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Aug 31, 2024
Acuity Brands Q4 2024 Earnings Report
Acuity Brands reported strong Q4 2024 results with net sales growth, margin expansion, and higher EPS, driven by solid execution and significant cash flow generation.
Key Takeaways
Acuity Brands reported a 2% increase in net sales to $1.03 billion for Q4 2024. Diluted EPS increased by 43% to $3.77, and adjusted diluted EPS rose by 8% to $4.30. The company's operating profit increased by $47.3 million compared to the prior year, with operating profit as a percentage of net sales increasing by approximately 430 basis points.
Net sales for Q4 2024 increased by 2% to $1.03 billion compared to the prior year.
Diluted EPS for Q4 2024 rose by 43% to $3.77, with adjusted diluted EPS up 8% to $4.30.
Operating profit for Q4 2024 increased by $47.3 million compared to the prior year.
ISG net sales increased 16.7% to $83.9 million in Q4 2024.
Acuity Brands
Acuity Brands
Forward Guidance
No specific forward guidance was provided in the press release.