• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Acuity Reports Fiscal 2025 Third-Quarter Results

    6/26/25 6:00:00 AM ET
    $AYI
    Building Products
    Consumer Discretionary
    Get the next $AYI alert in real time by email

    Strong Performance Delivers Sales Growth in Both Lighting and Intelligent Spaces

    • Delivered Net Sales of $1.2B, an Increase of 22% Compared to the Prior Year
    • Delivered Operating Profit of $140M, Down 4 % Compared to the Prior Year; Grew Adjusted Operating Profit to $222M, Up 33% Compared to the Prior Year
    • Delivered Diluted EPS of $3.12, Down 14% Compared to the Prior Year; Grew Adjusted Diluted EPS to $5.12, Up 23% Compared to the Prior Year

    ATLANTA, June 26, 2025 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE:AYI), ("Acuity"), a market-leading industrial technology company, delivered net sales of $1.2 billion in the third quarter of fiscal 2025 ended May 31, 2025, an increase of $210.5 million, or 21.7 percent, compared to the prior year.

    "We delivered strong performance in the third quarter of fiscal 2025," stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Inc. "We grew net sales, expanded our adjusted operating profit and adjusted operating profit margin and we increased our adjusted diluted earnings per share. We generated strong cash flow and allocated capital effectively. "

    During the third quarter of fiscal 2025, we 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.

    Operating profit was $139.8 million in the third quarter of fiscal 2025, a decrease of $5.5 million, or 3.8 percent, compared to the prior year. Operating profit as a percent of net sales was 11.9 percent in the third quarter of fiscal 2025, a decrease of 310 basis points compared to the prior year. Adjusted operating profit was $221.7 million in the third quarter of fiscal 2025, an increase of $54.6 million, or 32.7 percent, compared to the prior year. Adjusted operating profit as a percent of net sales was 18.8 percent in the third quarter of fiscal 2025, an increase of 150 basis points compared to the prior year.

    Diluted earnings per share was $3.12 in the third quarter of fiscal 2025, a decrease of $0.50, or 13.8 percent, compared to the prior year. Adjusted diluted earnings per share was $5.12 in the third quarter of fiscal 2025, an increase of $0.97, or 23.4 percent, from $4.15 in the prior year.

    Segment Performance

    Acuity Brands Lighting ("ABL")

    ABL generated net sales of $923.2 million in the third quarter of fiscal 2025, an increase of $24.7 million, or 2.7 percent, compared to the prior year.

    Operating profit was $134.0 million in the third quarter of fiscal 2025, a decrease of $17.5 million, or 11.6 percent, compared to the prior year. Operating profit as a percent of ABL net sales was 14.5 percent in the third quarter of fiscal 2025, a decrease of 240 basis points compared to the prior year. Adjusted operating profit was $173.9 million in the third quarter of fiscal 2025, an increase of $11.8 million, or 7.3 percent, compared to the prior year. Adjusted operating profit as a percent of ABL net sales was 18.8 percent in the third quarter of fiscal 2025, an increase of 80 basis points compared to the prior year.

    Acuity Intelligent Spaces ("AIS")

    AIS generated net sales of $264.1 million in the third quarter of fiscal 2025, an increase of $188.4 million, or 248.9 percent, compared to the prior year. Included in net sales are $172.8 million from three months of QSC performance.

    Operating profit was $27.4 million in the third quarter of fiscal 2025, an increase of $14.9 million compared to the prior year. Operating profit as a percent of AIS net sales was 10.4 percent in the third quarter of fiscal 2025, a decrease of 610 basis points compared to the prior year. Adjusted operating profit was $62.3 million in the third quarter of fiscal 2025, an increase of $45.0 million compared to the prior year. Adjusted operating profit as a percent of AIS net sales was 23.6 percent in the third quarter of fiscal 2025, an increase of 70 basis points compared to the prior year.

    Cash Flow and Capital Allocation

    Net cash from operating activities was $398.9 million for the first nine months of fiscal 2025. We closed the QSC acquisition and acquired M3 Innovation, increased our dividend by 13 percent to 17 cents per share and repurchased approximately 344,000 shares of common stock for a total of $91.3 million.

    Call Details

    We will host a conference call at 8:00 a.m. ET today, Thursday, June 26, 2025. Neil Ashe, Chief Executive Officer of Acuity Inc. will lead the call. The conference call and earnings release can be accessed via our Investor Relations section of our website at www.investors.acuityinc.com. A replay of the call will also be posted to the Investor Relations website within two hours of the completion of the conference call and will be available on the website for a limited time.

    About Acuity

    Acuity Inc. (NYSE:AYI) is a market-leading industrial technology company. We use technology to solve problems in spaces, light and more things to come. Through our two business segments, Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS), we design, manufacture, and bring to market products and services that make a valuable difference in people's lives.

