ACUITY INC, Stock Price, News & Analysis

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.

Acuity Brands (AYI) announced significant achievements in its third annual EarthLIGHT Report. The company has achieved carbon neutrality in operations and aims to help customers avoid 100 million metric tons of carbon emissions by 2030 through energy-efficient technologies. Acuity introduced Acuity Anywhere, a hybrid work model, enhancing talent attraction. Governance practices have been improved with new councils and changes to compensation programs, enhancing long-term value creation.

Acuity Brands reported a strong fiscal Q4 2021, with net sales of $992.7 million, reflecting an 11.4% increase year-over-year. The company achieved a diluted EPS of $2.72, a 45.5% rise from the previous year, and an adjusted EPS of $3.27, up 39.1%. Gross profit rose to $419.3 million, representing a 42.2% margin. Operating profit increased by 25.4% to $132.8 million, demonstrating effective cost management despite rising material costs. For fiscal 2021, total sales reached $3.5 billion, a growth of 4.0%. The company repurchased approximately 3.8 million shares during the fiscal year.

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.