Compared to Estimates, Acuity Brands (AYI) Q1 Earnings: A Look at Key Metrics

Core Insights - Acuity Brands reported revenue of $951.6 million for the quarter ended November 2024, reflecting a year-over-year increase of 1.8% and an EPS of $3.97 compared to $3.72 a year ago, with a slight revenue miss against the Zacks Consensus Estimate of $951.97 million [1] Revenue Performance - Revenues from Acuity Brands Lighting (ABL) were $886 million, slightly above the average estimate of $883.05 million, marking a year-over-year change of +1.1% [4] - Revenues from the Intelligent Spaces Group (ISG) reached $73.50 million, compared to the average estimate of $73.86 million, representing a year-over-year increase of +14.5% [4] - Eliminations in revenue were reported at -$7.90 million, slightly below the two-analyst average estimate of -$7.57 million, with a year-over-year change of +33.9% [4] Profitability Metrics - Adjusted operating profit for the Intelligent Spaces Group was $15.40 million, exceeding the average estimate of $13.98 million [4] - Adjusted operating profit for Acuity Brands Lighting was reported at $153.50 million, slightly below the average estimate of $154.04 million [4] Stock Performance - Acuity Brands' shares have returned -4.8% over the past month, compared to a -2.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]