Last $130.10 USD
Change Today +1.52 / 1.18%
Volume 377.8K
AYI On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

acuity brands inc (AYI) Snapshot

Open
$128.30
Previous Close
$128.58
Day High
$130.16
Day Low
$128.30
52 Week High
03/4/14 - $146.28
52 Week Low
11/5/13 - $98.29
Market Cap
5.6B
Average Volume 10 Days
472.9K
EPS TTM
$3.96
Shares Outstanding
43.2M
EX-Date
10/15/14
P/E TM
32.8x
Dividend
$0.52
Dividend Yield
0.40%
Current Stock Chart for ACUITY BRANDS INC (AYI)

acuity brands inc (AYI) Related Businessweek News

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acuity brands inc (AYI) Details

Acuity Brands, Inc. designs, produces, and distributes lighting solutions, components, and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers indoor lighting products, such as recessed, surface, and suspended lighting products, as well as downlighting, decorative lighting, emergency and exit lighting, track lighting, daylighting, and special-use lighting products; and outdoor lighting products comprising street and roadway, underwater, parking garage, area, pedestrian, flood, decorative site, and landscape lighting products. It also provides lighting controls, such as occupancy sensors, photocontrols, relay panels, architectural dimming panels, theatrical, and integrated lighting controls systems; and components, such as wiring, LED drivers, glass, and inverters. In addition, the company is involved in monitoring and controlling lighting systems through network technologies, as well as commissioning control systems. The company markets its lighting solutions under the Lithonia Lighting, Holophane, Peerless, Mark Architectural Lighting, Hydrel, American Electric Lighting, Gotham, Carandini, RELOC, Antique Street Lamps, Tersen, Winona Lighting, Synergy Lighting Controls, Sensor Switch, Lighting Control & Design, Dark to Light, ROAM, Sunoptics, Axion Controls, acculamp, Pathway Connectivity, Healthcare Lighting, and eldoLED brand names. It serves electrical distributors, retail home improvement centers, electric utilities, utility distributors, national accounts, lighting showrooms, original equipment manufacturers, energy service companies, and U.S. government and municipalities. The company sells its products through independent sales agents, electrical wholesalers, and factory sales representatives; and a network of distribution centers, regional warehouses, and commercial warehouses. Acuity Brands, Inc. was founded in 2001 and is headquartered in Atlanta, Georgia.

7,000 Employees
Last Reported Date: 10/1/14
Founded in 2001

acuity brands inc (AYI) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $600.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $421.8K
Executive Vice President and Executive Vice P...
Total Annual Compensation: $395.0K
Compensation as of Fiscal Year 2013.

acuity brands inc (AYI) Key Developments

Acuity Brands, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 31, 2014; Provides Financial Guidance for the Fiscal Year 2015

Acuity Brands, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended August 31, 2014. For the quarter, the company's net sales were $668.7 million compared with $579.8 million a year ago. The growth in fiscal 2014 fourth quarter Net Sales were due primarily to a nearly 17% increase in sales volume, partially offset by the impact of an unfavorable change in product prices and the mix of products sold of one percentage point and the impact of an unfavorable change in foreign currency rates of approximately one-half percentage point. Operating profit was $90.7 million compared with $78.2 million a year ago. The company recorded an incremental expense of $15 million for variable employee incentive compensation in the fourth quarter of fiscal 2014 compared with the prior-year period as a result of the significant year-over-year increase in operating performance for both the quarter and full fiscal year. Income before provision for income taxes was $82.0 million compared with $70.3 million a year ago. Net income was $54.8 million or $1.26 per diluted share compared with $44.9 million or $1.03 per diluted share a year ago. Adjusted operating profit was $90.7 million compared with $78.5 million a year ago. Adjusted net income was $54.8 million or $1.26 per diluted share compared with $45.1 million or $1.03 per diluted share a year ago. For the year, the company's net sales were $2,393.5 million compared with $2,089.1 million a year ago. Operating profit was $299.1 million compared with $221.5 million a year ago. The Company recorded an incremental expense of $30 million for variable employee incentive compensation in fiscal 2014 compared with the year-ago period as a result of the significant improvement in operating performance. Income before provision for income taxes was $265.7 million compared with $193.1 million a year ago. Net income was $175.8 million or $4.05 per diluted share compared with $127.4 million or $2.95 per diluted share a year ago. Net cash provided by operating activities was $233.1 million compared with $132.3 million a year ago. The year-over-year improvement reflects higher net income and lower working capital requirements as compared with the prior-year period. Purchases of property, plant, and equipment were $35.3 million compared with $40.6 million a year ago. Adjusted operating profit was $293.1 million compared with $246.5 million a year ago. Adjusted net income was $172.1 million or $3.97 per diluted share compared with $143.1 million or $3.31 per diluted share a year ago. For fiscal 2015, the company intends to invest in capital expenditures totaling approximately 2% of net sales, and the company estimates its annual tax rate to be approximately 35.5% before any discrete items, assuming the tax rates in its taxing jurisdictions remain generally consistent throughout year.

Acuity Brands Mulls Acquisitions

Acuity Brands, Inc. (NYSE:AYI) is seeking acquisitions. Ricky Reece, Executive Vice President and Chief Financial Officer of Acuity said, "Yes, certainly we will look at opportunities to gain scale, whether it be small or larger consolidations. Obviously looking what synergies can we create to create shareholder value there. Just getting bigger to get bigger is not necessarily our strategy." Ricky said, "Next we will seek strategic acquisitions to add technology, fill product gaps, and/or expand our market access. The timing of acquisitions, of course, are hard to predict and quite frankly we would have expected they'd been more active this year in M&A. We remain very disciplined in our acquisition activities and will continue to seek desirable acquisitions at appropriate valuations."

Acuity Brands, Inc. Launches Six New Lithonia Lighting Indoor Led Flush Mount Luminaires

Acuity Brands, Inc. introduced six additional designs to its line of new generation LED flush mounts from Lithonia Lighting. The new luminaires are ENERGY STAR qualified and offer up to 84% energy savings over traditional incandescent sources. The LED flush mount luminaires are commercial-rated for 24-hour operation and do not require lamps, simplifying installation and maintenance in residential and light commercial applications. LED flush mount products are compatible with all standard boxes and come with installation hardware. The fixtures feature a low-profile, transitional design that can mount to ceilings or walls. Incorporating AC-driven LED boards and triac dimmers, the flush mounts offer instant-on technology and dimming down to 10%. Expected service life is as many as 50,000 hours. Acuity Brands continues to expand its residential and light commercial product line with high performing, decorative solutions for a variety of applications.

 

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AYI

Industry Average

Valuation AYI Industry Range
Price/Earnings 31.5x
Price/Sales 2.3x
Price/Book 4.7x
Price/Cash Flow 31.6x
TEV/Sales 1.9x
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