Acuity Brands Q4 2021 Earnings Report
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.
Acuity Brands
Acuity Brands
Forward Guidance
Acuity Brands did not provide specific forward guidance in this earnings report.