    We achieve growth through the development of innovative new products and services, including lighting, lighting controls, building management solutions, and an audio, video and control platform. We focus on customer outcomes and drive growth and productivity to increase market share and deliver superior returns. We look to aggressively deploy capital to grow the business and to enter attractive new verticals.

    Acuity Inc. is based in Atlanta, Georgia, with operations across North America, Europe and Asia. The Company is powered by approximately 13,000 dedicated and talented associates. Visit us at www.acuityinc.com.

    Non-GAAP Financial Measures

    This news release includes the following non-generally accepted accounting principles ("GAAP") financial measures: "adjusted operating profit" and "adjusted operating profit margin" for total company and by segment; for total company only we additionally include: "adjusted gross profit", "adjusted gross profit margin", "adjusted net income;" "adjusted diluted EPS;" "earnings before interest, taxes, depreciation and amortization ("EBITDA");" "EBITDA margin;" "adjusted EBITDA;" and "adjusted EBITDA margin". These non-GAAP financial measures are provided to enhance the reader's overall understanding of our current financial performance and prospects for the future. Specifically, management believes that these non-GAAP measures provide useful information to investors by excluding or adjusting items for amortization of acquired intangible assets, share-based payment expense, acquired profit in inventory, acquisition-related items, and special charges.

    We also provide "free cash flow" ("FCF") to enhance the reader's understanding of our ability to generate additional cash from its business.

    Management typically adjusts for these items for internal reviews of performance and uses the above non-GAAP measures for baseline comparative operational analysis, decision making and other activities. Management believes these non-GAAP measures provide greater comparability and enhanced visibility into our results of operations as well as comparability with many of its peers, especially those companies focused more on technology and software. Non-GAAP financial measures included in this news release should be considered in addition to, and not as a substitute for or superior to, results prepared in accordance with GAAP.

    The most directly comparable GAAP measures for adjusted gross profit and adjusted gross profit margin for total company are "gross profit" and "gross profit margin," respectively, which include the impact of acquired profit in inventory. Adjusted gross profit margin is adjusted gross profit divided by net sales for total company. The most directly comparable GAAP measures for adjusted operating profit and adjusted operating profit margin for total company and by segment are "operating profit" and "operating profit margin," respectively, which include the impact of amortization of acquired intangible assets, share-based payment expense, acquired profit in inventory, acquisition-related costs, and special charges. Adjusted operating profit margin is adjusted operating profit divided by net sales for total company and by segment. The most directly comparable GAAP measures for adjusted net income and adjusted diluted EPS are "net income" and "diluted EPS," respectively, which include the impact of amortization of acquired intangible assets, share-based payment expense, acquired profit in inventory, acquisition-related costs, and special charges. Adjusted diluted EPS is adjusted net income divided by diluted weighted average shares outstanding. The most directly comparable GAAP measure for EBITDA is "net income", which includes the impact of net interest expense, income taxes, depreciation and amortization of acquired intangible assets. EBITDA margin is EBITDA divided by net sales for total company. The most directly comparable GAAP measure for adjusted EBITDA is "net income", which includes the impact of net interest expense, income taxes, depreciation, amortization of acquired intangible assets, share-based payment expense, acquired profit in inventory, acquisition-related items, special charges, and miscellaneous (income) expense, net. Adjusted EBITDA margin is adjusted EBITDA divided by net sales for total company. A reconciliation of each measure to the most directly comparable GAAP measure is available in this news release.

    We define FCF as net cash provided by operating activities less purchases of property, plant and equipment. A calculation of this measure is available in this news release.

    Our non-GAAP financial measures may not be comparable to similarly titled non-GAAP financial measures used by other companies, have limitations as an analytical tool, and should not be considered in isolation or as a substitute for GAAP financial measures. Our presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that our future results will be unaffected by other unusual or non-recurring items.

    Forward-Looking Information

    This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include, but are not limited to, statements that describe or relate to our plans, initiatives, projections, vision, goals, targets, commitments, expectations, objectives, prospects, strategies, or financial outlook, and the assumptions underlying or relating thereto. In some cases, we may use words such as "expect," "believe," "intend," "anticipate," "estimate," "forecast," "indicate," "project," "predict," "plan," "may," "will," "could," "should," "would," "potential," and words of similar meaning, as well as other words or expressions referencing future events, conditions, or circumstances, to identify forward-looking statements. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Act. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on our current beliefs, expectations, and assumptions, which may not prove to be accurate, and are subject to known and unknown risks and uncertainties, assumptions, and other important factors, many of which are outside of our control and any of which could cause our actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties are discussed in our filings with the U.S. Securities and Exchange Commission, including our most recent annual report on Form 10-K (including, but not limited to, the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), quarterly reports on Form 10-Q, and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. This press release is not comprehensive, and for that reason, should be read in conjunction with such filings. You are cautioned not to place undue reliance on any forward-looking statements. Except as required by law, we undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, or otherwise.

