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May 31, 2024
Acuity Brands Q3 2024 Earnings Report
Acuity Brands reported solid Q3 2024 results with operating margin expansion, EPS growth, and strong operating cash flow.
Key Takeaways
Acuity Brands reported net sales of $968.1 million, a decrease of 3.2% compared to the prior year. However, the company increased its adjusted operating profit, adjusted operating profit margin, and adjusted diluted earnings per share, and generated strong free cash flow.
Net Sales of $968M, a 3% Decline Compared to the Prior Year
Operating Profit grew to $145M, up 1% Over the Prior Year; Adjusted Operating Profit of $167M, up 3% Over the Prior Year
Diluted EPS of $3.62, up 10% Over the Prior Year; Adjusted Diluted EPS of $4.15, up 11% Over the Prior Year
Generated $445M in Year-to-Date Cash Flow from Operations
Revenue by Segment
Forward Guidance
Acuity Brands did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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