Acuity Brands Reports Fiscal 2019 Fourth Quarter and Full-Year Results
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Acuity Brands (AYI) Misses Q4 EPS by 6c, Revenue Misses
October 2, 2019 8:54 AM EDTAcuity Brands (NYSE: AYI) reported Q4 EPS of $2.75, $0.06 worse than the analyst estimate of $2.81. Revenue for the quarter came in at $938.1 billion versus the consensus estimate of $1.03 billion.
Outlook
Mr. Nagel commented, We remain cautious about overall market conditions within the lighting industry for fiscal 2020 primarily due to continued economic uncertainties caused by global trade issues, including tariffs. We expect market demand for lighting products to remain sluggish until there is more clarity regarding these global trade issues. Nonetheless, our focus for fiscal 2020 will be to drive top-line growth through market share gains and enhance... More