        
    ACUITY INC.

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (In millions, except per-share data)
        
     May 31, 2025 August 31, 2024
     (unaudited)  
    ASSETS   
    Current assets:   
    Cash and cash equivalents$371.8  $845.8 
    Accounts receivable, less reserve for doubtful accounts of $2.6 and $1.9, respectively 608.6   563.0 
    Inventories 486.0   387.6 
    Prepayments and other current assets 122.6   75.1 
    Total current assets 1,589.0   1,871.5 
    Property, plant, and equipment, net 323.8   303.9 
    Operating lease right-of-use assets 77.8   65.6 
    Goodwill 1,492.6   1,098.7 
    Intangible assets, net 1,108.3   440.5 
    Deferred income taxes 21.1   2.3 
    Other long-term assets 33.7   32.1 
    Total assets$4,646.3  $3,814.6 
    LIABILITIES AND STOCKHOLDERS' EQUITY   
    Current liabilities:   
    Accounts payable$409.0  $352.3 
    Current operating lease liabilities 23.3   19.2 
    Accrued compensation 110.2   110.1 
    Other current liabilities 257.0   206.3 
    Total current liabilities 799.5   687.9 
    Long-term debt 996.7   496.2 
    Long-term operating lease liabilities 65.6   58.1 
    Accrued pension liabilities 37.8   37.5 
    Deferred income taxes 14.3   26.0 
    Other long-term liabilities 148.4   130.1 
    Total liabilities 2,062.3   1,435.8 
    Stockholders' equity:   
    Preferred stock, $0.01 par value per share; 50.0 shares authorized; none issued —   — 
    Common stock, $0.01 par value per share; 500.0 shares authorized; 54.9 and 54.6 issued, respectively 0.5   0.5 
    Paid-in capital 1,143.5   1,115.9 
    Retained earnings 4,177.1   3,909.8 
    Accumulated other comprehensive loss (114.6)  (114.9)
    Treasury stock, at cost, of 24.2 and 23.8 shares, respectively (2,622.5)  (2,532.5)
    Total stockholders' equity 2,584.0   2,378.8 
    Total liabilities and stockholders' equity$4,646.3  $3,814.6 
            



    ACUITY INC.

    CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

    (In millions, except per-share data)
        
     Three Months Ended Nine Months Ended
     May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024
    Net sales$1,178.6  $968.1  $3,136.5  $2,808.7 
    Cost of products sold 608.4   515.9   1,649.0   1,515.7 
    Gross profit 570.2   452.2   1,487.5   1,293.0 
    Selling, distribution, and administrative expenses 400.7   306.9   1,074.5   896.7 
    Special charges 29.7   —   29.7   — 
    Operating profit 139.8   145.3   383.3   396.3 
    Other expense:       
    Interest expense (income), net 12.1   (1.8)  15.0   (1.0)
    Miscellaneous expense (income), net 2.3   (0.5)  5.8   1.2 
    Total other expense (income) 14.4   (2.3)  20.8   0.2 
    Income before income taxes 125.4   147.6   362.5   396.1 
    Income tax expense 27.0   33.7   79.9   92.4 
    Net income$98.4  $113.9  $282.6  $303.7 
            
    Earnings per share(1):       
    Basic earnings per share$3.19  $3.70  $9.14  $9.83 
    Basic weighted average number of shares outstanding 30.851   30.829   30.912   30.905 
    Diluted earnings per share$3.12  $3.62  $8.92  $9.67 
    Diluted weighted average number of shares outstanding 31.565   31.477   31.673   31.420 
    Dividends declared per share$0.17  $0.15  $0.49  $0.43 

    (1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.

    ACUITY INC.

    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

    (In millions)
      
     Nine Months Ended
     May 31, 2025 May 31, 2024
    Cash flows from operating activities:   
    Net income$282.6  $303.7 
    Adjustments to reconcile net income to cash flows from operating activities:   
    Depreciation and amortization 86.7   68.5 
    Share-based payment expense 34.0   34.9 
    Asset impairments 16.7   — 
    Changes in operating assets and liabilities, net of acquisitions and divestitures:   
    Accounts receivable 10.4   42.5 
    Inventories 5.1   (1.2)
    Prepayments and other current assets (31.9)  (16.3)
    Accounts payable 38.1   40.4 
    Other operating activities (42.8)  (27.4)
    Net cash provided by operating activities 398.9   445.1 
    Cash flows from investing activities:   
    Purchases of property, plant, and equipment (43.6)  (41.0)
    Acquisition of business, net of cash acquired (1,189.4)  — 
    Other investing activities (16.3)  (3.6)
    Net cash used for investing activities (1,249.3)  (44.6)
    Cash flows from financing activities:   
    Borrowings from term loan 600.0   — 
    Repayments of term loan borrowings (100.0)  — 
    Repurchases of common stock (91.3)  (88.7)
    Proceeds from stock option exercises and other 17.5   12.0 
    Payments of taxes withheld on net settlement of equity awards (24.0)  (10.4)
    Dividends paid (15.3)  (13.4)
    Other financing activities (9.3)  — 
    Net cash provided by (used for) financing activities 377.6   (100.5)
    Effect of exchange rate changes on cash and cash equivalents (1.2)  1.1 
    Net change in cash and cash equivalents (474.0)  301.1 
    Cash and cash equivalents at beginning of period 845.8   397.9 
    Cash and cash equivalents at end of period$371.8  $699.0 
            



    ACUITY INC.

