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LSI INDUSTRIES INC. OPERATING RESULTS YEAR ENDED JUNE 30, 1992 AND DIVIDEND DECLARED

 LSI INDUSTRIES INC. OPERATING RESULTS YEAR ENDED JUNE 30, 1992
 AND DIVIDEND DECLARED
 CINCINNATI, Aug. 19 /PRNewswire/ -- Robert J. Ready, president of LSI Industries Inc. (NASDAQ: LYTS), today reported operating results for the periods ended June 30, 1992 as follows:
 3 Months
 1992 1991
 (In Thousands)
 Net sales $17,210 $16,073
 Cost of products sold 11,763 10,792
 Gross profit 5,447 5,281
 Selling and administrative expenses 4,815 5,106
 Restructuring charges 1,950 ---
 Operating (loss) income (1,318) 175
 Other expenses (129) (139)
 (Loss) income before income taxes (1,447) 36
 Income tax (benefit) expense (538) 19
 Net (loss) income from continuing
 operations (909) 17
 Net loss from discontinued operations (2,437) (167)
 Net loss $(3,346) $ (150)
 Net income (loss) per share:
 Continuing operations $ .08 $ .01
 Restructuring charges (.27) --
 Discontinued operations (.52) (.04)
 Total $(.71) $(.03)
 Average Shares Outstanding 4,678 4,678
 12 Months
 1992 1991
 (In Thousands)
 Net sales $69,182 $68,782
 Cost of products sold 47,389 47,052
 Gross profit 21,793 21,730
 Selling and administrative expenses 19,351 21,085
 Restructuring charges 2,636 ---
 Operating (loss) income (194) 645
 Other expenses (619) (756)
 (Loss) income before income taxes (813) (111)
 Income tax (benefit) expense (282) (12)
 Net (loss) income from continuing
 operations (531) (99)
 Net loss from discontinued operations (4,262) (995)
 Net loss $(4,793) $(1,094)
 Net income (loss) per share:
 Continuing operations $ .25 $ (.02)
 Restructuring charges (.36) --
 Discontinued operations (.91) (.21)
 Total $(1.02) $ (.23)
 Average Shares Outstanding 4,678 4,678
 Effective May 31, 1992, the company sold the assets and operations of its U.K. subsidiary, Duramark, to its management. The transaction was completed on Aug. 6, 1992. The Duramark operations have been reclassified as a discontinued operation, and prior year figures have been restated. The loss from discontinued operations in the fourth quarter ended June 30, 1992, includes a net loss on the Duramark sale of $2,034,000, or $.43 a share.
 During fiscal 1992, the company took several steps to restructure its continuing operations and improve future operating results. In the second quarter ended December 1991, the company announced the restructuring of its Houston, graphics operations (SGI Integrated Graphic Systems). Loss reserves of $686,000 (net of tax amount was $442,000 or $.09 per share) were established to reflect the costs of consolidating three operations into two facilities and the related personnel reductions. The company has determined that certain consolidations and restructuring of its lighting businesses will be accomplished in 1992 and 1993. Reserves totaling $1,950,000 (net of tax amount was $1,250,000 or $.27 per share) were established as of June 30, 1992 to cover the estimated costs of these steps.
 Robert J. Ready, president, stated, "Our continuing businesses made pre-tax income of $1,823,000 in fiscal 1992 before restructuring charges. This compares very favorably with a pre-tax loss of $111,000 in fiscal 1991 at similar annual sales levels. We were pleased to note that fourth quarter fiscal year 1992 sales showed improvement with a 7 percent increase over the prior year. The restructurings and consolidations to be completed over the next fiscal year will further reduce our costs and will more fully utilize our productive capacity without inhibiting our ability to grow in the future. Additionally, despite the one-time losses posted this year, our balance sheet remains strong, with equity of $18.2 million and a low debt/equity ratio."
 The LSI board of directors announced the company's fifth annual dividend of $.05 (five cents) per share which will be paid on Sept. 14 to shareholders of record as of Aug. 28, 1992.
 LSI designs, engineers, manufactures and markets a wide range of high-quality indoor, outdoor and landscape lighting fixtures and graphic products. The company is the leading supplier of outdoor lighting and graphic products to retail gasoline facilities and a major supplier to the fast-food restaurant and automobile dealership markets. The company's common shares are traded on the NASDAQ National Market System under the symbol LYTS.
 -0- 8/19/92
 /CONTACT: Bob Ready or Jim Cox, both of LSI Industries Inc., 513-793-3200/
 (LYTS) CO: LSI Lighting Systems Inc. ST: Ohio IN: REA SU: ERN


KK -- CL003 -- 1200 08/19/92 08:18 EDT
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Date:Aug 19, 1992
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