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 Brands Inc (AYI) delivers innovative lighting and intelligent building solutions for commercial and industrial applications worldwide. This dedicated news hub provides investors and industry professionals with centralized access to all official corporate announcements and market-relevant updates.
Track the company's latest developments through curated press releases covering financial results, product innovations, and strategic partnerships. Our repository ensures timely access to critical information about AYI's advancements in smart lighting controls, IoT-enabled systems, and sustainable building technologies.
Discover updates spanning Acuity Brands' core operations including architectural lighting solutions, energy-efficient product launches, and intelligent space management systems. The collection serves as an essential resource for monitoring the company's progress in merging industrial technology with next-generation building automation.
Bookmark this page for streamlined access to verified information about AYI's market activities. Check regularly for new developments that demonstrate the company's commitment to shaping the future of connected lighting ecosystems and intelligent commercial environments.
Acuity Brands (NYSE: AYI) has appointed Sach Sankpal as President of Acuity Brands Lighting and Lighting Controls (ABL). Sankpal, previously SVP and Chief Growth and Transformation Officer, brings over 30 years of experience in accelerating transformation and driving innovation in global industrial technology organizations. This move aims to create a single lighting organization to connect processes more effectively end-to-end, accelerate growth, and drive productivity.
Trevor Palmer, the current ABL President, will be leaving the company after leading the business through several years of transformation. Neil Ashe, Chairman, President, and CEO of Acuity Brands, expressed confidence in the future and thanked Palmer for his contributions.
Acuity Brands reported its fiscal 2024 third-quarter results, revealing a 3% decline in net sales to $968 million. Despite this, the company achieved a 1% increase in operating profit to $145 million, with adjusted operating profit rising by 3% to $167 million. Reported diluted EPS grew by 10% to $3.62, while adjusted diluted EPS increased by 11% to $4.15. The company generated $445 million in year-to-date cash flow from operations. Segment-wise, Acuity Brands Lighting and Lighting Controls experienced a 4.5% sales decline, while Intelligent Spaces Group saw a 15% sales increase. Operating profit margins expanded for both segments. The company repurchased $89 million worth of shares.
Acuity Brands' Board of Directors has announced a quarterly dividend of 15 cents per share.
This dividend will be payable on August 1, 2024, to shareholders who are on record as of July 18, 2024.
Acuity Brands (NYSE: AYI) will release its fiscal 2024 third quarter results on June 27, 2024, at 6:00 a.m. EST. The announcement will be followed by a conference call at 8:00 a.m. EST, led by Neil Ashe, the company's Chairman, President, and CEO. The earnings release, webcast, and supplemental presentation will be accessible through the Investor Relations section of Acuity Brands' website. Replays of the call will be available online for a time after the event.
FAQ
What is the current stock price of ACUITY INC, (AYI)?
What is the market cap of ACUITY INC, (AYI)?
