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Acuity Brands (AYI) Is Up 8.22% in One Week: What You Should Know
ZACKS· 2025-01-27 18:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Acuity Brands (AYI) - Acuity Brands currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for performance [3][4]. - The stock has shown significant price movement, with an 8.22% increase over the past week, while the Zacks Building Products - Lighting industry has decreased by 0.29% during the same period [6]. - Over the last three months, AYI shares have risen by 9.34%, and over the past year, they have increased by 40.11%, outperforming the S&P 500's gains of 5.33% and 26.85%, respectively [7]. Trading Volume and Market Position - AYI's average 20-day trading volume is 318,469 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, two earnings estimates for AYI have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $16.67 to $16.90 [10]. - For the next fiscal year, one estimate has moved upwards with no downward revisions, indicating a positive earnings outlook [10]. Conclusion - Given the positive momentum indicators and earnings outlook, Acuity Brands is positioned as a strong buy candidate for investors seeking short-term opportunities [12].
Acuity Brands Announces Increase in Quarterly Dividend
Globenewswire· 2025-01-23 21:05
Core Viewpoint - Acuity Brands, Inc. has announced a 13% increase in its quarterly dividend, raising it from 15 cents to 17 cents per share, effective February 14, 2025 [1] Company Overview - Acuity Brands, Inc. is a market-leading industrial technology company focused on solving problems in spaces and lighting through innovative technology [2] - The company operates through two main segments: Acuity Brands Lighting and Acuity Intelligent Spaces, providing products and services that enhance people's lives [2] Growth Strategy - The company aims to achieve growth by developing innovative products and services, including lighting, lighting controls, and building management solutions [3] - Acuity Brands focuses on customer-centric efficiencies to increase market share and deliver superior returns [3] - The company plans to aggressively deploy capital to expand its business and enter attractive new verticals [3] Operational Footprint - Acuity Brands is headquartered in Atlanta, Georgia, with operations across North America, Europe, and Asia [4] - The company employs approximately 13,000 dedicated associates [4]
Here's Why Acuity Brands (AYI) is a Strong Growth Stock
ZACKS· 2025-01-13 15:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zack ...
Acuity Brands' Q1 Earnings Beat Estimates, Sales Miss, Stock Up
ZACKS· 2025-01-09 14:35
Acuity Brands, Inc. (AYI) reported mixed results in the first quarter of fiscal 2025 (ended Nov. 30, 2024). Earnings exceeded the Zacks Consensus Estimate, but net sales were below the same. Earnings beat the consensus mark for the 19th consecutive quarter. Acuity Brands stock rose 3.2% yesterday during the trading session.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Solid contributions from the Intelligent Spaces segment and the company's focus on product vitality and innovation ...
Compared to Estimates, Acuity Brands (AYI) Q1 Earnings: A Look at Key Metrics
ZACKS· 2025-01-08 15:41
Acuity Brands (AYI) reported $951.6 million in revenue for the quarter ended November 2024, representing a year-over-year increase of 1.8%. EPS of $3.97 for the same period compares to $3.72 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $951.97 million, representing a surprise of -0.04%. The company delivered an EPS surprise of +2.06%, with the consensus EPS estimate being $3.89.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
Acuity Brands(AYI) - 2025 Q1 - Earnings Call Transcript
2025-01-08 15:25
Financial Data and Key Metrics - No specific financial data or key metrics changes mentioned in the provided content [1][2][3][4] Business Line Data and Key Metrics - No specific business line data or key metrics changes mentioned in the provided content [1][2][3][4] Market Data and Key Metrics - No specific market data or key metrics changes mentioned in the provided content [1][2][3][4] Company Strategy and Industry Competition - The company will provide updates on strategic progress and fiscal 2025 first quarter performance during the call [3] - Forward-looking statements are covered by the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 [3] Management Commentary on Operating Environment and Future Outlook - No specific management commentary on the operating environment or future outlook mentioned in the provided content [1][2][3][4] Other Important Information - Reconciliations of certain non-GAAP financial metrics with their corresponding GAAP measures are available in the 2025 first quarter earnings release and supplemental presentation on the Investor Relations website [4] Q&A Session Summary - No Q&A session details provided in the content [1][2][3][4]
Acuity Brands (AYI) Q1 Earnings Beat Estimates
ZACKS· 2025-01-08 13:11
Acuity Brands (AYI) came out with quarterly earnings of $3.97 per share, beating the Zacks Consensus Estimate of $3.89 per share. This compares to earnings of $3.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.06%. A quarter ago, it was expected that this lighting maker would post earnings of $4.19 per share when it actually produced earnings of $4.30, delivering a surprise of 2.63%.Over the last four quarters, the compan ...
