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Focus on product innovation and efficient execution of growth-driving strategies aid Acuity Brands (AYI). Yet, high costs and economic uncertainties hurt growth prospects.
Resource scarcity. These are the two words that threaten to undermine most if not all the holistic benefits associated with responsible and sustainable practices.
ATLANTA, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (the “Company”) today announced that it is planning to release its fiscal 2024 first-quarter results on Tuesday, January 9, 2024, at 6:00 a.m. (EST), followed by a conference call at 8:00 a.m. (EST). Neil Ashe, Chairman, President, and Chief Executive Officer of Acuity Brands will lead the call.
KBR is benefiting from impressive contract wins that are boosting its backlog levels. However, high costs and expenses hinder its growth prospects.
Acuity Brands, Inc. (NYSE:AYI ) Q4 2023 Earnings Call Transcript October 4, 2023 8:00 AM ET Company Participants Charlotte McLaughlin - VP, IR Neil Ashe - Chairman, President & CEO Karen Holcom - SVP, CFO Conference Call Participants Tim Wojs - Baird Joe O'Dea - Wells Fargo Chris Snyder - UBS Jeff Osborne - TD Cowen Jeffrey Sprague - Vertical Research Partners Operator Good morning, and welcome to the Acuity Brands Fiscal 2023 Fourth Quarter and Full Year Earnings Call. At this time, all participants are in a listen-only mode.
Acuity Brands, Inc. (NYSE:AYI) has reported a fall in fourth-quarter sales due to a decline at its lighting business. However, earnings surprised to the upside, beating analysts' expectations, as its operating margin improved.
Acuity Brands (AYI) came out with quarterly earnings of $3.97 per share, beating the Zacks Consensus Estimate of $3.57 per share. This compares to earnings of $3.95 per share a year ago.
Acuity Brands, Inc. (NYSE:AYI) is expected to report lower revenue and earnings when it delivers fourth quarter results ahead of the opening bell on October 4, 2023. The industrial technology company has been affected by a cut back in discretionary spending due to the difficult macro environment, which has impacted the company's Acuity Brands Lighting (ABL) segment.
Acuity Brands' (AYI) fiscal Q4 performance is likely to have reflected lower volumes and higher costs.
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.