Acuity Brands (AYI) Tops Q1 EPS by 19c

Acuity Brands (NYSE: AYI) reported Q1 EPS of $2.03, $0.19 better than the analyst estimate of $1.84. Revenue for the quarter came in at $792 million versus the consensus estimate of $788.07 million.

Outlook:

Mr. Ashe commented, “We continue to invest in our business to expand our technology and product portfolios in lighting, lighting controls, and intelligent buildings while we drive our transformation to improve our service capabilities. While the recovery in the economic environment remains uncertain due to the impacts of the pandemic, we are cautiously optimistic about returning to stability in our end markets in calendar year 2021, and are excited about the opportunity that lies before us to transform our business and gain share. We will continue to use our strong cash generation to prioritize growth investments and share repurchases.”

For earnings history and earnings-related data on Acuity Brands (AYI) click here.

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