Acuity Brands Q1 2022 Earnings Report

Acuity Brands reported first quarter fiscal year 2022 results, with sales growth driven by satisfying customer demand and continued investment in long-term growth and transformation.

Key Takeaways

Acuity Brands reported net sales of $926.1 million for the first quarter of fiscal 2022, an increase of 17% compared to the same period in fiscal 2021. Diluted earnings per share was $2.46, an increase of 57% over the prior year. The company's performance demonstrates prioritizing customers, driving sales growth, and turning that into operating income while continuing to invest in long-term growth and transformation.

Net sales increased 17% over the prior year.

Operating profit increased 34% over the prior year.

Diluted EPS increased 57% over the prior year.

Operating profit margin expanded by 160 basis points.