LSI Industries Inc. (LYTS) has announced its second quarter earnings, which have reported a decrease from the previous year. The company's net profit equaled $5.906 million or $0.20 per share, compared to $6.417 million or $0.22 per share in the second quarter of the prior year.
When extraordinary items are excluded, adjusted earnings for LSI Industries Inc. stood at $6.364 million or $0.21 per share for the quarter.
Revenue for the company during this quarter experienced a decrease too, dropping 15.4% to $109.005 million, down from $128.804 million during the same period of the previous year.
To summarise, the earnings for LSI Industries Inc., according to generally accepted accounting principles (GAAP), stands as:
- Earnings (Q2): $5.906 Million, down from $6.417 Million in Q2 of last year.
- Earnings Per Share (Q2): $0.20, a drop from $0.22 in last year's Q2.
- Revenue (Q2): Reported to be $109.005 Million, compared to $128.804 Million in Q2 of the last year.
