LSI Industries (LYTS) Q4 FY26 earnings call

LSI Industries delivered record full-year sales and profitability in FY26, driven by strong organic growth in Display Solutions and the transformational Royston acquisition. While integration progresses well, the company faces a temporary margin headwind in early FY27 from pre-acquisition low-margin backlog at Royston's Sign Resources. Management remains confident in achieving its 12.5% adjusted EBITDA margin target and is focused on cross-selling synergies and operational efficiencies.