This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

LSI Industries Inc. Reports Operating Results For The Fourth Quarter And Year Ended June 30, 2012, And Declares Regular Quarterly Cash Dividend

Stocks in this article: LYTS

CINCINNATI, Aug. 16, 2012 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) today:

  • reported fourth quarter net sales of $71,196,000, a decrease of 4% as compared to $74,217,000 in the same period of the prior fiscal year;
  • reported fourth quarter net income of $1,505,000 or $0.06 per share as compared to $1,497,000 or $0.06 per share for the same period of the prior fiscal year;
  • reported fiscal 2012 net sales of $268,402,000, a decrease of 9% as compared to $293,501,000 in fiscal 2011;
  • reported fiscal 2012 net income of $3,224,000 or $0.13 per share as compared to $10,828,000 or $0.44 per share in fiscal 2011; and
  • declared a regular quarterly cash dividend of $0.06 per share payable September 4, 2012 to shareholders of record August 28, 2012.
             
Financial Highlights            
(In thousands, except per  Three Months Ended  Year Ended
share data; unaudited)    June 30  June 30
  2012 2011  % Change  2012 2011 % Change
             
Net Sales $71,196 $74,217 (4)% $268,402 $293,501 (9)%
             
Operating Income $2,840 $2,550 11% $6,331 $16,304 (61)%
             
Net Income $1,505 $1,497 1% $3,224 $10,828 (70)%
             
Earnings Per             
Share (diluted) $0.06 $0.06 -- $0.13 $0.44 (70)%
     
     
  6/30/2012 6/30/2011
Working Capital $83,702 $84,524
Total Assets $175,226 $176,021
Long-Term Debt $ -- $1,064
Shareholders' Equity $149,368 $151,218

Fourth Quarter Fiscal 2012 Results

Net sales in the fourth quarter of fiscal 2012 were $71,196,000, a decrease of 4% as compared to last year's fourth quarter net sales of $74,217,000. Lighting Segment net sales decreased 8.6% to $50,199,000 with sales to national accounts and niche markets increasing 0.6%, sales to the Commercial / Industrial lighting market decreasing 13.4%, sales related to LED video screens of $306,000 increasing significantly, and lighting sales to the international markets decreasing 36.4%. In the other reportable business segments, Graphics Segment net sales increased 18.0% to $12,612,000, Electronic Components Segment net sales decreased 2.0% to $5,287,000 and net sales of the All Other Category decreased 3.2% to $3,098,000. Fiscal 2012 fourth quarter net income of $1,505,000, or $0.06 per share, compares to fiscal 2011 fourth quarter net income of $1,497,000 or $0.06 per share. Earnings per share represents diluted earnings per share.

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs