Acuity Brands 1Q Sales Rise But Short of Wall Street's Estimates

Dow Jones01-08 19:20

By Denny Jacob

Acuity Brands posted an increase in sales in its latest quarter but failed to clear Wall Street's estimates.

The lighting-controls and building-technology company logged net income of $106.7 million, or $3.35 a share, for the first quarter ended Nov. 30, up from $100.6 million, or $3.21 a share, a year earlier.

Stripping out one-time items, earnings were $3.97 a share. Analysts polled by FactSet expected $3.90 a share.

Sales rose to $951.6 million from $934.7 million. Analysts polled by FactSet expected $955.6 million.

Sales from its lighting and light-control business ticked up 1.1% to $886 million from a year earlier, while its smaller intelligent spaces unit increased 15% during the same period to $73.5 million.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

January 08, 2025 06:20 ET (11:20 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2501774722?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-08 19:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2501774722","market":"fut","top_or_hot":-1,"title":"Acuity Brands 1Q Sales Rise But Short of Wall Street's Estimates","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Denny Jacob \n</p>\n<pre>\n \n</pre>\n<p>\n  Acuity Brands posted an increase in sales in its latest quarter but failed to clear Wall Street's estimates. \n</p>\n<p>\n  The lighting-controls and building-technology company logged net income of $106.7 million, or $3.35 a share, for the first quarter ended Nov. 30, up from $100.6 million, or $3.21 a share, a year earlier. \n</p>\n<p>\n  Stripping out one-time items, earnings were $3.97 a share. Analysts polled by FactSet expected $3.90 a share. \n</p>\n<p>\n  Sales rose to $951.6 million from $934.7 million. Analysts polled by FactSet expected $955.6 million. \n</p>\n<p>\n  Sales from its lighting and light-control business ticked up 1.1% to $886 million from a year earlier, while its smaller intelligent spaces unit increased 15% during the same period to $73.5 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2025 06:20 ET (11:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Acuity Brands 1Q Sales Rise But Short of Wall Street's Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAcuity Brands 1Q Sales Rise But Short of Wall Street's Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-08 19:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Denny Jacob \n\n\n \n\n\n  Acuity Brands posted an increase in sales in its latest quarter but failed to clear Wall Street's estimates. \n\n\n  The lighting-controls and building-technology company logged ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501774722","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501774722","pubTimestamp":1736335200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Acuity Brands posted an increase in sales in its latest quarter but failed to clear Wall Street's estimates.The lighting-controls and building-technology company logged net income of $106.7 million, or $3.35 a share, for the first quarter ended Nov. 30, up from $100.6 million, or $3.21 a share, a year earlier.Stripping out one-time items, earnings were $3.97 a share. Analysts polled by FactSet expected $3.90 a share.Sales rose to $951.6 million from $934.7 million. Analysts polled by FactSet expected $955.6 million.Sales from its lighting and light-control business ticked up 1.1% to $886 million from a year earlier, while its smaller intelligent spaces unit increased 15% during the same period to $73.5 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Acuity Brands第一季度销售额增长，但低于华尔街预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AYI":1},"content_text":"By Denny Jacob \n\n\n \n\n\n  Acuity Brands posted an increase in sales in its latest quarter but failed to clear Wall Street's estimates. \n\n\n  The lighting-controls and building-technology company logged net income of $106.7 million, or $3.35 a share, for the first quarter ended Nov. 30, up from $100.6 million, or $3.21 a share, a year earlier. \n\n\n  Stripping out one-time items, earnings were $3.97 a share. Analysts polled by FactSet expected $3.90 a share. \n\n\n  Sales rose to $951.6 million from $934.7 million. Analysts polled by FactSet expected $955.6 million. \n\n\n  Sales from its lighting and light-control business ticked up 1.1% to $886 million from a year earlier, while its smaller intelligent spaces unit increased 15% during the same period to $73.5 million. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 08, 2025 06:20 ET (11:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501774722"}