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 Q1 fiscal 2021 results with net sales of $792 million, a 5.1% decrease year-over-year. Despite this, net income rose by 4.6% to $60 million, and diluted EPS increased by 9.0% to $1.57. The company generated $113 million in free cash flow and repurchased 2.6 million shares for $255 million. Operating profit margin improved to 10.8% while adjusted operating profit declined to 13.2%. Executive Neil Ashe emphasized ongoing investments and cautious optimism amid pandemic challenges.
The Board of Directors of Acuity Brands (NYSE: AYI) announced a quarterly dividend of 13 cents per share. This dividend will be payable on February 1, 2021 to shareholders on record as of January 20, 2021.
Acuity Brands is a leading industrial technology company providing innovative products and services in building management systems, lighting, and controls. The company operates across North America, Europe, and Asia, employing around 11,000 associates.
Acuity Brands, Inc. (NYSE: AYI) will host a conference call on January 7, 2021, at 10:00 a.m. EST to discuss its first quarter performance for fiscal 2021. CEO Neil M. Ashe will lead the call following the release of the results earlier that day. The call will be available via a live webcast on the company's website, and a replay will be posted shortly after the call concludes. Acuity Brands is an innovative industrial technology company, focusing on products such as building management systems and lighting solutions.
Acuity Brands (NYSE: AYI) released its 2020 Environmental, Social and Governance (ESG) report, highlighting the company's EarthLIGHT program. The report outlines significant energy and carbon savings, including a potential 13.3 billion kWh energy savings for customers, equivalent to the output of 2.4 coal-fired power plants. The company also removed an estimated 6,535 metric tons of carbon emissions. Acuity Brands adapted operations during COVID-19, providing PPE and promoting remote work for associates, underscoring its commitment to community engagement and transparency.
Acuity Brands (NYSE: AYI) announced the appointment of Candace Steele Flippin as Chief Communications Officer, enhancing its leadership team. Flippin is tasked with shaping the company's global communications strategy, overseeing corporate communications, media relations, and brand management. She joins from First Horizon National Corporation, where she led significant branding and corporate responsibility initiatives. Flippin's extensive background includes roles at St. Jude Medical and Abbott Laboratories. She holds degrees from Case Western Reserve University and Johns Hopkins University.
Acuity Brands (NYSE: AYI) announced that Neil M. Ashe, President and CEO, will present at the Robert W. Baird 2020 Global Industrial Virtual Conference on November 11, 2020, at 4:55 p.m. ET. The format will be a fireside chat, providing insights into the company’s strategies and products. A live webcast will be available via the company’s website and a replay will last for 90 days post-event. Acuity Brands is a leader in industrial technology, specializing in innovative products and services.
Acuity Brands, Inc. (NYSE: AYI) announced via press release that its subsidiary, Acuity Brands Lighting, Inc., has priced a senior unsecured notes offering worth $500 million. The notes, maturing on December 15, 2030, will bear an interest rate of 2.150% and are set to be issued at 99.737% of their face value. The funds will be used to repay existing term loan borrowings and for corporate purposes. The offering is expected to close on November 10, 2020. BofA Securities and J.P. Morgan Securities are managing the offering.
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.
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