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LYTS

LSI Industries

$3.14

-0.01 (-0.32%)

11:45
04/17/19
04/17
11:45
04/17/19
11:45

LSI Industries announces agreement to sell New York manufacturing facility

LSI Industries announced that the company has entered into a definitive agreement to sell its manufacturing facility in New Windsor, New York. The company previously announced the closure of the New York facility on October 29, 2018. The facility manufactures indoor lighting products and production is being transferred to the company's Independence, Kentucky and Blue Ash, Ohio facilities. Under terms of the agreement, the company will receive approximately $12M in gross proceeds related to the sale of the New York facility. In addition, the company expects to generate approximately $4M in annualized cost savings resulting from improved operating efficiencies. The transaction is expected to close on or before June 30, subject to final approval from the town leaders of New Windsor, New York.

  • 25

    Apr

LYTS LSI Industries
$3.14

-0.01 (-0.32%)

08/16/18
08/16/18
UPGRADE
Target $6

Buy
LSI Industries upgraded to Buy on potential for FY19 growth at Roth Capital
As previously reported, Roth Capital analyst Craig Irwin upgraded LSI Industries to Buy from Neutral as he believes the company is well positioned to see improving execution in FY19 under new leadership. Following the company's Q4 earnings report, Irwin sees good potential for EBITDA growth to resume in FY19 with the help of recently launched new fixtures and sees downside being limited from current levels given its tangible book value of about $4.00 per share. He set a $6 price target on LSI Industries shares.

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ABBV

AbbVie

$78.71

0.06 (0.08%)

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APC

Anadarko

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7.29 (11.37%)

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PTC

PTC

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1.12 (1.11%)

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NXGN

NextGen Healthcare

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ABBV

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ABBV

AbbVie

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AZPN

Aspen Technology

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2.435 (2.17%)

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General news
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XLNX

Xilinx

$139.79

2.66 (1.94%)

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CIGI

Colliers International

$69.14

-0.39 (-0.56%)

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ABBV

AbbVie

$78.71

0.06 (0.08%)

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HAS

Hasbro

$103.18

2.84 (2.83%)

07:42
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WAB

Wabtec

$76.57

-0.19 (-0.25%)

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GE

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ABBV

AbbVie

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ABBV

AbbVie

$78.71

0.06 (0.08%)

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HBAN

Huntington Bancshares

$13.75

-0.04 (-0.29%)

07:40
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REPL

Replimune Group

$15.32

1 (6.98%)

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ALKS

Alkermes

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FCN

FTI Consulting

$78.95

-0.04 (-0.05%)

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Earnings
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RRC

Range Resources

$9.76

0.08 (0.83%)

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SWK

Stanley Black & Decker

$145.79

-1.58 (-1.07%)

07:38
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FCN

FTI Consulting

$78.95

-0.04 (-0.05%)

07:37
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Earnings
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NCI

Navigant Consulting

$21.00

0.38 (1.84%)

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Earnings
Navigant Consulting backs FY19 adjusted EPS view 85c-$1.00, consensus 89c »

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SAH

Sonic Automotive

$15.84

0.45 (2.92%)

07:36
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Earnings
Sonic Automotive reports Q1 adjusted EPS 39c, consensus 23c »

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

07:36
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Recommendations
Tesla analyst commentary  »

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