LSI Industries Acquires Privately Held EMI Industries For An All-Cash Purchase Price Of $50M
Portfolio Pulse from Benzinga Newsdesk
LSI Industries has acquired EMI Industries for $50M in cash, aiming to boost net sales by over 60% by 2028, with acquisitions like EMI contributing to half of this growth. The acquisition is expected to be immediately accretive to LSI's adjusted EPS.
April 18, 2024 | 9:57 pm
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LSI Industries' acquisition of EMI Industries for $50M aims to significantly contribute to its strategic goal of increasing net sales by over 60% by 2028, with the deal being immediately accretive to adjusted EPS.
The acquisition of EMI Industries is directly aligned with LSI Industries' strategic growth plan, indicating a positive outlook for LYTS's financial performance. The immediate accretive effect on adjusted EPS suggests a positive short-term impact on LYTS's stock price, reflecting investor confidence in the company's growth strategy and execution.
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IMPORTANCE 90
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