Core Insights - Acuity reported revenue of $1.21 billion for the quarter ended August 2025, reflecting a year-over-year increase of 17.1% and an EPS of $5.20, up from $4.30 in the previous year [1] - The revenue matched the Zacks Consensus Estimate, while the EPS exceeded expectations by 10.64% [1] Financial Performance - Acuity's net sales by channel for Acuity Intelligent Spaces reached $255.2 million, which is a 204.2% increase year-over-year but fell short of the average estimate of $261.99 million [4] - Acuity Brands Lighting (ABL) reported total net sales of $962.4 million, slightly above the average estimate of $958.18 million, marking a year-over-year change of 0.8% [4] - Adjusted operating profit for Acuity Intelligent Spaces was $54.6 million, surpassing the average estimate of $45.89 million [4] - Adjusted operating profit for Acuity Brands Lighting was $193.6 million, exceeding the average estimate of $172.54 million [4] Market Performance - Acuity's shares have returned +3.3% over the past month, compared to a +3.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Insights - U.S. stocks experienced a decline, with the Dow Jones index dropping over 100 points on Wednesday [1] - Acuity Inc. reported better-than-expected fourth-quarter earnings, with an adjusted EPS of $5.20, surpassing the analyst consensus estimate of $4.84 [1] - Acuity's quarterly net sales grew by 17.1% year-over-year to $1.21 billion, slightly below the analyst consensus estimate of $1.23 billion [1] - Acuity's shares increased by 5.3% to $362.54 following the earnings report [1] Company Performance Highlights - Lithium Americas Corp. shares surged by 17.5% to $6.72 after an agreement with GM and the U.S. Department of Energy regarding its DOE loan [4] - Rezolve AI PLC's shares rose by 15.8% to $5.77 after raising its 2025 revenue target to $150 million ARR and setting a $500 million goal for 2026 [4] - The AES Corporation's shares increased by 14.2% to $15.02 amid reports of BlackRock's Global Infrastructure Partners nearing an acquisition [4] - Sunrun Inc. gained 12.7% to $19.49 after Jefferies upgraded the stock from Hold to Buy and raised its price target from $11 to $21 [4] - Plug Power Inc. shares rose by 12.7% to $2.63 following the delivery of its first 10-megawatt GenEco™ electrolyzer array to Galp [4] - Hycroft Mining Holding Corporation's shares jumped by 10.7% to $6.87 [4] - United States Antimony Corporation shares gained 10.3% to $6.87 [4] - Upexi, Inc. increased by 9.7% to $6.33 [4] - Fluence Energy, Inc. rose by 8.3% to $11.70 [4] - Intellia Therapeutics, Inc. shares increased by 8.1% to $18.67 [4] - Standard Lithium Ltd. shares gained 8.1% to $3.6442 [4] - Zeta Global Holdings Corp. rose by 7.4% to $21.34, announcing plans to acquire Marigold's Enterprise business for up to $325 million [4] - Regeneron Pharmaceuticals, Inc. gained 5.6% to $593.71, with third quarter 2025 financial results set to be reported on Oct. 28 [4]

Financial Data and Key Metrics Changes - In fiscal 2025, the company generated net sales of $1.2 billion in Q4, which was $177 million, or 17% above the prior year [16] - Adjusted operating profit for the quarter was $225 million, up $47 million, or 26% from last year [16] - Adjusted diluted earnings per share increased to $5.20, which was an increase of $0.90, or 21% over the prior year [18] Business Line Data and Key Metrics Changes - Acuity Brands Lighting (ABL) delivered sales of $962 million, an increase of $7 million, or 1% versus the prior year [18] - Adjusted operating profit for ABL increased by $22 million to $194 million, with an adjusted operating profit margin of 20.1%, up 210 basis points compared to the prior year [18] - Acuity Intelligent Spaces (AIS) sales for Q4 were $255 million, an increase of $171 million [19] Market Data and Key Metrics Changes - The independent sales network for ABL grew by $25 million, or 4%, while corporate accounts and direct sales network experienced declines [18] - Atrius and Distech combined grew approximately 13%, while QSC grew approximately 15% year-over-year [19] Company Strategy and Development Direction - The company is focused on organic investments for future growth, particularly in underpenetrated verticals such as healthcare [8] - The strategy includes leveraging technology to create impactful experiences and improve productivity [12] - The company aims to grow with the market, take share, and enter new verticals while expanding margins [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver results despite a tepid economic environment, emphasizing