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Acuity Brands Inc (AYI.N)

AYI.N on New York Stock Exchange

130.63USD
12:17am IST
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$-0.53 (-0.40%)
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Latest Key Developments (Source: Significant Developments)

Acuity Brands Q3 Earnings Per Share $2.22
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Acuity Brands Inc ::ACUITY BRANDS REPORTS FISCAL 2019 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $2.53.Q3 EARNINGS PER SHARE $2.22.Q3 SALES $947.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF $971.5 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $2.45 -- REFINITIV IBES DATA.REMAIN CAUTIOUSLY OPTIMISTIC ABOUT OVERALL MARKET CONDITIONS FOR REMAINDER OF CALENDAR YEAR 2019."WE REMAIN CAUTIOUSLY OPTIMISTIC ABOUT OVERALL MARKET CONDITIONS FOR REMAINDER OF CALENDAR YEAR 2019".DO NOT BELIEVE THAT DEMAND OUTLOOK FOR 2019 HAS MEANINGFULLY CHANGED FROM OUR OUTLOOK PROVIDED LAST QUARTER.BELIEVE FISCAL Q4 NET SALES COULD BE DOWN MODESTLY COMPARED WITH PRIOR YEAR'S NET SALES.SEES Q4 ADJUSTED OPERATING PROFIT MARGIN WILL EXCEED PRIOR-YEAR'S Q4 MARGIN.ACUITY BRANDS - THIRD-PARTY FORECASTS & INDICATORS CONTINUE TO SUGGEST NORTH AMERICAN LIGHTING MARKET SHOULD GROW IN LOW-SINGLE DIGIT RANGE IN FY 2019.Q4 REVENUE VIEW $1.08 BILLION -- REFINITIV IBES DATA."Q4 NET SALES MAY BE NEGATIVELY IMPACTED BY OUR EFFORTS TO ENHANCE OUR MARGIN PROFILE"."BELIEVE OUR Q4 ADJUSTED OPERATING PROFIT MARGIN WILL IMPROVE ON A SEQUENTIAL BASIS FROM Q3".  Full Article

Acuity Brands Reports Fiscal 2019 Second Quarter Results
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Acuity Brands Inc ::ACUITY BRANDS REPORTS FISCAL 2019 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.99.Q2 SALES $854.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $878.2 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.79 -- REFINITIV IBES DATA.Q2 EARNINGS PER SHARE $1.67.REMAIN CAUTIOUSLY OPTIMISTIC FOR REMAINDER OF FISCAL AND CALENDAR YEAR 2019.BELIEVE Q2 REVENUE GROWTH WAS NEGATIVELY IMPACTED BY PULL FORWARD OF ORDERS BY CUSTOMERS INTO Q1 IN ADVANCE OF PRICE INCREASES.DO NOT BELIEVE THAT 2019 DEMAND OUTLOOK HAS MEANINGFULLY CHANGED FROM OUTLOOK PROVIDED LAST QUARTER.INITIATED A REVIEW OF A SMALL PORTION OF OUR PRODUCT PORTFOLIO AND SERVICES OFFERING.REVIEW IS WITH OBJECTIVE OF ELIMINATING ITEMS AND ACTIVITIES THAT DO NOT MEET CO'S RETURN OBJECTIVES.INITIATED A REVIEW OF A SMALL PORTION OF PRODUCT PORTFOLIO AND SERVICES OFFERING.ACUITY BRANDS - SHIFT IN SALES AMONG KEY CUSTOMERS WITHIN RETAIL CHANNEL COULD CONTINUE TO HAVE DAMPENING EFFECT ON 2019 GROSS PROFIT DOLLARS & MARGIN.INITIATED REVIEW "WITH OBJECTIVE OF ELIMINATING THOSE ITEMS AND ACTIVITIES THAT DO NOT MEET OUR RETURN OBJECTIVES".ACUITY BRANDS - EXPECT DAMPENING EFFECT ON 2019 GROSS PROFIT DOLLARS , GROSS PROFIT MARGIN TO BE LARGELY OFFSET BY LOWER FREIGHT AND COMMISSION COSTS.  Full Article

Acuity Brands Q4 Earnings Per Share $2.70
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Acuity Brands Inc ::ACUITY BRANDS REPORTS RECORD QUARTERLY AND FULL-YEAR RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $2.68.Q4 EARNINGS PER SHARE $2.70.Q4 SALES $1.06 BILLION VERSUS I/B/E/S VIEW $1.01 BILLION.Q4 EARNINGS PER SHARE VIEW $2.62 -- THOMSON REUTERS I/B/E/S.EXPECTS FISCAL 2019 CAPITAL EXPENDITURES WILL APPROXIMATE 1.5 PERCENT OF NET SALES.ACUITY BRANDS - CONTINUES TO IDENTIFY & IMPLEMENT ACTIONS TO MITIGATE FINANCIAL IMPACT OF TARIFFS, INCLUDING RECENTLY ANNOUNCED PRICE INCREASES."TYPICALLY EXPERIENCE A DELAY BETWEEN INCURRING HIGHER COSTS AND REALIZING BENEFITS OF AN INCREASE IN SALES PRICES".BELIEVE ACTIONS WILL BEGIN TO OFFSET RECENT INFLATIONARY COST PRESSURES MIDWAY THROUGH OUR Q1 OF FISCAL 2019.CASH AND CASH EQUIVALENTS AT END OF Q4 OF FISCAL 2018 TOTALED $129 MILLION.  Full Article

Acuity Brands Reports Q3 Adj. Earnings Per Share Of $2.37
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Acuity Brands Inc ::ACUITY BRANDS REPORTS FISCAL 2018 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $2.37.Q3 EARNINGS PER SHARE $1.80.Q3 SALES $944 MILLION VERSUS I/B/E/S VIEW $898.9 MILLION.Q3 EARNINGS PER SHARE VIEW $2.17 -- THOMSON REUTERS I/B/E/S.ACUITY - IN Q3, RECOGNIZED PRE-TAX SPECIAL CHARGE OF $9.9 MILLION, DUE TO PLANNED CONSOLIDATION OF CERTAIN FACILITIES, REDUCTION IN EMPLOYEE HEADCOUNT.ACUITY BRANDS - ON JUNE 29, ENTERED INTO NEW CREDIT AGREEMENT THAT INCREASED CO'S BORROWING CAPACITY UNDER SUCH AGREEMENT TO $800 MILLION FROM $250 MILLION.  Full Article

Acuity Brands Announces Acquisition Of IOTA Engineering
Wednesday, 2 May 2018 

May 1 (Reuters) - Acuity Brands Inc ::ACUITY BRANDS, INC. ANNOUNCES ACQUISITION OF IOTA ENGINEERING.TERMS OF ACQUISITION WERE NOT DISCLOSED..ACQUISITION IS NOT EXPECTED TO MATERIALLY IMPACT COMPANY'S FISCAL 2018 CONSOLIDATED FINANCIAL PERFORMANCE.  Full Article

Acuity Brands Q1 Adjusted Earnings Per Share $1.94
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Acuity Brands Inc ::ACUITY BRANDS SAYS ESTIMATES Q2 TAX EXPENSE TO BE REDUCED BY APPROXIMATELY $30 MILLION FOR DISCRETE ITEMS.ACUITY BRANDS REPORTS FISCAL 2018 FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.94.Q1 EARNINGS PER SHARE $1.70.Q1 SALES $842.8 MILLION VERSUS I/B/E/S VIEW $879.3 MILLION.Q1 EARNINGS PER SHARE VIEW $2.11 -- THOMSON REUTERS I/B/E/S.  Full Article