Fiscal 2010 ResultsNet sales in fiscal 2010 were $254,402,000, an increase of 8.8% over last year's net sales of $233,799,000. Lighting Segment net sales decreased (0.9)% to $159,105,000 (sales to the Commercial / Industrial lighting market decreased 18.9%), Graphics Segment net sales increased 12.6% to $68,395,000, Technology Segment net sales decreased 1.6% to $4,505,000, the Electronic Components Segment net sales were $16,116,000 with no net sales in the prior year, and net sales of the All Other Category decreased 21.3% to $6,281,000. The fiscal 2010 net income of $1,424,000, or $0.06 per share, compares to a fiscal 2009 net loss of $(13,414,000), or $(0.62) per share. The Company recorded a pre-tax non-cash intangible asset impairment expense of $(153,000) [represents $0.01 per share inclusive of the income tax effect] in its Lighting ($16,000) and Technology Segments ($137,000), as compared to a pre-tax non-cash goodwill impairment expense of $(14,467,000) [represents $(0.62) per share inclusive of the income tax effect] in its Lighting ($11,185,000) and Graphics ($716,000) Segments, and in its All Other Category ($2,566,000) in fiscal 2009. Earnings or loss per share represents diluted earnings or loss per share.
LSI Industries Inc. Reports Operating Results For The Fourth Quarter And Fiscal Year Ended June 30, 2010, Declares Regular Quarterly Cash Dividend, Sets Fiscal 2011 Cash Dividend Rate, And Reports On Other Matters
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