On Thursday, Acuity Brands, Inc (NYSE: AYI) reported fiscal second-quarter 2025 net sales growth of 11.1% year over year to $1.01 billion, missing the analyst consensus estimate of $1.03 billion.
It clocked an adjusted EPS of $3.73, beating the analyst consensus estimate of $3.70.
Sales by segments: Acuity Brands Lighting (ABL) revenue hit $840.6 million (-0.3% Y/Y), and Acuity Intelligent Spaces (AIS) clocked $171.5 million (+151.8% Y/Y).
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The consolidated adjusted operating margin grew by 70 bps to 16.2%. ABL's adjusted operating margin improved by 60 bps to 16.8%. AIS' margin decreased by 230 bps to 18.7%.
The company generated $191.6 million in operating cash flow for the first six months of fiscal year 2025, compared to $292.6 million a year ago. Free cash flow was $163 million.
Acuity held cash and equivalents of $397.9 million, compared to $578.9 million last year.
Adjusted EBITDA was $176.6 million, up from $153.0 million a year ago. The margin expanded by 60 bps to 17.5%.
Price Action: AYI stock closed higher by 1.04% at $266.40 at Wednesday.
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