Acuity Brands (AYI) Tops Q3 EPS by 72c, Revenues Beat
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Acuity Brands Reports Fiscal 2020 Third Quarter Results
June 30, 2020 8:41 AM EDTATLANTA, June 30, 2020 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (Company) today announced results for the third quarter ended on May 31, 2020. Third quarter net sales were $776 million, a decrease of 18.1% compared with the prior-year period. Gross profit margin of 42.2% increased 170 basis points compared with the prior-year period. Operating profit margin of 10.7% decreased 200 basis points and adjusted operating profit margin of 13.5% decreased 80 basis points compared with the prior-year period. Diluted earnings per share (EPS) of $1.52 decreased by 31.5% and adjusted diluted EPS of $1.94 decreased by 23.3% compared with the prior-year period. For the nine months ended May 31,... More
