AYI Stock Recent News

Focus on product innovation and efficient execution of growth-driving strategies aid Acuity Brands (AYI). Yet, high costs and economic uncertainties hurt growth prospects.

The concept of the Internet of Things is transforming our lives and will continue to do so as the WEF, G20 and others smarten up cities. The demand for smart devices will rise in these smart cities worldwide.

Temporary growth slowdown is due to labor shortages and tough y/y comps. AYI's healthy backlog and macro data suggest demand remains healthy. Despite negative growth, AYI continues to show solid margin improvements.

Acuity Brands (AYI) reports mixed third-quarter fiscal 2024 results, courtesy of solid ISG net sales and lower contributions from the ABL segment.

The headline numbers for Acuity Brands (AYI) give insight into how the company performed in the quarter ended May 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Acuity Brands (AYI) came out with quarterly earnings of $4.15 per share, beating the Zacks Consensus Estimate of $4.10 per share. This compares to earnings of $3.75 per share a year ago.

Solid Execution Delivers Operating Margin Expansion, EPS Growth and Strong Operating Cash Flow Solid Execution Delivers Operating Margin Expansion, EPS Growth and Strong Operating Cash Flow

Atlanta, June 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Acuity Brands, Inc. (NYSE: AYI; "Company") today declared a quarterly dividend of 15 cents per share. The dividend is payable on August 1, 2024, to shareholders of record on July 18, 2024.

Acuity Brands' (AYI) fiscal third-quarter performance is likely to have ailed from softness in the ABL segment, given the difficult year-over-year comparison amid margin improvement.

Evaluate the expected performance of Acuity Brands (AYI) for the quarter ended May 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.