Latest news with #AcuityInc
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
27-06-2025
- Business
- Yahoo
Acuity Inc (AYI) Q3 2025 Earnings Call Highlights: Robust Growth and Strategic Advancements
Net Sales: $1.2 billion, up 22% from the prior year. Adjusted Operating Profit: $222 million, an increase of 33% from last year. Adjusted Operating Profit Margin: 18.8%, up 150 basis points from the prior year. Adjusted Diluted Earnings Per Share: $5.12, up 23% over the prior year. ABL Sales: $923 million, a 3% increase from the prior year. ABL Adjusted Operating Profit Margin: 18.8%, up 80 basis points compared to the prior year. Acuity Intelligent Spaces Sales: $264 million, with Atrius and Distech combined growing 21%. Intelligent Spaces Adjusted Operating Profit Margin: 23.6%. Cash Flow from Operations: Approximately $400 million fiscal year-to-date. Share Repurchase: Approximately 344,000 shares repurchased for around $90 million. Dividend Increase: 13% increase in dividend. Warning! GuruFocus has detected 7 Warning Signs with CJREF. Release Date: June 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Acuity Inc (NYSE:AYI) reported strong financial performance in the third quarter of fiscal 2025, with net sales increasing by 22% year-over-year to $1.2 billion. The company expanded its adjusted operating profit margin by 150 basis points to 18.8%, driven by improvements in both business segments. Acuity Inc (NYSE:AYI) successfully managed its supply chain to mitigate the impact of evolving tariff policies, resulting in accelerated orders and backlog growth. The electronics portfolio saw significant product rollouts, including the SensorSwitch AIR and Animate Controller by nLight, enhancing market competitiveness. Acuity Inc (NYSE:AYI) demonstrated strong cash flow generation and effective capital allocation, including share repurchases and dividend increases. The company faced challenges from evolving tariff policies, which required strategic pricing actions and could impact future margins. There was evidence of order acceleration in the third quarter, which may lead to a normalization of performance in the fourth quarter. Acuity Inc (NYSE:AYI) incurred a $30 million special charge related to productivity efforts, including brand elimination and facility reorganization. The ProAudio segment within QSC is heavily impacted by tariffs, affecting its financial performance. The horticulture vertical is performing slower than expected, impacting growth in that segment. Q: Can you explain the significant improvement in QSC's margins this quarter? A: Karen Holcom, CFO, explained that the improvement in QSC's margins was due to strong top-line growth and the adoption of Acuity's productivity tools. The integration of QSC has been successful, with their performance aligning with Acuity's strategic and cultural goals. The margin improvement was driven by better, smarter, faster productivity tools and mitigating additional expenses. Q: How did the accelerated orders in Q3 impact your expectations for Q4 and beyond? A: Neil Ashe, CEO, noted that there was some order acceleration in Q3, which positively impacted results. The expectation is that the combination of Q3 and Q4 will yield the anticipated results for the second half of fiscal 2025. The company plans to be conservative in its future planning to ensure stable outcomes. Q: What factors contributed to the strong gross margin of 50% this quarter? A: Neil Ashe highlighted that the strong gross margin was due to top-line growth in ABL, improvements in product vitality, service, technology, and productivity, as well as the increased contribution from intelligent spaces. The tariff impact was minimal in Q3, but it is expected to affect margins in the near term. Q: How are you managing the impact of tariffs on your business? A: Neil Ashe stated that Acuity has taken dynamic actions to manage the impact of tariffs, including supply chain changes and pricing actions to cover the dollar impact. The company is confident in its ability to handle these changes, although there will be some margin impact moving forward. Q: Can you provide an update on the progress of entering new verticals in the ABL market? A: Neil Ashe discussed the strategic entry into new verticals such as refuel, healthcare, and sports lighting. The company has seen strong traction in these areas, particularly with the introduction of new product portfolios and strategic acquisitions, which are expected to contribute positively to future growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
Washington Post
26-06-2025
- Business
- Washington Post
Acuity: Fiscal Q3 Earnings Snapshot
ATLANTA — ATLANTA — Acuity Inc. (AYI) on Thursday reported fiscal third-quarter net income of $98.4 million. The Atlanta-based company said it had net income of $3.12 per share. Earnings, adjusted for one-time gains and costs, were $5.12 per share. The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.42 per share.
San Francisco Chronicle
26-06-2025
- Business
- San Francisco Chronicle
Acuity: Fiscal Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Acuity Inc. (AYI) on Thursday reported fiscal third-quarter net income of $98.4 million. The Atlanta-based company said it had net income of $3.12 per share. Earnings, adjusted for one-time gains and costs, were $5.12 per share. The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.42 per share. The lighting maker posted revenue of $1.18 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.14 billion. Acuity shares have declined roughly 2% since the beginning of the year. The stock has climbed 21% in the last 12 months. _____
Yahoo
26-06-2025
- Business
- Yahoo
Acuity: Fiscal Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Acuity Inc. (AYI) on Thursday reported fiscal third-quarter net income of $98.4 million. The Atlanta-based company said it had net income of $3.12 per share. Earnings, adjusted for one-time gains and costs, were $5.12 per share. The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.42 per share. The lighting maker posted revenue of $1.18 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.14 billion. Acuity shares have declined roughly 2% since the beginning of the year. The stock has climbed 21% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AYI at
