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I maintain a buy rating on Acuity Brands Inc. due to strong growth prospects in both ABL and ISG segments, supported by positive demand indicators. 1Q25 results showed 2% y/y revenue growth to $952 million, driven by ABL's stable performance and ISG's 15% y/y growth, with notable margin expansion. Easing interest rates and a robust non-residential construction pipeline, evidenced by the Dodge Momentum Index, bolster ABL's growth outlook for FY25.
AYI's fiscal first-quarter results reflect solid Intelligent Spaces contributions, better cost management and operational efficiency.
The headline numbers for Acuity Brands (AYI) give insight into how the company performed in the quarter ended November 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Acuity Brands, Inc. (NYSE:AYI ) Q1 2025 Earnings Conference Call January 8, 2025 8:00 AM ET Company Participants Charlotte McLaughlin - VP, IR Neil Ashe - Chairman, President & CEO Karen Holcom - SVP & CFO Conference Call Participants Ryan Merkel - William Blair Tim Wojs - Baird Joe O'Dea - Wells Fargo Chris Snyder - Morgan Stanley Christopher Glynn - Oppenheimer Jeffrey Sprague - Vertical Research Brett Castelli - Morningstar Operator Good morning and welcome to the Acuity Brands Fiscal 2025 First Quarter Earnings Call. At this time, all participants are in a listen-only mode.
Acuity Brands (AYI) came out with quarterly earnings of $3.97 per share, beating the Zacks Consensus Estimate of $3.89 per share. This compares to earnings of $3.72 per share a year ago.
Solid Execution Delivers Sales Growth and EPS Expansion; Post-Quarter Completed QSC Acquisition Solid Execution Delivers Sales Growth and EPS Expansion; Post-Quarter Completed QSC Acquisition
Acuity Brands (AYI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
AYI's first-quarter fiscal 2025 results are likely to reflect benefits from product innovations, enhanced service levels and expanded market presence.