Acuity Brands, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended February 28, 2022
April 05, 2022 at 06:00 am EDT
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Acuity Brands, Inc. reported earnings results for the second quarter and six months ended February 28, 2022. For the second quarter, the company reported sales was USD 909.1 million compared to USD 776.6 million a year ago. Net income was USD 75.3 million compared to USD 62.9 million a year ago. Basic earnings per share from continuing operations was USD 2.16 compared to USD 1.75 a year ago. Diluted earnings per share from continuing operations was USD 2.13 compared to USD 1.74 a year ago.
For the six months, sales was USD 1,835.2 million compared to USD 1,568.6 million a year ago. Net income was USD 162.9 million compared to USD 122.5 million a year ago. Basic earnings per share from continuing operations was USD 4.65 compared to USD 3.32 a year ago. Diluted earnings per share from continuing operations was USD 4.6 compared to USD 3.3 a year ago.
Acuity Brands, Inc. is an industrial technology company. The Company uses technology to solve problems in spaces and light. It operates through two segments: Acuity Brands Lighting and Lighting Controls (ABL) and the Intelligent Spaces Group (ISG). ABL's portfolio of lighting solutions includes commercial, architectural, and specialty lighting in addition to lighting controls and components that can be combined to create integrated lighting control systems. It offers devices, such as luminaires that utilize light emitting diode (LED) technology designed to optimize energy efficiency and comfort for various indoor and outdoor applications. ABL's brand portfolio include Aculux, Indy, Gotham, and more. ISG offers a building management platform and location-aware applications. Its building management platform includes products for controlling heating, ventilation, and air conditioning (HVAC), lighting, shades, and building access that deliver end-to-end optimization of building systems.
ACUITY BRANDS, INC. 
