LSI Industries Inc. (LYTS) is a U.S.-based manufacturer specializing in commercial lighting and display solutions. The company designs, engineers, and manufactures products for various markets, including refueling stations, grocery stores, quick-service restaurants, and sports complexes. LYTS offers a diverse range of products, including LED lighting systems, digital signage, and custom display elements, supported by project management and installation services.
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Display Solutions Segment - Manufactures and installs visual image and display elements such as digital signage, printed graphics, structural graphics, menu board systems, refrigerated displays, and custom display elements. Provides project management services, including installation management, site surveys, permitting, and content management, catering to markets like grocery stores, convenience stores, and quick-service restaurants.
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Lighting Segment - Designs, engineers, and manufactures LED lighting products and components for new construction and renovation markets. Includes LED lighting, electronic circuit boards, poles, project management, installation services, and shipping/handling, serving markets such as EV plants, parking lots, and warehouses.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
James A. Clark ExecutiveBoard | Chief Executive Officer | James A. Clark has served as the CEO of LSI Industries Inc. since November 2018 and as a Director since January 2019, demonstrating extensive leadership experience from roles at Alliance Tire Americas, Dunes Point Capital, and Rexel Holdings USA. | View Report → | |
James E. Galeese Executive | Executive Vice President and Chief Financial Officer | James E. Galeese has been serving as Executive Vice President and Chief Financial Officer at LYTS since June 2017 and took on additional responsibilities as Chief Accounting Officer on May 31, 2024, demonstrating extensive financial leadership at the company. He has also held senior financial roles at Universal Trailer Holding Corporation and Philips Electronics NV. | ||
Thomas A. Caneris Executive | Executive Vice President, Human Resources and General Counsel, and Secretary | Thomas A. Caneris joined LYTS in August 2019 and was promoted to Executive Vice President in August 2021, where he oversees human resources and legal functions. Previously, he served as Senior Vice President, Human Resources, General Counsel, and Secretary at PharMerica Corporation from August 2007 to April 2019. | ||
Amy L. Hanson Board | Director of LSI Industries Inc. | CEO of Amy Hanson Advisory Services; Board Member at Messer, Inc.; Board Member at Strivve, Inc.; Board Member at Credit First National Association; Board Member at Charge Enterprises, Inc. | Amy L. Hanson has served as a Director at LSI Industries Inc. since January 2019, where she also chairs the Audit Committee and is a member of the Nominating and Corporate Governance Committee. Previously, she has been the CEO of Amy Hanson Advisory Services since April 2016 and held executive roles at Macy's Inc. over a 30-year career. | |
Chantel E. Lenard Board | Director | Lecturer of Marketing at University of Michigan Ross School of Business; Board Member at TTM Technologies Inc.; Board Member at Charge Enterprises, Inc. | Chantel E. Lenard has served as Director of LSI Industries Inc. (LYTS) since June 2020 and brings extensive experience from her previous role as U.S. Chief Marketing Officer at Ford (2013–2017). Her background also includes academic lecturing and board memberships, highlighting her expertise in marketing and governance. | |
Ernest W. Marshall Board | Director | Executive Vice President and Chief Human Resources Officer at Eaton Corporation since July 2018; Director at Republic Bancorp since 2020 | Ernest W. Marshall, Jr. has served as a Director at LYTS since August 17, 2022 and is a member of the Compensation Committee. He previously held senior roles as Executive Vice President and Chief Human Resources Officer at Eaton Corporation and Vice President of Human Resources at GE Aviation. | |
Robert P. Beech Board | Director | President of PentaBeech, LLC | Robert P. Beech has been a Director at LSI Industries Inc. since July 2013 and serves as the Chair of the Nominating and Corporate Governance Committee as well as a member of the Audit Committee. He brings extensive leadership experience from high-technology ventures, including roles in strategy, innovation, and healthcare IT. | |
Ronald D. Brown Board | Director | Director at A. O. Smith Corporation; Independent Trustee at James Advantage Funds Trust | Ronald D. Brown has been serving as a Director at LYTS since November 6, 2018. He previously served as Interim CEO from April 23, 2018 to November 1, 2018. | |
Wilfred T. OGara Board | Chairman of the Board | Managing Director of Buffalo Fork Holdings, LLC; CEO of Isoclima SpA; Vice Chairman and President/CEO of The O'Gara Group | Wilfred T. O'Gara has been a Director of LYTS since January 1999 and was appointed Chairman in August 2018. He has also served as CEO of Isoclima SpA and held leadership roles at The O'Gara Group and Buffalo Fork Holdings, LLC. |
- Based on your comments about fluctuating customer schedules, can you detail the specific processes you have implemented in the grocery vertical to stabilize orders and improve forecast accuracy?
- You mentioned recovering 200 to 250 basis points in gross margin from production interruptions; can you explain exactly which inefficiencies will be addressed and provide any metrics you plan to monitor over the next quarters?
- With the dynamic tariff environment, how do you plan to differentiate between passing tariff impacts to customers versus absorbing costs to remain competitive, and what measures will be used to track this balance?
- In light of your dual-focus M&A strategy, how will you prioritize between incremental and transformational acquisitions, and what specific integration milestones are critical to justify future deals?
- Considering the significant cross-selling opportunities between Display Solutions and Lighting, what specific operational or sales strategy changes are being made to maximize these synergies and grow revenue in both segments?
Research analysts who have asked questions during LSI Industries Inc earnings calls.
Aaron Spychalla
Sidoti & Co.
3 questions for LYTS
Amit Dayal
H.C. Wainwright & Co.
3 questions for LYTS
George Gianarikas
Canaccord Genuity
2 questions for LYTS
Leanne Hayden
Canaccord Genuity Group Inc.
2 questions for LYTS
Aaron Spachella
Craig Hallum Capital Group
1 question for LYTS
Alex Rygiel
B. Riley Securities
1 question for LYTS
Richard Fearon
Accretive Capital Partners
1 question for LYTS
Sameer Joshi
H.C. Wainwright & Co.
1 question for LYTS
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Canada's Best Holdings | 2025 | LSI acquired Canada's Best Holdings for an all‐cash price of USD $24.0 million with an additional $7.0 million performance earnout potential, funded through cash and a $100 million credit facility. The deal strategically strengthens LSI’s retail display solutions in Canada by adding 132,000 square feet of manufacturing and logistics, minimal customer overlap, and immediate accretive margin and EPS benefits. |
EMI Industries, LLC | 2024 | LSI acquired EMI Industries for $50 million in an all‐cash transaction funded by cash on hand and borrowings from its existing credit facility. The acquisition expands LSI’s market presence into the convenience store, grocery, and restaurant segments and brings five production facilities with significant cross‐selling opportunities and immediate earnings per share accretion. |
JSI Store Fixtures | 2021 | LSI acquired JSI for approximately $93.7 million (with some reports citing slight variations) on May 21, 2021, using cash on hand and $71.6 million drawn from its revolving credit line. The acquisition expanded LSI’s footprint in grocery, convenience, and specialty store verticals while adding key assets including $33.4 million in goodwill and $45.8 million in intangible assets that support revenue synergies and a diversified product portfolio. |
No recent press releases or 8-K filings found for LYTS.