Canaccord Genuity Cuts Price Target on Acuity Brands (AYI) Following Slight EPS Miss

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Go back to Canaccord Genuity Cuts Price Target on Acuity Brands (AYI) Following Slight EPS Miss

Acuity Brands Reports Record First Quarter Results

January 8, 2016 8:51 AM EST

ATLANTA, Jan. 08, 2016 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (Company) today announced record first quarter net sales, net income, and diluted earnings per share (EPS).  Fiscal 2016 first quarter net sales of $736.6 million increased $89.2 million, or 14 percent, compared with the year-ago period.  Operating profit for the first quarter of fiscal 2016 was $112.4 million, an increase of $25.7 million, or 30 percent, over the year-ago period.  Net income for the first quarter of... More