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LSI Industries (NASDAQ: LYTS) recorded full-year net sales of $689 million for fiscal 2026, a 20% gain from the prior year and a company record, while adjusted EBITDA climbed 28% to nearly $70 million.
The complication heading into fiscal 2027 arrives from inside the Royston Group acquisition.
Management said lower-margin signage backlog at a Royston business is expected to create a margin headwind of 50 to 100 basis points over the next quarter or two, with the pressure expected to peak in the fiscal first quarter.
The case for the print rests on Display Solutions. Fourth-quarter sales in the segment doubled year over year to $164 million, representing 70% of LSI's quarterly revenue, with organic growth of 18%.
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