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Feb 29, 2024
Acuity Brands Q2 2024 Earnings Report
Acuity Brands reported solid execution, delivering margin expansion and EPS growth.
Key Takeaways
Acuity Brands reported a decrease in net sales by 4% to $906 million, but increased operating profit by 6% to $118 million. Diluted EPS increased by 11% to $2.84. The company generated $293M in year-to-date cash flow from operations.
Net sales were $906M, a 4% decline compared to the prior year.
Operating profit grew to $118M, up 6% over the prior year; adjusted operating profit of $140M, up 6% over the prior year.
Diluted EPS was $2.84, up 11% over the prior year; adjusted diluted EPS of $3.38, up 11% over the prior year.
Generated $293M in Year-to-Date cash flow from operations
Acuity Brands
Acuity Brands
Acuity Brands Revenue by Segment
Revenue by Segment
Lighting Revenue
CapyFin.comIntelligent Spaces Revenue
CapyFin.com Forward Guidance
No forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income