LSI Industries Inc. (NASDAQ:LYTS) Q2 2024 Earnings Call Transcript

So, it’s a funny shaped little door. We continue to be very disciplined in what we look at, and but we are excited and we do think that there’s opportunity on the horizon for us.

Rick Fearon: That discipline on the culture side I’m sure saves a lot of headaches. So, you proved yourself at JSI and wonderful acquisition and look forward to hearing more about the next to come. But thanks for the perspective and all your nice work.

Jim Clark: Thank you.

Operator: We have reached the end of the question-and-answer section. I’d now like to turn the call back over to Jim Clark for concluding remarks.

Jim Clark: I don’t think there’s any question. If you heard our comments, you read our press release, we’re certainly facing some headwinds, but I think that we have done an exceptional job of demonstrating our ability to challenge that those headwinds and be ready and be prepared for what the future is going to hold. Our expectation is regardless of what happens with some of the current FTC reviews and things that are out with some of our customers, there’s a good opportunity, a great opportunity in front of us either direction. We also believe that we have a lot of runway left in just our core businesses, our platform, our investment thesis. We covered a lot on today’s call. Margin performance, we still believe we have room to manage that and room to grow, and even with these headwinds we’re able to demonstrate that.

Q2 and Q3 historically are slower quarters, and you combine a couple of these challenges and you see it looks disproportional, but it’s not. We don’t see anything that is systemic or causes concern for any type of long-term trends or anything. And I’d just like to leave everybody on the call saying that we’re excited about what we see in the future. We’re excited about the movement forward in the market, we’re excited about potential on the M&A front. We’re excited about other opportunities we have in terms of the way we manage and run our business. So, we come off of this quarter, excited for the next and the ones after that and we appreciate the time you all take to spend a few minutes with us and learn a little bit more about the company.

With that, I will say thank you and goodbye.

Operator: This concludes today’s conference. You may disconnect your lines at this time, and we thank you for your participation.