Latest news with #AcuityBrands
Yahoo
29-06-2025
- Business
- Yahoo
Acuity's Stock Rises on Q3 Earnings & Sales Beat, Margins Up Y/Y
Acuity Inc. AYI reported impressive results for the third quarter of fiscal 2025 (ended May 31, 2025), with adjusted earnings and net sales topping the Zacks Consensus Estimate and increasing year over quarter's performance was driven by the benefits realized from the acquisition of QSC, closed in January 2025. Moreover, increased contributions from its Acuity Intelligent Spaces and Acuity Brands Lighting segments added to the uptrend, alongside higher sales of Atrius and Distech stock grew 5.8% during yesterday's trading session and inched up 0.3% in the after-hours. The company reported adjusted earnings per share (EPS) of $5.12, which topped the Zacks Consensus Estimate of $4.42 by 15.8%. The metric also increased 23% from the year-ago reported EPS of $4.15. Acuity, Inc. price-consensus-eps-surprise-chart | Acuity, Inc. Quote Net sales of $1.18 billion surpassed the consensus mark of $1.14 billion by 3% and improved 21.7% from the prior-year quarter's level. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.) The Acuity Brands Lighting segment, responsible for the majority of sales, experienced an increase in quarterly sales by 2.7% to $923.2 million. Our estimate for the metric was $912.6 sales in the Independent Sales Network were up 7.6% year over year to $685.3 million. Sales from the Direct Sales Network were up 4.6% from the prior-year period's level to $101.5 sales of $41.4 million tumbled 19.4% from the prior-year quarter's level. Sales in the Corporate Accounts channel also decreased 41.3% from the prior-year quarter to $35.5 million. The original equipment manufacturer and other channel sales of $59.5 million were up 2.2% from the prior-year period's adjusted operating profit in the segment increased 7.3% from the prior year's level to $173.9 million. The adjusted operating margin was up 80 basis points (bps) year over year to 18.8%.Acuity Intelligent Spaces generated net sales of $264.1 million, which were significantly up 248.9% year over year. The reported figure came above our estimate of $233.5 adjusted operating profit was $62.3 million, up by a whopping 260.1% from the year-ago period. The adjusted operating margin expanded 70 bps year over year to 23.6%. The adjusted operating profit increased 32.7% year over year to $221.7 million. The adjusted operating margin of 18.8% was up 150 bps year over EBITDA rose 31.3% to $236.3 million from the year-ago period. The adjusted EBITDA margin expanded 140 bps from the year-ago period to 20%. As of the fiscal third quarter, Acuity had cash and cash equivalents of $371.8 million compared with $845.8 million at the fiscal 2024-end. Long-term debt was $996.7 million, up from $496.2 million at the fiscal the first nine months of fiscal 2025, cash provided by operating activities totaled $398.9 million, down from $445.1 million in the prior-year period. Adjusted free cash flow was down 12.1% year over year to $355.3 million in the first nine months of fiscal the first nine months of fiscal 2025, the company repurchased nearly 0.3 million shares of its common stock for $90 million. As of May 31, 2025, 3.4 million shares remained available within AYI's repurchase program. Moreover, it hiked its quarterly dividend by 13% to 17 cents per share or 68 cents annually. For fiscal 2025, Acuity still expects net sales between $4.3 billion and $4.5 billion (indicating growth from $3.84 billion reported in fiscal 2024), with adjusted EPS in the range of $16.50-$18.00 (depicting growth from $15.56 reported in fiscal 2024). The focus remains on maintaining a balance between growth and margin expansion. Acuity currently carries a Zacks Rank #3 (Hold).Here are some better-ranked stocks from the Business Services Corporation APP currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks company delivered a trailing four-quarter earnings surprise of 22.9%, on average. The stock has inched up 7.3% year to date. The Zacks Consensus Estimate for AppLovin's 2025 sales and EPS indicates growth of 16.6% and 84.6%, respectively, from the year-ago period's Inc. DUOL presently carries a Zacks Rank #2 (Buy). The company has a trailing four-quarter earnings surprise of 22.8%, on average. The stock has gained 22.9% year to Zacks Consensus Estimate for Duolingo's 2025 sales and EPS indicates growth of 33.5% and 54.3%, respectively, from the year-ago period's Digital Inc. GEN presently carries a Zacks Rank of 2. The company has a trailing four-quarter earnings surprise of 0.9%, on average. The stock has moved up 7.5% year to Zacks Consensus Estimate for Gen Digital's fiscal 2026 sales and EPS indicates growth of 20.4% and 9.5%, respectively, from the year-ago period's levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gen Digital Inc. (GEN) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report Acuity, Inc. (AYI) : Free Stock Analysis Report Duolingo, Inc. (DUOL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Why Acuity Brands (AYI) Stock Is Trading Up Today
