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Aug 31, 2023
Acuity Brands Q4 2023 Earnings Report
Acuity Brands reported a decrease in net sales but an increase in adjusted diluted earnings per share.
Key Takeaways
Acuity Brands reported Q4 net sales of $1.0 billion, a 9% decrease compared to the prior year. Diluted EPS was $2.63, while adjusted diluted EPS was $3.97, a 1% increase over the prior year. The company focused on margin and cash generation, leading to increased adjusted operating profit margin and higher adjusted diluted earnings per share despite the sales decline.
Net sales for Q4 2023 were $1.0 billion, a 9% decrease compared to the prior year.
Diluted EPS for Q4 2023 was $2.63, a 24.4% decrease compared to the prior year.
Adjusted diluted EPS for Q4 2023 was $3.97, a 1% increase compared to the prior year.
Operating profit was $109.7 million, a decrease of $39.9 million compared to the prior year.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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