With the FOMC on track to cut rates in the back half of the year and the average 30-year rate already below 7.5%, the building market will stabilize and return to growth, which is good news for names like Acuity Brands, Inc. NYSE: AYI. Acuity Brands has business in all construction industry segments and is well-positioned to take advantage of the change.
Delivered Net Sales of $935M , a 6% Decline Compared to the Prior Year Grew Operating Profit to $133M , up 22% Over the Prior Year; Adjusted Operating Profit of $154M , up 10% Over the Prior Year Reported Diluted EPS of $3.21 , up 40% Over the Prior Year; Adjusted Diluted EPS of $3.72 , up 13% Over the Prior Year Generated $190M in Cash Flow from Operations ATLANTA, Jan. 09, 2024 (GLOBE NEWSWIR...
Resource scarcity. These are the two words that threaten to undermine most if not all the holistic benefits associated with responsible and sustainable practices.
ATLANTA, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (the “Company”) today announced that it is planning to release its fiscal 2024 first-quarter results on Tuesday, January 9, 2024, at 6:00 a.m. (EST), followed by a conference call at 8:00 a.m. (EST). Neil Ashe, Chairman, President, and Chief Executive Officer of Acuity Brands will lead the call.
ATLANTA, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Today, Acuity Brands, Inc. (NYSE: AYI) ("Acuity"), a market-leading industrial technology company, released its annual EarthLIGHT Report highlighting many of its Fiscal Year 2023 Environmental, Social, and Governance (ESG) accomplishments. The EarthLIGHT Report shares Acuity's annual progress update on certain strategic priorities and specific efforts ...
Acuity Brands, Inc. (NYSE:AYI ) Q4 2023 Earnings Call Transcript October 4, 2023 8:00 AM ET Company Participants Charlotte McLaughlin - VP, IR Neil Ashe - Chairman, President & CEO Karen Holcom - SVP, CFO Conference Call Participants Tim Wojs - Baird Joe O'Dea - Wells Fargo Chris Snyder - UBS Jeff Osborne - TD Cowen Jeffrey Sprague - Vertical Research Partners Operator Good morning, and welcome...
Acuity Brands, Inc. (NYSE:AYI) has reported a fall in fourth-quarter sales due to a decline at its lighting business. However, earnings surprised to the upside, beating analysts' expectations, as its operating margin improved.
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