Welcome to our dedicated page for Acuity Brands news (Ticker: AYI), a resource for investors and traders seeking the latest updates and insights on Acuity Brands stock.
Acuity Brands, Inc. (AYI) is a North American leader and one of the world's top providers of comprehensive lighting solutions, catering to both indoor and outdoor applications. Headquartered in Atlanta, Georgia, the company employs approximately 7,000 associates across North America, Europe, and Asia. Acuity Brands focuses on delivering customer-driven, efficient lighting solutions that offer superior quality and value.
Acuity Brands operates through its primary subsidiaries, Acuity Brands Lighting and other affiliated entities. The company's extensive portfolio includes luminaires, lighting controls, lighting components, and integrated lighting systems that utilize a variety of light sources. Their products are widely used in commercial, institutional, industrial, and residential settings.
The company's customer base spans electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A significant portion of Acuity Brands' revenue is generated within the United States. In the fiscal year 2014, the company reported net sales of $2.4 billion.
Recent achievements have showcased Acuity Brands' ability to drive margin expansion and generate strong cash flow. The continuous focus on cost efficiency and leveraging a culture of improvement have been pivotal to its success. Investors and potential employees can explore more about Acuity Brands, their latest projects, and career opportunities by visiting their career center.
For the latest updates, news, and financial metrics, stakeholders can contact:
- Investor Contact: Charlotte McLaughlin, Vice President, Investor Relations, investorrelations@acuitybrands.com, (404) 853-1456
- Media Contact: April Appling, Vice President, Corporate Communications & Events, corporatecommunications@acuitybrands.com
Acuity Brands (AYI) reported strong financial results for Q3 fiscal 2022, with net sales reaching $1.1 billion, an 18% increase compared to the previous year. Diluted EPS rose 30% to $3.07. Gross profit was $445.1 million, up 15.1%. The company repurchased $296 million in shares, reflecting commitment to shareholder value. ABL segment sales were $1.0 billion, boosted by acquisitions. Despite a 47.6% decline in operating cash flow, a new $600 million revolving credit facility was established to enhance capital flexibility.
The Board of Directors of Acuity Brands (NYSE: AYI) has declared a quarterly dividend of 13 cents per share. This dividend is set to be paid on August 1, 2022, to shareholders on record as of July 15, 2022. Acuity Brands is a leader in industrial technology, focusing on lighting and building management solutions. The company aims to increase market share and improve returns through innovation and customer-focused efficiencies.
Acuity Brands (NYSE: AYI) plans to release its fiscal 2022 third-quarter earnings results on June 30 at 6:00 a.m. EDT, followed by a conference call at 8:00 a.m. EDT led by CEO Neil Ashe. The earnings release, webcast, and supplemental presentation will be accessible via the Investor Relations section of the Company's website after the earnings announcement. A replay of the call will be available shortly after its conclusion and archived on the site. Acuity Brands focuses on innovative solutions in lighting and controls to enhance customer experiences.
Acuity Brands, Inc. (NYSE: AYI) announced the appointment of Sach Sankpal as Senior Vice President of Growth and Transformation. Sankpal will oversee the technology organization and lead initiatives for business integration and transformation, utilizing the company's Better.Smarter.Faster. operating system. He brings a strong background in driving operational excellence and growth from previous roles at Resideo, Trimble, and Honeywell. Sankpal holds an MBA from Dartmouth and other advanced degrees.
Acuity Brands reported strong financial results for Q2 fiscal 2022, with net sales reaching $909.1 million, a 17.1% increase from the prior year. Diluted EPS grew by 22.4% to $2.13, while net income rose to $75.3 million. Despite these gains, gross profit margin declined to 41.7%, down 170 basis points year-over-year. Operating profit increased to $102.3 million, but margins decreased due to lower gross profits. Cash flow from operating activities fell by 40.1% as the company increased working capital to manage inventory.
Acuity Brands, Inc. (NYSE: AYI) has declared a quarterly dividend of 13 cents per share, payable on May 2, 2022, to shareholders of record as of April 18, 2022. The company, a leader in industrial technology, focuses on innovative solutions in lighting and intelligent spaces, driven by a workforce of approximately 13,500 associates. Acuity Brands aims for market expansion and improved returns through technological advancements in lighting controls and building management systems.
Acuity Brands, Inc. (NYSE: AYI) will release its fiscal 2022 second-quarter earnings on April 5 at 6:00 a.m. EDT, followed by a conference call at 8:00 a.m. EDT led by CEO Neil Ashe. Investors can access the earnings release and the call via the Investor Relations section on the company’s website. The replay will be available shortly after the call. Acuity Brands, known for its innovative technology in lighting and controls, aims to increase market share and deliver superior returns through customer-focused efficiencies.
Acuity Brands, Inc. (NYSE: AYI) announced an expansion of its collaboration with Microsoft to enhance smart lighting and building automation solutions. The partnership aims to leverage Microsoft’s Cloud for Sustainability and Azure IoT to help clients significantly reduce carbon emissions, targeting an avoidance of 100 million metric tons by 2030. Acuity Brands' technology is already in use across 15 billion square feet of commercial real estate. This initiative emphasizes energy efficiency and cost savings for various facility operations, aligning with both companies' sustainability goals.
Acuity Brands reported significant financial growth for Q1 of fiscal 2022, with net sales rising 17% to $926.1 million compared to the previous year. The diluted EPS surged 57% to $2.46, showcasing the company's effective strategies amidst supply chain challenges. Operating profit increased by 34% to $115.1 million, with margins expanding by 160 basis points. Gross profit also rose by 16.1% to $385.8 million, despite a slight decrease in profit margin percentage. The company continues to prioritize customer demand while investing in long-term growth.
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