Filing Flows › LSI Industries (LYTS) › Q3 FY25
LSI Industries (LYTS) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 8, 2025
LSI Industries (LYTS) reported revenue of $132M for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and -10% from the quarter before. Operating margin was 4.7%, net earnings $3.9M (2.9% of revenue).
LSI Industries, Q3 FY25: revenue $132M (+22% year over year), operating margin 4.7%, net earnings $3.9M, operating cash flow $6.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $132M | -10% | +22% |
| Gross profit | $32.8M | -6% | +5% |
| Operating profit | $6.2M | -26% | -19% |
| Net earnings | $3.9M | -31% | -28% |
| Operating cash flow | $6.9M | -30% | -45% |
| Free cash flow | $6.2M | -30% | -44% |
What changed
Revenue was $132.5M in Q3 FY25, up 22% year over year and down 10% from the previous quarter. Display Solutions Segment was the largest line at 55% of revenue. Display Solutions Segment added $30.2M year over year (up 70%), 124% of the total change. Lighting Segment declined 9%.
Gross margin was 24.8%, down 4.1 points from a year earlier. Operating profit was $6.2M, a 4.7% margin (down 2.4 points year over year). Operating profit fell $1.4M even though revenue rose $24.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 13% against revenue growth of 22%. Net earnings were $3.9M, down 28% year over year. The effective tax rate was 30.6%.
Operating cash flow was $6.9M (down 45% year over year), 177% of net earnings. Non-cash charges added back $3.1M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $690K left free cash flow of $6.2M.
Questions
What was LSI Industries' revenue in the third quarter fiscal 2025?
LSI Industries (LYTS) reported revenue of $132M for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and -10% from the quarter before.
Was LSI Industries profitable in the third quarter fiscal 2025?
Operating profit was $6.2M (4.7% of revenue) and net earnings $3.9M.
Source: LSI Industries 10-Q on SEC EDGAR.