Acuity Brands – Acuity Brands Reports Fiscal 2024 First-Quarter Results

January 9, 2024
Acuity Brands

Strong Execution Delivering Margin Expansion and EPS Growth

 

  • Delivered Net Sales of $935M, a 6% Decline Compared to the Prior Year
  • Grew Operating Profit to $133M, up 22% Over the Prior Year; Adjusted Operating Profit of $154M, up 10% Over the Prior Year
  • Reported Diluted EPS of $3.21, up 40% Over the Prior Year; Adjusted Diluted EPS of $3.72, up 13% Over the Prior Year
  • Generated $190M in Cash Flow from Operations

 

ATLANTA, Jan. 09, 2024 (GLOBE NEWSWIRE) — Acuity Brands, Inc. (NYSE: AYI) (the “Company”), a market-leading industrial technology company, announced net sales of $934.7 million in the first quarter of fiscal 2024 ended November 30, 2023, a decrease of $63.2 million, or 6.3 percent, compared to the prior year.

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