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Stock impact report

Acuity Sees Explosive Growth In Intelligent Spaces Segment [Yahoo! Finance]

Acuity Brands, Inc. (AYI) 
Last acuity brands, inc. earnings: 4/2 08:39 am Check Earnings Report
US:NYSE Investor Relations: acuitybrands.com/investors
Company Research Source: Yahoo! Finance
The company reported quarterly net sales growth of 17.1% year-over-year to $1.21 billion, missing the analyst consensus estimate of $1.23 billion. It clocked an adjusted EPS of $5.20, beating the analyst consensus estimate of $4.84. Also Read: Acuity's Smart Play Pays Off As Intelligent Spaces Revenue Skyrockets Breaking down Acuity's sales by segment shows strong growth in Acuity Intelligent Spaces (AIS), which surged to $255.2 million, a remarkable 204.2% increase from the previous year. Meanwhile, Acuity Brands Lighting (ABL) contributed $962.4 million, marking a 0.8% year-over-year rise. Operating margin declined by 30 bps to 14.9%, despite operating profit growth of 15.0%. The consolidated adjusted operating margin grew by 130 bps to 18.6%. ABL's adjusted operating margin improved by 210 bps to 20.1%. AIS' margin decreased by 420 bps to 21.4%. The company generated $202.5 million in operating cash flow for the quarter. View more earnings on AYI Acuity held cash a Show less Read more
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