Acuity Brands Reports Fiscal 2018 First Quarter Results

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Go back to Acuity Brands Reports Fiscal 2018 First Quarter Results

Acuity Brands (AYI) Misses Q1 EPS by 16c

January 9, 2018 8:52 AM EST

Acuity Brands (NYSE: AYI) reported Q1 EPS of $1.94, $0.16 worse than the analyst estimate of $2.10. Revenue for the quarter came in at $842.8 million versus the consensus estimate of $874.97 million.

Outlook

Mr. Nagel commented, We remain positive regarding the Companys prospects for future profitable growth despite recent market softness, which has impacted our short-term performance. While various leading indicators continue to generally reflect favorable conditions for our end markets, we are cautious regarding a meaningful rebound in our end markets over the next quarter or so as a result of various factors, including labor shortages in... More