LSI Industries Inc. (LYTS) stock fell 5.67% in pre-market trading on Friday, following the company's mixed fiscal second-quarter 2025 results and outlook. The key highlights from the earnings call:
LSI reported a strong Q2 with 36% year-over-year sales growth driven by the Display Solutions segment, which doubled sales and saw 50% organic growth. The resurgence in grocery market demand and continued refueling/convenience store projects fueled this segment's performance.
However, the Lighting segment sales declined year-over-year as the company experienced "wide fluctuations in demand across verticals and project size." While small project activity remained robust, larger project activity was "choppy, particularly in indoor applications." Although backlog increased, the outlook for a strong pickup in lighting orders was pushed to later in 2025.
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