First Half Fiscal 2011 ResultsNet sales in the first half of fiscal 2011 were $154,656,000, an increase of 12.8% over last year's first half net sales of $137,050,000. Lighting Segment net sales increased 14.0% to $94,965,000 (sales to national accounts and niche markets increased 17.5% and sales to the Commercial / Industrial lighting market increased 10.2%), Graphics Segment net sales increased 13.2% to $46,870,000, Electronic Components Segment net sales increased 28.7% to $9,841,000 and net sales of the All Other Category decreased 36.0% to $2,980,000. The fiscal 2011 first half net income of $7,216,000, or $0.30 per share, compares to a fiscal 2010 first half net income of $3,229,000, or $0.13 per share. First half fiscal 2010 net income included the following pre-tax expenses: acquisition-related costs of $513,000 and an acquisition-related fair value inventory adjustment of $613,000 related to purchase accounting requirements of LSI ADL Technology's finished goods and work-in-process inventory. Earnings per share represents diluted earnings per share.
LSI Industries Inc. Reports Operating Results For The Second Quarter And First Half Ended December 31, 2010, And Declares Regular Quarterly Cash Dividend
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