Acuity Brands Q4 2021 Earnings Report

Acuity Brands reported an increase in net sales and margin expansion for the fourth quarter of fiscal year 2021.

Key Takeaways

Acuity Brands reported net sales of $992.7 million for the fiscal fourth quarter ended August 31, 2021, an 11.4 percent increase compared to the same period in 2020. Diluted earnings per share was $2.72, a 45.5 percent increase, and adjusted diluted earnings per share was $3.27 per share, a 39.1 percent increase.

Net sales increased 11.4% in the fourth quarter versus the prior year.

Gross profit margin expanded by 10 basis points in the fourth quarter versus the prior year.

Operating profit margin expanded by 150 basis points and adjusted operating profit margin expanded by 110 basis points in the fourth quarter versus the prior year.

Approximately 3.8 million shares were repurchased during fiscal year 2021.

Adj. Operating Margin