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In Display Solutions, we maintained a high level of execution across several large multiyear customer programs. Particularly in the refueling area, convenience store, quick-serve retail, and casual dining restaurant verticals. While revenues declined slightly year over year due to the prior year comparisons, orders improved sequentially and were up year over year supporting an improved backlog entering into the third quarter. What's particularly encouraging is how the opportunity set within display solution ...

Core Viewpoint - Orion Energy Systems, Inc. will host a conference call and webcast to discuss its fiscal 2026 third quarter results on February 5, 2026, at 10:00 a.m. ET, with results being released prior to market opening on the same day [1]. Group 1: Conference Call and Webcast Details - The conference call is scheduled for Thursday, February 5, 2026, at 10:00 a.m. ET [2]. - Participants must pre-register to receive dial-in information through the provided registration link [2]. - A webcast and replay of the call will be available at a specified URL [2]. Group 2: Company Overview - Orion Energy Systems specializes in energy-efficient LED lighting, EV charging solutions, and electrical maintenance services [3]. - The company focuses on turnkey design-through-installation solutions for large national customers and projects through ESCO and distribution partners [3]. - Orion aims to help customers achieve their business, financial, and environmental goals with high-quality, innovative solutions and reliable customer service [3]. Group 3: Sustainability Commitment - Orion is dedicated to operating responsibly across all areas of its organization, emphasizing sustainability and governance priorities [4].

Core Insights - Nemo Group has sold a majority stake in Driade to Kettal Group while retaining a minority share to maintain the brand's Italian craftsmanship and heritage [1][2] - Kettal aims to relaunch Driade with a Mediterranean-centered design vision, enhancing its global competitiveness [2][4] - The collaboration is framed as a partnership based on mutual respect and cultural synergy, aiming to restore Driade's position in the international design scene [5][8] Company Background - Driade was founded in Milan in 1968 by Enrico Astori, Antonia Astori, and Adelaide Acerbi, with contributions from notable designers like Enzo Mari and Nanda Vigo [3] - Kettal, established in 1964, transitioned from producing aluminum camping gear to becoming a leader in outdoor furniture [6] - Nemo Group, primarily a lighting company, ventured into furniture with the acquisition of Driade, previously owned by Italian Creation Group [6] Strategic Goals - Kettal's CEO Alex Alorda emphasizes the importance of collaboration to drive innovation through cultural exchange [5] - The partnership aims to overcome geographic and cultural barriers to promote a design culture [8]

DURHAM, N.C.--(BUSINESS WIRE)---- $PENG #BlizzardLighting--Cree LED and Blizzard Lighting today announced a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED's patents. ...

Core Insights - Acuity (AYI) reported $1.14 billion in revenue for the quarter ended November 2025, marking a year-over-year increase of 20.2% and a surprise of +0.53% over the Zacks Consensus Estimate [1] - The company's EPS for the same period was $4.69, compared to $3.97 a year ago, but did not meet the consensus EPS estimate of $4.52 [1] Financial Performance - Acuity's net sales by channel for Acuity Intelligent Spaces reached $257.4 million, exceeding the four-analyst average estimate of $243.9 million, with a year-over-year change of +250.2% [4] - Net sales for Acuity Brands Lighting totaled $895.1 million, slightly below the estimated $902.29 million, representing a +1% change compared to the year-ago quarter [4] - Adjusted operating profit for Acuity Intelligent Spaces was $56.6 million, surpassing the average estimate of $46.51 million [4] - Adjusted operating profit for Acuity Brands Lighting was $159.8 million, compared to the average estimate of $165.89 million [4] Stock Performance - Acuity's shares have returned -0.7% over the past month, while the Zacks S&P 500 composite has seen a +0.9% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Insights - Acuity reported a strong start to fiscal 2026 with significant sales growth, expanding profitability, and higher adjusted earnings per share despite a tepid lighting market environment [2][6] Quarterly Results and Margin Expansion - Total net sales reached $1.1 billion, an increase of $192 million, or 20%, year-over-year, driven by growth in both business segments and including three months of QSC sales [3] - Adjusted operating profit rose to $196 million, up $38 million, or 24%, compared to the previous year, with an adjusted operating profit margin expanding to 17.2%, an increase of 50 basis points [3][6] - Adjusted diluted earnings per share increased to $4.69, up $0.72, or 18%, year-over-year [3][6] Segment Performance - In the Acuity Brands Lighting (ABL) segment, sales were $895 million, up $9 million, or 1%, primarily due to growth in the independent sales network and influenced by elevated backlog from accelerated orders ahead of price increases [4] - ABL adjusted operating profit increased by $6 million to $160 million, attributed to efforts to lower operating expenses, with an adjusted operating profit margin of 17.9%, up 60 basis points from the prior year [5] Overall Performance and Outlook - Acuity's total net sales rose approximately 20% to $1.1 billion, with adjusted operating profit increasing to $196 million and adjusted diluted EPS climbing to $4.69, alongside overall margin expansion of 50 basis points [6] - The lighting segment remained nearly flat at $895 million (+1%), while Acuity Intelligence Spaces surged to $257 million, up $184 million, driven by three months of QSC contribution and higher AIS margins of 22% [6] - Operating cash flow was $141 million, with the company repurchasing approximately $28 million of stock and repaying $100 million on the QSC term loan, totaling $300 million of $600 million repaid, while management described the lighting market as tepid and noted that backlog is normalizing [6]

