Acuity: Fiscal Q1 Financial Results Overview
Acuity Inc. Announces Strong First-Quarter Financial Results
Acuity Inc. (AYI), headquartered in Atlanta, revealed on Thursday that it achieved a net income of $120.5 million for its fiscal first quarter.
The company reported earnings of $3.82 per share, while adjusted earnings—excluding certain one-time items—reached $4.69 per share.
These adjusted earnings exceeded analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had anticipated $4.52 per share.
The lighting manufacturer generated $1.14 billion in revenue during the quarter, aligning with projections from Wall Street.
Since the start of the year, Acuity’s stock price has risen by nearly 3%, and over the past year, shares have gained 22%.
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