Industrial tech firm Acuity Q4 profit beats on intelligent spaces segment growth
Overview
Industrial technology firm's preliminary fiscal Q4 net sales up 3%, meeting analyst expectations
Adjusted EPS for preliminary fiscal Q4 rose 11% and beat analyst estimates
Company received $44.9 mln in tariff refunds and recorded $17.8 mln in special charges
Outlook
Company did not provide specific guidance for the current qtr or fiscal 2027
Result Drivers
AIS SEGMENT GROWTH - Acuity Intelligent Spaces segment drove results with Q4 net sales up 16.6% and adjusted operating profit up 35.7% compared to prior yr
ABL SEGMENT DECLINE - Acuity Brands Lighting segment saw Q4 net sales fall 0.4% and adjusted operating profit drop 7.1% compared to prior yr
SPECIAL CHARGES - Co recorded $17.8 mln in special charges in Q4, mostly related to product portfolio, supply chain, and operating footprint initiatives in ABL
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net sales | Meet | $1.24 bln | $1.24 bln (6 Analysts) |
Q4 Adjusted EPS | Beat | $5.77 | $5.56 (7 Analysts) |
Q4 EPS | $5.63 | ||
Q4 Net Income | $173 mln | ||
Q4 Adjusted Operating Profit | Beat | $232.90 mln | $215.62 mln (5 Analysts) |
Q4 Operating Profit | $227 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)