LSI Industries Reports Q1 2027 Revenue Growth Driven by Royston Group Acquisition
LSI Industries (LYTS) reported strong first-quarter fiscal 2027 results, with revenue climbing 44% year-over-year to $225.9 million. This significant growth was primarily fueled by the acquisition of the Royston Group, which contributed $72.4 million in revenue and helped drive an 83% increase in the Display Solutions segment. Despite top-line strength, the company faced headwinds in its Lighting segment, where revenue fell 6% due to softness in commercial and industrial markets. Management also noted challenges within the Quick-Serve Restaurant (QSR) vertical as inflation impacts consumer traffic. However, strong cash generation allowed for a $14.3 million reduction in net debt, and the company is targeting a leverage ratio of 2.0x or lower within the next 12 to 18 months.
Tickers: $LYTS
Topics: acquisition EBITDA EPS revenue growth segment performance
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Part of the story LSI Industries Reports Q1 2027 Revenue Growth Driven by Royston Group Acquisition (11 articles)