    DISAGGREGATED NET SALES

    (In millions)
        
    The following tables show net sales by channel for the periods presented:
        
     Three Months Ended  
     May 31, 2025 May 31, 2024 Increase

    (Decrease)
     Percent Change
    Acuity Brands Lighting:       
    Independent sales network$685.3  $637.1  $48.2  7.6%
    Direct sales network 101.5   97.0   4.5  4.6%
    Retail sales 41.4   45.7   (4.3) (9.4)%
    Corporate accounts 35.5   60.5   (25.0) (41.3)%
    Original equipment manufacturer and other 59.5   58.2   1.3  2.2%
    Total Acuity Brands Lighting 923.2   898.5   24.7  2.7%
    Acuity Intelligent Spaces 264.1   75.7   188.4  248.9%
    Eliminations (8.7)  (6.1)  (2.6) 42.6%
    Total$1,178.6  $968.1  $210.5  21.7%
                   



     Nine Months Ended  
     May 31, 2025 May 31, 2024 Increase

    (Decrease)
     Percent Change
    Acuity Brands Lighting:       
    Independent sales network$1,944.4  $1,874.6  $69.8  3.7%
    Direct sales network 306.1   287.4   18.7  6.5%
    Retail sales 127.3   147.7   (20.4) (13.8)%
    Corporate accounts 103.8   140.1   (36.3) (25.9)%
    Original equipment manufacturer and other 168.2   168.6   (0.4) (0.2)%
    Total Acuity Brands Lighting 2,649.8   2,618.4   31.4  1.2%
    Acuity Intelligent Spaces 509.1   208.0   301.1  144.8%
    Eliminations (22.4)  (17.7)  (4.7) 26.6%
    Total$3,136.5  $2,808.7  $327.8  11.7%
                   



    ACUITY INC.

    Reconciliation of Non-U.S. GAAP Measures
             
    The tables below reconcile certain GAAP financial measures to the corresponding non-GAAP measures for total Company as well as our reportable operating segments (in millions except per share data):
                      
     Three Months Ended       
     May 31, 2025    May 31, 2024    Increase

    (Decrease)
     Percent

    Change
    Net sales$1,178.6     $968.1     $210.5  21.7%
                  
    Gross profit (GAAP)$570.2     $452.2     $118.0  26.1%
    Percent of net sales  48.4%   46.7%  170  bps
    Add-back: Acquired profit in inventory 19.2      —        
    Adjusted gross profit (Non-GAAP)$589.4     $452.2     $137.2  30.3%
    Percent of net sales  50.0%   46.7%  330  bps
                  
    Operating profit (GAAP)$139.8     $145.3     $(5.5) (3.8)%
    Percent of net sales (GAAP)  11.9%   15.0%  (310) bps
    Add-back: Amortization of acquired intangible assets 20.0      10.0        
    Add-back: Share-based payment expense 10.5      11.8        
    Add-back: Acquisition-related costs (1) 2.5      —        
    Add-back: Acquired profit in inventory 19.2      —        
    Add-back: Special charges 29.7      —        
    Adjusted operating profit (Non-GAAP)$221.7     $167.1     $54.6  32.7%
    Percent of net sales (Non-GAAP)  18.8%   17.3%  150  bps
                  
    Net income (GAAP)$98.4     $113.9     $(15.5) (13.6)%
    Add-back: Amortization of acquired intangible assets 20.0      10.0        
    Add-back: Share-based payment expense 10.5      11.8        
    Add-back: Acquisition-related costs (1) 2.5      —        
    Add-back: Acquired profit in inventory 19.2      —        
    Add-back: Special charges 29.7      —        
    Total pre-tax adjustments to net income 81.9      21.8        
    Income tax effects (18.8)     (5.0)       
    Adjusted net income (Non-GAAP)$161.5     $130.7     $30.8  23.6%
                  
    Diluted earnings per share (GAAP)$3.12     $3.62     $(0.50) (13.8)%
    Adjusted diluted earnings per share (Non-GAAP)$5.12     $4.15     $0.97  23.4%
                  
