LSI Industries Inc. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. The company's net sales in the second quarter of fiscal 2013 were $71,082,000, an increase of 3% as compared to last year's second quarter net sales of $68,774,000. Operating loss was $2,709,000 against operating income of $1,219,000 a year ago. Loss before income taxes was $2,691,000 against income before income taxes of $1,182,000 a year ago. Net loss was $2,450,000 or $0.10 per diluted share against net income of $772,000 or $0.03 per diluted share a year ago. Adjusted net income was $1,409,000 or $0.06 per diluted share against net income of $772,000 or $0.03 per diluted share a year ago.

The company's net sales in the first half of fiscal 2013 were $145,801,000, an increase of 9% as compared to last year's first half net sales of $134,269,000. Operating income was $318,000 against $3,397,000 a year ago. Income before income taxes was $316,000 against $3,320,000 a year ago. Net loss was $620,000 or $0.03 per diluted share against net income of $2,096,000 or $0.09 per diluted share a year ago. Adjusted net income was $421,000 or $0.02 per diluted share against net income of $2,354,000 or $0.10 per diluted share a year ago.

For the second quarter, the company announced a goodwill impairment of $2,141,000.