Financial Data and Key Metrics Changes - The company reported net sales of $1.1 billion, which is $192 million, or 20% higher than the previous year [13] - Adjusted operating profit increased by $38 million, or 24%, to $196 million, with an adjusted operating profit margin expanding to 17.2%, an increase of 50 basis points from the prior year [13] - Adjusted diluted earnings per share rose by $0.72, or 18%, to $4.69 [13] Business Line Data and Key Metrics Changes - Acuity Brands Lighting (ABL) achieved sales of $895 million, a slight increase of $9 million, or 1%, primarily due to growth in the independent sales network [14] - Adjusted operating profit for ABL increased by $6 million to $160 million, with an adjusted operating profit margin of 17.9%, up 60 basis points compared to the prior year [14] - Acuity Intelligence Spaces (AIS) reported sales of $257 million, an increase of $184 million, benefiting from three months of QSC sales [15] - AIS adjusted operating profit was $57 million, with an adjusted operating profit margin of 22%, up 100 basis points compared to the prior year [16] Market Data and Key Metrics Changes - The lighting market remains tepid, with the company noting that the market appears to be waiting for clarity around interest rates, inflation, and policy [11] - The AIS business is recognized for its strong product portfolio, with several awards received during the quarter [10][11] Company Strategy and Development Direction - The company is focused on increasing product vitality, elevating service levels, and using technology to improve and differentiate products [5] - The strategy includes cross-selling opportunities between ABL and AIS, particularly in fueling and office markets [27] - The company aims to control what it can and is confident in the long-term performance of both lighting and spaces businesses [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to drive margins at ABL, targeting 50-100 basis points of operating profit margin improvement per year [21] - The company is optimistic about the long-term opportunities in both ABL and AIS, with disruptive technologies taking market share [59] - Management acknowledged the challenges in the lighting market but noted that they are holding or accelerating their market position [46] Other Important Information - The company generated $141 million in cash flow from operations, which was $9 million higher than the same period in the previous year [16] - The company repurchased over 77,000 shares at an average price of around $357 and repaid $100 million of its term loan during the quarter [17] Q&A Session Summary Question: Gross margin seasonality and future expectations - Management acknowledged the impact of tariffs on gross margins and expressed confidence in the ability to drive margins at ABL over the long term [20][21] Question: Operating expenses and productivity investments - Management indicated that the muted step-down in operating expenses from Q4 to Q1 was due to prior cost-cutting measures [22] Question: Cross-sell opportunities and product portfolio gaps - Management emphasized that cross-sell opportunities should be driven by customer demand rather than aggressive pushing of products [27] Question: Backlog normalization and future growth - Management confirmed that historical seasonality would be skewed due to elevated backlog levels, with expectations of more normal seasonality in Q2 [32] Question: Tariffs and potential changes in pricing - Management discussed the uncertainty surrounding tariffs and the potential implications for pricing strategies [51][52]

