earnings
confidence high
sentiment neutral
materiality 0.75
Acuity Brands Q2 FY2022 net sales +17% to $909M; adjusted EPS $2.57 vs $2.12
ACUITY INC. (DE)
- Net sales $909.1M, up 17.1% YoY; diluted EPS $2.13, up 22.4% YoY.
- Adjusted diluted EPS $2.57, up 21.2% YoY; adjusted operating profit $122.6M, up 12.6%.
- Gross margin 41.7%, down 170 bps YoY due to material and freight cost inflation.
- ABL segment net sales $863.1M (+17.1%); ISG segment net sales $50.0M (+15.5%).
- Operating cash flow first-half $127.3M, down 40.1% YoY on higher working capital.