Acuity Brands 1Q Sales Rise But Short of Wall Street's Estimates

Dow Jones

01-08

By Denny Jacob

Acuity Brands posted an increase in sales in its latest quarter but failed to clear Wall Street's estimates.

The lighting-controls and building-technology company logged net income of $106.7 million, or $3.35 a share, for the first quarter ended Nov. 30, up from $100.6 million, or $3.21 a share, a year earlier.

Stripping out one-time items, earnings were $3.97 a share. Analysts polled by FactSet expected $3.90 a share.

Sales rose to $951.6 million from $934.7 million. Analysts polled by FactSet expected $955.6 million.

Sales from its lighting and light-control business ticked up 1.1% to $886 million from a year earlier, while its smaller intelligent spaces unit increased 15% during the same period to $73.5 million.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

January 08, 2025 06:20 ET (11:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts polled by FactSet expected $3.90 a share. \n</p>\n<p>\n  Sales rose to $951.6 million from $934.7 million. Analysts polled by FactSet expected $955.6 million. \n</p>\n<p>\n  Sales from its lighting and light-control business ticked up 1.1% to $886 million from a year earlier, while its smaller intelligent spaces unit increased 15% during the same period to $73.5 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2025 06:20 ET (11:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AYI","symbol_name":"Acuity Brands Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501774722","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501774722","pubTimestamp":1736335200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Acuity Brands posted an increase in sales in its latest quarter but failed to clear Wall Street's estimates.The lighting-controls and building-technology company logged net income of $106.7 million, or $3.35 a share, for the first quarter ended Nov. 30, up from $100.6 million, or $3.21 a share, a year earlier.Stripping out one-time items, earnings were $3.97 a share. 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Analysts polled by FactSet expected $3.90 a share. \n\n\n  Sales rose to $951.6 million from $934.7 million. Analysts polled by FactSet expected $955.6 million. \n\n\n  Sales from its lighting and light-control business ticked up 1.1% to $886 million from a year earlier, while its smaller intelligent spaces unit increased 15% during the same period to $73.5 million. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 08, 2025 06:20 ET (11:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}