Acuity logo Key Points Strong start to fiscal 2026: Total net sales rose ~20% to $1.1 billion, adjusted operating profit increased to $196 million and adjusted diluted EPS climbed to $4.69, with overall margin expansion of 50 basis points. Segment divergence with QSC lift: Lighting was nearly flat at $895 million (+1%) while Acuity Intelligence Spaces jumped to $257 million—up $184 million—driven by three months of QSC contribution and higher AIS margins (22%). Healthy cash allocation but cautious outl ...

Core Viewpoint - UBS upgraded Expeditors International from Neutral to Buy, raising the price target to $166 due to productivity improvements and revenue resilience despite lower ocean freight rates [1] Group 1: Financial Projections - UBS increased its 2027 EPS estimate for Expeditors to $6.90 per share from $6.58, which is above the consensus of $6.39, reflecting initial efficiency benefits [2] - Analysts modeled a 4% rebound in net revenue for Expeditors [2] Group 2: Valuation Insights - At 24x projected earnings, Expeditors' current valuation implies roughly $950 million in EBIT for 2027, compared to UBS's forecast of $1.13 billion, indicating the stock is undervalued [3] - Investor sentiment remains cautious due to weak ocean pricing, with most analysts maintaining Neutral or Sell ratings [3] Group 3: Long-term Potential - UBS highlighted the long-term potential for Expeditors to achieve significant productivity gains through technology integration and process optimization [1]