LSI Industries

What LSI Industries does

LSI Industries (NASDAQ: LYTS) is a Cincinnati, Ohio-based, vertically integrated manufacturer of commercial indoor and outdoor LED lighting, graphics, digital signage, refrigerated display fixtures, and millwork serving multi-site enterprise customers. Founded in 1976 in the petroleum/refueling sector and public on NASDAQ since 1985, the company operates 23 manufacturing facilities across the United States and Canada and employs approximately 3,000 people, scaling to roughly 4,300 after the March 2026 closing of its $325 million Royston Group acquisition.

The company's product platform spans lighting (LSI Lighting, Atlas Lighting Products), digital signage and menu boards (LSI Digital), graphics and brand imaging (LSI Brand Imaging, SignResource), store fixtures and refrigeration (JSI Store Fixtures, EMI Industries, Southern CaseArts, Canada's Best Store Fixtures, Royston Group), electronics contract manufacturing for in-house PCB needs (ADL Technology), project management (LSI ADAPT), and, following a May 2026 partnership, remote/centralized refrigeration (Carter Thermal Industries). Customers span Grocery (Kroger, Albertsons, Whole Foods, Hannaford, Sprouts, BJ's), Refueling & Convenience (Chevron, 7-Eleven, Phillips 66, Circle K, Casey's), Quick Service Restaurants (Burger King, Krispy Kreme, Panda Express, Popeyes, Dairy Queen, White Castle), Automotive (CarMax, Nissan, Hyundai, Honda, Mercedes-Benz, Volkswagen), and Sports venues (USA Pickleball partner).

LSI makes money primarily through B2B project-based hardware sales supplemented by professional services revenue. Pricing is quote-based with no published list, governed by multi-year contracts and typically Net 30 terms, with minimum order values of $150 standard and $50 for parts-only orders. Distribution is omnichannel: a North American rep network and electrical distributors for commodity/sporting lighting, layered with direct enterprise sales and dedicated program management through the ADAPT division for national rollout customers. Pro forma revenue following the Royston transaction is approximately $864 million against a trailing-twelve-month base of about $699.7 million prior to the deal, with adjusted EBITDA margins in the 9-10% range.

Name

LSI Industries

Legal name

LSI Industries Inc.

Website

https://lsicorp.com

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

LSI Industries (NASDAQ: LYTS) is a Cincinnati-based, vertically integrated U.S. manufacturer of commercial LED lighting, digital signage, refrigerated display fixtures, and store graphics serving multi-site enterprise customers across grocery, refueling/convenience, quick-service restaurant, automotive, and sports venue verticals.

Ownership category

akta.pro rank

Product category

Commercial Lighting & Display Solutions

NAICS

Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing (335132), Electric Lighting Equipment Manufacturing (33513)

SIC

Electric Lighting & Wiring Equipment (3640)

akta.pro primary industry

Lighting & Electrical Supplies for Home Distribution (CRAOAFAG)

akta.pro secondary industry

Smart Home, Security & Home Automation Distribution (CRAOAFAK)

Keywords

• Commercial LED lighting
• Digital signage solutions
• Retail display fixtures
• Custom store fixtures
• Graphics and signage

Headquarters

HQ city

Cincinnati

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Lighting Products: Sale of commercial indoor and outdoor LED lighting fixtures, poles, brackets, and control systems for various vertical markets including automotive, refueling, QSR, grocery, sports, and industrial applications.
2. Digital Signage & Displays: Digital menu boards, electronic signage, kiosks, and video wall systems for retail and restaurant customers, including content management and installation services.
3. Display Fixtures & Refrigeration: Custom store fixtures, refrigerated display cases, millwork, and metal work for grocery, convenience store, and retail environments.
4. Graphics & Signage: Visual communication solutions including structural graphics, illuminated architectural elements, vehicle wraps, and wayfinding signs for brand identity and visual merchandising.
5. Professional Services & Project Management: Comprehensive project management services through ADAPT division including site surveys, permitting, construction management, installation, and program reporting for large-scale rollouts.
6. Electronics Manufacturing Services: Contract manufacturing of printed circuit boards and electronic assemblies through ADL Technology for various industrial applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels11 records

Core offering

LSI Industries is a vertically integrated manufacturer of commercial indoor and outdoor LED lighting fixtures, digital signage and menu boards, custom store fixtures, refrigerated display cases, graphics and signage, and printed circuit boards for large multi-site enterprise customers. The company also provides comprehensive project management and installation services through its ADAPT division to support national rollout programs across the automotive, grocery, refueling/convenience, quick-service restaurant, sports venue, retail/office, and warehouse vertical markets.

Product overview

LSI Industries is a vertically integrated commercial indoor and outdoor lighting and display solutions company offering a platform of multiple complementary product categories and brands. The core offerings include LSI Lighting (LED lighting solutions for indoor, outdoor, sports and industrial applications), LSI Digital (digital signage and menu boards), and LSI Brand Imaging (graphics and signage). These are supported by acquired brands including EMI Industries (custom millwork and metalwork), JSI Store Fixtures (refrigerated display fixtures), Canada's Best Store Fixtures (retail fixtures), and Royston Group (custom store fixtures, signage and refrigerated displays). The company also operates ADL Technology for printed circuit board manufacturing and LSI ADAPT for project management services. The portfolio is unified through a vertical market strategy targeting automotive, grocery, refueling/convenience store, quick service restaurant, sports venue, and warehouse/industrial markets.

