LYTS (LYTS) financial statements
LYTS reported revenue of $689M in fiscal 2026, up 8.5% a year over 9 years.
Net income was $23M and the operating margin 5.6%, against 1.1% in 2017.
Free cash flow was $39M, and the company returned $6M in dividends.
The diluted share count rose 30% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LYTS's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $331M | $342M | $329M | $306M | $316M | $455M | $497M | $470M | $573M | $689M |
| Cost of revenue | $248M | $253M | $254M | $231M | $237M | $346M | $360M | $336M | $432M | $516M |
| Gross profit | $82M | $89M | $74M | $74M | $79M | $109M | $137M | $133M | $142M | $173M |
| Research and development | $6M | $6M | $5M | $4M | $4M | $4M | $3M | $4M | $3M | $3M |
| Selling, general and admin | $77M | $80M | $72M | $69M | $71M | $88M | $100M | $98M | $106M | $135M |
| Operating income | $4M | -$22M | -$20M | $13M | $8M | $21M | $37M | $36M | $36M | $38M |
| Interest expense | $620,000 | $2M | $2M | $873,000 | $287,000 | $2M | $4M | $2M | $3M | $6M |
| Pre-tax income | $3M | -$23M | -$22M | $12M | $8M | $19M | $33M | $33M | $33M | $31M |
| Income tax | $80,000 | -$4M | -$6M | $2M | $2M | $4M | $8M | $8M | $9M | $9M |
| Net income | $3M | -$20M | -$16M | $10M | $6M | $15M | $26M | $25M | $24M | $23M |
| EPS (diluted) | $0.12 | -$0.76 | -$0.63 | $0.36 | $0.21 | $0.54 | $0.88 | $0.83 | $0.79 | $0.67 |
| Diluted shares | 26M | 26M | 26M | 26M | 27M | 28M | 29M | 30M | 31M | 34M |
| Gross margin | 24.7% | 26.1% | 22.4% | 24.1% | 25.0% | 24.0% | 27.6% | 28.4% | 24.7% | 25.1% |
| Operating margin | 1.1% | -6.3% | -6.0% | 4.3% | 2.5% | 4.7% | 7.5% | 7.6% | 6.2% | 5.6% |
| Net margin | 0.9% | -5.7% | -5.0% | 3.1% | 1.9% | 3.3% | 5.2% | 5.3% | 4.3% | 3.3% |
Balance sheet
Fiscal years, from LYTS's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3M | $3M | $966,000 | $4M | $2M | $2M | $2M | $4M | $3M | $14M |
| Receivables | — | $51M | $55M | $38M | $58M | $78M | $78M | $79M | $104M | $151M |
| Inventory | $51M | $51M | $44M | $39M | $59M | $74M | $64M | $71M | $80M | $112M |
| Total current assets | $107M | $110M | $111M | $86M | $125M | $159M | $150M | $162M | $194M | $296M |
| Property, plant and equipment | $47M | $44M | $32M | $27M | $31M | $27M | $25M | $33M | $31M | $57M |
| Goodwill | $59M | $31M | $10M | $10M | $44M | $45M | $45M | $57M | $65M | $172M |
| Total assets | $257M | $230M | $201M | $172M | $287M | $311M | $296M | $349M | $396M | $830M |
| Total current liabilities | $45M | $42M | $40M | $35M | $71M | $77M | $77M | $79M | $97M | $150M |
| Long-term debt | $50M | $45M | $40M | $0 | $76M | $76M | $32M | $51M | $45M | $246M |
| Total liabilities | $97M | $90M | $81M | $47M | $156M | $163M | $119M | $144M | $166M | $469M |
| Shareholders' equity | $160M | $139M | $120M | $126M | $131M | $148M | $178M | $204M | $231M | $361M |
| Net debt | $47M | $42M | $39M | -$4M | $77M | $77M | $33M | $50M | $45M | $242M |
Cash flow
Fiscal years, from LYTS's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21M | $12M | $11M | $30M | $28M | -$4M | $50M | $43M | $38M | $44M |
| Capital spending | $7M | $3M | $3M | $3M | $2M | $2M | $3M | $5M | $3M | $5M |
| Free cash flow | $15M | $8M | $9M | $27M | $26M | -$6M | $46M | $38M | $35M | $39M |
| Stock-based compensation | $3M | $3M | $981,000 | $599,000 | $2M | $3M | $4M | $4M | $4M | $4M |
| Dividends paid | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $6M | $6M | $6M |
| Share buybacks (net) | -$494,000 | -$107,000 | — | — | — | — | — | — | — | — |
| Net borrowing | $49M | -$4M | -$6M | -$40M | $68M | $11M | -$44M | $19M | -$6M | $207M |
| Free cash flow margin | 4.4% | 2.4% | 2.7% | 8.8% | 8.2% | -1.3% | 9.3% | 8.1% | 6.0% | 5.7% |
| Dividends per share | $0.19 | $0.20 | $0.20 | $0.20 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 |
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Open LYTS in InvestinglyQuestions
What was LYTS's revenue in 2026?
$689M in fiscal 2026, from its 10-K filing.
How much free cash flow does LYTS generate?
$39M in fiscal 2026 (operating cash flow minus capital spending).
From LYTS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.