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First Quarter Fiscal 2023 Results Conference Call November 2, 2022
First Quarter Fiscal
©2022 LSI INDUSTRIES
This presentation contains “forward -looking statements” —that is,statements related tofuture events within the meaning ofthe Private Securities Litigation Reform Act of1995 .The
Private Securities Litigation Reform Actof1995 provides asafe harbor forforward -looking statements .Inthis context, forward -looking statements often address ourexpected future business,
financial performance, financial condition and results ofoperations, often contain words such as“estimates,” “targets,” “anticipates,” “hopes,” “projects,” “plans,” “expects,” “intends,” “believes,”
“seeks,” “may,” “will,” “see,” “should” and similar expressions and thenegative versions ofthose words, and may beidentified bythecontext inwhich they areused .
Such statements, whether expressed orimplied, are based upon current expectations ofLSIand speak only asofthe date made .Reliance should not beplaced onforward -looking
statements because they involve known and unknown risks, uncertainties and other factors which may cause actual results, performance orachievements todiffer materially from those
expressed orimplied .Forward -looking statements include statements that address activities, events ordevelopments that LSIexpects, believes oranticipates willormay occur inthe future,
such asearnings estimates (including projections and guidance) and other predictions offinancial performance .Forward -looking statements arebased onLSI’s experience and perception
ofcurrent conditions, trends, expected future developments and other factors itbelieves are appropriate under the circumstances and are subject tonumerous risks and uncertainties,
many ofwhich arebeyond LSI’s control .
These risks and uncertainties include, but arenot limited tothefollowing :theimpact ofcompetitive products and services ;product and pricing demands, and market acceptance risks ;LSI’s
reliance onthird -party manufacturers and suppliers ;substantial changes tothe refueling and convenience store and grocery markets ;LSI’s stock price volatility ;potential costs associated
with litigation, other proceedings and regulatory compliance ;LSI’s ability todevelop, produce and market quality products that meet customers’ needs ;LSI’s ability toadequately protect
intellectual property ;information technology security threats and computer crime ;reliance oncustomers and partner relationships ;financial difficulties experienced bycustomers ;the
cyclical and seasonal nature ofour business ;the adequacy ofreserves and allowances fordoubtful accounts ;the failure ofinvestments, acquisitions oracquired companies toachieve their
plans orobjectives generally ;unexpected difficulties inintegrating acquired businesses; the inability toeffectively execute our business strategies ;the ability toretain key employees,
including key employees ofacquired businesses; labor shortages oranincrease inlabor costs ;changes inshift inproduct mix;unfavorable economic, political, and market conditions,
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