Shares of intelligent lighting and space solutions provider Acuity Brands (NYSE:AYI) jumped 7.7% in the afternoon session after the company reported impressive fiscal third-quarter results that significantly beat analyst expectations. The company announced adjusted earnings per share of $5.12, handily beating the consensus estimate of $4.42. Revenue also impressed, coming in at $1.2 billion, a 21.7% year-over-year increase and well above the forecasted $1.14 billion. The standout performer was Acuity's Intelligent Spaces (AIS) segment, which saw a remarkable 249% surge in net sales, driven in part by the recent acquisition of QSC. This explosive growth in its high-tech building solutions business is signaling to investors that Acuity's strategic shift toward intelligent systems is paying off, overshadowing a modest 2.7% sales increase in its traditional lighting division. The strong beat on both the top and bottom lines suggests robust demand and successful integration of its growth initiatives. Is now the time to buy Acuity Brands? Access our full analysis report here, it's free. Acuity Brands's shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Acuity Brands is up 3.3% since the beginning of the year, and at $308.52 per share, it is trading close to its 52-week high of $337.07 from January 2025. Investors who bought $1,000 worth of Acuity Brands's shares 5 years ago would now be looking at an investment worth $3,653. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Yahoo
26-06-2025
- Business
- Yahoo
Acuity Stock Jumps on Strong Results Thanks to Lighting Firm's QSC Acquisition
Shares of Acuity advanced Thursday after the lighting and building solutions provider beat quarterly profit and sales estimates as results were boosted by newly acquired audio-visual equipment firm QSC. The lighting and buildings solutions tech firm's Acuity Intelligent Spaces unit's sales soared nearly 250%. With today's 6% gains, Acuity shares moved into positive territory for the of Acuity (AYI) advanced Thursday after the lighting and building solutions provider beat quarterly profit and sales estimates as results were boosted by newly acquired audio-visual equipment firm QSC. The company posted fiscal 2025 third-quarter adjusted earnings per share of $5.12 on revenue that jumped 22% year-over-year to $1.18 billion. Analysts surveyed by Visible Alpha expected $4.40 and $1.14 billion, respectively. Sales at its Acuity Intelligent Spaces (AIS) unit skyrocketed nearly 250% to $188.4 million. A huge portion of that ($172.8 million) came from QSC performance. Acuity purchased QSC last October for $1.215 billion. Sales at its Acuity Brands Lighting (ABL) were up 2.7% to $923.2 million. The company noted that it "accelerated productivity actions in our ABL segment that resulted in $29.7 million of special charges. These charges included the elimination of brands, associate severance, and facility reorganization." With today's 6% gains, Acuity shares moved into positive territory for the year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Acuity (AYI) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended May 2025, Acuity (AYI) reported revenue of $1.18 billion, up 21.7% over the same period last year. EPS came in at $5.12, compared to $4.15 in the year-ago quarter. The reported revenue represents a surprise of +3.02% over the Zacks Consensus Estimate of $1.14 billion. With the consensus EPS estimate being $4.42, the EPS surprise was +15.84%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Acuity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Acuity Intelligent Spaces: $264.10 million versus $240.34 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +248.9% change. Net Sales- Acuity Brands Lighting (ABL): $923.20 million versus the four-analyst average estimate of $910.77 million. The reported number represents a year-over-year change of +2.8%. Net Sales- Eliminations: -$8.70 million versus -$7.34 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +42.6% change. Adjusted operating profit- Acuity Intelligent Spaces: $62.30 million compared to the $44.69 million average estimate based on three analysts. Adjusted operating profit- Acuity Brands Lighting: $173.90 million versus $164.07 million estimated by three analysts on average. View all Key Company Metrics for Acuity here>>>Shares of Acuity have returned +9.9% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Acuity, Inc. (AYI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
26-06-2025
- Business
- Yahoo
Acuity Brands Tops Third-Quarter Views, Sees 'Solid' Second-Half Performance
Acuity Brands' (AYI) fiscal third-quarter results came in stronger than expected, which the company Sign in to access your portfolio
