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Nov 30, 2022

Acuity Brands Q1 2023 Earnings Report

Acuity Brands reported solid first-quarter results for fiscal year 2023, demonstrating strong sales and EPS growth.

Key Takeaways

Acuity Brands reported a net sales increase of 7.8% compared to the prior year, with adjusted diluted EPS increasing by 15%. The company generated $187 million in cash flow from operations and repurchased 0.5 million outstanding shares.

Net sales increased 8 percent over the prior year.

Diluted EPS declined 7 percent, while adjusted diluted EPS increased 15 percent over the prior year.

Generated $187M in cash flow from operations.

Repurchased 0.5M of outstanding shares.

Total Revenue
$998M
Previous year: $926M
+7.8%
EPS
$3.29
Previous year: $2.85
+15.4%
Cash and Equivalents
$284M
Previous year: $504M
-43.6%
Free Cash Flow
$168M
Previous year: $74.4M
+126.3%
Total Assets
$3.44B
Previous year: $3.61B
-4.7%

Acuity Brands

Acuity Brands

Forward Guidance

This section is not available in the earnings report.