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May 31, 2021
Acuity Brands Q3 2021 Earnings Report
Acuity Brands' third quarter of fiscal year 2021 results were reported, showing a return to growth with increased net sales and gross profit margin.
Key Takeaways
Acuity Brands reported a 15.9% increase in net sales compared to the prior year, along with an expansion in gross profit margin. The company also announced the closing of the acquisition of ams OSRAM’s North American Digital Systems business and highlighted its commitment to carbon reduction.
Net sales increased by 15.9% compared to the prior year.
Gross profit margin expanded by 80 basis points versus the prior year.
The acquisition of ams OSRAM’s North American Digital Systems business was completed.
Acuity Brands committed to 100 million metric tons of carbon reduction by 2030.
Forward Guidance
Further discussion relating to the economic recovery and long-term financial framework will take place during the virtual Investor Day today at 09:00am ET, July 1, 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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