Acuity Brands (AYI) Tops Q1 EPS by 19c

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Acuity Brands Reports Fiscal 2021 First Quarter Results

January 7, 2021 8:47 AM EST

ATLANTA, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (Company) today announced results for the first quarter ended November 30, 2020. First quarter net sales were $792 million, a decrease of 5.1% compared with the prior-year period. Operating profit margin of 10.8% increased 80 basis points and adjusted operating profit margin of 13.2% decreased 110 basis points compared with the prior-year period. Net income was $60 million, an increase of 4.6% compared with the prior-year period. Diluted earnings per share (EPS) of $1.57 increased by 9.0% and adjusted diluted EPS of $2.03 decreased by 4.7% compared with the prior-year period. Net cash provided by operating... More