    Net income (GAAP)$98.4     $113.9     $(15.5) (13.6)%
    Percent of net sales (GAAP)  8.3%   11.8%  (350) bps
    Interest expense (income), net 12.1      (1.8)       
    Income tax expense 27.0      33.7        
    Depreciation 14.6      12.9        
    Amortization of acquired intangible assets 20.0      10.0        
    EBITDA (Non-GAAP) 172.1      168.7      3.4  2.0%
    Percent of net sales (Non-GAAP)  14.6%   17.4%  (280) bps
    Share-based payment expense 10.5      11.8        
    Acquisition-related costs (1) 2.5      —        
    Acquired profit in inventory 19.2      —        
    Miscellaneous expense (income), net 2.3      (0.5)       
    Special charges 29.7      —        
    Adjusted EBITDA (Non-GAAP)$236.3     $180.0     $56.3  31.3%
    Percent of net sales (Non-GAAP)  20.0%   18.6%  140  bps

    (1) Acquisition-related items include professional fees.

      Three Months Ended    
    Acuity Brands Lighting May 31, 2025 May 31, 2024 Increase

    (Decrease)
     Percent Change
    Net sales $923.2  $898.5  $24.7  2.7%
             
    Operating profit (GAAP) $134.0  $151.5  $(17.5) (11.6)%
    Add-back: Amortization of acquired intangible assets  6.3   6.6     
    Add-back: Share-based payment expense  3.9   4.0     
    Add-back: Special charges  29.7   —     
    Adjusted operating profit (Non-GAAP) $173.9  $162.1  $11.8  7.3%
             
    Operating profit margin (GAAP)  14.5%  16.9%  (240) bps
    Adjusted operating profit margin (Non-GAAP)  18.8%  18.0%  80  bps
                   



      Three Months Ended    
    Acuity Intelligent Spaces May 31, 2025 May 31, 2024 Increase

    (Decrease)
     Percent Change
    Net sales $264.1  $75.7  $188.4  248.9%
             
    Operating profit (GAAP) $27.4  $12.5  $14.9  119.2%
    Add-back: Amortization of acquired intangible assets  13.7   3.4     
    Add-back: Share-based payment expense  2.0   1.4     
    Add-back: Acquired profit in inventory  19.2   —     
    Adjusted operating profit (Non-GAAP) $62.3  $17.3  $45.0  260.1%
             
    Operating profit margin (GAAP)  10.4%  16.5%  (610) bps
    Adjusted operating profit margin (Non-GAAP)  23.6%  22.9%  70  bps
                   



    (In millions, except per share data)Nine Months Ended      
     May 31, 2025    May 31, 2024    Increase

    (Decrease)


     Percent

    Change
    Net sales$3,136.5     $2,808.7     $327.8  11.7%
                 
    Gross profit (GAAP)$1,487.5     $1,293.0     $194.5  15.0%
    Percent of net sales (GAAP)  47.4%   46.0%  140  bps
    Add-back: Acquired profit in inventory 29.6      —       
    Adjusted gross profit (Non-GAAP)$1,517.1     $1,293.0     $224.1  17.3%
    Percent of net sales (Non-GAAP)  48.4%   46.0%  240  bps
                 
    Operating profit (GAAP)$383.3     $396.3     $(13.0) (3.3)%
    Percent of net sales (GAAP)  12.2%   14.1%  (190) bps
    Add-back: Amortization of acquired intangible assets 45.5      29.9       
    Add-back: Share-based payment expense 34.0      34.9       
    Add-back: Acquisition-related costs (1) 21.2      —       
    Add-back: Acquired profit in inventory 29.6      —       
    Add-back: Special charges 29.7      —       
    Adjusted operating profit (Non-GAAP)$543.3     $461.1     $82.2  17.8%
    Percent of net sales (Non-GAAP)  17.3%   16.4%  90  bps
                 
    Net income (GAAP)$282.6     $303.7     $(21.1) (6.9)%
    Add-back: Amortization of acquired intangible asset 45.5      29.9       
    Add-back: Share-based payment expense 34.0      34.9       
    Add-back: Acquisition-related costs (1) 21.2      —       
    Add-back: Acquired profit in inventory 29.6      —       
    Add-back: Special charges 29.7      —       
    Total pre-tax adjustments to net income 160.0      64.8       
    Income tax effect (36.8)     (14.9)      
    Adjusted net income (Non-GAAP)$405.8     $353.6     $52.2  14.8%
                 
    Diluted earnings per share (GAAP)$8.92     $9.67     $(0.75) (7.8)%
    Adjusted diluted earnings per share (Non-GAAP)$12.81     $11.25     $1.56  13.9%
                 
