Filing Flows › LSI Industries (LYTS) › Q1 FY27 › vs Q4 FY26
LSI Industries (LYTS) Q1 FY27 vs Q4 FY26 (quarter over quarter)
LSI Industries's revenue fell $8.8M (-4%) from $235M in Q4 FY26 to $226M in Q1 FY27. The biggest changes: Lighting Segment −$5.6M (-8%); Display Solutions Segment −$3.1M (-2%). Gross margin 23.1% against 24.5% (-1.3 pts).
LSI Industries, Q1 FY27: revenue $226M (+44% year over year), operating margin 6.3%, net earnings $7.1M, operating cash flow $15.2M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 23.1% | 24.5% | -1.3 pts |
| Operating margin | 6.3% | 6.2% | +0.1 pts |
| Net margin | 3.2% | 2.9% | +0.2 pts |
| Free cash flow margin | 6.1% | 4.2% | +1.9 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Display Solutions Segment | $161M | $164M | −$3.1M | -2% |
| Lighting Segment | $64.8M | $70.5M | −$5.6M | -8% |
| Revenue | $226M | $235M | −$8.8M | -4% |
| Gross profit | $52.2M | $57.4M | −$5.2M | -9% |
| Cost of revenue | $174M | $177M | −$3.6M | -2% |
| Operating profit | $14.2M | $14.5M | −$329K | -2% |
| Operating expenses | $38.1M | $42.9M | −$4.9M | -11% |
| Pre-tax earnings | $10.2M | $10.0M | $160K | +2% |
| Other expense, net | $4.0M | $4.5M | −$489K | -11% |
| Net earnings | $7.1M | $6.9M | $251K | +4% |
| Income tax | $3.1M | $3.1M | −$91K | -3% |
| Depreciation & amortization | $6.5M | $6.7M | −$205K | -3% |
| Share-based compensation | $1.0M | $1.1M | −$71K | -6% |
| Working capital & other | $515K | −$3.2M | $3.7M | — |
| Operating cash flow | $15.2M | $11.6M | $3.7M | +32% |
| Free cash flow (OCF − capex) | $13.8M | $9.8M | $4.0M | +41% |
| Capital expenditures | $1.4M | $1.8M | −$340K | -19% |
Questions
How much did LSI Industries's revenue grow quarter over quarter in Q1 FY27?
LSI Industries's revenue fell $8.8M (-4%) from $235M in Q4 FY26 to $226M in Q1 FY27.
What drove LSI Industries's revenue change in Q1 FY27?
Lighting Segment −$5.6M (-8%); Display Solutions Segment −$3.1M (-2%).