Acuity Brands Q3 sales fall 3.2% to $968.1 million; diluted EPS rises 10.4%
Acuity Brands reported fiscal third-quarter 2024 results for the quarter ended May 31, 2024. Net sales fell 3.2% from the prior year to $968.1 million, while diluted earnings per share rose 10.4% to $3.62 and operating profit rose 1.4%.
- Net sales were $968.1 million, down $32.2 million or 3.2% from the prior-year quarter.
- Diluted EPS was $3.62, up 10.4%; adjusted diluted EPS was $4.15, up 10.7% from $3.75.
- Operating profit was $145.3 million, up 1.4%; adjusted operating profit was $167.1 million, up 2.6%.
- Year-to-date operating cash flow was $445.1 million; the company repurchased about 454,000 shares for about $89 million.