Acuity Brands(AYI) - 2026 Q1 - Quarterly Results

Financial Performance - Acuity reported net sales of $1.1 billion for Q1 fiscal 2026, an increase of $192.1 million, or 20.2% year-over-year[2]. - Operating profit reached $160.4 million, up $27.1 million, or 20.3% compared to the prior year, with an operating profit margin of 14.0%[3]. - Adjusted operating profit was $196.3 million, an increase of $37.6 million, or 23.7%, with an adjusted operating profit margin of 17.2%, up 50 basis points[3]. - Diluted earnings per share (EPS) increased to $3.82, up $0.47, or 14.0%, while adjusted diluted EPS rose to $4.69, an increase of $0.72, or 18.1%[4]. - Net income for the period was $120.5 million, a 12.9% increase from $106.7 million in the previous year[32]. - Cash flows from operating activities were $140.8 million, an increase of 6.5% from $132.2 million year-over-year[33]. Segment Performance - Acuity Brands Lighting (ABL) generated net sales of $895.1 million, a 1.0% increase year-over-year, with an operating profit margin of 16.6%[6][7]. - Acuity Intelligent Spaces (AIS) net sales were $257.4 million, a significant increase of $183.9 million compared to the prior year[8]. - Acuity Intelligent Spaces segment saw a significant increase in net sales to $257.4 million, up 250.2% from $73.5 million in the prior year[30]. Cash and Assets - Net cash from operating activities was $140.8 million for the first three months of fiscal 2026, with $28 million spent on share repurchases and $100 million on term-loan repayments[10]. - Total assets decreased to $4.652 billion from $4.755 billion, while total liabilities decreased to $1.858 billion from $2.030 billion[24]. - Total cash and cash equivalents at the end of the period decreased to $376.1 million from $935.6 million at the end of the previous year[28]. Growth Strategy - The company aims to grow through innovative product development and market expansion into attractive new verticals[14]. - Acuity's forward-looking statements indicate a commitment to capital allocation for growth and productivity improvements[21]. Historical Comparison - Net sales for the three months ended November 30, 2025, increased to $1,143.7 million, up 20.2% from $951.6 million in the same period last year[30]. - Gross profit rose to $553.8 million, representing a 23.2% increase from $449.3 million year-over-year[30]. - Operating profit increased by 20.3% to $160.4 million compared to $133.3 million in the prior year[32]. - The company declared dividends of $0.17 per share, compared to $0.15 per share in the same quarter last year[30]. - Adjusted operating profit (Non-GAAP) increased to $196.3 million, a 23.7% rise from $158.7 million year-over-year[32].