a clear growth algorithm [41] - The company does not expect significant market improvement in the near term but remains focused on maintaining performance [41] - For fiscal 2026, the expectation is net sales will be within the range of $4.7 billion to $4.9 billion, with adjusted diluted EPS between $19 and $20.50 [22] Other Important Information - The company has made significant changes to its supply chain to mitigate tariff impacts, reducing exposure to China significantly [54] - A non-cash charge of approximately $31 million was recognized due to de-risking pension plans [17] - The company increased its dividend by 13% and repurchased approximately 436,000 shares at an average price of around $270 [21] Q&A Session Summary Question: Integration of QSC and M&A pipeline - Management is pleased with the integration of QSC and has a consistent pipeline of potential acquisitions to expand the portfolio [25] Question: ABL's sequential ramp and market conditions - Management indicated that ABL's performance is strong and aligned with expectations despite some softness in corporate accounts [27] Question: Key milestones for AIS integration - Management highlighted ongoing organic development and the combination of products from QSC, Distech, and Atrius as key milestones [32] Question: Pricing strategy in ABL - Management noted that pricing actions have been strategic, with increases in the low to mid-single digits to offset tariff impacts [33] Question: Market demand and economic stability - Management does not expect significant improvement in market conditions and emphasizes the company's ability to perform in a challenging environment [41] Question: QSC margins and future expectations - Management is optimistic about QSC's margin expansion and expects continued growth in AIS [52] Question: Cost actions and sourcing changes - Management detailed significant reductions in sourcing from China and ongoing productivity efforts to manage costs [55] Question: Inventory levels and normalization - Management explained that elevated inventory levels are due to higher costs from tariffs and proactive inventory management [82]

Financial Data and Key Metrics Changes - In fiscal 2025, the company generated net sales of $1.2 billion in Q4, which was $177 million, or 17% above the prior year [16] - Adjusted operating profit for the quarter was $225 million, up $47 million, or 26% from last year [16] - Adjusted diluted earnings per share increased to $5.20, which was an increase of $0.90, or 21% over the prior year [18] Business Line Data and Key Metrics Changes - Acuity Brands Lighting (ABL) delivered sales of $962 million, an increase of $7 million, or 1% versus the prior year [18] - Adjusted operating profit for ABL increased by $22 million to $194 million, with an adjusted operating profit margin of 20.1%, up 210 basis points compared to the prior year [18] - Acuity Intelligent Spaces (AIS) sales for Q4 were $255 million, an increase of $171 million [19] Market Data and Key Metrics Changes - The independent sales network for ABL grew by $25 million, or 4%, while corporate accounts and direct sales network experienced declines [18] - Atrius and Distech combined grew approximately 13%, while QSC grew approximately 15% year over year [19] Company Strategy and Development Direction - The company is focused on organic investments for future growth, particularly in underpenetrated verticals such as healthcare [7] - The acquisition of QSC has expanded the geographic footprint of the AIS business, enhancing multinational expansion [10] - The company aims to grow with the market, take share, and enter new verticals while continuing to expand margins [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver results despite a tepid economic environment, emphasizing a clear growth algorithm [35] - The expectation for fiscal 2026 is net sales within the range of $4.7 billion and $4.9 billion, with adjusted diluted EPS between $19 and $20.50 [21] - Management noted that they are not modeling expectations of improvement in the economic context for the lighting market [35] Other Important Information - The company has made significant changes to its supply chain to mitigate tariff impacts, reducing exposure to China significantly [46] - The company generated $601 million of cash flow from operations during the fiscal year, which was $18 million lower than last year [19] - A dividend increase of 13% was announced, along with a share repurchase of approximately 436,000 shares [20] Q&A Session Summary Question: Integration of QSC and M&A pipeline - Management