Acuity Brands: Fiscal 4Q Earnings Snapshot
ATLANTA (AP) _ Acuity Brands Inc. (AYI) on Wednesday reported fiscal fourth-quarter net income of $108.2 million.
On a per-share basis, the Atlanta-based company said it had profit of $2.70. Earnings, adjusted for one-time gains and costs, were $2.68 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.
The lighting maker posted revenue of $1.06 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.02 billion.
For the year, the company reported profit of $349.6 million, or $8.52 per share. Revenue was reported as $3.68 billion.
Acuity Brands shares have declined 12 percent since the beginning of the year. The stock has dropped nearly 9 percent in the last 12 months.