LSI Industries Targets 2x Leverage Within 12 to 18 Months
Photo: TokenPost
LSI Industries Inc. aims to bring its net debt-to-adjusted EBITDA ratio down to 2x within 12 to 18 months, after reporting a 2.6x ratio for fiscal first-quarter 2027. The company also plans to present an updated Fast Forward plan covering through 2032 in mid-December. Net debt declined $14 million during the quarter. Revenue was approximately $226 million, adjusted EBITDA rose 41% to $22.2 million, and free cash flow was nearly $14 million. Lighting sales fell 6% as the quick-service restaurant (QSR) business remained challenging and customers pushed back schedules.
Source: TokenPost
