ACUITY INC, - AYI STOCK NEWS

Acuity Brands (NYSE: AYI) announced a launch of senior unsecured notes through its subsidiary, Acuity Brands Lighting, Inc. (ABL). The offering will be fully guaranteed by Acuity Brands and ABL IP Holding LLC. The proceeds from the notes will be used to prepay ABL's outstanding term loan and for general corporate purposes. BofA Securities and J.P. Morgan are the joint book-running managers for the offering. The timing and terms will depend on market conditions. The press release includes forward-looking statements concerning the offering and its risks.

Acuity Brands (NYSE: AYI) recently entered strategic agreements with Violet Defense and PURO Lighting to enhance its UV disinfection product portfolio. This collaboration enables Acuity to leverage patented germicidal UV technology, significantly advancing its offerings in the rapidly growing market for disinfection solutions. The products utilize a unique pulsed xenon technology to effectively kill bacteria and inactivate viruses in unoccupied spaces. Acuity aims to meet increasing customer demand for effective UV disinfection solutions amidst rising health concerns.

Acuity Brands reported Q4 and FY 2020 results, with net sales of $891 million, down 5.0% year-over-year. Gross profit margin remained at 42.1%. Operating profit margin decreased to 11.9%, with diluted EPS at $1.87, a 22.7% decline. For FY 2020, net sales totaled $3.3 billion, a 9.4% decrease, and net income fell to $248 million, down 24.8%. However, net cash from operating activities increased by 2.0% to $505 million. The CEO noted ongoing challenges due to COVID-19 but highlighted opportunities in expanding product offerings and digital transformation.

The Board of Directors of Acuity Brands (NYSE: AYI) has declared a quarterly dividend of 13 cents per share, payable on November 2, 2020. The record date for shareholders is October 19, 2020.

The company will also hold its Annual Meeting of Stockholders on January 6, 2021, at 11:00 a.m. ET. Acuity Brands is a leading industrial technology firm specializing in innovative products and services across North America, Europe, and Asia, with around 12,000 employees.

Acuity Brands, Inc. (NYSE: AYI) will host a conference call on October 8, 2020, at 10:00 a.m. (EDT) to discuss its fourth-quarter performance for fiscal 2020. This call will follow the release of the financial results earlier that same day, led by President and CEO Neil M. Ashe. Investors can access the live webcast on Acuity’s website, where a replay will be available shortly after the call. Acuity Brands is a leading industrial technology company specializing in innovative products and services for building management systems, lighting, and location-aware applications.

Acuity Brands (NYSE: AYI) announced an expansion of its Board of Directors from 11 to 12 members, electing Laura O’Shaughnessy as a Director. Her term will last until the next annual stockholder meeting. O'Shaughnessy, co-founder and CEO of SocialCode, brings significant expertise in digital advertising and technology. Neil Ashe, CEO, expressed optimism about leveraging her knowledge to advance the company's transformation. Acuity Brands focuses on innovative products and services within the industrial technology sector, emphasizing connected solutions.

Acuity Brands, Inc. (AYI) reported third quarter results for the period ending May 31, 2020, with net sales of $776 million, an 18.1% decline year-over-year. Gross profit margin improved to 42.2%, up 170 basis points, while operating profit margin decreased to 10.7%, down 200 basis points. Diluted EPS fell 31.5% to $1.52. Despite lower revenues, cash generated from operations increased 21.3% to $378 million. The company anticipates ongoing pricing pressure and costs related to tariffs in the upcoming quarter.

The Board of Directors of Acuity Brands (NYSE: AYI) announced a quarterly dividend of 13 cents per share, payable on August 3, 2020. Shareholders on record as of July 17, 2020 will receive this dividend. Acuity Brands is a leading industrial technology company specializing in innovative products that enhance productivity and connectivity, including building management systems and lighting solutions. Headquartered in Atlanta, Georgia, the company employs around 12,000 associates across multiple regions.

Acuity Brands, Inc. (NYSE: AYI) will host a conference call on June 30, 2020, at 10:00 a.m. (EDT) to discuss third-quarter fiscal 2020 results. Neil M. Ashe, President and CEO, will lead the call, which will be available via live webcast on the company’s website. A replay will be accessible shortly after the call's conclusion. Acuity Brands is a leading industrial technology firm specializing in innovative products and services, including building management systems and lighting solutions, with operations across North America, Europe, and Asia.