AYI - Acuity Brands Inc.: Attractive Value From Industrial Lighting Leader
- Acuity Brands reported its latest quarterly results highlighted by resilient earnings despite ongoing sales pressures related to the pandemic.
- Demand headwinds in lighting products from postponed large-scale industrial projects have been balanced by stronger trends from retail segment growth.
- The company is investing in more technology including connected devices integrated into wireless networks set to drive growth.
- We see value in shares of AYI supported by overall solid fundamentals and a positive long-term outlook.
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Acuity Brands, Inc.: Attractive Value From Industrial Lighting Leader