Financial Data and Key Metrics Changes - The company reported net sales of $1.1 billion, which is $192 million, or 20% higher than the previous year [15] - Adjusted operating profit increased by $38 million, or 24%, to $196 million, with an adjusted operating profit margin of 17.2%, up 50 basis points from the prior year [15] - Adjusted diluted earnings per share rose to $4.69, an increase of $0.72, or 18% over the prior year [15] Business Line Data and Key Metrics Changes - Acuity Brands Lighting (ABL) achieved sales of $895 million, a slight increase of $9 million, or 1% year-over-year, primarily due to growth in the independent sales network [16] - Adjusted operating profit for ABL increased by $6 million to $160 million, with an adjusted operating profit margin of 17.9%, up 60 basis points compared to the prior year [16] - Acuity Intelligent Spaces (AIS) reported sales of $257 million, an increase of $184 million, benefiting from the inclusion of three months of QSC sales [17] - AIS adjusted operating profit was $57 million, with an adjusted operating profit margin of 22%, up 100 basis points compared to the prior year [18] Market Data and Key Metrics Changes - The lighting market remains tepid, with the company noting that the market is waiting for clarity around interest rates, inflation, and policy [13] - The AIS business is strategically differentiated and positioned for value creation, continuing to perform well despite market challenges [13] Company Strategy and Development Direction - The company is focused on increasing product vitality, elevating service levels, and using technology to improve and differentiate products [5] - The introduction of new products, such as the EAX Area Luminaire and the combination of Distech and QSC technologies, aims to enhance customer experiences and operational efficiency [6][10] - The company is committed to driving productivity and creating autonomous spaces through data interoperability [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term performance of both the lighting and spaces businesses, despite current market challenges [13] - The company is targeting 50-100 basis points of operating profit margin improvement per year, indicating a focus on long-term margin enhancement [24] Other Important Information - The company generated $141 million in cash flow from operations, which is $9 million higher than the same period last year [19] - The company allocated $28 million to repurchase shares and repaid $100 million of its term loan during the quarter [19] Q&A Session Summary Question: Gross margin seasonality and future expectations - Management acknowledged the impact of tariffs on gross margins and expressed confidence in the ability to drive margins at ABL over the long term [22][24] Question: ABL operating expenses and productivity investments - Management indicated that the muted step-down in operating expenses from Q4 to Q1 was due to prior cost-cutting measures [25][27] Question: Cross-sell opportunities between ABL and AIS - Management emphasized that cross-sell opportunities should be driven by customer demand rather than aggressive pushing of products [31] Question: Backlog normalization and future growth - Management confirmed that historical seasonality may be skewed due to elevated backlog levels, suggesting potential slower growth in the upcoming quarters [36] Question: Divergence between ISN and DSN - Management noted that while there is some noise in the accounts, the combined performance of ISN and DSN is in line with expectations [40] Question: Tariffs and potential impacts on pricing - Management discussed the uncertainty surrounding tariffs and the potential implications for pricing strategies [55][56] Question: Backlog levels and market outlook - Management indicated that backlog levels are now more consistent with pre-COVID periods, suggesting a return to normal order rates [58]

Company Overview - Acuity Brands Lighting (ABL) net sales for Q1'26 were $669 million[23], while Acuity Intelligent Spaces (AIS) net sales for Q1'26 were $948 million[28] - ABL Adjusted Operating Profit Margin for Q1'26 was 18.5%[23], and AIS Adjusted Operating Profit Margin for Q1'26 was 21.7%[28] Financial Performance - The company's net sales have grown from $1.7 billion in FY09 to $4.5 billion in LTM Q1'26[34] - Adjusted Operating Profit has increased from $186 million in FY10 to $806 million in LTM Q1'26[35] - Adjusted Diluted Earnings Per Share have risen from $2.42 in FY10 to $18.73 in LTM Q1'26[37] - Free Cash Flow generation has increased from $139 million in FY10 to $534 million in LTM Q1'26[38] Capital Allocation - The company has repurchased approximately $1.5 billion of its shares outstanding since the beginning of the 4th quarter of 2020, representing about 25% of the then-outstanding shares[31] Non-GAAP Measures - The company uses non-GAAP financial measures such as adjusted operating profit, adjusted net income, and free cash flow to enhance the understanding of its financial performance and prospects[4] - These non-GAAP measures are used for internal reviews of performance, baseline comparative operational analysis, and decision-making[5]