is pleased with the integration of QSC and has a consistent pipeline of potential acquisitions to expand the Intelligent Spaces portfolio [24] Question: ABL performance and market conditions - ABL's performance is strong, and management believes they have outperformed the industry despite some softness in corporate accounts [26] Question: AIS integration and milestones - Key milestones include organic development of each business and the commingling of products to deliver unique experiences [31] Question: Guidance on ABL pricing and margins - Pricing actions have been strategic, with increases in the low to mid-single digits to offset tariff impacts [32] Question: Market demand and economic stability - Management does not expect significant improvement in market conditions and emphasizes their ability to perform in a challenging environment [35] Question: QSC margins and growth - QSC has shown strong performance and margin improvement, with expectations for continued growth and margin expansion [44] Question: Tariff impacts and sourcing strategies - The company has significantly reduced its sourcing from China and is dynamically managing its supply chain to mitigate tariff impacts [46] Question: Inventory levels and absorption benefits - Elevated inventory levels are due to higher costs from tariffs and proactive inventory management to mitigate future costs [65]

Core Insights - Acuity reported fiscal fourth-quarter 2025 results with net sales of $1.21 billion, a 17.1% year-over-year growth, but missed the analyst consensus estimate of $1.23 billion [1] - Adjusted EPS was $5.20, exceeding the analyst consensus estimate of $4.84 [1] Sales Performance - Acuity Intelligent Spaces (AIS) segment saw significant growth, reaching $255.2 million, a 204.2% increase from the previous year [2] - Acuity Brands Lighting (ABL) contributed $962.4 million, reflecting a 0.8% year-over-year rise [2] Profitability Metrics - Operating margin decreased by 30 basis points to 14.9%, despite a 15.0% growth in operating profit [2] - Consolidated adjusted operating margin increased by 130 basis points to 18.6% [3] - ABL's adjusted operating margin improved by 210 basis points to 20.1%, while AIS' margin decreased by 420 basis points to 21.4% [3] Cash Flow and Financial Position - The company generated $202.5 million in operating cash flow for the quarter [3] - Cash and equivalents stood at $422.5 million as of August 31, 2025, down from $845.8 million a year prior [3] - Adjusted EBITDA rose to $240.7 million from $191.3 million a year ago, with a margin expansion of 140 basis points to 19.9% [3] Strategic Actions - During fiscal 2025, Acuity completed the acquisition of QSC and M3 Innovation [4] - The company increased its dividend by 13% to 17 cents per share and repurchased approximately 436,000 shares for a total of $118.5 million [4] - Acuity repaid $200 million of term-loan borrowings [4] Market Performance - Acuity's stock gained 18% year-to-date, outperforming the S&P 500 index's 14% returns, driven by the strong performance of the AIS segment [5] - Despite strong performance, the stock has missed topline analyst consensus in at least three of the last four quarters [6]

Core Viewpoint - Acuity (AYI) reported quarterly earnings of $5.2 per share, exceeding the Zacks Consensus Estimate of $4.7 per share, and showing an increase from $4.3 per share a year ago, indicating a strong performance in the current quarter [1][2] Financial Performance - The company achieved revenues of $1.21 billion for the quarter ended August 2025, which was slightly below the Zacks Consensus Estimate by 0.27%, but an increase from $1.03 billion year-over-year [2] - Acuity has surpassed consensus EPS estimates in all four of the last quarters, while it has only topped revenue estimates once during the same period [2] Stock Performance - Acuity shares have increased approximately 17.9% since the beginning of the year, outperforming the S&P 500's gain of 13.7% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for continued outperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.51, with expected revenues of $1.14 billion, and for the current fiscal year, the EPS estimate is $19.08 on revenues of $4.76 billion [7] - The trend of estimate revisions for Acuity was favorable ahead of the earnings release, suggesting potential positive adjustments in the future [6] Industry Context - The Technology Services industry, to which Acuity belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable environment for stock performance [8]

