Earnings Alerts

Acuity Brands (AYI) Earnings: 4Q Adjusted EPS Surpasses Estimates at $4.30

  • Adjusted EPS of $4.30, beating the estimate of $4.28
  • Adjusted net income of $135.5 million, surpassing the estimate of $135 million
  • Net sales totaled $1.03 billion, exceeding the estimate of $1.02 billion
  • Acuity Brands Lighting & Lighting Controls net sales reached $955.0 million, above the estimate of $941.4 million
  • Independent sales network net sales came in at $677.1 million, higher than the estimate of $669.2 million
  • Direct sales network net sales were $109.6 million, exceeding the estimate of $108.3 million
  • Retail sales net sales were $42.6 million, slightly below the estimate of $45 million
  • Corporate accounts net sales hit $65.8 million, surpassing the estimate of $60.1 million
  • Intelligent Spaces Group net sales amounted to $83.9 million, outperforming the estimate of $81.4 million
  • Gross profit was $488.7 million, beating the estimate of $474.3 million
  • Adjusted operating profit stood at $178.5 million, higher than the estimate of $169 million
  • Adjusted operating margin was 17.3%, above the estimate of 16.9%
  • Analyst recommendations: 2 buys, 5 holds, 1 sell

Acuity Brands on Smartkarma



Analyst coverage of Acuity Brands on Smartkarma has been positive, with Baptista Research publishing a report titled “Acuity Brands: How Will The Ongoing Product and Service Innovation Impact Future Growth? – Major Drivers”. The report highlights Acuity Brands as a leader in the lighting and building management solutions industry, showcasing a robust fiscal second quarter for 2024. The analysis emphasizes solid execution across operational and financial metrics, with all business segments contributing positively. Key areas of focus include adjusted operating profit, margin expansion, and increased adjusted diluted earnings per share. Acuity Brands has strategically aligned its portfolio to focus on margin-accretive products and efficient capital allocation to drive value creation.



A look at Acuity Brands Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts utilizing the Smartkarma Smart Scores have determined that Acuity Brands, a company specializing in indoor and outdoor lighting systems, has a promising long-term outlook. With commendable scores in Growth, Resilience, and Momentum, Acuity Brands seems poised for sustainable expansion and enduring strength in the market. Its ability to adapt to changing circumstances and maintain positive momentum bodes well for its future prospects.

Despite facing some challenges in the Value and Dividend categories, Acuity Brands‘ overall outlook remains optimistic. The company’s focus on innovation and growth, coupled with its resilience and strong momentum, indicate a positive trajectory ahead. Investors may find Acuity Brands to be a compelling choice for long-term investment opportunities based on its strategic positioning within the lighting and control systems industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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