LSI Industries revenue jumps 43.6% to $225.9M on Royston deal, but net income slips 1.9% to $7.1M

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 7, 2025 · ~1 min read

Key Changes

• high

  Total revenue rose 43.6% to $225.9M, driven almost entirely by the Royston acquisition; excluding Royston, organic sales grew only 1%.

  MD&A: Net sales verify on EDGAR →
• high

  Operating income increased 29% to $14.2M, but net income fell 1.9% to $7.1M as below-the-line items swung -$3.3M (non-operating/other -$2.7M, income tax -$628,000).

  MD&A: Operating income / Net income verify on EDGAR →
• high

  Cash flow from operations surged to $15.2M from $0.7M in the prior-year quarter, driven by the acquisition and improved working capital.

  MD&A: Cash flow verify on EDGAR →