BMS Software Suite FISCAL 2025 FOURTH-QUARTER AND FULL-YEAR RESULTS OCTOBER 1, 2025 FORWARD LOOKING STATEMENTS This presentation and related conference call and webcast contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include, but are not limit ...

[Executive Summary & Financial Highlights](index=1&type=section&id=1.%20Executive%20Summary%20%26%20Financial%20Highlights) [Fiscal Q4 2025 Performance Overview](index=1&type=section&id=1.1.%20Fiscal%20Q4%202025%20Performance%20Overview) Acuity Inc. reported strong Q4 FY2025 net sales and adjusted profit growth, with **GAAP EPS** declining due to special items | Metric | Q4 FY2025 | Q4 FY2024 | Change | % Change | | :-------------------------- | :-------- | :-------- | :------- | :------- | | Net Sales | $1.2 billion | $1.0323 billion | $176.8 million | 17.1 % | | Operating Profit (GAAP) | $180.6 million | $157.0 million | $23.6 million | 15.0 % | | Operating Profit Margin (GAAP) | 14.9 % | 15.2 % | (30) bps | | | Adjusted Operating Profit | $225.3 million | $178.5 million | $46.8 million | 26.2 % | | Adjusted Operating Profit Margin | 18.6 % | 17.3 % | 130 bps | | | Diluted EPS (GAAP) | $3.61 | $3.77 | $(0.16) | (4.2)% | | Adjusted Diluted EPS | $5.20 | $4.30 | $0.90 | 20.9 % | - Incurred a **non-cash pension-settlement charge** of **$30.9 million** and recognized a **one-time tax benefit** of **$8.2 million** during the fourth quarter[4](index=4&type=chunk) [Fiscal Full-Year 2025 Performance Overview](index=2&type=section&id=1.2.%20Fiscal%20Full-Year%202025%20Performance%20Overview) Acuity Inc. achieved substantial FY2025 net sales and adjusted profit growth, despite a **GAAP EPS** decline | Metric | FY2025 | FY2024 | Change | % Change | | :-------------------------- | :------- | :------- | :------- | :------- | | Net Sales | $4.3 billion | $3.8 billion | $504.6 million | 13.1 % | | Operating Profit (GAAP) | $563.9 million | $553.3 million | $10.6 million | 1.9 % | | Operating Profit Margin (GAAP) | 13.0 % | 14.4 % | (140) bps | | | Adjusted Operating Profit | $768.6 million | $639.6 million | $129.0 million | 20.2 % | | Adjusted Operating Profit Margin | 17.7 % | 16.7 % | 100 bps | | | Diluted EPS (GAAP) | $12.53 | $13.44 | $(0.91) | (6.8)% | | Adjusted Diluted EPS | $18.01 | $15.56 | $2.45 | 15.7 % | - Generated **$601 million** in cash flow from operations in Fiscal 2025[3](index=3&type=chunk) [Segment Performance Analysis](index=2&type=section&id=2.%20Segment%20Performance%20Analysis) [Acuity Brands Lighting (ABL)](index=2&type=section&id=2.1.%20Acuity%20Brands%20Lighting%20(ABL)) ABL reported modest Q4 and FY2025 net sales growth, improving **GAAP** and **adjusted operating profit** margins [ABL Fourth-Quarter Results](index=2&type=section&id=2.1.1.%20ABL%20Fourth-Quarter%20Results) | Metric | Q4 FY2025 | Q4 FY2024 | Change | % Change | | :-------------------------- | :-------- | :-------- | :------- | :------- | | Net Sales | $962.4 million | $955.0 million | $7.4 million | 0.8 % | | Operating Profit (GAAP) | $183.0 million | $161.5 million | $21.5 million | 13.3 % | | Operating Profit Margin (GAAP) | 19.0 % | 16.9 % | 210 bps | | | Adjusted Operating Profit | $193.6 million | $171.9 million | $21.7 million | 12.6 % | | Adjusted Operating Profit Margin | 20.1 % | 18.0 % | 210 bps | | [ABL Full-Year Results](index=3&type=section&id=2.1.2.%20ABL%20Full-Year%20Results) | Metric | FY2025 | FY2024 | Change | % Change | | :-------------------------- | :------- | :------- | :------- | :------- | | Net Sales | $3.6 billion | $3.5734 billion | $38.8 million | 1.1 % | | Operating Profit (GAAP) | $590.6 million | $582.8 million | $7.8 million | 1.3 % | | Operating Profit Margin (GAAP) | 16.4 % | 16.3 % | 10 bps | | | Adjusted Operating Profit | $662.3 million | $624.2 million | $38.1 million | 6.1 % | | Adjusted Operating Profit Margin | 18.3 % | 17.5 % | 80 bps | | [Acuity Intelligent Spaces (AIS)](index=3&type=section&id=2.2.%20Acuity%20Intelligent%20Spaces%20(AIS)) AIS showed exceptional Q4 and FY2025 growth, with net sales doubling and substantial profit increases [AIS Fourth-Quarter Results](index=3&type=section&id=2.2.1.%20AIS%20Fourth-Quarter%20Results) | Metric | Q4 FY2025 | Q4 FY2024 | Change | % Change | | :-------------------------- | :-------- | :-------- | :------- | :------- | | Net Sales | $255.2 million | $83.9 million | $171.3 million | 204.2 % | | Operating Profit (GAAP) | $28.0 million | $16.7 million | $11.3 million | 67.7 % | | Operating Profit Margin (GAAP) | 11.0 % | 19.9 % | (890) bps | | | Adjusted Operating Profit | $54.6 million | $21.5 million | $33.1 million | 154.0 % | | Adjusted Operating Profit Margin | 21.4 % | 25.6 % | (420) bps | | [AIS Full-Year Results](index=3&type=section&id=2.2.2.