earnings
confidence high
sentiment positive
materiality 0.75
Acuity Brands Q1 FY2022 sales up 17% to $926M; diluted EPS up 57% to $2.46
ACUITY INC. (DE)
- Net sales $926.1M (+16.9% YoY); diluted EPS $2.46 (+56.7%); adjusted diluted EPS $2.85 (+40.4%).
- Operating profit $115.1M (+34.3%); adjusted operating margin 14.4%, up 120 bps.
- ABL segment sales $883.6M (+17.3%); ISG segment sales $46.4M (+13.7%).
- Operating cash flow $83.7M, down 32.4% due to working capital build; bought back 0.3M shares for $52.8M.
- Price increases largely offset material and freight cost inflation amid supply chain challenges.