2022年4月28日
CINCINNATI–(BUSINESS WIRE)– 大规模集成电路产业 Inc. (NASDAQ: LYTS, “LSI” or the “Company”) a leading U.S. 基于制造商的皇冠足球即时比分/室外照明和显示解决方案, 今天宣布了2022财年第三季度的业绩.
2022年第三财季
净销售额同比增长53%，至110美元.1 million, organic net sales +12% y/y
照明 sales +25% y/y; Display Solutions sales +100% y/y
净利润同比增长146%，达到3美元.600万美元.摊薄后每股13美元
Adjusted 净收益 +130% y/y to $4.200万美元，或0美元.稀释后每股15美元
调整后的息税前利润 +92% y/y to $8.500万年
Announces $1500万年 share repurchase authorization
LSI achieved strong year-over-year increases in both net sales and profitability in the fiscal third quarter, driven by broad-based commercial demand across both the lighting and display solutions businesses, 提高价格变现, 以及2021年5月完成的JSI Store 固定装置收购(“JSI”)的贡献.
The Company reported third quarter net sales of $110.1 million, an increase of 53% versus the prior year period. Net sales excluding contributions from the JSI acquisition, increased 12% versus fiscal third quarter of 2021.
LSI报告净收入为3美元.600万美元.摊薄后每股13美元 in the third quarter, versus $1.500万美元，或0美元.05 per diluted share, in the prior-year period. 调整后净收入为4美元.200万美元，或0美元.2022财年第三季度摊薄后每股收益为15美元，而此前为1美元.800万美元.07 per diluted share, last year.
The Company reported 调整后的息税前利润 of $8.第三财季的营收为500万美元，较上年同期增长92%. 公认会计准则和非公认会计准则财务结果的对账包含在本新闻稿中.
LSI generated free cash flow of $3.3 million in the quarter, including $6.400万年 of discretionary investments in additional inventory intended to support existing elevated backlog levels and order rates. At the end of the third quarter, 公司净债务与过去12个月调整后的EBITDA比率下降至2.6倍，比2倍.8x at the end the fiscal second quarter 2022.
The Company declared a regular quarterly cash dividend of $0.2022年5月17日每股05美元，支付给2022年5月9日登记的股东.
管理评论
“The LSI team delivered exceptional fiscal third quarter performance highlighted by significant year-over-year growth in revenue and profitability, accomplished in an ongoing challenging operating environment,詹姆斯·A说. Clark, President, and Chief Executive Officer of LSI. 销售额连续第三个季度超过1亿美元, contributing to operating income, 净收益, 摊薄后的每股收益都是去年业绩的两倍多. Our adjusted operating margin improved 190 bps, while our adjusted EBITDA margin expanded 160 bps.”
“去年一整年, we deliberately grew inventory levels to ensure product availability during a period of prolonged global supply chain disruption,克拉克继续说。. “As order rates and backlog levels accelerated, LSI was well equipped to support rising demand with additional inventory coupled with US based manufacturing capabilities. 上个季度, we continued to secure new business wins by taking advantage of short-lead time project opportunities. 例如, LSI was successful in securing interior lighting for a considerable number of locations for one of the nation’s largest warehouse retailers, 由于现有供应商不能满足指定的交货要求. 作为该客户现有的外部照明供应商, we capitalized on this service gap, 同时展示了我们完全整合的垂直市场解决方案的优势. Product availability has been an advantage for LSI during a period of increased market demand and tight construction installation schedules.”
“Sales and order activity increased across most of our major vertical markets during the third quarter,克拉克继续说。. “在食品杂货行业, we continued to service the $17 million order for refrigerated display fixtures to one of the nation’s largest grocery store chains, shipping to approximately 200 locations. 到目前为止, 我们已经从同一个杂货店客户那里收到了1200万美元的额外订单, for shipment scheduled in fiscal 2023. 在c-store市场, 客户咨询介绍JSI显示产品的数量正在迅速增长, with an initial pilot with a large c-store chain planned to commence in the fiscal fourth quarter.”