%20AIS%20Full-Year%20Results) | Metric | FY2025 | FY2024 | Change | % Change | | :-------------------------- | :------- | :------- | :------- | :------- |\n| Net Sales | $764.3 million | $291.9 million | $472.4 million | 161.8 % | | Operating Profit (GAAP) | $76.1 million | $43.6 million | $32.5 million | 74.5 % | | Operating Profit Margin (GAAP) | 10.0 % | 14.9 % | (490) bps | | | Adjusted Operating Profit | $164.3 million | $63.4 million | $100.9 million | 159.1 % | | Adjusted Operating Profit Margin | 21.5 % | 21.7 % | (20) bps | | [Consolidated Financial Statements](index=7&type=section&id=3.%20Consolidated%20Financial%20Statements) [Condensed Consolidated Balance Sheets](index=7&type=section&id=3.1.%20Condensed%20Consolidated%20Balance%20Sheets) Total assets increased, driven by long-term assets, with corresponding increases in liabilities and equity | ASSETS (in millions) | Aug 31, 2025 | Aug 31, 2024 | Change | | :-------------------------------- | :----------- | :----------- | :----- | | Cash and cash equivalents | $422.5 | $845.8 | $(423.3) | | Accounts receivable, net | $593.9 | $563.0 | $30.9 | | Inventories | $526.7 | $387.6 | $139.1 | | Prepayments and other current assets | $108.4 | $75.1 | $33.3 | | **Total current assets** | **$1,651.5** | **$1,871.5** | **$(220.0)** | | Property, plant, and equipment, net | $343.2 | $303.9 | $39.3 | | Other long-term assets | $2,760.5 | $1,639.2 | $1,121.3 | | **Total assets** | **$4,755.2** | **$3,814.6** | **$940.6** | | LIABILITIES AND STOCKHOLDERS' EQUITY (in millions) | | | | | Accounts payable | $454.5 | $352.3 | $102.2 | | Other current liabilities | $391.3 | $335.6 | $55.7 | | **Total current liabilities** | **$845.8** | **$687.9** | **$157.9** | | Long-term debt | $896.8 | $496.2 | $400.6 | | Other long-term liabilities | $287.7 | $251.7 | $36.0 | | Total stockholders' equity | $2,724.9 | $2,378.8 | $346.1 | | **Total liabilities and stockholders' equity** | **$4,755.2** | **$3,814.6** | **$940.6** | [Condensed Statements of Income](index=8&type=section&id=3.2.%20Condensed%20Statements%20of%20Income) FY2025 net sales and gross profit rose, but net income fell due to higher expenses and special charges | (In millions, except per-share data) | Q4 FY2025 | Q4 FY2024 | FY2025 | FY2024 | | :--------------------------------- | :-------- | :-------- | :----- | :----- | | Net sales | $1,209.1 | $1,032.3 | $4,345.6 | $3,841.0 | | Cost of products sold | $618.1 | $543.6 | $2,267.1 | $2,059.3 | | Gross profit | $591.0 | $488.7 | $2,078.5 | $1,781.7 | | Selling, distribution, and administrative expenses | $410.4 | $331.7 | $1,484.9 | $1,228.4 | | Special charges | — | — | $29.7 | — | | Operating profit | $180.6 | $157.0 | $563.9 | $553.3 | | Other expense: Interest expense (income), net | $7.0 | $(3.5) | $22.0 | $(4.5) | | Other expense: Miscellaneous expense, net | $35.9 | $8.0 | $41.7 | $9.2 | | Total other expense | $42.9 | $4.5 | $63.7 | $4.7 | | Income before income taxes | $137.7 | $152.5 | $500.2 | $548.6 | | Income tax expense | $23.7 | $33.6 | $103.6 | $126.0 | | Net income | $114.0 | $118.9 | $396.6 | $422.6 | | Diluted earnings per share | $3.61 | $3.77 | $12.53 | $13.44 | | Dividends declared per share | $0.17 | $0.15 | $0.66 | $0.58 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=3.3.%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) FY2025 net cash from operations decreased, investing activities rose due to acquisitions, and financing shifted | (In millions) | FY2025 | FY2024 | | :------------------------------------------ | :----- | :----- | | Net cash provided by operating activities | $601.4 | $619.2 | | Net cash used for investing activities | $(1,280.7) | $(65.1) | | Net cash provided by (used for) financing activities | $255.4 | $(104.5) | | Net change in cash and cash equivalents | $(423.3) | $447.9 | | Cash and cash equivalents at end of year | $422.5 | $845.8 | - Capital allocation activities included closing the QSC acquisition, acquiring M3 Innovation, increasing the dividend by **13%** to **$0.17** per share, repurchasing approximately **$118.5 million** of common stock, and repaying **$200.0 million** of term-loan borrowings[17](index=17&type=chunk) [Disaggregated Net Sales by Channel](index=10&type=section&id=4.