Acuity Brands(AYI) - 2025 Q1 - Quarterly Results
2025-01-08 12:31
Financial Performance - Acuity Brands reported net sales of $951.6 million for Q1 fiscal 2025, an increase of $16.9 million, or 1.8% year-over-year[1] - Operating profit was $133.3 million, a slight increase of $0.4 million, or 0.3%, with an operating profit margin of 14.0%, down 20 basis points from the prior year[2] - Adjusted diluted earnings per share (EPS) rose to $3.97, up $0.25, or 6.7%, compared to the previous year[3] - Net sales for the three months ended November 30, 2024, were $951.6 million, an increase of 1.8% compared to $934.7 million for the same period in 2023[29] - Gross profit for the same period was $449.3 million, up from $428.4 million, reflecting a gross margin improvement[25] - Net income increased to $106.7 million, a 6.1% rise from $100.6 million year-over-year[25] - Diluted earnings per share (EPS) rose to $3.35, compared to $3.21 in the prior year, marking a 4.4% increase[31] Segment Performance - Acuity Brands Lighting segment generated net sales of $886.0 million, an increase of $9.6 million, or 1.1% year-over-year[4] - Acuity Intelligent Spaces segment saw net sales of $73.5 million, a significant increase of $9.3 million, or 14.5% year-over-year[6] - Acuity Brands Lighting segment net sales were $886.0 million, a slight increase of 1.1% from $876.4 million[32] - Acuity Intelligent Spaces segment net sales grew by 14.5% to $73.5 million, up from $64.2 million[32] Cash Flow and Capital Management - Net cash from operating activities was $132.2 million for the first three months of fiscal 2025, with approximately 17,000 shares repurchased for about $5 million[8] - Cash flows from operating activities were $132.2 million, down 30.4% from $190.0 million in the previous year[32] - Free cash flow decreased to $113.3 million, a decline of 35.4% from $175.4 million year-over-year[32] Acquisitions and Investments - The company completed the acquisition of QSC, LLC for a gross purchase price of $1.215 billion, effective January 1, 2025[9] - The company aims to aggressively deploy capital to grow the business and enter attractive new verticals[12] Shareholder Returns - The company declared dividends of $0.15 per share, an increase from $0.13 per share in the previous year[25] Assets and Adjusted Metrics - Total assets increased to $3,864.3 million as of November 30, 2024, compared to $3,814.6 million at the end of the previous quarter[22] - Adjusted operating profit for the company was $158.7 million, an increase of $4.8 million, or 3.1% year-over-year[2] - Adjusted operating profit (Non-GAAP) for the total company was $158.7 million, reflecting a 3.1% increase from $153.9 million[31]
Acuity Brands(AYI) - 2025 Q1 - Quarterly Report
2025-01-08 12:26
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-16583. _____ ...
Acuity Brands Reports Fiscal 2025 First-Quarter Results
Globenewswire· 2025-01-08 11:00
Solid Execution Delivers Sales Growth and EPS Expansion; Post-Quarter Completed QSC AcquisitionDelivered Net Sales of $952M, an Increase of 2% Compared to the Prior YearGrew Operating Profit to $133M, Flat Compared to the Prior Year; Adjusted Operating Profit of $159M, up 3% Over the Prior YearReported Diluted EPS of $3.35, up 4% Over the Prior Year; Adjusted Diluted EPS of $3.97, up 7% Over the Prior YearCompleted the Acquisition of QSC, LLC Effective January 1, 2025 ATLANTA, Jan. 08, 2025 (GLOBE NEWSWIRE) ...