EarningsQ4 2026 Earnings Report
DE:LS2 Q4 2026 EPS Results
Actual EPS€0.34
Consensus EPS€0.31
Beat/MissBeat by +€0.03
One Year Ago EPS€0.30
DE:LS2 Q4 2026 Revenue Results
Actual Revenue€208.75M
Expected Revenue€198.22M
Beat/MissBeat by +€10.54M
YoY Revenue Growth+51.30%
Earnings Announcement Details
QuarterQ4 2026
Date08/20/2026
TimeBefore Open
Conference CallThursday, August 20, 2026
DE:LS2 Upcoming Earnings
Lsi Industries's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
DE:LS2 Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a transformational fiscal year with record sales (+20% full-year) and strong adjusted EBITDA growth (+28%), robust Q4 performance (Q4 sales +51%, organic +8%) and meaningful operational wins (on-time delivery >90%, major new 2.5k-site award). The primary negatives are a short-term margin headwind from lower-margin Royston/SignResource backlog driven by raw material pricing mismatches and some near-term softness in select verticals (QSR, certain lighting projects). Management provided timelines and remediation actions (pricing discipline, procurement, integration playbook) and expects the Royston-related headwind to be largely resolved by the end of Q2 fiscal 2027, after which accretion and cross-selling benefits should support margin targets. Overall, the positives (record revenue, EBITDA expansion, cash generation, strategic acquisition and large new contract) outweigh the near-term, addressable challenges.Company Guidance
Record Full-Year Revenue and Strong EBITDA Growth
Full-year net sales reached $689 million, up 20% year-over-year. Adjusted EBITDA was almost $70 million, up 28% versus fiscal 2025, with a full-year adjusted EBITDA margin of 10.1%.
Strong Q4 Performance
Fiscal Q4 sales grew 51% (including 8% organic growth). The company generated Q4 adjusted EBITDA of over $25 million (up ~50% year-over-year) with an adjusted EBITDA margin of 10.9% and Q4 adjusted EPS of $0.38. Q4 free cash flow was just under $10 million and the company reduced debt by $9 million in the quarter.
Display Solutions Segment Surge
Display Solutions Q4 sales nearly doubled year-over-year, with organic growth of 18%. Segment adjusted EBITDA margin increased to 12.4% (up 180 basis points versus the prior-year quarter). Display Solutions accounted for $164 million in Q4 sales (approximately 70% of total Q4 sales).
Notable Vertical Outperformance: Grocery and Refueling C-store
Grocery vertical organic sales increased 21% year-over-year as retailers invest in store experience. Refueling/Convenience C-store organic sales rose 16% in the quarter. Both verticals drove breadth and strength in order activity.
Largest Acquisition Completed with Clear Cross-Sell Upside
Completed the acquisition of the Royston Group (largest in company history). Management highlighted substantial cross-selling potential (e.g., SignResource could double or triple without adding new customers) and expects accretive margin benefits over time.
Major New Program Award
Awarded a multiyear program with a large oil retailer to renovate approximately 2,500 sites (initial timeline commentary ~18 months). The program covers exterior branding elements with anticipated interior opportunities and displaced a longstanding incumbent supplier.
Operational and Integration Progress
Integration and operational improvements underway: Southern CaseArts on-time delivery improved from the 70% range to in excess of 90%. Management identified procurement and cost-saving opportunities to realize over the next 24 months and is applying a repeatable integration playbook (procurement, cross-selling, cost synergies).
Healthy Order Metrics
Lighting orders in Q4 were 5% above last year with a book-to-bill above 1x. Display Solutions had a book-to-bill of approximately 1x on a strong sales basis.
Strong Cash Generation and Conversion
Full-year free cash flow of $39 million, representing conversion of more than 50% of adjusted EBITDA, supporting debt reduction and liquidity.
Planned, Visible Leadership Succession
CFO James Galeese announced planned retirement in October 2027 with a formal succession search initiated and a multi-quarter overlap planned to ensure continuity.
DE:LS2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed