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 (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.
Acuity Brands (NYSE: AYI) announced a quarterly dividend of 13 cents per share, payable on August 2, 2021, to shareholders of record by July 16, 2021. The company, known for its innovative products in industrial technology, aims to enhance productivity through building management systems and lighting solutions. Acuity Brands focuses on growth via new product development and operational efficiencies to increase market share.
Acuity Brands (NYSE: AYI) announced the launch of Acuity Anywhere, a new hybrid work model that classifies jobs as Onsite, Flexible, or Remote. This initiative aims to enhance talent retention and recruitment while driving the company's digital transformation. The model prioritizes customer delivery, productivity, and work/life balance, allowing associates to work from various locations. Acuity also increased benefits, including vacation and parental leave. The company will continually adapt this model to meet evolving needs, thereby supporting its sustainability initiatives.
Acuity Brands (NYSE: AYI) has announced a definitive agreement to acquire ams OSRAM’s North American Digital Systems business, enhancing its LED driver portfolio. This strategic acquisition is expected to close in summer 2021 and will expand Acuity's capabilities in lighting technology. The North American DS business manufactures key components including LED drivers and electronic ballasts, contributing to Acuity's goal of leading the industry in embedded lighting technology. The acquisition includes approximately 1,100 associates across the U.S., Canada, and Mexico.
Acuity Brands, Inc. (NYSE: AYI) announced the release of its fiscal 2021 third-quarter earnings on July 1, 2021, at 7:00 a.m. ET, followed by an investor update at 9:00 a.m. ET. Neil M. Ashe, the CEO, will lead the event with the leadership team. Registration opens on June 1, 2021, via the Company's Investor Relations website. Acuity Brands specializes in industrial technology, particularly in building management and lighting systems, aiming for growth through innovative products and effective market strategies.
Acuity Brands has appointed Peter Han as President of its new Intelligent Spaces Group (ISG), previously known as the Intelligent Buildings business. The move aims to enhance growth in software and AI solutions. The ISG now includes Atrius® and Distech Controls™, along with an acquisition of Rockpile Ventures, a Seattle-based AI startup accelerator. With leaders like Han and Dinesh Narayanan, ISG is positioned to innovate by integrating AI technologies with Acuity's existing infrastructure. This strategic shift is expected to make spaces smarter and more efficient.
Acuity Brands (AYI) reported net sales of $776.6 million for Q2 fiscal 2021, a 5.8% decline from the prior year. Despite lower sales volume, the gross profit margin improved by 170 basis points to 43.4% due to effective cost management and product improvements. Diluted earnings per share rose 20.8% to $1.74. The company achieved carbon neutrality in its operations and reduced its outstanding shares by 9.6% since May 2020. A conference call to discuss these results is scheduled for March 31, 2021.
The Board of Directors of Acuity Brands (NYSE: AYI) has declared a quarterly dividend of 13 cents per share.
This dividend is payable on May 3, 2021, to shareholders of record on April 16, 2021.
Acuity Brands continues to focus on innovative product development to drive growth and improve market share across its segments.
Acuity Brands, Inc. (NYSE: AYI) announced plans to release its fiscal 2021 second-quarter earnings results on March 31, 2021, at 8:00 a.m. ET, followed by a conference call at 10:00 a.m. ET led by CEO Neil M. Ashe. The earnings release and call can be accessed via the Investor Relations section of their website. Acuity Brands is recognized as a market leader in industrial technology, focusing on innovative products and services that enhance productivity and connectivity. The company operates globally with approximately 11,000 employees.
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