Acuity Brands Q3 2022 Earnings Report

Acuity Brands' Q3 2022 results showed strong revenue and operating performance, with increased net sales and diluted EPS, and significant share repurchases.

Key Takeaways

Acuity Brands reported a strong third quarter in fiscal year 2022, with net sales reaching $1.1 billion, an 18% increase over the prior year. Diluted EPS increased by 30% and the company deployed $296 million in share repurchases, demonstrating consistent execution and value generation for shareholders.

Net sales increased by 18% compared to the prior year.

Diluted EPS increased by 30% compared to the prior year.

The company deployed $296 million to share repurchases.

Gross profit reached $445.1 million, driven by higher sales and cost controls.