Acuity Brands reports FY2023 adj. diluted EPS up 10% to $14.05; Q4 sales down 9%

ACUITY INC. (DE)

2023-FY EPS reported $10.76 revenue$3,952,200,000

Q4 net sales $1.0B, down 9.0% YoY; reported diluted EPS $2.63, down 24.4%; adj. diluted EPS $3.97, up 1% YoY.
Full-year net sales $3.95B, down 1.3%; reported diluted EPS $10.76, down 2.9%; adj. diluted EPS $14.05, up 9.5% YoY.
ABL segment net sales down 10.5% in Q4; ISG segment net sales up 17.1% in Q4, driven by growth in intelligent spaces.
Operating cash flow for FY2023 was $578.1M, up $261.8M from prior year; repurchased ~1.6M shares for $269M.
Company recognized pre-tax charges of $35.5M in Q4 including $22.5M severance/impairment and $13M supplier warranty charge.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACUITY INC. (DE) reported fiscal full year 2023 ended August 31, 2023 results: revenue Net sales of $3.95 billion for the full year of fiscal 2023, EPS Diluted earnings per share was $10.76 for the full year of fiscal 2023.

Period: fiscal full year 2023 ended August 31, 2023
Revenue: Net sales of $3.95 billion for the full year of fiscal 2023
EPS: Diluted earnings per share was $10.76 for the full year of fiscal 2023
Result: reported results

Exact text from the filing

Net sales of $3.95 billion for the full year of fiscal 2023 decreased $53.9 million, or 1.3 percent, from $4.01 billion in the full year of fiscal 2022. Operating profit was $473.4 million for the full year of fiscal 2023, a decrease of $36.3 million compared to the prior year. Adjusted operating profit was $597.4 million for the full year of fiscal 2023, an increase of $9.3 million compared to the prior year. Diluted earnings per share was $10.76 for the full year of fiscal 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACUITY INC. (DE) reported fiscal Q4 2023 ended August 31, 2023 results: revenue Net sales of $1.0 billion, EPS Diluted earnings per share was $2.63.

Period: fiscal Q4 2023 ended August 31, 2023
Revenue: Net sales of $1.0 billion
EPS: Diluted earnings per share was $2.63
Result: reported results

Exact text from the filing

Acuity Brands, Inc. (NYSE: AYI) (the "Company"), a market-leading industrial technology company, announced net sales of $1.0 billion in the fourth quarter of fiscal 2023 ended August 31, 2023, a decrease of $99.9 million, or 9.0 percent, compared to the prior year. Diluted earnings per share was $2.63 in the fourth quarter of fiscal 2023

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ACUITY INC. (DE) filing history →

Source: SEC EDGAR

accession 0001144215-23-000082

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