NYSE$AYI

Acuity Inc. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Acuity Brands reported a decrease in net sales but an increase in adjusted diluted earnings per share.

Acuity Brands reported Q4 net sales of $1.0 billion, a 9% decrease compared to the prior year. Diluted EPS was $2.63, while adjusted diluted EPS was $3.97, a 1% increase over the prior year. The company focused on margin and cash generation, leading to increased adjusted operating profit margin and higher adjusted diluted earnings per share despite the sales decline.

  • Net sales for Q4 2023 were $1.0 billion, a 9% decrease compared to the prior year.
  • Diluted EPS for Q4 2023 was $2.63, a 24.4% decrease compared to the prior year.
  • Adjusted diluted EPS for Q4 2023 was $3.97, a 1% increase compared to the prior year.
  • Operating profit was $109.7 million, a decrease of $39.9 million compared to the prior year.

Headline financials

Total Revenue

$1.01B

Previous: $1.11B-9.0%
EPS (adj)

$3.97

Previous: $3.95+0.5%
Adj. Operating Margin

16.1%

No prior period
Capital Expenditures

$18.7M

Previous: $18.5M+1.1%
Free Cash Flow

$87.9M

Previous: $260M-66.2%
Net Income

$82.9M

Previous: $115M-28.2%
Operating Income

$110M

Previous: $150M-26.7%
Gross Profit

$443M

Previous: $463M-4.3%
Cash & Equivalents

$398M

Previous: $223M+78.3%
Total Assets

$3.41B

Previous: $3.48B-2.0%
Stock-Based Comp

$9.6M

Previous: $9.9M-3.0%

Revenue & EPS history

Acuity Brands · Revenue · Quarterly

$1.01B

Q4 2023-9%vs Q4 2022
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Acuity Brands · $1.21B total across 2 segments · Q3 2026

  • Acuity Brands Lighting
    $905M
  • Acuity Intelligent Spaces
    $304M

Forward guidance

No specific forward guidance was provided in the press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-0.1%

Avg return

Earnings day

-1.4%

Avg return

5 days after

+0.5%

Avg return

30 days after

51%

34 / 67 earnings

Positive

+20.6%

Q1 2014

Best reaction

-16.5%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026
Q2 2026-7.6%+4.2%
Q1 2026-12.9%-11.9%-11.2%
Q4 2025+5.2%+2.0%+6.0%
Q3 2025-2.0%-0.8%+8.4%
Q2 2025-3.4%-16.2%-5.1%
Q1 2025+0.5%+0.8%+6.5%
Q4 2024+9.0%+11.4%+9.2%
Q3 2024+0.7%+1.7%+3.6%
Q2 2024+1.0%+2.3%-2.8%
Q1 2024+12.4%+9.8%+18.2%
Q4 2023+6.9%+8.0%+1.9%
Q3 2023+1.5%+1.6%+3.4%
Q2 2023-11.8%-13.5%-15.5%
Q1 2023+3.6%+2.4%+12.9%
Q4 2022+6.1%-1.5%+11.3%
Q3 2022+1.3%+0.1%+17.1%
Q2 2022-9.2%-8.8%-6.8%
Q1 2022-2.9%-1.3%-11.0%
Q4 2021+13.0%+16.7%+22.3%
Q3 2021-4.4%-9.1%-6.2%
Q2 2021+16.0%+17.8%+27.4%
Q1 2021-9.6%-7.4%-5.6%
Q4 2020-12.0%-14.4%-15.8%
Q3 2020+3.1%+0.2%+13.1%
Q2 2020-7.0%+7.2%+2.0%
Q1 2020-15.3%-17.1%-17.8%
Q4 2019-7.2%-7.7%-2.7%
Q3 2019-4.1%-7.3%-7.1%
Q2 2019+10.5%+12.8%+17.1%
Q1 2019+1.3%+0.8%+4.2%
Q4 2018-12.9%-17.0%-15.7%
Q3 2018+7.7%+9.7%+15.9%
Q2 2018-1.2%-3.9%-16.8%
Q1 2018-14.4%-14.5%-21.7%
Q4 2017+3.6%+0.9%-4.5%
Q3 2017+13.1%+13.0%+13.6%
Q2 2017-16.5%-15.2%-11.9%
Q1 2017-12.0%-9.3%-11.9%
Q4 2016-4.3%-4.4%-11.2%
Q3 2016+1.3%+2.3%+7.3%
Q2 2016+10.4%
Q1 2016-7.8%
Q4 2015+11.1%
Q3 2015+5.0%
Q2 2015-0.9%
Q1 2015+7.8%
Q4 2014+13.0%
Q3 2014-13.6%
Q2 2014+0.1%
Q1 2014+20.6%
Q4 2013+2.2%
Q3 2013+7.8%
Q2 2013+6.6%
Q1 2013-4.6%
Q4 2012-5.1%
Q3 2012+17.1%
Q2 2012-11.3%
Q1 2012+15.1%
Q4 2009-6.2%
Q4 2011-6.2%
Q3 2010-0.2%
Q3 2011-0.2%
Q2 2010+4.7%
Q2 2011+4.7%
Q1 2011-7.6%
Q1 2010-7.6%
Q4 2010-7.6%

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