$AYI (Acuity Brands, Inc.)

$AYI {{ '2016-04-06T14:34:45+0000' | timeago}} • Webcast

Provider of lighting solutions $AYI said that 2Q16 net sales were $778MMM, up 26% vs. 2Q15, while adjusted diluted EPS grew 53%. The company said that it achieved double-digit volume growth. $AYI completed the acquisitions of Juno and Geometri. Reported operating profit was $106.7MM vs. $78.6MM in 2Q15, which included certain items.

$AYI {{ '2017-06-29T18:35:45+0000' | timeago}} • Webcast

While $AYI sees the lighting market in North America growing modestly in the second half of calendar 2017, the company expects the price of certain LED components to continue to decline though at a decelerating pace.

$AYI {{ '2017-06-29T18:28:26+0000' | timeago}} • Webcast

"We currently expect to spend approximately 2% of revenues in capital expenditures in fiscal year 2017," said CFO Ricky Reece as $AYI posted 3Q17 results.

$AYI {{ '2017-06-29T13:11:45+0000' | timeago}} • Announcement

"Softness in demand in the North American lighting market that began in the third calendar quarter of 2016 will continue through the remainder of the calendar year," said CEO Vernon J. Nagel, while $AYI posted 3Q17 results.

$AYI {{ '2017-06-29T13:08:45+0000' | timeago}} • Announcement

$AYI's net sales rose 5% to $891.6MM in 3Q17 with net income jumping 11% to $82.2MM or $1.90 per diluted share. Adjusted diluted EPS rose 4% to $2.15 in the quarter.

$AYI {{ '2017-06-27T20:36:55+0000' | timeago}} • Announcement

The BoD of $AYI declared a quarterly dividend of $0.13 per share, payable on August 1, 2017 to shareholders of record on July 18, 2017.

$AYI {{ '2017-05-10T20:44:37+0000' | timeago}} • Announcement

$AYI announced completion of the buyback of 2MM shares of the company's common stock under its previously authorized stock repurchase program. The repurchases represent a reduction of approx. 5% of the 44.1MM shares outstanding on March 30, 2017.

$AYI {{ '2017-05-09T19:05:40+0000' | timeago}} • Announcement

$AYI unveiled its new Atrius brand, encompassing the company's portfolio of Internet of Things (IoT) business solutions and Atrius software platform. Through Atrius, $AYI will continue to provide and expand its comprehensive set of IoT business solutions.

$AYI {{ '2017-04-04T15:12:41+0000' | timeago}} • Webcast

$AYI stated that in terms of March order rates, the company is seeing a favorable trend of sequential growth in its order rates. The backlog is up compared to the year-ago period. $AYI expects these growth rates will continue to pick up going forward.

$AYI {{ '2017-04-04T14:58:17+0000' | timeago}} • Webcast

$AYI said about 70-75% of its business is considered project-type business while 25% is considered stock-oriented business. The project business performed well with solid shipments achieving growth in the mid double-digit range.  However, small projects which are more short-cycle in nature saw slight pressure during 2Q17.

$AYI {{ '2017-04-04T14:38:28+0000' | timeago}} • Webcast

$AYI expects to spend 2-2.5% of sales on CapEx in FY17. Based on third-party market forecasts for the lighting industry, the company expects the broader end markets that it serves in North America, which represent about 90% of its total net sales, will grow in the mid to upper single digit range in FY17.

$AYI {{ '2017-04-04T14:20:50+0000' | timeago}} • Webcast

In 2Q17, $AYI’s net sales in Mexico and Europe were negatively impacted by political and economic issues in those regions, reducing consolidated net sales by almost 1 point. The increase in net sales was broadbased along key product lines and sales channels in the US and Canada. $AYI was able to grow its legacy business in the US and Canada by 5%.

$AYI {{ '2017-04-04T14:14:32+0000' | timeago}} • Webcast

In 2Q17, $AYI’s reported operating profit was $108MM compared with $106.7MM in 2Q16. Adjusted operating profit was $123.9MM. Adjusted operating profit margin was 15.4%, a decrease of 100BP compared with the prior year.

$AYI {{ '2017-04-04T13:24:08+0000' | timeago}} • Announcement

Commenting on $AYI's future performance, CEO Vernon Nagel said, "Third-party forecasts indicate that the North American lighting market should return to growth in FY18. Even though the growth rate of lighting solutions in North America in 1H17 was lower than anticipated, we continue to see significant long-term growth opportunities."

$AYI {{ '2017-04-04T13:22:33+0000' | timeago}} • Announcement

$AYI posted net sales of $804.7MM in 2Q17, up 3.5% from the year-ago quarter. The sales hike was primarily due to a 4% growth in volume as well as revenues from acquisitions. Net income inched up to $67.3MM, or $1.53 per share, from $65.5MM, or $1.49 per share in the year-ago quarter. Excluding items, EPS was down at  $1.77.

$AYI {{ '2017-03-30T19:39:15+0000' | timeago}} • Announcement

BoD of $AYI declared a quarterly dividend of 13 cents per share. The dividend is payable on May 1, 2017 to shareholders as on April 17, 2017.

$AYI {{ '2017-01-09T16:27:09+0000' | timeago}} • Webcast

$AYI said the Tier 3 solutions set grew 40% in 1Q17 versus 1Q16 and now represents about 12% of the total business. These solution sets are being received favorably by the market and the company sees opportunities for investment in this area.

$AYI {{ '2017-01-09T16:13:49+0000' | timeago}} • Webcast

$AYI said the 4Q16 labor issues have been resolved. The issues seen in 1Q17 had more to do with the fact that $AYI carried this labor into the quarter with the anticipation of higher volumes. The finished good inventory ticked up due to the production at a steady rate. $AYI believes it will see positive trends in orders in 2Q17.

$AYI {{ '2017-01-09T15:45:22+0000' | timeago}} • Webcast

During 1Q17, $AYI spent $19.5MM on Capex compared with $23.1MM in the prior year. This decrease in Capex was primarily due to reduced spending on facility enhancements. The company currently expects to spend approx. 2.5% of revenues in Capex in FY17.

$AYI {{ '2017-01-09T15:17:02+0000' | timeago}} • Webcast

In 1Q17, $AYI’s reported operating profit was $126.6MM compared to $112.4MM in 1Q16. Adjusted operating profit was $143.2MM compared with adjusted operating profit of $125.9MM in 1Q16, an increase of 14%. Adjusted operating profit margin was 16.8%, a decrease of 30BP compared with 1Q16.

$AYI {{ '2017-01-09T14:00:23+0000' | timeago}} • Announcement

$AYI reported 1Q17 net cash from operating activities of $38.7MM compared to $51.1MM during 1Q16. Cash and cash equivalents at the end of 1Q17 totaled $451.2MM.

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