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Nov 30, 2021
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.