Acuity Brands Inc

AYI

Equity

ISIN US00508Y1029 / Valor 1327728

New York Stock Exchange, Inc (2024-11-21)

USD 320.41+1.52%

Acuity Brands Inc
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About company

Acuity Brands Inc is a company that specializes in the design, production, and distribution of lighting solutions and building management systems for commercial, institutional, industrial, infrastructure, and residential applications.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

Acuity Brands Inc. reported net sales of $968.1 million in the third quarter of fiscal 2024, which ended on May 31, 2024. This represents a decrease of $32.2 million, or 3.2 percent, compared to the same period in the prior year.

Operating Profit

In the third quarter of fiscal 2024, Acuity Brands Inc. achieved an operating profit of $145.3 million, marking an increase of $2.0 million, or 1.4 percent, compared to the previous year. The operating profit as a percentage of net sales was 15.0 percent, up by 70 basis points from the prior year.

Diluted Earnings Per Share

Acuity Brands Inc. reported diluted earnings per share (EPS) of $3.62 for the third quarter of fiscal 2024, an increase of $0.34, or 10.4 percent, compared to the same quarter in the previous year. Adjusted diluted EPS was $4.15, up 10.7 percent from $3.75 in the prior year.

Segment Performance - ABL

The Acuity Brands Lighting and Lighting Controls (ABL) segment generated net sales of $898.5 million in the third quarter of fiscal 2024, a decrease of $42.2 million, or 4.5 percent, compared to the prior year. ABL's operating profit was $151.5 million, an increase of $1.5 million, or 1.0 percent, compared to the previous year.

Cash Flow

For the first nine months of fiscal 2024, Acuity Brands Inc. generated net cash from operating activities amounting to $445.1 million, a decrease of $26.4 million compared to the prior year. The company also repurchased approximately 454,000 shares of common stock for a total of approximately $89 million year-to-date.

Summarized from source with an LLMView Source

Key figures

77.0%1Y

48.4%3Y

153%5Y

Performance

28.7%1Y

31.2%3Y

39.5%5Y

Volatility