Richard Fearon's questions to LSI Industries Inc (LYTS) leadership • Q1 2025
Question
Richard Fearon of Accretive Capital Partners requested more detail on the composition of the 90% increase in grocery orders, specifically the mix between refrigerated and non-refrigerated displays, and inquired about organic growth initiatives accelerated by the strong cash flow.
Answer
President and CEO James Clark clarified that non-refrigerated displays were a significant part of the Q1 uptick but expects refrigerated sales to increase, with better visibility after the holiday 'quiet period.' Regarding organic growth, Clark explained they are leveraging internal capabilities, like using JSI's engineering expertise to enhance EMI's products, and strategically shifting focus between vertical markets like parking, which is now showing increased activity.