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.
Applied UV, Inc. (NASDAQ:AUVI) is set to double its size through the strategic acquisition of PURO Lighting, LLC and LED Supply Co., with a combined deal value of approximately $20 million, effective December 19, 2022. These acquisitions are expected to enhance distribution of FDA-cleared disinfection products, aiming for an estimated $18 million in additional revenue within 12 months. The company anticipates generating $45-$50 million in revenues for FY 2023, supported by potential cost synergies that could improve profitability.
Acuity Brands, Inc. (NYSE: AYI) has announced plans to release its fiscal 2023 first-quarter earnings on January 9, 2023, at 6:00 a.m. EST. The earnings call will be led by Neil Ashe, the Company's Chairman and CEO, at 8:00 a.m. EST. Investors can access the earnings release and supplemental presentation through the Investor Relations section of the Acuity Brands website. The Company continues to focus on innovative product development and market share growth across its business segments, including lighting and building management systems.
Acuity Brands (NYSE: AYI) announced its commitment to achieving Net Zero emissions by 2040, as outlined in its Fiscal Year 2022 EarthLIGHT Report. The company aims to minimize its carbon footprint by collaborating with the Science-Based Targets Initiative to establish interim targets for reducing Scope 1, 2, and 3 emissions. Significant accomplishments include plans to avoid 100 million metric tons of carbon emissions through innovative products and improvements in diversity and inclusion efforts. Acuity's focus on sustainability positions it well in a technology-driven market.
Acuity Brands, Inc. (NYSE: AYI) announced the retirement of Board members Dominic J. Pileggi and Ray M. Robinson, effective January 25, 2023. They will not seek reelection at the upcoming Annual Meeting. Chairman Neil M. Ashe expressed gratitude for their significant contributions and leadership. Pileggi joined the Board in September 2012, serving in various key roles, while Robinson has been a member since the company's founding in December 2001. Their retirements may signal a transition period for the Board as Acuity continues to innovate in lighting and building management solutions.
Included Health has announced the appointment of Michael Bender to its Board of Directors, succeeding Hill Ferguson, the former CEO of Doctor On Demand, who has stepped down as previously planned during the merger with Grand Rounds Health. Bender brings over 30 years of experience in healthcare and consumer-facing organizations, having held leadership roles at Eyemart Express and Walmart. Owen Tripp, the current CEO, expressed confidence in Bender's ability to tackle industry challenges and emphasized the company's mission to lead in integrated care delivery.
Acuity Brands reported record net sales of $1.11 billion for Q4 FY2022, a 12% increase, with diluted EPS at $3.48, up 28%. For the full year, net sales reached $4.01 billion, a 15.7% growth. Gross profit was $1.7 billion with a margin of 41.8%. Operating profit also increased to $509.7 million, a 19.2% rise. The company repurchased $512 million in shares during FY2022. Despite these results, gross profit margin slightly decreased year-over-year. Notably, net cash from operations fell by 22.6% as investments in working capital increased.
Acuity Brands, Inc. (NYSE: AYI) declared a quarterly dividend of 13 cents per share, payable on November 1, 2022, to shareholders of record on October 17, 2022. This decision reflects the company's ongoing commitment to returning value to shareholders. Acuity Brands, a leader in industrial technology, operates in two segments: Acuity Brands Lighting and Intelligent Spaces Group. The company focuses on innovation in lighting and building management systems, aiming to increase market share and deliver superior returns.
Acuity Brands, Inc. (NYSE: AYI) has expanded its Board of Directors from 11 to 12 members by electing Michael J. Bender as an Independent Director, effective September 29, 2022. Bender, who has extensive leadership experience across various industries, including retail and healthcare, will serve on the Audit and Governance Committees. His involvement is anticipated to bring valuable insights during a significant transformation phase for the company, according to Chairman Neil M. Ashe.
Acuity Brands, Inc. (NYSE: AYI) will release its fiscal 2022 fourth-quarter and full-year earnings results on October 4, 2022, at 6:00 a.m. (EDT). This will be followed by a conference call led by CEO Neil Ashe at 8:00 a.m. (EDT). Interested parties can access the earnings release and supplemental presentation via the Investor Relations section of the website post-release. Acuity Brands is a leader in industrial technology, focusing on innovative lighting solutions and building management systems to enhance customer experience and operational efficiency.
Acuity Brands, Inc. (NYSE: AYI) announced the appointment of Philippe Brzusczak as Senior Vice President of Corporate Development and Strategy. He will focus on evaluating mergers and acquisitions, assessing the competitive landscape, and fostering strategic relationships. With a strong background in corporate finance and M&A, including over $20B in transactions at J.P. Morgan, Brzusczak aims to enhance the company’s growth strategy. Acuity Brands operates two segments, lighting solutions and intelligent spaces, employing about 13,500 associates globally.