–2025) |
Analysts (LYTS)
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 30 (low 29, high 31).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | HC Wainwright & Co. | Reiterated | Buy | $30 |
| 2026-08-21 | Oppenheimer | Target lowered | Outperform | $30 → $29 |
Total return (dividends reinvested) (LYTS)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -10.8% | +196.7% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -10.8% | +24.3% |
| Volatility (annualized) | 40.6% | 41.2% |
| Max drawdown | -27.6% (Jun 2026→Oct 2026) | -32.5% (Jan 2025→Apr 2025) |
LYTS earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 20, 2026 | Quarter ended Jun 30, 2026 | $0.38 | $0.36 | Beat +5.6% | -15.5% |
| Apr 23, 2026 | Quarter ended Mar 31, 2026 | $0.28 | $0.21 | Beat +33.3% | +6.7% |
| Jan 22, 2026 | Quarter ended Dec 31, 2025 | $0.26 | $0.22 | Beat +18.2% | +8.6% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | $0.31 | $0.28 | Beat +10.7% | -15.4% |
| Aug 21, 2025 | — | — | — | — | +22.6% |
| Apr 24, 2025 | — | — | — | — | -5.9% |
| Jan 23, 2025 | — | — | — | — | +11.6% |
| Nov 7, 2024 | — | — | — | — | +12.1% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
LYTS recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 9, 2026 | DEFA14A | Additional proxy material |
| Oct 9, 2026 | DEF 14A | Proxy statement (pay, board, votes) · period ended Nov 24, 2026 |
| Sep 3, 2026 | 10-K | Annual report · period ended Jun 30, 2026 |
| Aug 25, 2026 | 8-K | Director or executive officer change, or pay arrangement “1. Fiscal Year 2027 Long Term Incentive Plan Effective August 19, 2026, the Compensation Committee (the " Committee ") of the Board of Directors of LSI Industries Inc. (the " Company ") adopted the FY2027 Long Term Incentive Plan (the " LTIP "). The LTIP provides for the issuance of share-based awards to named executive officers and other employees of the Company pursuant to the LSI Industries Inc. Omnibus Award Plan (the " 2019 Omnibus Award Plan "). The LTIP advances the Company's commitment to performance-based…” |
| Aug 20, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
| Aug 20, 2026 | 8-K | Director or executive officer change, or pay arrangement “On August 19, 2026, James E. Galeese, Executive Vice President and Chief Financial Officer of LSI Industries Inc., an Ohio corporation ("LSI" or the "Company"), notified the Board of Directors of his planned retirement from his positions with LSI and its subsidiaries, effective August 31, 2027 (the "Retirement Date"). Mr. Galeese's retirement is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Galeese will remain in his current role as…” |
| Aug 14, 2026 | Schedule 13G/A | SYSTEMATIC FINANCIAL MANAGEMENT LP: 6.7% of shares, passive 5%+ holder (amended) |
| Jul 29, 2026 | Schedule 13G/A | BlackRock, Inc.: 7.0% of shares, passive 5%+ holder (amended) |
| Jul 22, 2026 | Schedule 13G | ROYCE & ASSOCIATES LP: 5.0% of shares, passive 5%+ holder |
| Jul 8, 2026 | Schedule 13G | FMR LLC, Abigail P. Johnson: 10.9% of shares, passive 5%+ holder |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
LYTS revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Display Solutions | $164.2M | — | +99.4% |
| Lighting | $70.5M | — | -3.1% |
| Total revenue | — | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
LYTS company outlook (results filed Aug 20, 2026)
- “Activity within this vertical has steadily improved over the past two years following the industry-wide pause related to the proposed merger of two large grocery chains, and we expect demand to remain elevated entering fiscal 2027. "Across the refueling/c-store vertical, fourth quarter sales increased 16% versus the prior year quarter.”
- “Importantly, several of Royston's largest c-store customers are in the initial phase of a multi-year renovation and new construction cycle, with project activity that is expected to ramp beginning in fiscal 2027 and continue throughout the next several years," stated Clark. "Entering fiscal 2027, we anticipate a sustained, elevated pace of project activity within the Display Solutions segment.”
- “We're confident in the outlook for our business and look forward to continuing to create value with our customers, employees and shareholders in the years ahead." FISCAL 2026 FOURTH QUARTER CONFERENCE CALL A conference call will be held today at 11:00 A.M.”
Quoted word-for-word from the SEC 8-K results press release.
