Update: LSI Industries Q2 Earnings - 7% Sales Jump But $0.03 Loss Per Share On One-Time Charges
Martin Vlcek • Mon, Aug. 25
- While total revenues jumped 7% Y/Y, margins suffered as LYTS logged one-time write-off charges. LED division marched ahead with 16.8% Y/Y sales growth while graphics segment declined at 25% Y/Y.
- I reiterate my long thesis. With my updated target price of ~$8, LYTS has a ~20% total return potential within the next 12 months on improving margins.
- My thesis was precise in seeing the near-term catalyst but also the lower long-term fair value. LYTS quickly jumped 30% on the catalyst only to later give up all gains.