LSI Industries Inc. Declares Regular Quarterly Cash Dividend, Payable on February 17, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014
January 29, 2015 at 06:45 am
Share
The Board of Directors of LSI Industries Inc. declared a regular quarterly cash dividend of $0.02 per share payable February 17, 2015 to shareholders of record as of February 10, 2015. The indicated annual cash dividend rate is now $0.08 per share, up from the previous $0.04 per share indicated annual rate.
The company reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported net sales of $84,715,000 compared to $76,123,000 a year ago. Operating income was $2,224,000 compared to $1,511,000 a year ago. Income before income taxes was $2,218,000 compared to $1,499,000 a year ago. Net income was $1,588,000 or $0.06 per basic and diluted share compared to $870,000 or $0.04 per basic and diluted share a year ago. Adjusted net income was $2,105,000 or $0.09 per share compared to $870,000 or $0.04 per share a year ago.
For the six months, the company reported net sales of $163,181,000 compared to $156,609,000 a year ago. Operating income was $4,758,000 compared to $4,350,000 a year ago. Income before income taxes was $4,744,000 compared to $4,326,000 a year ago. Net income was $3,115,000 or $0.13 per basic and diluted share compared to $2,375,000 or $0.11 per basic and diluted share a year ago. Adjusted net income was $3,872,000 or $0.16 per share compared to $2,735,000 or $0.11 per share a year ago.
LSI Industries Inc. is a producer of non-residential lighting and retail display solutions. It operates through two segments: Lighting and Display Solutions. Its Lighting Segment manufactures, markets, and sells outdoor and indoor lighting fixture and controls solutions in the commercial and industrial markets, including refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse. The Company services these markets through multiple channels: project business sold through electrical distributors and agents, standard products sold to and stocked by distributors, and direct to end-use customers. Its Display Solutions Segment manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, store display fixtures, refrigerated displays, and custom display elements.
LSI Industries Inc. Declares Regular Quarterly Cash Dividend, Payable on February 17, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014