Acuity Posts Higher Profit, Reports Actions to Cut Labor Costs

Dow Jones04-02

By Nicholas G. Miller

Acuity reported higher second-quarter profit on the back of growth in its intelligent spaces segment and said that it has taken actions to reduce labor costs in its lighting business.

The company posted net income of $96.8 million, or $3.09 a share, up from $77.5 million, or $2.45 a share, the year prior.

Adjusted earnings were $4.14 a share. Analysts polled by FactSet had expected $4 a share.

Net sales rose 4.9% to $1.06 billion. Wall Street had expected $1.08 billion. Sales in the company's intelligent spaces segment rose $76.6 million to $248.1 million, while its lighting business saw sales decrease 2.8% to $817.4 million.

The company also said it took productivity improvement actions, primarily related to reducing labor costs in its lighting business that resulted in $6 million of special charges in the quarter.

Write to Nicholas G. Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

April 02, 2026 06:20 ET (10:20 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

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/2624138570?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-02 18:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2624138570","market":"fut","top_or_hot":-1,"title":"Acuity Posts Higher Profit, Reports Actions to Cut Labor Costs","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nicholas G. Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Acuity reported higher second-quarter profit on the back of growth in its intelligent spaces segment and said that it has taken actions to reduce labor costs in its lighting business. \n</p>\n<p>\n  The company posted net income of $96.8 million, or $3.09 a share, up from $77.5 million, or $2.45 a share, the year prior. \n</p>\n<p>\n  Adjusted earnings were $4.14 a share. Analysts polled by FactSet had expected $4 a share. \n</p>\n<p>\n  Net sales rose 4.9% to $1.06 billion. Wall Street had expected $1.08 billion. Sales in the company's intelligent spaces segment rose $76.6 million to $248.1 million, while its lighting business saw sales decrease 2.8% to $817.4 million. \n</p>\n<p>\n  The company also said it took productivity improvement actions, primarily related to reducing labor costs in its lighting business that resulted in $6 million of special charges in the quarter. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2026 06:20 ET (10:20 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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 Posts Higher Profit, Reports Actions to Cut Labor Costs</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 Posts Higher Profit, Reports Actions to Cut Labor Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-02 18:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nicholas G. Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Acuity reported higher second-quarter profit on the back of growth in its intelligent spaces segment and said that it has taken actions to reduce labor costs in its lighting business. \n</p>\n<p>\n  The company posted net income of $96.8 million, or $3.09 a share, up from $77.5 million, or $2.45 a share, the year prior. \n</p>\n<p>\n  Adjusted earnings were $4.14 a share. Analysts polled by FactSet had expected $4 a share. \n</p>\n<p>\n  Net sales rose 4.9% to $1.06 billion. Wall Street had expected $1.08 billion. Sales in the company's intelligent spaces segment rose $76.6 million to $248.1 million, while its lighting business saw sales decrease 2.8% to $817.4 million. \n</p>\n<p>\n  The company also said it took productivity improvement actions, primarily related to reducing labor costs in its lighting business that resulted in $6 million of special charges in the quarter. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2026 06:20 ET (10:20 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0203347892.USD","symbol_name":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2624138570","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624138570","pubTimestamp":1775125200,"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 reported higher second-quarter profit on the back of growth in its intelligent spaces segment and said that it has taken actions to reduce labor costs in its lighting business.The company posted net income of $96.8 million, or $3.09 a share, up from $77.5 million, or $2.45 a share, the year prior.Adjusted earnings were $4.14 a share. Analysts polled by FactSet had expected $4 a share.Net sales rose 4.9% to $1.06 billion. Wall Street had expected $1.08 billion. Sales in the company's intelligent spaces segment rose $76.6 million to $248.1 million, while its lighting business saw sales decrease 2.8% to $817.4 million.The company also said it took productivity improvement actions, primarily related to reducing labor costs in its lighting business that resulted in $6 million of special charges in the quarter.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","AYI":"Acuity Brands Inc","BK4096":"电气部件与设备","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC"},"translate_title":"Acuity公布更高利润，报告削减劳动力成本的行动","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AYI":1.5},"content_text":"By Nicholas G. Miller \n\n\n \n\n\n  Acuity reported higher second-quarter profit on the back of growth in its intelligent spaces segment and said that it has taken actions to reduce labor costs in its lighting business. \n\n\n  The company posted net income of $96.8 million, or $3.09 a share, up from $77.5 million, or $2.45 a share, the year prior. \n\n\n  Adjusted earnings were $4.14 a share. Analysts polled by FactSet had expected $4 a share. \n\n\n  Net sales rose 4.9% to $1.06 billion. Wall Street had expected $1.08 billion. Sales in the company's intelligent spaces segment rose $76.6 million to $248.1 million, while its lighting business saw sales decrease 2.8% to $817.4 million. \n\n\n  The company also said it took productivity improvement actions, primarily related to reducing labor costs in its lighting business that resulted in $6 million of special charges in the quarter. \n\n\n \n\n\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 02, 2026 06:20 ET (10:20 GMT)\n\n\n  Copyright (c) 2026 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":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","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/2624138570","isCrawlerRequest":true}