Seeking Alpha

Acuity leaps on FQ1 beat, favorable outlook

  • Acuity Brands (AYI +16.7%) shares surge after the company beats expectations in FQ1.
  • Revenue of $574.7M (+20% Y/Y), beats by $33.8M.
  • EPS of $0.96, beats by $0.12.
  • CEO Vernon Nagel: "[O]ur expectation for the future is that overall demand in our end markets will continue to improve and be more consistent and broad-based. The favorable trend in our December order rates seems to reflect this improvement."
  • PR, Conference call (webcast)
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