LSI Industries Inc (LYTS) released its third quarter results on Friday, April 23, 2021. The company reported net earnings of $0.05 per share for the third quarter ending March 31, 2021. Earnings for this past quarter declined 28 percent compared to the same period a year ago.
LSI Industries Inc. was founded in 1976 and is headquartered in Cincinnati, Ohio. LSI Industries Inc. provides corporate visual image solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates through Lighting and Graphics segments.
LSI Industries' revenue decreased 13 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 27.72% for the third quarter compared to the same period in the previous year, and operating margins increased to 2.9% over the same period. Net earnings for past trailing twelve months were $7.18 million, down 20% from the prior year.
Moving on to the balance sheet, LSI Industries’ cash levels jumped 988% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 14.13% this past year. The current ratio for LSI Industries now stands at 2.1. The company increased shares outstanding by 1.0%.
Shares of LYTS are currently trading around $9.30. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 35.59 and price to book ratio of 1.97.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Saturday, April 24, 2021.