Differentiator

Problem solved

Functional benefit

Brands

• ADL Technology: Advanced technology and electronics contract manufacturing services including PCBs and printed circuit board assemblies
• Atlas Lighting Products
• Canada's Best Store Fixtures
• Carter Thermal Industries
• EMI Industries
• JSI Store Fixtures
• LSI ADAPT
• LSI Brand Imaging
• LSI Digital
• LSI Lighting
• Royston Group
• SignResource
• Southern CaseArts

Products and services

• LSI Lighting Commercial indoor and outdoor LED lighting fixtures, poles, brackets, and control systems for automotive, refueling, QSR, grocery, sports venue, warehouse, retail, and office applications, including AirLink Blue wireless lighting controls.
• LSI Brand Imaging Custom graphics, illuminated architectural elements, vehicle wraps, wayfinding signs, and visual brand identity solutions with design, production, engineering, and project management services for grocery, convenience store, and refueling customers.
• LSI Digital Digital signage, menu boards (indoor, outdoor, drive-thru), kiosks, and video walls for retail and restaurant customers, with content management and installation capabilities.
• Atlas Lighting Products High-performance, energy-efficient LED lighting products sold through electrical distributors, providing value-oriented lighting solutions for commercial and industrial applications.
• ADL Technology (Electronics Contract Manufacturing) Electronics contract manufacturing of printed circuit boards, printed circuit board assemblies, box builds, and system integrations for industrial customers; ISO 9001:2015 certified.
• EMI Industries Custom Fixtures and Refrigeration Handcrafted custom millwork, metalwork, refrigerated and heated display cases, and food service equipment for grocery, convenience store, restaurant, and retail brands, with operations in Tampa, Florida since 1979.
• JSI Store Fixtures Innovative display fixtures and millwork, including refrigerated and non-refrigerated fixtures, for grocery and retail brands, with manufacturing facilities in Milo and Bangor, Maine and Payson, Utah.
• Canada's Best Store Fixtures Built-to-order retail fixtures and custom store design solutions spanning design, fabrication, and installation, headquartered in Collingwood, Ontario.
• Royston Group Integrated Retail Environments

Quantifiable outcome

• 13.6% year-over-year revenue growth in Q3 fiscal 2026
• +4 more outcomes

Named customers36 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Carter Thermal Industries GroupcoreStrategic or Co-development Partner · 28 May 2026Exclusive partnership for Carter's advanced refrigerated display and store solutions in the United States and Canada. LSI will market, manufacture, sell, and support co-branded remote refrigeration units designed by Carter. The partnership represents LSI's capital-light entry into the remote refrigeration market using centralized cooling systems, expanding their retail branding solutions platform targeting grocery and retail customers.
• USA PickleballminorGTM or Marketing Partner · 6 May 2025LSI renewed its partnership as Official Lighting Sponsor of USA Pickleball, providing innovative lighting technologies for pickleball courts, private clubs, recreation facilities, public parks, and tournament venues across the United States.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Acuity Brands: Acuity Brands is a leading North American commercial lighting and building solutions company with a much larger portfolio spanning indoor, outdoor, and connected lighting. It is a key direct competitor to LSI Lighting across grocery, retail, QSR, and refueling verticals, but operates at significantly greater scale (multi-billion-dollar revenue).
• Signify (formerly Philips Lighting): Signify is the global leader in lighting products, systems, and services, including the Philips and Color Kinetics brands. It competes with LSI in commercial LED fixtures, connected lighting controls, and large retail/QSR rollouts, with far greater R&D and global reach.
• Hubbell Incorporated: Hubbell is a diversified electrical products company with a substantial lighting fixture portfolio (Hubbell Lighting, Columbia, Prescolite) sold through electrical distribution. It competes with LSI's Atlas Lighting brand in electrical-distributor channels and offers broader electrical hardware than LSI.
• Eaton Corporation: Eaton is a global power management company whose lighting division (Cooper Lighting, Halo) competes directly with LSI in commercial and industrial LED fixtures. Eaton is far larger and more diversified across electrical, aerospace, and vehicle segments.
• GE Current, a Daintree company: GE Current (formerly GE Lighting's commercial business) supplies commercial LED lighting and connected lighting controls, competing with LSI in retail, grocery, and industrial applications. As a Current Lighting Solutions brand it overlaps with LSI's AirLink Blue wireless controls.

Direct peers

• Daktronics: Daktronics designs and manufactures electronic display systems including LED video displays, scoreboards, and digital signage for sports venues, retail, and transportation. It is closely comparable to LSI's LSI Digital division in commercial digital signage and sports-venue display technology.
• Hussmann (a Panasonic company): Hussmann manufactures refrigerated display cases and refrigeration systems for grocery, convenience, and food retail. It is a direct competitor to LSI's Southern CaseArts, EMI Industries, and Carter Thermal offerings in retail refrigeration fixtures.
• Anthony International: Anthony International designs and manufactures custom refrigerated and non-refrigerated display cases for grocery and convenience retail, directly overlapping with LSI's Southern CaseArts, JSI Store Fixtures, and EMI Industries product lines in refrigerated merchandising.
• TCP Lighting: TCP (Technical Consumer Products) manufactures LED lamps, fixtures, and lighting controls sold through electrical distribution. It is a direct competitor to LSI's Atlas Lighting Products in distributor channels for commercial and residential LED products.

Emerging players

• SloanLED: SloanLED is a specialist LED lighting and signage manufacturer focused on channel letters, cabinet signs, and architectural lighting. It overlaps with LSI's SignResource and LSI Brand Imaging in commercial signage and LED illumination products.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/LSI_Industries
• YouTubeyoutube.com/user/videolsi
• Facebookfacebook.com/LSIIndustries
• LinkedInlinkedin.com/company/lsi-industries
• Instagraminstagram.com/lsi_industries/?hl=en

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries15 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LSI Industries