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Feb 28, 2021
Acuity Brands Q2 2021 Earnings Report
Acuity Brands reported Q2 2021 earnings with a decrease in net sales but an increase in diluted earnings per share and adjusted diluted earnings per share.
Key Takeaways
Acuity Brands announced net sales of $776.6 million for the second quarter of fiscal 2021, a decrease of 5.8 percent compared to the second quarter of fiscal 2020. Diluted earnings per share was $1.74, and adjusted diluted earnings per share was $2.12 per share.
Net Sales declined 5.8% versus Prior Year
Gross Profit Margin Expansion of 170 Basis Points versus Prior Year
Outstanding Share Count Reduced By Approximately 9.6% Since May 2020
Acuity Brands Reaches Carbon Neutrality Across its Operations
Acuity Brands
Acuity Brands
Forward Guidance
A further discussion relating to the ongoing impact of COVID-19 and the economic recovery will take place on our fiscal 2021 second-quarter conference call.