earnings
confidence high
sentiment positive
materiality 0.80
Acuity Brands Q3 net sales up 15.9% to $899.7M; adj. EPS $2.77 (+42.8%); closes OSRAM deal
ACUITY INC. (DE)
- Net sales $899.7M, up 15.9% YoY; gross margin expanded 80bps to 43.0%.
- Diluted EPS $2.37 (+55.9%); adjusted diluted EPS $2.77 (+42.8% vs $1.94).
- ABL segment sales $850M (+14.6%); ISG segment sales $55.4M (+46.9% YoY).
- Closed acquisition of ams OSRAM's North American Digital Systems business on July 1, 2021.
- Repurchased 3.3M shares for $340.9M in 9 months; share count down ~10% since May 2020.