Key PointsAcuity Brands shoots higher on mixed results that include better-than-expected margins. The analysts forecast a return to growth by the end of the year, with growth persisting into 2025. The dividend is small but offset by robust share repurchases that should continue through 2025. 5 stocks we like better than Acuity BrandsWith 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 ...

Delivered Net Sales of $935M, a 6% Decline Compared to the Prior YearGrew Operating Profit to $133M, up 22% Over the Prior Year; Adjusted Operating Profit of $154M, up 10% Over the Prior YearReported Diluted EPS of $3.21, up 40% Over the Prior Year; Adjusted Diluted EPS of $3.72, up 13% Over the Prior YearGenerated $190M in Cash Flow from Operations ATLANTA, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE:AYI) (the "Company"), a market-leading industrial technology company, announced net sales ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-16583. _____ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________ Form 10-K __________________________________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . _______________________ ...

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 to the Acuity Brands Fiscal 2023 Fourth Quarter and Full Year Earnings Call. At this time, all participants are in ...

Acuity Brands, Inc. (NYSE:AYI) Q3 2023 Earnings Conference Call June 29, 2023 8:00 AM ET Company Participants Charlotte McLaughlin - VP of IR Neil Ashe - Chairman, President and CEO Karen Holcom - SVP and CFO Conference Call Participants Tim Wojs - Baird Joe O'Dea - Wells Fargo Ryan Merkel - William Blair Chris Snyder - UBS Brian Lee - Goldman Sachs Jeffrey Sprague - Vertical Research Operator Good morning, and welcome to the Acuity Brands' Fiscal 2023 Third Quarter Earnings Call. At this time, all particip ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-16583. __________ ...

Acuity Brands, Inc. (NYSE:AYI) Q2 2023 Earnings Conference Call April 4, 2023 8:00 AM ET Company Participants Charlotte McLaughlin - Vice President of Investor Relations Neil Ashe - Chairman, President & Chief Executive Officer Karen Holcom - Senior Vice President & Chief Financial Officer Conference Call Participants Tim Wojs - Baird Ryan Merkel - William Blair Joe O'Dea - Wells Fargo Chris Snyder - UBS Jeffrey Sprague - Vertical Research Partners Operator Good morning and welcome to the Acuity Brands Fisc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-16583. _____ ...

Financial Data and Key Metrics Changes - The company generated net sales of approximately $1 billion, an increase of 8% year-over-year, primarily driven by price increases [16] - Adjusted diluted earnings per share (EPS) increased by $0.44 or 15% over the prior year to $3.29, while diluted EPS decreased by $0.17 or 7% year-over-year due to non-recurring charges [17] - Cash flow from operating activities was $187 million, an increase of $103 million compared to the prior year's first quarter [19] Business Line Data and Key Metrics Changes - The Acuity Brands Lighting (ABL) segment reported net sales of $947 million, a 7% increase compared to the prior year, with operating profit of $118 million, down $10 million year-over-year [18] - The Intelligent Spaces Group (ISG) saw sales of $57 million, an increase of 22% year-over-year, with operating profit rising to $8 million [18] Market Data and Key Metrics Changes - The company is experiencing improved component availability, which is expected to reduce lead times and help clear backlog levels [21][22] - The company is focusing on expanding its geographic markets, particularly for the Distech product portfolio, with promising starts in the U.K. [11] Company Strategy and Development Direction - The company is committed to product vitality and service improvements, with a focus on sustainability through new product launches [7][14] - The decision to exit the Sunoptics Daylighting business and Winona custom architectural lighting solutions reflects a strategic review of the portfolio to focus on more relevant and profitable areas [10][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged uncertainty around the economy, inflation, and interest rates, but expressed confidence in adapting to changing market conditions [13] - The company is well-positioned in various end-markets and is focused on continuing to invest in product vitality and service [13] Other Important Information - The company repurchased approximately 0.5 million shares during the quarter, totaling over 20% of shares outstanding since May 2020 [12] - The company is committed to achieving net zero carbon emissions by 2040 and is working with the Science-Based Targets Initiative to establish interim targets [14] Q&A Session Summary Question: Backlog and Supply Chain Performance - Management expects backlog levels to normalize as component availability improves, with a timeline of approximately the second or third fiscal quarter for a more balanced relationship between order intake and lead times [21][22] Question: Commission Changes - The increase in commissions is part of a strategy to invest in future business, particularly in infrastructure projects, and is expected to continue throughout the year [23][24] Question: Capital Allocation and M&A - The company remains committed to its capital allocation priorities, including M&A opportunities, particularly in expanding the Intelligent Spaces Group [27][29] Question: Operating Leverage and Margin Outlook - Management is confident in generating operating leverage as the environment normalizes, with expectations for margin improvements as backlog levels decrease [31][32] Question: Demand Environment and Economic Conditions - Management is monitoring economic indicators and anticipates that improved component availability may temporarily impact demand as customers adjust their inventory levels [38][39] Question: International Expansion for Distech - The company plans to expand Distech's market presence beyond North America and France, with a focus on the U.K. and non-China Asia as part of a multi-year strategy [55]