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/LYTS
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LSI Industries Inc

LSI Industries Inc

LYTS
$23.93USD↓-1.52%-0.37 today

MARKET CAP

878.5M

P/E (TTM)

19.9x

FWD P/E

16.4x

DAY RANGE

$24 – $24

52W RANGE

$17
$27

AI Summary

Stalk
StalkMedium

LYTS remains in a Stage 2 advancing context, but short-term weakness is evident as price trades below the falling 9- and 21-period EMAs. The corrective pullback is approaching the rising 50-day SMA and recent mid-July lows, which serve as a key support zone. Timing conditions are unfavorable for immediate execution, so we will defer and look to engage on a clear pullback resolution or support acceptance in that area, while remaining mindful of the risk that a decisive break below the 50-day SMA would invalidate the bullish medium-term outlook.

  • ↑Q4 2025 revenue rose 22% YoY to $155 M.
  • ↑Display solutions sales surged 70% amid grocery recovery.
  • ↓Lighting segment forecasted mid-single digit sales decline.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

LSI Industries, Inc. (NASDAQ: LYTS) is a leading provider of integrated lighting and display solutions, primarily targeting the commercial sector, including grocery, convenience stores, and quick-service restaurants. The company is undergoing a significant transformation, focusing on market expansion through strategic acquisitions and a tailored vertical market strategy. With aspirations to reach $800 million in revenue and $100 million in EBITDA by 2028, LSI is positioned within the evolving landscape of integrated lighting and display solutions, emphasizing operational efficiency amid strong competition.

Bull says

  • ↑Q4 2025 revenue rose 22% YoY to $155 M.
  • ↑Display solutions sales surged 70% amid grocery recovery.
  • ↑Adjusted EBITDA margins improved by 170 bps on cost efficiencies.
  • ↑Net debt/EBITDA at 0.8× supports growth investments.
  • ↑Free cash flow of $34.6 M in FY 2025 highlights strong cash conversion.
  • ↑Shift to domestic sourcing reduces tariff exposure and boosts margin.

Bear says

  • ↓Lighting segment forecasted mid-single digit sales decline.
  • ↓Integration of Royston and Canada’s Best adds execution risk.
  • ↓Macroeconomic headwinds could delay project approvals and orders.
  • ↓High stock volatility deters risk-averse investors.
  • ↓Low institutional ownership reflects market skepticism.
  • ↓Weak growth and profitability metrics signal margin pressure ahead.

Investment themes with LYTS

Bricks & Mortar Retailing↑ +0.44%

NKE · AS · BBY

Earnings Call · Q3 2026 · Mgmt. Guidance

Updated 04-24-2026bullish

Transcript signals

Bull points

  • look at these as, you know, kind of permanent improvements, right? We look at it as a ratchet that goes up, but it doesn't come down.
  • we still see a lot of opportunities, areas for improvement and operations, and those will be ongoing. We see opportunities with Royston. We like the way the company operates. We like the people that are there.
  • we like the people that are there. We like the culture. We like the hustle. We feel like it's very similar to ours.

Bear points

  • we will maybe perhaps shift priorities to help bring Royston on a little bit faster than maybe we would have, and that maybe slows down some of our future activities on improvements and operations.
  • Q4 lighting segment sales are expected to decline mid-single digits versus last year.
  • Q4 lighting segment sales are expected to decline mid-single digits versus last year.
Read full transcript analysis ›