“在第三财季, LSI won an important contract in the quick serve restaurant (近年) market with a large brand focused on the chicken segment,克拉克继续说。. “Under the terms of the contract, LSI will provide exterior drive-thru digital menu board systems and interior 数字标牌 to this customer, who currently operates more than 2,全球500家餐厅. 除了, 我们最近获得了现有大型近年项目的延期, 扩大该计划，为客户在加拿大的地点提供菜单板解决方案. 目前，这一大型现有近年项目的收入预计将延续到2024财年.”
“在我们的照明部门, sales increased 25% in the third quarter, 连续第四个季度实现两位数增长, 与前一年相比. Sales growth was broad based, with all key vertical markets reporting year-over-year improvement. Our new and feature/function enhanced products, including our own controls platform, are having a significant impact. 客户不仅接受为特定应用而设计的产品, but also the multiple price point offerings positioned to meet diverse project budget requirements. The 照明 gross margin rate of 29.第三季度的增长率为2%，与第二季度保持一致, 反映我们的能力，有效地调整价格投入和运输成本的通货膨胀.
“Within our Display Solutions segment, sales grew 100% compared to the prior year, including contributions from the JSI acquisition. Inquiry and quote activity is high in each of the three major product categories within this segment, including conventional graphics, 数字标牌, 以及显示装置. 类似于照明, 我们正在经历我们的目标垂直市场的增长，包括杂货和近年. The Display Solution gross margin rate improved 430 bps, 反映了JSI的增加效应和核心业务利润率的提高.
“除了, we announced today that our Board of Directors authorized a $1500万年 share repurchase program, consistent with our balanced approach toward capital allocation and commitment to shareholder value creation. This authorization reflects our continued confidence in both the underlying strength of our end-markets, 同时也为大规模集成电路公司带来了巨大的盈利增长机会.
“总之, 展望第四季度和未来一年，我们的业务处于强势地位,克拉克说。. “第三季度订单率强劲，订单出货比超过1.0. 结果是, our backlog entering the fiscal fourth quarter increased sequentially from the third quarter, while being significantly above prior year levels. 市场指标保持良好，报价水平保持在高位. 总而言之, recent market share gains with new and existing customers, together with effective and consistent operational execution, 在终端市场需求基本面改善的支持下, 我们的定位是推动今年剩余时间和2023财年的持续增长.”
电话会议
A conference call will be held today at 11:00 a.m. ET审查公司的财务业绩，并进行问答环节.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of 大规模集成电路产业’ website at hi9.dctdsj.com. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, 请在预定开始时间前至少15分钟到现场报名, download and install any necessary audio software.
Details of the conference call are as follows:
电话拨号:
1-877-407-4018
会议ID:
13728792
调用回放:
1-844-512-2921
重复密码:
13728792
电话会议的重播将在2022年4月28日至2022年5月12日之间播出. To listen to a replay of the teleconference via webcast, 请访问大规模集成电路公司网站的投资者关系部分:hi9.dctdsj.com.
皇冠足球即时比分lsi industries
Headquartered in Greater Cincinnati, LSI is a publicly held company with shares listed on the NASDAQ Stock Market under the symbol LYTS. 该公司生产非住宅照明和显示解决方案. 非住宅照明由高性能、美国制造的照明解决方案组成. The Company’s strength in outdoor lighting applications creates opportunities to introduce additional solutions to its valued customers. Display solutions consist of graphics solutions, 数字标牌, 为战略性垂直市场提供技术先进的食品展示设备. LSI’s team of internal specialists also provide comprehensive project management services in support of large-scale product rollouts. 该公司在美国的11家制造工厂拥有约1,400名员工.S. 和加拿大. Additional information about LSI is available at hi9.dctdsj.com.
