Loading...
•
Nov 30, 2023
Acuity Brands Q1 2024 Earnings Report
Acuity Brands reported a decline in net sales but an increase in operating profit and EPS, driven by strong execution and effective capital allocation.
Key Takeaways
Acuity Brands reported a 6% decrease in net sales to $934.7 million, but increased operating profit by 22% to $132.9 million and diluted EPS by 40% to $3.21. The company generated $190 million in cash flow from operations.
Net sales reached $935 million, a 6% decrease compared to the prior year.
Operating profit grew to $133 million, up 22% over the prior year, with an adjusted operating profit of $154 million, up 10%.
Diluted EPS increased to $3.21, up 40% over the prior year, with an adjusted diluted EPS of $3.72, up 13%.
Cash flow from operations was $190 million.
Acuity Brands
Acuity Brands
Forward Guidance
No forward guidance was provided in the press release.