LSI INDUSTRIES Business Summary

LSI Industries Inc. (LYTS) is a vertically integrated manufacturer of commercial lighting and retail display solutions, generating revenue through the design, production, and installation of high-performance LED fixtures and custom visual image elements. The company operates through two primary segments: Lighting and Display Solutions. The Lighting segment serves commercial, industrial, and multi-site retail markets with indoor and outdoor LED solutions, while the Display Solutions segment provides custom store fixtures, graphics, and digital signage, primarily for the refueling/convenience store, grocery, and quick-service restaurant (QSR) verticals. LSI distinguishes itself in the market as a "one-stop" solution provider for national brands, a position recently bolstered by the February 2026 acquisition of the Royston Group for $325 million. It competes directly with industry giants such as Acuity Brands, Signify N.V., Hubbell Lighting, and Daktronics, maintaining a competitive edge through its domestic manufacturing footprint and specialized focus on integrated, multi-site rollout programs. The leadership team is headed by President and CEO James A. Clark, who joined in 2018 with extensive operational experience from roles at Alliance Tire Americas, Dunes Point Capital, and United Technologies. He is supported by Executive Vice President and CFO James E. Galeese, a veteran of the electrical and electronics industries who has overseen the company’s financial strategy since 2017, and Thomas A. Caneris, who serves as Executive VP of Human Resources and General Counsel. The company’s strategic direction is overseen by a board chaired by Wilfred T. O'Gara and includes notable directors such as Amy L. Hanson and Chantel E. Lenard. LSI maintains a strong institutional investor base, with significant holdings from major asset managers including BlackRock, The Vanguard Group, and Royce & Associates, reflecting confidence in the company's "Fast Forward" growth strategy aimed at reaching $800 million in annual revenue by 2028.