Product Innovation Aids Acuity Brands (AYI) Amid High Costs

Acuity Brands, Inc. (AYI) is benefiting from innovation across its diversified product portfolio. Also, its focus on Intelligent Spaces Group (ISG) and strategic acquisitions and divestitures bode well.Recently, the company reported its first-quarter fiscal 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Although the revenues declined year over year, earnings increased. Robust ISG net sales and enhanced margins in the Acuity Brands Lighting segment drove the upside.Shares o ...