Acuity Q2 sales rise but miss estimates on ABL unit weakness

Acuity

02/04/2026 11:11

Overview

US industrial technology firm's fiscal Q2 net sales rose 5% but missed analyst expectations

Adjusted EPS for fiscal Q2 increased 11% and beat analyst expectations

Adjusted operating profit for fiscal Q2 beat analyst expectations

Outlook

Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

AIS SEGMENT GROWTH - AIS segment net sales rose 45% in Q2, aided by an additional month of QSC performance

ABL PRODUCTIVITY ACTIONS - Productivity improvements in ABL led to $6 mln in special charges, mainly from labor cost reductions

ABL SALES DECLINE - ABL segment net sales fell 3% in Q2; co did not provide detailed reasons for the decline

Company press release: ID:nGNXbWJbgn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net sales
Miss
$1.06 bln
$1.08 bln (6 Analysts)
Q2 Adjusted EPS
Beat
$4.14
$4 (7 Analysts)
Q2 EPS
$3.09
Q2 Net Income
$96.80 mln
Q2 Adjusted Operating Profit
Beat
$176 mln
$167.96 mln (6 Analysts)
Q2 Operating Profit
$133 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for Acuity Inc is $381.06, about 32.8% above its April 1 closing price of $286.98

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 18 three months ago

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.)