LSI Industries Inc. (NASDAQ:LYTS) Q1 2024 Earnings Call Transcript

Jim Clark: I think we had a pretty complete conversation here. I think that between our results here in Q1, which we felt were very strong in the conversation that we had and the questions that we had about future outlook kind of encapsulate everything. The way we’re seeing it, we’re on our path to our 2028 goal. I was very excited that we were able to get EBITDA results up above 12%. It goes to demonstrate and show to our team that this is well within our reach. As I mentioned, I don’t expect it to stay at that elevated level. But just being able to reach near that bell shows that we have the capability of doing that. We think that we have some really good forward-looking opportunities. And although the timing may be a little disrupted, we are really confident that it’s going to serve us well.

The 7,000 location site we talked about, which will be a four to 4.5-year project, really goes to underlying things that we’ve talked about over the last year to two years about how there’s a compression in the whole updating, upgrading of image and brand across so much of our customer base, so a pretty exciting quarter. We’re looking forward to the next quarter, and we’re looking forward to a good year in 2024, and I appreciate everyone’s interest. And with that, we’ll say a good day. Thank you.

Operator: Thank you. This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.