Welcome to our dedicated page for ACUITY INC, news (Ticker: AYI), a resource for investors and traders seeking the latest updates and insights on ACUITY INC, stock.
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.
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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