LSI Industries is a leading U.S.-based manufacturer of display solutions and indoor/outdoor lighting. LSI Industries posted a massive fiscal 2022, with revenue up 44%. The firm has topped our quarterly earnings estimates by an average of 72% in the trailing four periods, including a 29% beat in Q1 FY23. LYTS said back in November that it was "on-track to deliver significant YoY improvement in free cash flow and debt reduction" in 2023 as it manages ongoing inflation and economic cycle setbacks.