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
The Board of Directors of Acuity Brands (NYSE: AYI) announced a quarterly dividend of 13 cents per share, payable on February 1, 2022, to shareholders on record by January 20, 2022. The company specializes in industrial technology, focusing on lighting and building management systems through its two segments: Acuity Brands Lighting and the Intelligent Spaces Group. Acuity Brands aims to increase market share and boost returns by deploying capital in innovative products and services.
Acuity Brands, Inc. (NYSE: AYI) will release its fiscal 2021 first-quarter earnings results on January 7, 2022, at 6:00 a.m. EDT. A conference call will follow at 8:00 a.m. EDT, led by CEO Neil Ashe. Investors can access the earnings release and call via the Investor Relations website.
Acuity Brands specializes in technology solutions for lighting and building management, aiming for growth through innovative products and strategic capital deployment.
Acuity Brands (AYI) announced significant achievements in its third annual EarthLIGHT Report. The company has achieved carbon neutrality in operations and aims to help customers avoid 100 million metric tons of carbon emissions by 2030 through energy-efficient technologies. Acuity introduced Acuity Anywhere, a hybrid work model, enhancing talent attraction. Governance practices have been improved with new councils and changes to compensation programs, enhancing long-term value creation.
Acuity Brands reported a strong fiscal Q4 2021, with net sales of $992.7 million, reflecting an 11.4% increase year-over-year. The company achieved a diluted EPS of $2.72, a 45.5% rise from the previous year, and an adjusted EPS of $3.27, up 39.1%. Gross profit rose to $419.3 million, representing a 42.2% margin. Operating profit increased by 25.4% to $132.8 million, demonstrating effective cost management despite rising material costs. For fiscal 2021, total sales reached $3.5 billion, a growth of 4.0%. The company repurchased approximately 3.8 million shares during the fiscal year.
The Board of Directors of Acuity Brands (NYSE: AYI) declared a quarterly dividend of 13 cents per share, payable on November 1, 2021. This dividend is for shareholders on record as of October 15, 2021.
Acuity Brands operates through two segments: Acuity Brands Lighting and Intelligent Spaces Group, focusing on innovative products that improve productivity and connectivity. The company aims to increase market share and deliver superior returns through capital deployment and new growth opportunities.
Acuity Brands, Inc. (NYSE: AYI) announced the retirement of Richard K. Reece, Executive Vice President and Vice Chairman of Acuity Brands Lighting, effective November 30, 2021. CEO Neil Ashe expressed gratitude for Reece’s 16 years of leadership and contributions, including his previous roles as President and CFO. Reece played a key role in the company’s transformation, focusing on smart lighting and strategic acquisitions. Acuity Brands continues to innovate in lighting and intelligent spaces, aiming to increase market share and deploy capital for growth.
Acuity Brands, Inc. (NYSE: AYI) plans to release its fiscal 2021 fourth-quarter earnings results on October 6, 2021, at 6:00 a.m. EDT. A conference call will follow at 8:00 a.m. EDT, led by Chairman and CEO Neil M. Ashe. Investors can access the earnings release and conference call through the company's Investor Relations website. Acuity Brands operates in the industrial technology sector, focusing on innovative lighting and control solutions.
Acuity Brands, Inc. (NYSE: AYI) announced the retirement of board member Peter C. Browning and the election of Mark J. Sachleben, effective August 6, 2021. Sachleben, currently CFO at New Relic, brings extensive financial and strategic planning expertise. Browning has been on the board since 2001 and served in various capacities, including Lead Director. Neil M. Ashe, the company's CEO, expressed gratitude for Browning's contributions and optimism for Sachleben's role in the ongoing business transformation.
Acuity Brands (NYSE: AYI) recently achieved a significant milestone by obtaining UL Certification for its Care222 filtered far-UVC module, the first of its kind for germicidal use in occupied spaces. This certification ensures compliance with U.S. and Canadian safety standards, enabling its integration into a range of Acuity lighting products. The Care222 technology effectively inactivates pathogens using a safe 222nm wavelength, allowing spaces to remain occupied during use. The development stems from a strategic alliance with Ushio America, enhancing Acuity's position in the growing disinfection market.
Acuity Brands reported a 15.9% increase in net sales, totaling $899.7 million for Q3 fiscal 2021. The company's diluted EPS rose by 55.9% to $2.37, with adjusted EPS at $2.77, a 42.8% increase. Gross profit rose 18.0% to $386.6 million, enhancing gross margin by 80 basis points to 43.0%. Acuity also closed the acquisition of ams OSRAM’s North American Digital Systems, aiming to boost innovation. The company committed to a 100 million metric tons carbon reduction by 2030. A virtual Investor Day is scheduled for today to discuss the financial outlook.
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