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LSI INDUSTRIES INC. OPERATING RESULTS QUARTER ENDED SEPT. 30, 1991

LSI INDUSTRIES INC. OPERATING RESULTS QUARTER ENDED SEPT. 30, 1991
 CINCINNATI, Nov. 6 /PRNewswire/ -- Robert J. Ready, president of LSI Industries Inc. (NASDAQ: LYTS), today reported operating results for the first quarter ended Sept. 30, 1991 as follows:
 (Amounts in Thousands)
 1991 1990
 Net Sales $20,524 $19,983
 Gross Profit 6,596 5,541
 Operating Income (loss) 942 (557)
 Net Income (loss) 371 (700)
 Net Income (loss) Per Share $.08 $(.15)
 Average Shares Outstanding 4,678 4,686
 "The first quarter showed a much-awaited improvement," said Ready. "Part of this improvement came about as a result of more successful marketing efforts, while the markets we serve remain soft. However, the major part of our improvement is directly related to the internal programs that were put in place to reduce costs and streamline the corporation.
 "In the U.K., and Europe, the recessionary economies continue to affect our Duramark operations, resulting in a loss in the U.K. amounting to $.04 per share this quarter. We are doing everything we can to improve our U.K. operations during these difficult times."
 LSI designs, engineers, manufactures and markets a wide range of high-quality lighting fixtures and graphic products. The company serves three markets - the petroleum/convenience store market; the multi-site retail market (including fast-food restaurants and auto dealerships); and the commercial/industrial lighting market. The company's common shares are traded on the NASDAQ National Market System under the suymbol LYTS.
 -0- 11/6/91
 /CONTACT: Bob Ready or Jim Cox, 513-793-3200, both of LSI Industries/
 (LYTS) CO: LSI Industries Inc. ST: Ohio IN: REA SU: ERN CG -- CL011 -- 1733 11/06/91 12:49 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 6, 1991
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