LSI Industries Inc. (LYTS) Financial Statements (2024 and earlier)

Company Profile

Business Address 10000 ALLIANCE RD
CINCINNATI, OH 45242
State of Incorp. OH
Fiscal Year End June 30
Industry (SIC) 364 - Electric Lighting And Wiring Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6601,8282,4622,2823,517966
Cash and cash equivalents2,6601,8282,4622,2823,517966
Receivables74,19380,80178,79158,96040,61255,610
Inventory, net of allowances, customer advances and progress billings60,15463,71874,42158,94138,75243,512
Inventory60,15463,71874,42158,94138,75243,512
Asset, held-for-sale, not part of disposal group      7,512
Other undisclosed current assets4,3863,5293,2434,8252,9773,380
Total current assets:141,393149,876158,917125,00885,858110,980
Noncurrent Assets
Operating lease, right-of-use asset9,9318,9218,66411,5798,663
Property, plant and equipment98,12397,25995,88595,23892,80731,976
Intangible assets, net (including goodwill)105,853108,233112,994116,56140,33343,020
Goodwill45,03045,03045,03043,78810,37310,373
Intangible assets, net (excluding goodwill)60,82363,20367,96472,77329,96032,647
Other noncurrent assets4,1393,6883,3473,12110,87415,124
Other undisclosed noncurrent assets(71,891)(71,828)(68,727)(64,686)(66,272) 
Total noncurrent assets:146,155146,273152,163161,81386,40590,120
TOTAL ASSETS:287,548296,149311,080286,821172,263201,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities61,98372,99181,78070,89534,64939,875
Taxes payable1,122   
Employee-related liabilities9,611   
Accounts payable23,13629,20634,78332,97714,21618,664
Accrued liabilities38,84743,78536,26437,91820,43321,211
Debt3,5713,5713,571   
Other undisclosed current liabilities   (10,733)   
Total current liabilities:65,55476,56274,61870,89534,64939,875
Noncurrent Liabilities
Long-term debt and lease obligation18,75032,58985,51180,58910,77639,541
Long-term debt, excluding current maturities17,95031,62976,02568,178 39,541
Finance lease, liability8009601,2461,5211,755
Liabilities, other than long-term debt10,3109,4203,1824,1671,1381,747
Other liabilities3,4593,4663,1824,1671,1381,747
Operating lease, liability6,8515,9548,24010,8909,021
Total noncurrent liabilities:29,06042,00988,69384,75611,91441,288
Total liabilities:94,614118,571163,311155,65146,56381,163
Equity
Equity, attributable to parent192,934177,578147,769131,170125,700119,937
Common stock152,924148,691139,500132,526127,713125,729
Accumulated other comprehensive income (loss)3543394549(93)16
Retained earnings (accumulated deficit)39,65628,5488,224(1,405)(1,920)(5,808)
Total equity:192,934177,578147,769131,170125,700119,937
TOTAL LIABILITIES AND EQUITY:287,548296,149311,080286,821172,263201,100

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues473,552496,979455,120315,612305,558328,852
Cost of revenue
(Cost of Goods and Services Sold)
(336,982)(360,003)(345,912)(236,637)(230,944)(253,621)
Other undisclosed gross profit(378)(31) (1)(1,084)(1,518)
Gross profit:136,192136,945109,20878,97473,53073,713
Operating expenses(99,376)(99,917)(88,007)(70,918)(68,783)(92,635)
Other undisclosed operating income (loss)    (26)8,329(968)
Operating income (loss):36,81637,02821,2018,03013,076(19,890)
Nonoperating income (expense)10515(148)173(510)(100)
Investment income, nonoperating    19338
Other nonoperating income (expense)10515(148)154(513)(138)
Interest and debt expense(2,659)(3,687)(1,968)(287)(873)(2,278)
Income (loss) from continuing operations before equity method investments, income taxes:34,26233,35619,0857,91611,693(22,268)
Other undisclosed loss from continuing operations before income taxes(30)(30)    
Income (loss) from continuing operations before income taxes:34,23233,32619,0857,91611,693(22,268)
Income tax expense (benefit)(7,214)(7,564)(4,053)(2,048)(2,101)5,929
Income (loss) from continuing operations:27,01825,76215,0325,8689,592(16,339)
Income (loss) before gain (loss) on sale of properties:15,0325,8689,592(16,339)
Net income (loss) available to common stockholders, diluted:27,01825,76215,0325,8689,592(16,339)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):27,01825,76215,0325,8689,592(16,339)
Comprehensive income (loss):27,01825,76215,0325,8689,592(16,339)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent234294(4)142(109)16
Comprehensive income (loss), net of tax, attributable to parent:27,25226,05615,0286,0109,483(16,323)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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