Acuity Brands Releases Fourth Quarter Results
Oct 6, 2021 By MarketDepth
Acuity Brands Inc. (NYSE: AYI) released its fiscal fourth quarter results ended August 31st, 2021.
The company announced net sales of $992.7 million, representing an increase of $101.5 million compared to the same period last year. Additionally, it reported a 39.1% year over year increase in its adjusted diluted earnings per share, which came to $3.27 per share in Q4 2021.
Over the last four quarters, the company has surpassed consensus EPS estimates four times, according to Zacks, via nasdaq.com
Operating profit increased by $26.9 million, or 25.4%, to $132.8 million as compared to the prior year, while net income grew 33.1%, or $24.4 million from the previous year to $98.1 million in Q4 2021.
“I am proud of the progress our team made to transform our Company during fiscal 2021. We improved our operations and delivered solid performance in a challenging environment,” said Neil Ashe, Chief Executive Officer of Acuity Brands. “We are entering fiscal 2022 from a position of strength with a diverse and capable team, who are driven by our values to deliver results for our customers, our investors and our environment.”