    Net income (GAAP)$282.6     $303.7     $(21.1) (6.9)%
    Percent of net sales (GAAP)  9.0%   10.8%  (180) bps
    Interest expense (income), net 15.0      (1.0)      
    Income tax expense 79.9      92.4       
    Depreciation 41.2      38.6       
    Amortization 45.5      29.9       
    EBITDA (Non-GAAP) 464.2      463.6      0.6  0.1%
    Percent of net sales (Non-GAAP)  14.8%   16.5%  (170) bps
    Share-based payment expense 34.0      34.9       
    Miscellaneous expense, net 5.8      1.2       
    Special charges 29.7      —       
    Acquisition-related costs (1) 21.2      —       
    Acquired profit in inventory 29.6      —       
    Adjusted EBITDA (Non-GAAP)$584.5     $499.7     $84.8  17.0%
    Percent of net sales (Non-GAAP)  18.6%   17.8%  80  bps

    (1) Acquisition-related items include professional fees.

      Nine Months Ended    
    Acuity Brands Lighting May 31, 2025 May 31, 2024 Increase

    (Decrease)
     Percent Change
    Net sales $2,649.8  $2,618.4  $31.4  1.2%
             
    Operating profit (GAAP) $407.6  $421.3  $(13.7) (3.3)%
    Add-back: Amortization of acquired intangible assets  19.0   19.7     
    Add-back: Share-based payment expense  12.4   11.3     
    Add-back: Special charges  29.7   —     
    Adjusted operating profit (Non-GAAP) $468.7  $452.3  $16.4  3.6%
             
    Operating profit margin (GAAP)  15.4%  16.1%  (70) bps
    Adjusted operating profit margin (Non-GAAP)  17.7%  17.3%  40  bps
                   



      Nine Months Ended    
    Acuity Intelligent Spaces May 31, 2025 May 31, 2024 Increase

    (Decrease)
     Percent Change
    Net sales $509.1  $208.0  $301.1  144.8%
             
    Operating profit (GAAP) $48.1  $26.9  $21.2  78.8%
    Add-back: Amortization of acquired intangible assets  26.5   10.2     
    Add-back: Share-based payment expense  5.5   4.8     
    Add-back: Acquired profit in inventory  29.6   —     
    Adjusted operating profit (Non-GAAP) $109.7  $41.9  $67.8  161.8%
             
    Operating profit margin (GAAP)  9.4%  12.9%  (350) bps
    Adjusted operating profit margin (Non-GAAP)  21.5%  20.1%  140  bps
                   



     Nine Months Ended     
     May 31, 2025 May 31, 2024 Increase

    (Decrease)
     Percent Change 
    Net cash provided by operating activities (GAAP)$398.9  $445.1  $(46.2) (10.4)%
    Less: Purchases of property, plant, and equipment (43.6)  (41.0)     
    Free cash flow (Non-GAAP)$355.3  $404.1  $(48.8) (12.1)%
                   

    Investor Contact:

    Charlotte McLaughlin

    Vice President, Investor Relations

    (404) 853-1456

    [email protected]

    Media Contact:

    April Appling

    Senior Vice President, Corporate Marketing and Communications

    [email protected]



    Primary Logo

    Get the next $AYI alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $AYI

    DatePrice TargetRatingAnalyst
    1/14/2025$304.00 → $370.00Equal-Weight → Overweight
    Morgan Stanley
    1/6/2025$304.00Equal-Weight
    Morgan Stanley
    1/2/2025Mkt Perform → Outperform
    William Blair
    6/28/2024$295.00 → $260.00Overweight → Equal Weight
    Wells Fargo
    4/4/2024$250.00 → $315.00Outperform
    Oppenheimer
    12/16/2022$200.00 → $190.00Outperform → Neutral
    Robert W. Baird
    6/23/2022Outperform → Mkt Perform
    William Blair
    1/10/2022$237.00 → $245.00Outperform
    Credit Suisse
    More analyst ratings

    $AYI
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Acuity Reports Fiscal 2025 Third-Quarter Results

      Strong Performance Delivers Sales Growth in Both Lighting and Intelligent Spaces Delivered Net Sales of $1.2B, an Increase of 22% Compared to the Prior YearDelivered Operating Profit of $140M, Down 4 % Compared to the Prior Year; Grew Adjusted Operating Profit to $222M, Up 33% Compared to the Prior YearDelivered Diluted EPS of $3.12, Down 14% Compared to the Prior Year; Grew Adjusted Diluted EPS to $5.12, Up 23% Compared to the Prior Year ATLANTA, June 26, 2025 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE:AYI), ("Acuity"), a market-leading industrial technology company, delivered net sales of $1.2 billion in the third quarter of fiscal 2025 ended May 31, 2025, an increase of $210.5 million, or

      6/26/25 6:00:00 AM ET
      $AYI
      Building Products
      Consumer Discretionary
    • Acuity Inc. Declares Quarterly Dividend

