Acuity Brands(US:AYI)2024-01-09 13:54Financial Performance - Q1 2024 - Acuity Brands' net sales decreased by 6% to $935 million compared to $998 million in Q1 2023[7, 29] - Adjusted diluted earnings per share increased by 13% to $3.72 from $3.29 in Q1 2023[7] - Adjusted operating profit increased by 10% year-over-year, reaching $154 million compared to $140 million in the same quarter last year[7, 31] - The adjusted operating profit margin expanded by 250 basis points[7] Segment Performance - ABL (Acuity Brands Lighting and Lighting Controls) - ABL net sales decreased by 7% to $876 million compared to $947 million in Q1 2023[10] - ABL adjusted operating profit increased by 11% to $154 million from $139 million in Q1 2023[10] - ABL adjusted operating profit margin increased by 280 basis points to 17.5% from 14.7% in Q1 2023[10] Segment Performance - ISG (Intelligent Spaces Group) - ISG net sales increased by 13% to $64 million compared to $57 million in Q1 2023[25] - ISG adjusted operating profit margin was 16%[25, 36] Fiscal Year 2024 Outlook - The company anticipates net sales to be in the range of $3.7 billion to $4.0 billion[15] - Adjusted diluted EPS is projected to be between $13.00 and $14.50[15]