%20Disaggregated%20Net%20Sales%20by%20Channel) AIS drove Q4 and FY2025 net sales growth with triple-digit increases; ABL channels showed mixed modest growth | Net Sales by Channel (in millions) | Q4 FY2025 | Q4 FY2024 | Increase (Decrease) | Percent Change | | :--------------------------------- | :-------- | :-------- | :------------------ | :------------- | | **Acuity Brands Lighting:** | | | | | | Independent sales network | $702.4 | $677.1 | $25.3 | 3.7 % | | Direct sales network | $105.3 | $109.6 | $(4.3) | (3.9)% | | Retail sales | $43.4 | $42.6 | $0.8 | 1.9 % | | Corporate accounts | $52.9 | $65.8 | $(12.9) | (19.6)% | | Original equipment manufacturer and other | $58.4 | $59.9 | $(1.5) | (2.5)% | | **Total Acuity Brands Lighting** | **$962.4** | **$955.0** | **$7.4** | **0.8 %** | | **Acuity Intelligent Spaces** | **$255.2** | **$83.9** | **$171.3** | **204.2 %** | | Eliminations | $(8.5) | $(6.6) | $(1.9) | 28.8 % | | **Total** | **$1,209.1** | **$1,032.3** | **$176.8** | **17.1 %** | | Net Sales by Channel (in millions) | FY2025 | FY2024 | Increase (Decrease) | Percent Change | | :--------------------------------- | :----- | :----- | :------------------ | :------------- | | **Acuity Brands Lighting:** | | | | | | Independent sales network | $2,646.8 | $2,551.7 | $95.1 | 3.7 % | | Direct sales network | $411.4 | $397.0 | $14.4 | 3.6 % | | Retail sales | $170.7 | $190.3 | $(19.6) | (10.3)% | | Corporate accounts | $156.7 | $205.9 | $(49.2) | (23.9)% | | Original equipment manufacturer and other | $226.6 | $228.5 | $(1.9) | (0.8)% | | **Total Acuity Brands Lighting** | **$3,612.2** | **$3,573.4** | **$38.8** | **1.1 %** | | **Acuity Intelligent Spaces** | **$764.3** | **$291.9** | **$472.4** | **161.8 %** | | Eliminations | $(30.9) | $(24.3) | $(6.6) | 27.2 % | | **Total** | **$4,345.6** | **$3,841.0** | **$504.6** | **13.1 %** | [Non-GAAP Financial Measures & Reconciliations](index=4&type=section&id=5.%20Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) [Non-GAAP Measures Explanation](index=4&type=section&id=5.1.%20Non-GAAP%20Measures%20Explanation) Acuity Inc. uses non-GAAP measures (**adjusted profit**, **EPS**, **FCF**) to clarify performance, excluding specific items - Non-GAAP financial measures include **adjusted gross profit**/margin, **adjusted operating profit**/margin, **adjusted net income**, **adjusted diluted EPS**, **EBITDA**/margin, and **adjusted EBITDA**/margin[23](index=23&type=chunk) - Adjustments typically exclude amortization of acquired intangible assets, share-based payment expense, acquired profit in inventory, and acquisition-related items[23](index=23&type=chunk) - **Free cash flow (FCF)** is defined as **net cash provided by operating activities** less **purchases of property, plant, and equipment**[24](index=24&type=chunk)[27](index=27&type=chunk) - These measures are used for internal performance reviews, comparative operational analysis, and decision-making, aiming for greater comparability with peers, especially technology and software companies. They should be considered in addition to, not as a substitute for, **GAAP results**[25](index=25&type=chunk)[28](index=28&type=chunk) [Company-wide Reconciliation (Q4 Fiscal 2025)](index=11&type=section&id=5.2.%20Company-wide%20Reconciliation%20(Q4%20Fiscal%202025)) This section reconciles **GAAP** to non-GAAP Q4 FY2025 financial measures, detailing adjustments for special items | (In millions except per share data) | Q4 FY2025 | Q4 FY2024 | Increase (Decrease) | Percent Change | | :---------------------------------- | :-------- | :-------- | :------------------ | :------------- | | Operating profit (GAAP) | $180.6 | $157.0 | $23.6 | 15.0 % | | Adjusted operating profit (Non-GAAP) | $225.3 | $178.5 | $46.8 | 26.2 % | | Net income (GAAP) | $114.0 | $118.9 | $(4.9) | (4.1)% | | Adjusted net income (Non-GAAP) | $164.0 | $135.5 | $28.5 | 21.0 % | | Diluted earnings per share (GAAP) | $3.61 | $3.77 | $(0.16) | (4.2)% | | Adjusted diluted earnings per share (Non-GAAP) | $5.20 | $4.30 | $0.90 | 20.9 % | | EBITDA (Non-GAAP) | $191.1 | $171.6 | $19.5 | 11.4 % | | Adjusted EBITDA (Non-GAAP) | $240.7 | $191.3 | $49.4 | 25.8 % | [Segment Reconciliation (Q4 Fiscal 2025)](index=12&type=section&id=5.3.%20Segment%20Reconciliation%20(Q4%20Fiscal%202025)) This section reconciles **GAAP** to non-GAAP operating and gross profit for ABL and AIS in Q4 FY2025 | (In millions) | ABL Q4 FY2025 | ABL Q4 FY2024 | Increase (Decrease) | Percent Change | | :-------------------------- | :------------- | :------------- | :------------------ | :------------- | | Operating profit (GAAP) | $183.0 | $161.5 | $21.5 | 13.3 % | | Adjusted operating profit (Non-GAAP) | $193.6 | $171.9 | $21.7 | 12.6 % | | (In millions) | AIS Q4 FY2025 | AIS Q4 FY2024 | Increase (Decrease) | Percent Change | | :-------------------------- | :------------- | :------------- | :------------------ | :------------- | | Operating profit (GAAP) | $28.0 | $16.7 | $11.3 | 67.7 % | | Adjusted operating profit (Non-GAAP) | $54.6 | $21.5 | $33.1 | 154.0 % | [Company-wide Reconciliation (Full-Year Fiscal 2025)](index=13&type=section&id=5.4.%20Company-wide%20Reconciliation%20(Full-Year%20Fiscal%202025)) This section reconciles **GAAP** to non-GAAP FY2025 financial measures, detailing various adjustments | (In millions, except per share data) | FY2025 | FY2024 | Increase (Decrease) | Percent Change | | :----------------------------------- | :----- | :----- | :------------------ | :------------- | | Gross profit (GAAP) | $2,078.5 | $1,781.7 | $296.8 | 16.7 % | | Adjusted gross profit (Non-GAAP) | $2,108.1 | $1,781.7 | $326.4 | 18.3 % | | Operating profit (GAAP) | $563.9 | $553.3 | $10.6 | 1.9 % | | Adjusted operating profit (Non-GAAP) | $768.6 | $639.6 | $129.0 | 20.2 % | | Net income (GAAP) | $396.6 | $422.6 | $(26.0) | (6.2)% | | Adjusted net income (Non-GAAP) | $569.8 | $489.1 | $80.7 | 16.5 % | | Diluted earnings per share (GAAP) | $12.53 | $13.44 | $(0.91) | (6.8)% | | Adjusted diluted earnings per share (Non-GAAP) | $18.01 | $15.56 | $2.45 | 15.7 % | | EBITDA (Non-GAAP) | $655.3 | $635.2 | $20.1 | 3.2 % | | Adjusted EBITDA (Non-GAAP) | $825.2 | $691.0 | $134.2 | 19.4 % | [Segment Reconciliation (Full-Year Fiscal 2025)](index=14&type=section&id=5.5.%20Segment%20Reconciliation%20(Full-Year%20Fiscal%202025)) This section reconciles **GAAP** to non-GAAP FY2025 gross and operating profit for ABL and AIS | (In millions) | ABL FY2025 | ABL FY2024 | Increase (Decrease) | Percent Change | | :-------------------------- | :--------- | :--------- | :------------------ | :------------- | | Gross profit (GAAP) | $1,654.5 | $1,612.5 | $42.0 | 2.6 % | | Operating profit (GAAP) | $590.6 | $582.8 | $7.8 | 1.3 % | | Adjusted operating profit (Non-GAAP) | $662.3 | $624.2 | $38.1 | 6.1 % | | (In millions) | AIS FY2025 | AIS FY2024 | Increase (Decrease) | Percent Change | | :-------------------------- | :--------- | :--------- | :------------------ | :------------- | | Gross profit (GAAP) | $424.0 | $169.2 | $254.8 | 150.6 % | | Adjusted gross profit (Non-GAAP) | $453.6 | $169.2 | $284.4 | 168.1 % | | Operating profit (GAAP) | $76.1 | $43.6 | $32.5 | 74.5 % | | Adjusted operating profit (Non-GAAP) | $164.3 | $63.4 | $100.9 | 159.1 % | [Free Cash Flow Reconciliation (Full-Year Fiscal 2025)](index=14&type=section&id=5.6.%20Free%20Cash%20Flow%20Reconciliation%20(Full-Year%20Fiscal%202025)) **Free cash flow** for FY2025 decreased slightly, primarily due to lower **net cash provided by operating activities** | (In millions) | FY2025 | FY2024 | Increase (Decrease) | Percent Change | | :------------------------------------------ | :----- | :----- | :------------------ | :------------- | | Net cash provided by operating activities (GAAP) | $601.4 | $619.2 | $(17.8) | (2.9)% | | Less: Purchases of property, plant, and equipment | $(68.4) | $(64.0) | | | | **Free cash flow (Non-GAAP)** | **$533.0** | **$555.2** | **$(22.2)** | **(4.0)%** | [Company Information & Legal Disclosures](index=4&type=section&id=6.%20Company%20Information%20%26%20Legal%20Disclosures) [About Acuity Inc.](index=4&type=section&id=6.1.%20About%20Acuity%20Inc.) Acuity Inc. is a market-leading industrial technology company focused on solving problems in spaces and light - Acuity Inc. is a market-leading industrial technology company that uses technology to solve problems in spaces, light, and more[20](index=20&type=chunk) - Operates through two business segments: Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS)[20](index=20&type=chunk) - Strategy focuses on developing innovative new products and services, customer outcomes, driving growth and productivity to increase market share, delivering superior returns, and aggressively deploying capital[21](index=21&type=chunk) - Headquartered in Atlanta, Georgia, with operations across North America, Europe, and Asia, powered by approximately **13,000** associates[22](index=22&type=chunk) [Form 10-K Filing Status](index=4&type=section&id=6.2.%20Form%2010-K%20Filing%20Status) The financial results in this earnings release are preliminary, pending audit completion and Form 10-K filing - Financial results reported in this earnings release are preliminary[18](index=18&type=chunk) - The independent registered public accounting firm's audit report will be issued upon the filing of the annual report on Form 10-K[18](index=18&type=chunk) [Investor Conference Call Details](index=4&type=section&id=6.3.%20Investor%20Conference%20Call%20Details) Acuity Inc. hosted a conference call on October 1, 2025, to discuss results, available on its Investor Relations website - A conference call was hosted on October 1, 2025, at **8:00 a.m. (ET)** by Neil Ashe, Chairman, President and CEO[19](index=19&type=chunk) - The conference call and earnings release are accessible via the Investor Relations section of www.investors.acuityinc.com, with a replay available for a limited time[19](index=19&type=chunk) [Forward-Looking Information Disclaimer](index=5&type=section&id=6.4.%20Forward-Looking%20Information%20Disclaimer) This press release contains forward-looking statements subject to risks, and actual results may differ materially - This press release contains "forward-looking statements" under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995[29](index=29&type=chunk) - Forward-looking statements describe plans, initiatives, projections, expectations, and financial outlook, identified by words like "expect," "believe," "intend," etc[29](index=29&type=chunk)[30](index=30&type=chunk) - These statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially[30](index=30&type=chunk) - Readers are cautioned not to place undue reliance on forward-looking statements, and the company undertakes no obligation to publicly update or revise them[30](index=30&type=chunk)

Core Viewpoint - Acuity Inc. reported strong financial performance in the fourth quarter of fiscal 2025, with significant increases in net sales and adjusted operating profit, demonstrating the company's ability to deliver growth and create shareholder value [1][2][9]. Financial Performance - Net sales for Q4 fiscal 2025 reached $1.2 billion, an increase of $176.8 million, or 17.1% compared to the previous year [1][9]. - Operating profit for Q4 was $180.6 million, up $23.6 million from the prior year, with an operating profit margin of 14.9%, a decrease of approximately 30 basis points [2][9]. - Adjusted operating profit was $225.3 million, an increase of $46.8 million, with an adjusted operating profit margin of 18.6%, an increase of approximately 130 basis points [2][9]. Earnings Per Share - Diluted earnings per share (EPS) for Q4 was $3.61, down $0.16 or 4.2% from the previous year, while adjusted diluted EPS was $5.20, an increase of $0.90 or 20.9% [4][9]. Full-Year Summary - For the full year of fiscal 2025, net sales totaled $4.3 billion, an increase of $504.6 million or 13.1% from $3.8 billion in fiscal 2024 [5][9]. - Operating profit for the full year was $563.9 million, an increase of $10.6 million, with an operating profit margin of 13.0%, a decrease of approximately 140 basis points [6][9]. - Adjusted diluted EPS for the full year was $18.01, an increase of $2.45 or 15.7% from $15.56 in the prior year [7][9]. Segment Performance - Acuity Brands Lighting (ABL) generated net sales of $962.4 million in Q4, an increase of $7.4 million or 0.8% compared to the prior year [8][10]. - Acuity Intelligent Spaces (AIS) reported net sales of $255.2 million in Q4, a significant increase of $171.3 million or 204.2% compared to the previous year [13][14]. Cash Flow and Capital Allocation - The company generated $601 million in cash flow from operations for fiscal 2025, a decrease of $17.8 million compared to the prior year [9][17]. - Acuity Inc. increased its dividend by 13% to $0.17 per share and repurchased approximately 436,000 shares of common stock for about $118.5 million [17][9].

Market Sentiment - The CNN Money Fear and Greed index improved to a reading of 52.7, remaining in the "Neutral" zone, up from 51.3 [5] - U.S. stocks showed positive performance with the Nasdaq Composite gaining approximately 0.3% and the Dow Jones reaching a new closing high [1][3] Economic Indicators - Major indices saw gains in September, with the S&P 500 increasing over 3%, the Dow rising nearly 2%, and the Nasdaq jumping 5.6% [2] - U.S. job openings rose by 19,000 to 7.227 million in August, while the Chicago Business Barometer fell to 40.6 in September, below market expectations [2] Sector Performance - Most sectors in the S&P 500 closed positively, particularly information technology, health care, and industrials, while energy and consumer discretionary sectors declined [3] - The Dow Jones closed higher by around 82 points to 46,397.89, the S&P 500 rose 0.41% to 6,688.46, and the Nasdaq Composite gained 0.30% to 22,660.01 [3] Upcoming Earnings - Investors are anticipating earnings results from Conagra Brands Inc., RPM International Inc., and Acuity Inc. [4]