      Atlanta, June 25, 2025 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE:AYI) will pay a quarterly dividend of 17 cents per share. The dividend is payable on August 1, 2025, to shareholders of record on July 18, 2025.   About Acuity  Acuity Inc. (NYSE:AYI) is a market-leading industrial technology company. We use technology to solve problems in spaces, light and more things to come. Through our two business segments, Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS), we design, manufacture, and bring to market products and services that make a valuable difference in people's lives. We achieve growth through the development of innovative new products and services, including lighting,

      6/25/25 4:10:00 PM ET
      $AYI
      Building Products
      Consumer Discretionary
    • Acuity to Announce Fiscal 2025 Third-Quarter Results on June 26, 2025

      ATLANTA, May 29, 2025 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE:AYI) (the "Company") will release fiscal 2025 third quarter results on Thursday, June 26, 2025 at 6:00 a.m. ET, followed by a conference call at 8:00 a.m. ET. Neil Ashe, Chief Executive Officer of Acuity Inc., will lead the call. The webcast, earnings release, and supplemental presentation can be accessed via the Investor Relations section of the Company's website at investors.acuityinc.com on Thursday, June 26, 2025. The online replay will remain available for a limited time following the call. A replay of the call will also be posted to the Investor Relations site two hours after the completion of the conference call and will

      5/29/25 4:30:00 PM ET
      $AYI
      Building Products
      Consumer Discretionary

    $AYI
    SEC Filings

    See more
    • Acuity Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - ACUITY INC. (DE) (0001144215) (Filer)

      6/26/25 7:22:56 AM ET
      $AYI
      Building Products
      Consumer Discretionary
    • SEC Form 10-Q filed by Acuity Inc.

      10-Q - ACUITY INC. (DE) (0001144215) (Filer)

      6/26/25 7:18:21 AM ET
      $AYI
      Building Products
      Consumer Discretionary
    • SEC Form 11-K filed by Acuity Inc.

      11-K - ACUITY INC. (DE) (0001144215) (Filer)

      6/25/25 2:18:00 PM ET
      $AYI
      Building Products
      Consumer Discretionary

    $AYI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SVP & General Counsel Goldman Barry R exercised 2,325 shares at a strike of $239.76 and sold $1,230,504 worth of shares (4,125 units at $298.30), decreasing direct ownership by 21% to 6,638 units (SEC Form 4)

      4 - ACUITY INC. (DE) (0001144215) (Issuer)

      7/3/25 4:21:01 PM ET
      $AYI
      Building Products
      Consumer Discretionary
    • SVP & Chief Financial Officer Holcom Karen J sold $1,806,240 worth of shares (6,000 units at $301.04), decreasing direct ownership by 24% to 18,696 units (SEC Form 4)

      4 - ACUITY INC. (DE) (0001144215) (Issuer)

      7/1/25 4:38:11 PM ET
      $AYI
      Building Products
      Consumer Discretionary
    • Amendment: SEC Form 4 filed by Director Sachleben Mark

      4/A - ACUITY BRANDS INC (0001144215) (Issuer)

      3/14/25 4:09:31 PM ET
      $AYI
      Building Products
      Consumer Discretionary

    $AYI
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Leibman Maya bought $49,782 worth of shares (200 units at $248.91) (SEC Form 4)

      4 - ACUITY BRANDS INC (0001144215) (Issuer)

      4/26/24 4:11:30 PM ET
      $AYI
      Building Products
      Consumer Discretionary

    $AYI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Acuity Brands upgraded by Morgan Stanley with a new price target

      Morgan Stanley upgraded Acuity Brands from Equal-Weight to Overweight and set a new price target of $370.00 from $304.00 previously

      1/14/25 7:39:14 AM ET
      $AYI
      Building Products
      Consumer Discretionary
    • Morgan Stanley initiated coverage on Acuity Brands with a new price target

      Morgan Stanley initiated coverage of Acuity Brands with a rating of Equal-Weight and set a new price target of $304.00

      1/6/25 8:59:16 AM ET
      $AYI
      Building Products
      Consumer Discretionary
    • Acuity Brands upgraded by William Blair

      William Blair upgraded Acuity Brands from Mkt Perform to Outperform

      1/2/25 8:39:19 AM ET
      $AYI
      Building Products
      Consumer Discretionary

    $AYI
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Acuity Brands Inc.