前瞻性陈述
This press release contains forward-looking statements. 前瞻性陈述可以用“估计”等词来识别,”“预计,”“鼓励,”“项目,”“计划,”“预计,”“可以,”“计划,”“相信,”“寻求,”“可能,”“会,”“应该,” or the negative versions of those words and similar expressions and by the context in which they are used. For details on the uncertainties that may cause our actual results to be materially different than those expressed in our forward-looking statements, 访问http://investors.dctdsj.com as well as our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q which contain risk factors.
Three Months Ended March 31, 2022 Results
Net sales for the three months ended March 31, 2022 were $110.截至2021年3月31日的三个月，该公司净销售额为72美元，同比增长53%.200万年. 照明 Segment net sales of $57.显示解决方案部门净销售额为53美元.3亿美元的净销售额比去年第三季度增长了100%. Net income for the three months ended March 31, 2022 was $3.600万美元.每股13美元，高于每股1美元.500万美元或0美元.05 per share for the three months ended March 31, 2021. Earnings per share represents diluted earnings per share.
Nine Months Ended March 31, 2022 Results
Net sales for the nine months ended March 31, 2022 were $327.截至2021年3月31日的九个月，净销售额为218美元，同比增长50%.600万年. 照明 Segment net sales of $165.显示解决方案部门的净销售额为162美元.0 million increased 97% from last year’s net sales. Net income for the nine months ended March 31, 2022 was $9.900万美元.每股35美元，高于每股5美元.七百万或零美元.21 per share for the nine months ended March 31, 2021. Earnings per share represents diluted earnings per share.
资产负债表
2022年3月31日的资产负债表包括158美元的流动资产.600万年, current liabilities of $75.200万年 and working capital of $83.400万年, which includes cash of $1.200万年. 流动比率为2.1 to 1. The balance sheet also included shareholders’ equity of $142.500万年 and long-term debt of $81.400万年. 持续产生充足的现金流是公司的首要任务, coupled with our credit facility, 为营运提供充足资金.
现金股利行动
董事会宣布定期派发现金股息0美元.05 per share for the third quarter of fiscal 2022, 5月17日付款, 截至5月9日营业结束，向有记录的股东支付2022美元, 2022. The indicated annual cash dividend rate is $0.每股20元. The Board of Directors has adopted a policy regarding dividends which provides that dividends will be determined by the Board of Directors in its discretion based upon its evaluation of earnings both on a 公认会计准则 and non-公认会计准则 basis, 现金流量要求, 财务状况, 债务水平, 股票回购, future business developments and opportunities, and other factors deemed relevant by the Board.
非公认会计准则财务指标
本新闻稿包括公认会计准则营业收入的调整, 截至3月31日的三个月和九个月的净收入和每股收益, 2022年和2021年. 营业收入, 净收益 and earnings per share, which exclude the impact of stock compensation expense, 收购成本, severance costs and restructuring costs, are non-公认会计准则 financial measures. We exclude these items because we believe they are not representative of the ongoing results of operations of the business. 本新闻稿中还包括非公认会计准则财务指标, including Earnings Before Interest, 税, Depreciation and Amortization (EBITDA and 调整后的息税前利润), Free Cash Flow and Organic Net Sales. We believe that these are useful as supplemental measures in assessing the operating performance of our business. These measures are used by our management, including our chief operating decision maker, 评估业务结果, 并经常被关注公司的人引用. 这些非公认会计准则指标可能与其他公司使用的非公认会计准则指标不同. 除了, the non-公认会计准则 measures are not based on any comprehensive set of accounting rules or principles. Non-公认会计准则 measures have limitations, in that they do not reflect all amounts associated with our results as determined in accordance with U.S. 公认会计准则. 因此, these measures should be used only to evaluate our results in conjunction with corresponding 公认会计准则 measures. Below is a reconciliation of these non-公认会计准则 measures to 净收益 and earnings per share reported for the periods indicated along with the calculation of EBITDA, 调整后的息税前利润, Free Cash Flow and Organic Net Sales.