LYTS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.32 | $0.34 | -8.7% | $224.8M | 2 |
| Next quarter (ends Dec 2026) | $0.29 | $0.32 | -9.4% | $211.3M | 2 |
| Current fiscal year (ends Jun 2027) | $1.34 | $1.40 | -3.6% | $885.1M | 2 |
| Next fiscal year (ends Jun 2028) | $1.74 | $1.73 | +0.6% | $952.8M | 2 |
LYTS options: expected move
Options price a move of about ±20.2% (±$4.20) by Jan 15, 2027, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±12.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Jan 15, 2027 | 79 | 66.1% | ±20.2% |
| Apr 16, 2027 | 170 | 56.1% | ±29.7% |
30-day implied volatility 69% vs 26.9% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 28, 2026 at 22:50 UTC)
| Price | USD 20.46 |
|---|---|
| Change | ▼ 1.45% (down) |
| Previous Close | USD 20.76 |
| Open | USD 20.86 |
| Day Range | USD 20.41 – 21.01 |
| 52-Week Range | USD 17.21 – 27.36 |
| Volume | 194,916 shares |
| Market Cap | $763.25M |
| Exchange | NMS |
Technical Analysis (LYTS)
Nexqual's technical model rates LYTS "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 28, 2026 at 22:50 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 52.79 (neutral) |
| vs SMA50 | Above (USD 20.39) |
| MACD | -0.13 (negative) |
Analyst Ratings (LYTS)
Wall Street analysts rate LYTS "Buy" based on 3 analysts, with a mean price target of USD 30 (range USD 29–31), per Nexqual as of October 28, 2026 at 22:50 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 30 |
| High Target | USD 31 |
| Low Target | USD 29 |
| Buy / Hold / Sell | 3 / 0 / 0 |
Earnings (LYTS)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.32 |
| Revenue Estimate | $224.78M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.38 vs est 0.36 ▲ beat |
| 2026-03-31 | USD 0.28 vs est 0.21 ▲ beat |
| 2025-12-31 | USD 0.26 vs est 0.22 ▲ beat |
| 2025-09-30 | USD 0.31 vs est 0.28 ▲ beat |
Source: Nexqual, October 28, 2026 at 22:50 UTC.
Financials & Fundamentals (LYTS)
| Total Revenue | $689.40M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +51.30% |
| Gross Margin | +25.15% |
| Operating Margin | +10.39% |
| Profit Margin | +3.28% |
| ROE | +7.64% |
| Debt / Equity | 0.85 |
| Current Ratio | 1.97 |
| Total Cash | $14.25M |
| Total Debt | $306.73M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $39.01M (5.7% of revenue) |
Source: Nexqual, October 28, 2026 at 22:50 UTC.
Financial Health Score (LYTS)
Nexqual rates LSI Industries Inc.'s overall financial health "Mixed" across five dimensions, as of October 28, 2026 at 22:50 UTC.
| Growth | Strong — Revenue +20% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 25%, operating 6% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Mixed — $14M cash and investments vs $256M debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $39M (last 4 quarters to Jun 2026, SEC), 6% margin |
| Efficiency | Mixed — ROE 6%, ROA 2.7% (last 4 quarters, SEC) |
Ownership (LYTS)
| Insider Ownership | +10.27% |
|---|---|
| Institutional Ownership | +92.26% |
| Shares Outstanding | 37.30M |
| Float | 34.51M |
| Short % of Float | +10.56% |
Source: Nexqual, October 28, 2026 at 22:50 UTC.
Leadership (LYTS)
LSI Industries Inc. is led by James A. Clark, CEO, President & Director, per Nexqual as of October 28, 2026 at 22:50 UTC.
| CEO, President & Director | James A. Clark |
|---|---|
| Executive VP, CFO & Chief Accounting Officer | James E. Galeese |
| Chief Marketing Officer | Michael A. Prachar |
Major Backers & Investors (LYTS)
Notable institutional backers of LSI Industries Inc. include FMR, LLC, Fidelity, Systematic Financial Management, L.P., according to Nexqual as of October 28, 2026 at 22:50 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 10.69% |
| Fidelity | 6.46% |
| Systematic Financial Management, L.P. | 6.38% |
| Royce & Associates LP | 4.92% |
| AltraVue Capital, LLC | 3.73% |
| Wellington Management | 3.68% |
| Thrivent Financial For Lutherans | 2.72% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.27% |
| Vanguard Group | 4.17% |
| Dimensional Fund Advisors | 3.66% |
Source: Nexqual, October 28, 2026 at 22:50 UTC.
From LSI Industries Inc.'s Latest SEC 10-K Filing (filed 2026-09-03)
Key Strengths & Strategy (as disclosed to the SEC)
- Royston is a vertically integrated provider of custom store fixtures, interior and exterior signage, and refrigerated and heated display cases.
- Focusing on key vertical applications allows us to deliver unique product solutions, which in turn provide differentiated value to our customers.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in our tax rates and exposures to additional income tax liabilities could have an unfavorable effect on the Company's reported results.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| OUST | Ouster, Inc. | USD 33.61 | ▲ 2.5% |
| ROG | Rogers Corporation | USD 140.79 | ▲ 4.97% |
| BHE | Benchmark Electronics, Inc. | USD 73.36 | ▲ 3.76% |
| KN | Knowles Corporation | USD 34.74 | ▲ 1.88% |
| OSIS | OSI Systems, Inc. | USD 200.67 | ▼ 0.11% |
| BELFB | Bel Fuse Inc. | USD 227.77 | ▲ 1.78% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 28, 2026 at 22:50 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt