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LSI INDUSTRIES INC. OPERATING RESULTS

 CINCINNATI, Feb. 3 /PRNewswire/ -- LSI Industries' (NASDAQ: LYTS) second quarter sales were up slightly from fiscal 1992 with increased graphics sales offsetting reduced lighting segment sales. Sales into new graphics markets and sales of new lighting products countered continued softness in the company's petroleum markets. Operating income increased significantly over last year due primarily to the FY 1992 restructuring charges. The company is pleased to report earnings per share of $.14 in 1993 which compare to earnings of $.13 per share last year before charges related to restructuring and discontinued operations, and to a loss last year of $(.17) after these charges.
 First half sales were increased slightly over last year with increased lighting sales offsetting a shortfall in graphics sales. Operating income increased sharply over last year primarily due to the absence of restructuring charges this year. Earnings per share of $.26 in 1993 compare to earnings of $.24 last year before charges related to restructuring and discontinued operations, and to a loss last year of $(.09) after consideration of these charges.
 The company's Abolite Lighting operations have been moved and merged into the Cincinnati operations in January 1993. Abolite operations and shipments are well on their way to returning to normal after the disruption of the consolidation. LSI anticipates operating efficiencies and margin improvement in the Abolite operations as a result of this consolidation.
 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 National Market System under the symbol LYTS.
 LSI INDUSTRIES INC.
 OPERATING RESULTS
 SECOND QUARTER AND SIX MONTHS ENDED DEC. 31, 1992
 Three Months Ended
 December 31
 1992 1991
 (Amounts in thousands, except per share)
 Net sales $19,863 $19,836
 Cost of products sold 13,421 13,572
 Gross profit 6,442 6,264
 Selling and administrative expenses 5,329 5,077
 Restructuring charges -- 686
 Operating income 1,113 501
 Other expenses 116 188
 Income before income taxes 997 313
 Income taxes 364 127
 Income from continuing operations 633 186
 Loss from discontinued operations -- (984)
 Net income (loss) $ 633 $ (798)
 Net income (loss) per common share:
 Continuing operations $ .14 $ .04
 Discontinued operations -- (.21)
 Total $ .14 $ (.17)
 Average shares outstanding 4,690 4,678
 Six Months Ended
 December 31
 1992 1991
 (Amounts in thousands, except per share)
 Net sales $38,637 $38,219
 Cost of products sold 26,153 25,769
 Gross profit 12,484 12,450
 Selling and administrative expenses 10,306 10,246
 Restructuring charges -- 686
 Operating income 2,178 1,518
 Other expenses 296 360
 Income before income taxes 1,882 1,158
 Income taxes 681 445
 Income from continuing operations 1,201 713
 Loss from discontinued operations -- (1,140)
 Net income (loss) $ 1,201 $ (427)
 Net income (loss) per common share:
 Continuing operations $ .26 $ .15
 Discontinued operations -- (.24)
 Total $ .26 $ (.09)
 Average shares outstanding 4,684 4,678
 -0- 2/3/93
 /CONTACT: Bob Ready or Ron Stowell, both of LSI Industries Inc., 513-793-3200/
 (LYTS)


CO: LSI Lighting Systems Inc. ST: Ohio IN: SU: ERN

BM -- CL013 -- 2406 02/03/93 12:41 EST
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Date:Feb 3, 1993
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