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LSI INDUSTRIES INC. OPERATING RESULTS THIRD QUARTER AND NINE MONTHS ENDED MARCH 31, 1993

 CINCINNATI, May 5 /PRNewswire/ -- LSI Industries' (NASDAQ: LYTS) third quarter sales of $15,151,000 increased 10 percent over last year. Similar to the second quarter, sales into new graphics markets, especially for printed products, and sales of new lighting products offset continued softness in the company's petroleum lighting markets. The company's lighting business is typically at its seasonal low point in this winter quarter and is expected to increase next quarter as more construction projects are started. The operating loss of $273,000 is improved from last year due to increased gross profit associated with the sales increase. A loss per share of $(.06) from continuing operations compares to a loss of $(.07) last year from continuing operations, and to a loss of $(.22) after consideration of discontinued operations last year.
 Sales for the nine month period of $53,788,000 increased 3 percent over last year as a result of improvements in both graphics sales and lighting sales. Operating income increased significantly over last year, primarily due to the absence of restructuring charges this year, and also as a result of increased gross profit on increased sales. Earnings per share of $.19 in 1993 compare to earnings of $.17 last year 'before' charges related to restructuring and discontinued operations, and to a loss of $(.31) after consideration of these charges.
 Bob Ready, president, said, "Investments in our future in the form of new and enhanced products and improved manufacturing methods reduced the impact of continuing softness in the lighting industry that we have traditionally served. We believe that new product development, product improvements, entry into new niche markets, and accomplished employees are the cornerstone of LSI's future."
 LSI designs, 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 automobile dealerships); and the commercial/industrial lighting market. The company's common shares are traded on The Nasdaq Stock Market under the symbol LYTS.
 LSI Industries Inc. today reported operating results for the third quarter and nine months ended March 31, 1993 as follows:
 Three Months Ended Nine Months Ended
 March 31 March 31
 1993 1992 1993 1992
 (Amounts in thousands, except per share)
 Net sales $15,151 $13,753 $53,788 $51,972
 Cost of products sold 10,975 9,857 37,128 35,626
 Gross profit 4,176 3,896 16,660 16,346
 Selling and administrative
 expenses 4,449 4,291 14,755 14,536
 Restructuring charges --- --- --- 686
 Operating income (loss) (273) (395) 1,905 1,124
 Other expenses 126 129 422 490
 Income (loss) before
 income taxes (399) (524) 1,483 634
 Income taxes (107) (189) 574 256
 Income (loss) from
 continuing operations (292) (335) 909 378
 Loss from discontinued
 operations --- (685) --- (1,825)
 Net income (loss) $ (292) $(1,020) $ 909 $(1,447)
 Net income (loss) per
 common share:
 Continuing operations $ (.06) $ (.07) $ .19 $ .08
 Discontinued
 operations --- (.15) --- (.39)
 Total $ (.06) $ (.22) $ .19 $ (.31)
 Average shares
 outstanding 4,678 4,678 4,688 4,678
 -0- 5/5/93
 /CONTACT: Bob Ready, president, or Ron Stowell, chief financial officer, both of LSI Industries Inc., 513-793-3200/
 (LYTS)


CO: LSI Industries Inc. ST: Ohio IN: REA SU: ERN

KL -- CL005 -- 5050 05/05/93 16:55 EDT
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Date:May 5, 1993
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