Acuity Brands Q4 Earnings: 2.2% Topline Growth, Margin Boost, Strong Cash Flow And More
Portfolio Pulse from Anusuya Lahiri
Acuity Brands, Inc. reported a 2.2% increase in Q4 net sales to $1.03 billion, surpassing analyst expectations. The company also achieved higher margins and strong cash flow, with adjusted EPS of $4.30. AYI stock has risen 65% over the past year.
October 01, 2024 | 11:55 am
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Acuity Brands reported a 2.2% increase in Q4 net sales, beating estimates. The company also saw margin expansion and strong cash flow, with adjusted EPS of $4.30. AYI stock has risen 65% over the past year.
Acuity Brands exceeded analyst expectations in both sales and EPS, indicating strong financial performance. The margin expansion and significant cash flow generation further support a positive outlook. The stock's 65% increase over the past year and the premarket rise suggest continued investor confidence.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100