LSI Industries reports Q3 adjusted EPS 19c, consensus 14c

Reports Q3 revenue $117.5M, consensus $110.19M. "Our team delivered another solid quarter, achieving year-over-year growth in sales and profitability, exceeding a very strong prior year comparison," stated James Clark, President and Chief Executive Officer of LSI. "It was an active quarter on many fronts. We continue to make good progress in the market, coupled with a strong focus on margin expansion, all while working on the initiatives which position us for future profitable growth. With $11.7 million in free cash flow generation in the third quarter, we were able to reduce our debt outstanding, with net leverage declining to 1.0x at quarter-end, consistent with our focus on continued balance sheet discipline and optionality."