Acuity Brands, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2022
June 30, 2022 at 06:00 am EDT
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Acuity Brands, Inc. reported earnings results for the third quarter and nine months ended May 31, 2022. For the third quarter, the company reported sales was USD 1,060.6 million compared to USD 899.7 million a year ago. Net income was USD 105.7 million compared to USD 85.7 million a year ago. Basic earnings per share from continuing operations was USD 3.1 compared to USD 2.4 a year ago. Diluted earnings per share from continuing operations was USD 3.07 compared to USD 2.37 a year ago.
For the nine months, sales was USD 2,895.8 million compared to USD 2,468.3 million a year ago. Net income was USD 268.6 million compared to USD 208.2 million a year ago. Basic earnings per share from continuing operations was USD 7.75 compared to USD 5.7 a year ago. Diluted earnings per share from continuing operations was USD 7.66 compared to USD 5.66 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. 
