Acuity Brands' Q4 Earnings & Sales Top Estimates, Stock Up [Yahoo! Finance]
Acuity Brands, Inc. (AYI)
Last acuity brands, inc. earnings: 4/2 08:39 am
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acuitybrands.com/investors
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Source: Yahoo! Finance
AYI reported solid results in fourth-quarter fiscal 2024 (ended Aug. 31, 2024), with earnings and net sales surpassing the Zacks Consensus Estimate. Earnings beat the consensus mark for the 18th consecutive quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. While the Intelligent Spaces Group or ISG segment saw robust sales growth, the ABL segment showed tepid growth in the quarter. This mixed performance reflects the broader market dynamics, where traditional lighting may face headwinds, while intelligent spaces and connected solutions continue to gain traction. Acuity Brands' ability to significantly improve its operating margins despite a modest gain in overall sales underscores its focus on operational efficiency and cost management. The company successfully expanded its gross and operating profit margins, driven by cost-saving initiatives across segments. Following the results, the stock inched up 2% on Oct. 1, 2024. Acuity Brands Inc Pric
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News
- Acuity Brands, Inc. (NYSE:AYI) Shares Could Be 21% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- Acuity Brands, Inc. (NYSE: AYI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Growth Trends in the Commercial LED Lighting Market, 2025-2030: A Forecasted $27.38 Billion Industry by 2030 [Yahoo! Finance]Yahoo! Finance
- Acuity Brands Announces 2024 EarthLIGHT Report [Yahoo! Finance]Yahoo! Finance
- Acuity Brands Announces 2024 EarthLIGHT ReportGlobeNewswire
AYI
Earnings
- 10/1/24 - Beat
AYI
Sec Filings
- 12/12/24 - Form ARS
- 12/12/24 - Form DEFA14A
- 12/12/24 - Form DEF
- AYI's page on the SEC website