Acuity Brands (AYI) Tops Q4 EPS by 32c, Revenues Beat

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Acuity Brands Reports Fiscal 2020 Fourth Quarter Results and Full-Year Results

October 8, 2020 8:30 AM EDT

ATLANTA, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (Company) today announced results for the fourth quarter and fiscal year ended August 31, 2020. Fourth quarter net sales were $891 million, a decrease of 5.0% compared with the prior-year period. Gross profit margin of 42.1% remained flat compared with the prior-year period. Operating profit margin of 11.9% decreased 200 basis points and adjusted operating profit margin of 14.7% decreased 90 basis points compared with the prior-year period. Diluted earnings per share (EPS) of $1.87 decreased by 22.7% and adjusted diluted EPS of $2.35 decreased by 14.5% compared with the prior-year period. For fiscal year 2020, net... More