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

LSI Industries Inc. Reports Operating Results For The Third Quarter And Nine Month Period Ended March 31, 2013

"Later this quarter we will be introducing additional cost-effective advanced solid-state LED products for both indoor and outdoor applications that are specifically targeted to accelerate the momentum we have already achieved in the retail petroleum / convenience store market. We believe our new canopy fixture will once again establish a new standard in value and performance the way the LSI Scottsdale did in 1995. This high performance solid-state LED product has tremendous potential. Also, we have been selected by a large oil company as the primary source for a new national rollout program that will begin during our fourth quarter and will continue throughout the next fiscal year. The program involves both graphics and lighting elements and employs our newest LED products.

"In the second quarter press release, I mentioned our recent move to upgrade our independent sales representation in our lighting business in a number of important geographic markets. We are now able to better extend our influence into the specification-grade part of the C & I lighting market. These changes give us stronger representation in a number of large markets, including Boston, New York, Washington DC, New Jersey, San Diego, Salt Lake City, Detroit, South Carolina, New Hampshire, Maine and Vermont. During the third and fourth quarters of fiscal 2013 the transition plan has and will continue to result in some temporary loss of sales volume which will gradually be offset by the new rep groups as they come on line. As we move into fiscal 2014 we fully expect to see the benefits of this strategic move to larger and more powerful selling agencies. For our commercial / industrial lighting part of the business, we believe these agency changes combined with our new LED and controls products could generate sales increases of between 25% and 50% from the current base of about $100 million over the next couple of fiscal years.

4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs