Acuity Brands, Inc. (AYI) has captured the attention of investors in the market recently with its impressive performance. After hovering around $300.00 per share for the past four trading sessions, the stock reached a new 52-week high of $307.25 on Friday. It then pulled back slightly to close the trading session at $306.83, marking a 2.9% increase from the previous day's closing price of $298.03.Shares of AYI have surged 28.7% over the past three months, outperforming the 27.9% gain in the Zacks Building P ...

The stock of Acuity Brands (AYI, Financial) saw an upswing today as its price reached $303.79, marking a 1.93% increase. This boost comes on the heels of the company releasing impressive fiscal fourth-quarter 2024 results, fostering strong investor confidence.Acuity Brands, with its recent performance, continues to capture attention in the equity market. The company reported revenues of $1.03 billion and an adjusted earnings per share (EPS) of $4.30, exceeding analyst expectations. The year-over-year increa ...

Between the company's strong recent performance and its encouraging outlook, investors are excited about Acuity Brands stock.Starting off October on an auspicious note, shares of Acuity Brands (AYI 1.87%) raced out of the gate to kick begin the new month. The lighting and building management solutions provider reported strong fiscal fourth-quarter 2024 financial results on Tuesday that led investors to believe that it was a bright idea to click the buy button.According to data provided by S&P Global Market ...

Acuity Brands, Inc. (AYI) reported solid results in fourth-quarter fiscal 2024 (ended Aug. 31, 2024), with earnings and net sales surpassing the Zacks Consensus Estimate. Earnings beat the consensus mark for the 18th consecutive quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.While the Intelligent Spaces Group or ISG segment saw robust sales growth, the ABL segment showed tepid growth in the quarter. This mixed performance reflects the broader market dynamics, where traditio ...

Acuity Brands, Inc. (NYSE:AYI) Q4 2024 Earnings Conference Call October 1, 2024 8:00 AM ET Company Participants Charlotte McLaughlin - VP, IR Neil Ashe - Chairman, President & CEO Karen Holcom - SVP & CFO Conference Call Participants Tim Wojs - Baird Christopher Glynn - Oppenheimer Joe O'Dea - Wells Fargo Brian Lee - Goldman Sachs & Company Operator Good morning and welcome to Acuity Brands Fiscal 2024 Fourth Quarter Earnings Call. At this time all participants are in a listen-only mode. After the speakers’ ...

Acuity Brands (AYI) came out with quarterly earnings of $4.30 per share, beating the Zacks Consensus Estimate of $4.19 per share. This compares to earnings of $3.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.63%. A quarter ago, it was expected that this lighting maker would post earnings of $4.10 per share when it actually produced earnings of $4.15, delivering a surprise of 1.22%.Over the last four quarters, the compan ...

Financial Performance Overview - Q4 2024 net sales increased by 2% to $1.03B compared to the prior year[1] - Full-year 2024 net sales declined 3% to $3.8B, with diluted EPS up 25% to $13.44 and adjusted diluted EPS up 11% to $15.56[1][5] - Net sales for the three months ended August 31, 2024, increased by 2.2% to $1,032.3 million compared to $1,010.4 million in the same period in 2023[29] - Net sales increased by 2.2% to $1,032.3 million in Q3 2024 compared to $1,010.4 million in Q3 2023[41] - Net sales decreased by 2.8% to $3,841.0 million in 2024 compared to $3,952.2 million in 2023[46] Earnings and Profitability - Q4 2024 diluted EPS rose 43% to $3.77, while adjusted diluted EPS increased 8% to $4.30[3] - Q4 2024 operating profit increased to $157.0M, representing 15.2% of net sales, up 430 basis points year-over-year[2] - Full-year 2024 operating profit rose to $553.3M, representing 14.4% of net sales, up 240 basis points year-over-year[4] - Gross profit for the three months ended August 31, 2024, rose to $488.7 million from $442.7 million in 2023, reflecting improved profitability[29] - Net income for the three months ended August 31, 2024, increased to $118.9 million from $82.9 million in 2023, showing significant growth[29] - Gross profit (GAAP) rose by 10.4% to $488.7 million, with gross margin improving by 350 basis points to 47.3%[41] - Adjusted operating profit (Non-GAAP) grew by 10.0% to $178.5 million, with operating margin increasing by 120 basis points to 17.3%[41] - Net income (GAAP) surged by 43.4% to $118.9 million, with net margin expanding by 330 basis points to 11.5%[41] - Adjusted EBITDA (Non-GAAP) increased by 9.3% to $191.3 million, with EBITDA margin improving by 120 basis points to 18.5%[41] - Gross profit (GAAP) increased by 4.0% to $1,781.7 million in 2024 from $1,713.2 million in 2023[46] - Adjusted gross profit (Non-GAAP) rose by 3.2% to $1,781.7 million in 2024 from $1,726.2 million in 2023[46] - Operating profit (GAAP) increased by 16.9% to $553.3 million in 2024 from $473.4 million in 2023[46] - Adjusted operating profit (Non-GAAP) grew by 7.1% to $639.6 million in 2024 from $597.4 million in 2023[46] - Net income (GAAP) increased by 22.1% to $422.6 million in 2024 from $346.0 million in 2023[46] - Adjusted net income (Non-GAAP) rose by 8.2% to $489.1 million in 2024 from $452.0 million in 2023[46] - Diluted earnings per share (GAAP) increased by 24.9% to $13.44 in 2024 from $10.76 in 2023[46] - Adjusted diluted earnings per share (Non-GAAP) grew by 10.7% to $15.56 in 2024 from $14.05 in 2023[46] - EBITDA (Non-GAAP) increased by 13.7% to $635.2 million in 2024 from $558.8 million in 2023[46] Segment Performance - ABL segment Q4 2024 net sales grew 1.1% to $955.0M, with operating profit up to $161.5M, representing 16.9% of net sales[6] - ISG segment Q4 2024 net sales surged 16.7% to $83.9M, with operating profit reaching $16.7M, representing 19.9% of net sales[8] - ISG full-year 2024 net sales grew 15.5% to $291.9M, with operating profit reaching $43.6M, representing 14.9% of net sales[9] - ABL segment net sales for the three months ended August 31, 2024, increased by 1.1% to $955.0 million compared to $944.2 million in 2023[36] - ISG segment net sales for the three months ended August 31, 2024, grew by 16.7% to $83.9 million from $71.9 million in 2023[36] - ABL segment net sales grew by 1.1% to $955.0 million, with operating profit (GAAP) rising by 37.1% to $161.5 million[42] - ISG segment net sales surged by 16.7% to $83.9 million, with operating profit (GAAP) jumping by 77.7% to $16.7 million[43] - Adjusted operating profit margin (Non-GAAP) for ABL increased by 120 basis points to 18.0%[42] - Adjusted operating profit margin (Non-GAAP) for ISG expanded by 590 basis points to 25.6%[43] Cash Flow and Shareholder Returns - Full-year 2024 cash flow from operations increased 7% to $619M[10] - The company repurchased approximately 454,000 shares for $89M during fiscal 2024[10] - Net cash provided by operating activities for the year ended August 31, 2024, increased to $619.2 million from $578.1 million in 2023[32] - Dividends declared per share for the three months ended August 31, 2024, increased to $0.15 from $0.13 in 2023[30] Balance Sheet and Liquidity - Total assets as of August 31, 2024, grew to $3,814.6 million from $3,408.5 million in 2023, indicating strong asset growth[26] - Cash and cash equivalents as of August 31, 2024, surged to $845.8 million from $397.9 million in 2023, reflecting strong liquidity[26]

Increased Fiscal Q4 2024 Net Sales 2% to $1.03B Compared to the Prior Year Reported Fiscal Q4 2024 Diluted EPS of $3.77, up 43% Over the Prior Year; Adjusted Diluted EPS of $4.30, up 8% Over the Prior YearDelivered Fiscal 2024 Net Sales of $3.8B, a 3% Decline Compared to the Prior Year Reported Fiscal 2024 Diluted EPS of $13.44, up 25% Over the Prior Year; Adjusted Diluted EPS of $15.56, up 11% Over the Prior Year Generated $619M in Cash Flow from Operations in Fiscal 2024, up 7% Over the Prior Year ATLANTA ...

Acuity Brands, Inc. (AYI) is scheduled to announce fourth-quarter fiscal 2024 results on Oct. 1, before the opening bell.In the last reported quarter, the company’s adjusted earnings topped the Zacks Consensus Estimate by 1.2% and increased 10.7% year over year. The top line, however, missed the consensus mark by 2.7% and decreased 3% from the prior year.Acuity Brands beat earnings expectations in the trailing 17 quarters.How Are Estimates Placed for AYI?For the quarter to be reported, the Zacks Consensus E ...

The upcoming report from Acuity Brands (AYI) is expected to reveal quarterly earnings of $4.13 per share, indicating an increase of 4% compared to the year-ago period. Analysts forecast revenues of $1.01 billion, representing a decrease of 0.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is c ...