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Acuity Reports Fiscal 2025 Third-Quarter Results
Globenewswire· 2025-06-26 10:00
Core Insights - Acuity Inc. reported net sales of $1.2 billion for Q3 fiscal 2025, marking a 21.7% increase year-over-year, driven by strong performance across its segments [1][9][36] - The company experienced a decrease in operating profit to $139.8 million, down 3.8% from the previous year, while adjusted operating profit rose to $221.7 million, an increase of 32.7% [3][9][36] - Diluted earnings per share (EPS) decreased to $3.12, a 13.8% decline, while adjusted diluted EPS increased to $5.12, up 23.4% from the prior year [4][9][36] Financial Performance - Net sales for Acuity Brands Lighting (ABL) reached $923.2 million, a 2.7% increase compared to the prior year [5][36] - Acuity Intelligent Spaces (AIS) saw significant growth, with net sales of $264.1 million, representing a 248.9% increase year-over-year [7][36] - Operating profit for ABL was $134.0 million, down 11.6%, while adjusted operating profit increased to $173.9 million, up 7.3% [6][36] Earnings and Cash Flow - The company generated strong cash flow with net cash from operating activities amounting to $398.9 million for the first nine months of fiscal 2025 [10] - Acuity increased its dividend by 13% to $0.17 per share and repurchased approximately 344,000 shares for a total of $91.3 million [10] Segment Analysis - ABL's operating profit margin decreased to 14.5%, down 240 basis points, while AIS's operating profit margin was 10.4%, a decrease of 610 basis points [6][8][36] - Adjusted operating profit margin for ABL improved to 18.8%, an increase of 80 basis points, while AIS's adjusted operating profit margin rose to 23.6%, up 70 basis points [6][8][36] Market Position and Strategy - Acuity Inc. continues to focus on innovative product development and effective capital allocation to drive growth and enhance market share [12][13] - The company aims to enter attractive new verticals and leverage technology to solve industry challenges [12][13]
GrowGeneration to Participate in the Benzinga Cannabis Capital Conference on June 8-10, 2025
Globenewswire· 2025-06-03 12:00
Core Insights - GrowGeneration Corp. is the largest specialty retailer of hydroponic and organic gardening products in the United States [3] Group 1: Company Participation in Events - GrowGeneration's CEO Darren Lampert, President Michael Salaman, CFO Greg Sanders, and VP of Sales Matthew Koch will participate in the Benzinga Cannabis Capital Conference from June 8-10, 2025, in Chicago [1] - Lampert and Koch will engage in a panel discussion titled "Can the Sun Compete with the Socket? Greenhouse vs Indoor in the Fight for Premium Pricing" on June 10, 2025, at 4:20 p.m. Central Time [2] - The company will host one-on-one meetings during the conference for interested parties [2] Group 2: Company Overview - GrowGeneration offers a wide range of products including nutrients, additives, growing media, lighting, environmental control systems, and proprietary brands such as Charcoir, Drip Hydro, and Power Si [3] - The company operates an online superstore for cultivators at growgeneration.com and has a wholesale business for resellers, as well as a benching, racking, and storage solutions business called Mobile Media or MMI [3]
GrowGeneration to Participate in the 25th Annual Oppenheimer Consumer Growth and E-Commerce Conference on June 9–11, 2025
GlobeNewswire News Room· 2025-05-30 12:00
Company Overview - GrowGeneration Corp. is the nation's largest specialty hydroponic and organic gardening retailer, offering thousands of products including nutrients, additives, growing media, lighting, and environmental control systems [4] - The company operates an online superstore for cultivators at growgeneration.com and has a wholesale business for resellers, as well as a benching, racking, and storage solutions business called Mobile Media or MMI [4] Upcoming Events - Management will participate in Oppenheimer's 25th Annual Consumer Growth and E-Commerce Conference, scheduled for June 9–11, 2025 [1] - Darren Lampert, the CEO and Co-Founder, will engage in a Fireside Chat on June 9, 2025, at 9:00 a.m. Eastern Time, with a webcast available on the Investor Relations site [2] - The company will host 1x1 meetings during the conference, with scheduling available through Oppenheimer representatives or via email [3]
Acuity to Announce Fiscal 2025 Third-Quarter Results on June 26, 2025
GlobeNewswire News Room· 2025-05-29 20:30
Company Overview - Acuity Inc. is a market-leading industrial technology company focused on solving problems in spaces, light, and more through its two business segments: Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS) [3] - The company is headquartered in Atlanta, Georgia, and operates across North America, Europe, and Asia, employing approximately 13,000 associates [5] Financial Information - Acuity Inc. will release its fiscal 2025 third quarter results on June 26, 2025, at 6:00 a.m. ET, followed by a conference call at 8:00 a.m. ET led by CEO Neil Ashe [1] Investor Relations - The webcast, earnings release, and supplemental presentation will be accessible via the Investor Relations section of the company's website on June 26, 2025, with an online replay available for a limited time [2] Growth Strategy - The company achieves growth through the development of innovative products and services, including lighting, lighting controls, building management solutions, and an audio, video, and control platform [4] - Acuity focuses on customer outcomes to drive growth and productivity, aiming to increase market share and deliver superior returns while aggressively deploying capital to enter attractive new verticals [4]