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Acuity Reports Fiscal 2025 Second-Quarter Results
AYIAcuity Brands(AYI) Newsfilter·2025-04-03 10:00

Core Insights - Acuity Inc. reported net sales of 1.0billionforQ2fiscal2025,markinganincreaseof1.0 billion for Q2 fiscal 2025, marking an increase of 100.4 million or 11.1% year-over-year [1][10] - The company successfully closed the acquisition of QSC, contributing to its financial results for the quarter [2] Financial Performance - Operating profit for Q2 fiscal 2025 was 110.2million,adecreaseof110.2 million, a decrease of 7.9 million or 6.7% compared to the previous year [3][10] - Adjusted operating profit increased to 162.9million,up162.9 million, up 22.8 million or 16.3% year-over-year [3][10] - Diluted earnings per share (EPS) was 2.45,down2.45, down 0.39 or 13.7% from the prior year, while adjusted diluted EPS rose to 3.73,anincreaseof3.73, an increase of 0.35 or 10.4% [4][10] Segment Performance - Acuity Brands Lighting (ABL) generated net sales of 840.6million,aslightdecreaseof840.6 million, a slight decrease of 2.9 million or 0.3% compared to the prior year [5][30] - Operating profit for ABL was 130.3million,anincreaseof130.3 million, an increase of 4.3 million or 3.4% year-over-year [6][34] - Acuity Intelligent Spaces (AIS) saw net sales of 171.5million,asignificantincreaseof171.5 million, a significant increase of 103.4 million or 151.8% year-over-year, largely due to the acquisition of QSC [7][30] Cash Flow and Capital Allocation - Net cash from operating activities for the first six months of fiscal 2025 was 191.6million[11]Thecompanyincreaseditsdividendby13191.6 million [11] - The company increased its dividend by 13% to 0.17 per share and repurchased approximately 68,000 shares for a total of $22.6 million [11] Company Overview - Acuity Inc. is a market-leading industrial technology company focused on innovative solutions in lighting and building management [13][14] - The company operates across North America, Europe, and Asia, employing approximately 13,000 associates [15]