Acuity Brands Q3 2021 Earnings Report
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.
Acuity Brands
Acuity Brands
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.