Acuity Reports Fiscal 2025 Second-Quarter Results

Core Insights - Acuity Inc. reported net sales of $1.0 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 $110.2 million, a decrease of $7.9 million or 6.7% compared to the previous year [3][10] - Adjusted operating profit increased to $162.9 million, up $22.8 million or 16.3% year-over-year [3][10] - Diluted earnings per share (EPS) was $2.45, down $0.39 or 13.7% from the prior year, while adjusted diluted EPS rose to $3.73, an increase of $0.35 or 10.4% [4][10] Segment Performance - Acuity Brands Lighting (ABL) generated net sales of $840.6 million, a slight decrease of $2.9 million or 0.3% compared to the prior year [5][30] - Operating profit for ABL was $130.3 million, an increase of $4.3 million or 3.4% year-over-year [6][34] - Acuity Intelligent Spaces (AIS) saw net sales of $171.5 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 $191.6 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]