Industrial tech firm Acuity Q4 profit beats on intelligent spaces segment growth

By Reuters News


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


Reuters Recommended Reads

  • Sept 30 - Caterpillar to invest $1 billion in North Carolina manufacturing capacity

  • Sept 30 - Steel forum calls for more tariffs, fewer subsidies to fight excess capacity


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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