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 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.
Acuity Brands, Inc. (NYSE: AYI) announced a strategic alliance with Ushio America, Inc. to integrate Ushio's Care222® UV disinfection module in its lighting products. This technology emits 222nm far-UVC light, effective against viruses and bacteria, while being safe for human exposure. The exclusive agreement for general illumination in North America allows Acuity to enhance its product line and improve safety in occupied spaces like offices and classrooms. New products featuring this technology are expected to launch in late 2020.
Acuity Brands (NYSE: AYI) announced that the Allure UNIWAVE™ series, part of Distech Controls™, received recognition from BUILDINGS magazine for its innovative design in the Building & Energy Management category. This product is celebrated for its cost-effective room control solutions, facilitating lower installation costs and retrofitting for building owners. The UNIWAVE operates within the ECLYPSE™ Sky Ecosystem using Bluetooth technology, enhancing energy efficiency and occupant comfort. The product will be featured in the May/June 2020 issue of BUILDINGS.
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