Industrial tech firm Acuity Q4 profit beats on intelligent spaces segment growth
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: ID:nGNXb7w3KM
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.)