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.