earnings
confidence high
sentiment positive
materiality 0.70
Acuity Brands reports Q3 EPS $3.28 (adj. $3.75); sales fall 5.7% but margins expand
ACUITY INC. (DE)
2024-Q3 EPS reported
$8.13
revenue$2,941,800,000
- Net sales $1.0B, down 5.7% YoY; ABL segment sales -6.7%, ISG +12.9%.
- Operating profit margin 14.3% (+80 bps YoY); adjusted operating margin 16.3% (+100 bps).
- Diluted EPS $3.28 (+6.8%); adjusted diluted EPS $3.75 (+6.5%).
- Cash from ops $471.5M (9mo), up $305.8M YoY; repurchased 1.3M shares for $219M.
- Completed acquisition of KE2 Therm during Q3.