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Acuity Brands Posts Record Quarterly Results

|Includes: Acuity Brands, Inc. (Holding Company) (AYI)

Originally published at www.seclive.com

Acuity Brands, Inc. (NYSE:AYI) posted record quarterly results as the company announced its financial results for the first fiscal quarter of 2014. The company, which specializes in indoor and outdoor lighting solutions, recorded a 20% increase in net sales by $93.6M to $574.7M for the quarter. Operating income jumped significantly by 61% to $77.4M from the year-ago period. Acuity earnings increased by 70% to $44.5M from a year ago while earnings per share improved 69% from $0.61 to $1.03. Acuity attributes the marked increases in its results to higher volumes across all of its segments. President and CEO Vernon Nagel remarked that the company is incredibly pleased with its performance and continues to move forward with its business strategy in North America.

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