earnings
confidence high
sentiment positive
materiality 0.65
Acuity Brands Q2 FY2023 net sales up 3.8% to $943.6M; adj. EPS $3.06, up 19.1%
ACUITY INC. (DE)
- Net sales $943.6M (+3.8% YoY); diluted EPS $2.57 (+20.7%); adjusted diluted EPS $3.06 (+19.1%).
- ABL segment net sales $890.8M (+3.2%); ISG segment net sales $58.2M (+16.4%).
- Operating cash flow $306.4M in H1 FY2023, up $179.1M YoY on improved working capital.
- Repurchased ~0.7M shares for $124.1M during first half of fiscal 2023.