Acuity Inc. reports news around its industrial technology business, which designs, manufactures, and markets lighting, lighting controls, building management solutions, and an audio, video and control platform. The company operates through Acuity Brands Lighting and Acuity Intelligent Spaces, serving building, commercial, architectural, specialty lighting, controls, and intelligent-spaces applications.
Recurring company updates cover quarterly and annual results, sales growth, operating profit, margins, diluted EPS, adjusted non-GAAP measures, EBITDA, free cash flow, and segment performance. Acuity news also includes dividend actions, completed acquisitions, share repurchases, debt repayment, and other capital-allocation developments tied to its lighting and intelligent-building technology portfolio.
The Board of Directors of Acuity Brands (NYSE: AYI) declared a quarterly dividend of 13 cents per share, payable on November 1, 2021. This dividend is for shareholders on record as of October 15, 2021.
Acuity Brands operates through two segments: Acuity Brands Lighting and Intelligent Spaces Group, focusing on innovative products that improve productivity and connectivity. The company aims to increase market share and deliver superior returns through capital deployment and new growth opportunities.
Acuity Brands, Inc. (NYSE: AYI) announced the retirement of Richard K. Reece, Executive Vice President and Vice Chairman of Acuity Brands Lighting, effective November 30, 2021. CEO Neil Ashe expressed gratitude for Reece’s 16 years of leadership and contributions, including his previous roles as President and CFO. Reece played a key role in the company’s transformation, focusing on smart lighting and strategic acquisitions. Acuity Brands continues to innovate in lighting and intelligent spaces, aiming to increase market share and deploy capital for growth.
Acuity Brands, Inc. (NYSE: AYI) plans to release its fiscal 2021 fourth-quarter earnings results on October 6, 2021, at 6:00 a.m. EDT. A conference call will follow at 8:00 a.m. EDT, led by Chairman and CEO Neil M. Ashe. Investors can access the earnings release and conference call through the company's Investor Relations website. Acuity Brands operates in the industrial technology sector, focusing on innovative lighting and control solutions.
Acuity Brands, Inc. (NYSE: AYI) announced the retirement of board member Peter C. Browning and the election of Mark J. Sachleben, effective August 6, 2021. Sachleben, currently CFO at New Relic, brings extensive financial and strategic planning expertise. Browning has been on the board since 2001 and served in various capacities, including Lead Director. Neil M. Ashe, the company's CEO, expressed gratitude for Browning's contributions and optimism for Sachleben's role in the ongoing business transformation.
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.