Acuity leaps on FQ1 beat, favorable outlook

|About: Acuity Brands, Inc. (Holding Company) (AYI)|By:, SA News Editor

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)