AYI
Acuity Inc.357.34
-3.73-1.03%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A explains ABL demand stall drivers
Q&A drilled into ABL demand softness, blaming data center crowding out labor/projects and policy uncertainty for slower order releases versus prior up-low-single-digit hopes—now flat to down low-single digits for the year. No share loss evident; strategic pricing and productivity lifted gross margins 70bps despite volumes. Memory shortages hit as supply shock, but playbook mirrors tariffs: secure supply, pass-through pricing, regain margins. AI maximalists, they see tailwinds for AIS products/ops and ABL efficiency. Opportunistic buybacks surged; AIS M&A pipeline robust. Analysts' tariff/memory probes drew crisp adaptation assurances. Execution tone firm—watch pipeline thaw. Punchy: Margins held firm amid pain.
Key Stats
Market Cap
10.98BP/E (TTM)
28.50Basic EPS (TTM)
12.54Dividend Yield
0%Recent Filings
8-K
Stockholders approve directors, auditors
Acuity Inc. stockholders overwhelmingly elected its nine nominated directors on January 21, 2026, with Neil M. Ashe topping votes at 24.2 million for versus 697k against. They ratified Ernst & Young as auditors for fiscal 2026 (25.4 million for) and backed executive pay (24.4 million for). Board continuity locked in.
10-Q
Q1 FY2026 results
Acuity Brands lit up Q1 FY2026 with net sales jumping 20.2% y/y to $1,143.7M, powered by AIS surging 250% on QSC contributions while ABL edged up 1%. Gross margin expanded 1.2 points to 48.4%, operating profit held steady at 14.0% ($160.4M, +20.3% y/y), but net income rose 12.9% to $120.5M as interest expense flipped positive from Term Loan debt. Diluted EPS climbed 14.0% to $3.82 on 31.561M shares. Cash fell to $376.1M after $140.8M operating cash less $26.0M capex and $100M debt paydown; $300M Term Loan and $593M revolver availability remain solid. QSC closed Jan 2025 for $1,240.7M cash, adding $394.6M goodwill and $713.9M intangibles (13-year life). Litigation lingers as usual.
8-K
Q1 sales up 20%, AIS explodes
Acuity Inc. posted Q1 fiscal 2026 net sales of $1.1B, up 20% year-over-year, fueled by Acuity Intelligent Spaces surging 250% with three months of QSC. Operating profit hit $160M, matching 14.0% margins; adjusted figures climbed to $196M and 17.2%. Cash flow stayed robust at $141M. AIS drives growth, yet ABL inches forward.
10-K
FY2025 results
Acuity Inc. posted FY2025 net sales of $4.35B, up 13.1% y/y, driven by QSC acquisition boosting AIS 161.8% to $764M while ABL grew 1.1% to $3.61B on independent/direct channels despite corporate/retail slips. Gross margins expanded to 47.8% from favorable materials, yet operating profit edged up just 1.9% to $564M (13.0% margin) as SD&A surged 20.9% from QSC integration and special charges hit $30M; net income fell 6.2% to $397M ($12.53 diluted EPS) on pension settlements and interest. QSC added $429M sales post-January close, but margins compressed in AIS. Cash from operations dipped to $601M; $118M buybacks, $21M dividends, $68M capex. Debt at $897M with $1B liquidity. Supply chain disruptions threaten quarterly momentum.
8-K
Q4 sales up 17%, AIS soars
Acuity Inc. reported fiscal Q4 2025 net sales up 17% to $1.2B, driven by AIS segment's 204% surge to $255M, while ABL grew 0.8%. Full-year sales hit $4.3B, up 13%, with adjusted diluted EPS rising 16% to $18.01 despite a $30.9M pension charge. Acquisitions fueled $601M operating cash flow. Results are preliminary.
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