      SC 13G/A - ACUITY BRANDS INC (0001144215) (Subject)

      11/12/24 9:50:12 AM ET
      $AYI
      Building Products
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Acuity Brands Inc. (Amendment)

      SC 13G/A - ACUITY BRANDS INC (0001144215) (Subject)

      2/13/24 4:55:56 PM ET
      $AYI
      Building Products
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Acuity Brands Inc. (Amendment)

      SC 13G/A - ACUITY BRANDS INC (0001144215) (Subject)

      2/9/24 8:35:54 AM ET
      $AYI
      Building Products
      Consumer Discretionary

    $AYI
    Leadership Updates

    Live Leadership Updates

    See more
    • Acuity Brands Appoints Sach Sankpal to Lead Lighting Business

      ATLANTA, July 30, 2024 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE:AYI) ("Acuity"), a market-leading industrial technology company, announced that Sach Sankpal, SVP and Chief Growth and Transformation Officer, has been appointed as President of Acuity Brands Lighting and Lighting Controls ("ABL"). "Since joining Acuity two years ago, Sach has been a positive influence on our performance and our culture," stated Neil Ashe, Chairman, President and CEO of Acuity Brands, Inc. "He brings over 30 years of experience accelerating transformation, driving innovation and positioning global industrial technology organizations for future growth."  Trevor Palmer, the current President of the AB

      7/30/24 4:15:00 PM ET
      $AYI
      Building Products
      Consumer Discretionary
    • ScanSource Announces Appointment of New Board Member

      Vernon Nagel brings extensive executive leadership experience and financial expertise to the ScanSource Board of Directors ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Vernon J. Nagel to its Board of Directors, effective August 16, 2023. Mr. Nagel's appointment expands the Board to nine members. Mr. Nagel brings extensive executive leadership, financial and accounting expertise to the ScanSource Board of Directors. Mr. Nagel served as Executive Chairman of Acuity Brands, Inc. (NYSE:AYI), a publicly traded industrial technology company from February 2020 until his retirement in December 2020. Mr. Nagel pr

      8/21/23 4:05:00 PM ET
      $AYI
      $AZEK
      $SCSC
      Building Products
      Consumer Discretionary
      Plastic Products
      Industrials
    • Included Health Appoints Michael Bender to Board of Directors

      Former Doctor On Demand CEO, Hill Ferguson, steps down Included Health, the first company to fully integrate navigation and virtual care, today announced the appointment of Michael Bender to the company's Board of Directors. The board will continue with seven seats. At the same time Hill Ferguson, former chief executive officer of Doctor On Demand, is leaving his seat, as planned during the merger of Doctor On Demand and Grand Rounds Health. Owen Tripp, chief executive officer of Included Health, said, "Michael knows healthcare and he knows operations. He's scaled some of the strongest brands in the market today and understands how to tackle complex challenges in our industry. I look forw

      11/4/22 9:00:00 AM ET
      $AYI
      $KSS
      Building Products
      Consumer Discretionary
      Department/Specialty Retail Stores

    $AYI
    Financials

    Live finance-specific insights

    See more
    • Acuity Reports Fiscal 2025 Third-Quarter Results

      Strong Performance Delivers Sales Growth in Both Lighting and Intelligent Spaces Delivered Net Sales of $1.2B, an Increase of 22% Compared to the Prior YearDelivered Operating Profit of $140M, Down 4 % Compared to the Prior Year; Grew Adjusted Operating Profit to $222M, Up 33% Compared to the Prior YearDelivered Diluted EPS of $3.12, Down 14% Compared to the Prior Year; Grew Adjusted Diluted EPS to $5.12, Up 23% Compared to the Prior Year ATLANTA, June 26, 2025 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE:AYI), ("Acuity"), a market-leading industrial technology company, delivered net sales of $1.2 billion in the third quarter of fiscal 2025 ended May 31, 2025, an increase of $210.5 million, or

      6/26/25 6:00:00 AM ET
      $AYI
      Building Products
      Consumer Discretionary
    • Acuity Inc. Declares Quarterly Dividend

      Atlanta, June 25, 2025 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE:AYI) will pay a quarterly dividend of 17 cents per share. The dividend is payable on August 1, 2025, to shareholders of record on July 18, 2025.   About Acuity  Acuity Inc. (NYSE:AYI) is a market-leading industrial technology company. We use technology to solve problems in spaces, light and more things to come. Through our two business segments, Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS), we design, manufacture, and bring to market products and services that make a valuable difference in people's lives. We achieve growth through the development of innovative new products and services, including lighting,

      6/25/25 4:10:00 PM ET
      $AYI
      Building Products
      Consumer Discretionary
    • Acuity to Announce Fiscal 2025 Third-Quarter Results on June 26, 2025

      ATLANTA, May 29, 2025 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE:AYI) (the "Company") will release fiscal 2025 third quarter results on Thursday, June 26, 2025 at 6:00 a.m. ET, followed by a conference call at 8:00 a.m. ET. Neil Ashe, Chief Executive Officer of Acuity Inc., will lead the call. The webcast, earnings release, and supplemental presentation can be accessed via the Investor Relations section of the Company's website at investors.acuityinc.com on Thursday, June 26, 2025. The online replay will remain available for a limited time following the call. A replay of the call will also be posted to the Investor Relations site two hours after the completion of the conference call and will

      5/29/25 4:30:00 PM ET
      $AYI
      Building Products
      Consumer Discretionary