ACUITY INC, Stock Price, News & Analysis

Acuity Brands, Inc. (NYSE: AYI) announced the appointment of Sach Sankpal as Senior Vice President of Growth and Transformation. Sankpal will oversee the technology organization and lead initiatives for business integration and transformation, utilizing the company's Better.Smarter.Faster. operating system. He brings a strong background in driving operational excellence and growth from previous roles at Resideo, Trimble, and Honeywell. Sankpal holds an MBA from Dartmouth and other advanced degrees.

Acuity Brands reported strong financial results for Q2 fiscal 2022, with net sales reaching $909.1 million, a 17.1% increase from the prior year. Diluted EPS grew by 22.4% to $2.13, while net income rose to $75.3 million. Despite these gains, gross profit margin declined to 41.7%, down 170 basis points year-over-year. Operating profit increased to $102.3 million, but margins decreased due to lower gross profits. Cash flow from operating activities fell by 40.1% as the company increased working capital to manage inventory.

Acuity Brands, Inc. (NYSE: AYI) has declared a quarterly dividend of 13 cents per share, payable on May 2, 2022, to shareholders of record as of April 18, 2022. The company, a leader in industrial technology, focuses on innovative solutions in lighting and intelligent spaces, driven by a workforce of approximately 13,500 associates. Acuity Brands aims for market expansion and improved returns through technological advancements in lighting controls and building management systems.

Acuity Brands, Inc. (NYSE: AYI) will release its fiscal 2022 second-quarter earnings on April 5 at 6:00 a.m. EDT, followed by a conference call at 8:00 a.m. EDT led by CEO Neil Ashe. Investors can access the earnings release and the call via the Investor Relations section on the company’s website. The replay will be available shortly after the call. Acuity Brands, known for its innovative technology in lighting and controls, aims to increase market share and deliver superior returns through customer-focused efficiencies.

Acuity Brands, Inc. (NYSE: AYI) announced an expansion of its collaboration with Microsoft to enhance smart lighting and building automation solutions. The partnership aims to leverage Microsoft’s Cloud for Sustainability and Azure IoT to help clients significantly reduce carbon emissions, targeting an avoidance of 100 million metric tons by 2030. Acuity Brands' technology is already in use across 15 billion square feet of commercial real estate. This initiative emphasizes energy efficiency and cost savings for various facility operations, aligning with both companies' sustainability goals.

Acuity Brands reported significant financial growth for Q1 of fiscal 2022, with net sales rising 17% to $926.1 million compared to the previous year. The diluted EPS surged 57% to $2.46, showcasing the company's effective strategies amidst supply chain challenges. Operating profit increased by 34% to $115.1 million, with margins expanding by 160 basis points. Gross profit also rose by 16.1% to $385.8 million, despite a slight decrease in profit margin percentage. The company continues to prioritize customer demand while investing in long-term growth.

The Board of Directors of Acuity Brands (NYSE: AYI) announced a quarterly dividend of 13 cents per share, payable on February 1, 2022, to shareholders on record by January 20, 2022. The company specializes in industrial technology, focusing on lighting and building management systems through its two segments: Acuity Brands Lighting and the Intelligent Spaces Group. Acuity Brands aims to increase market share and boost returns by deploying capital in innovative products and services.

Acuity Brands, Inc. (NYSE: AYI) will release its fiscal 2021 first-quarter earnings results on January 7, 2022, at 6:00 a.m. EDT. A conference call will follow at 8:00 a.m. EDT, led by CEO Neil Ashe. Investors can access the earnings release and call via the Investor Relations website.

Acuity Brands specializes in technology solutions for lighting and building management, aiming for growth through innovative products and strategic capital deployment.