Acuity Brands, Inc. (NYSE:AYI) Q2 2020 Earnings Conference Call - Final Transcript

Apr 02, 2020 • 10:00 am ET


Acuity Brands, Inc. (NYSE:AYI) Q2 2020 Earnings Conference Call - Final Transcript


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Neil M. Ashe

the opportunity to be a market-leading industrial technology Company. We already have leading or developing leadership positions in lighting controls and building management in addition to a market-leading lighting business. We have the potential to be a leader in location-aware applications. Through the necessary changes of our digital transformation, we can improve our existing businesses and their market competitiveness. We can continue to develop new businesses that are focused on defining the future of the industry. Those changes will strengthen our core business model. We will continue to be a strong cash generator. We have the opportunity to use that cash to grow our Company to reinvestment and acquisitions.

In conclusion, we have a strong Company in a period of great change. We are aggressively managing to the uncertainties caused by the COVID-19 crisis. We have the financial strength that resolve to get through this and also to emerge a stronger Company. Over the long term, we have the opportunity to more broadly adapt the Company to expanding opportunities in our core businesses and to develop new ones. We have the market position, the people, and the cash flow to become a larger, more dynamic Company that delivers to our customers, our associates, and our shareholders.

With that, I'll pause and open it up for questions. As I mentioned, Ricky Reece, will be joining us for the Q&A period. As we transition to questions, I'd like to both acknowledge and thank Ricky for his contributions to Acuity and his outstanding work in his new role as President of Acuity Brands Lighting.

Operator, we are ready for questions.