AYI News and Press, Acuity Brands Inc. From 10/03/22

Acuity Brands ( NYSE: AYI ) is scheduled to announce Q4 earnings results on Tuesday, October 4th, before market open. The consensus EPS Estimate is $3.61 (+10.4% Y/Y) and the consensus Revenue Estimate is $1.08B (+8.8% Y/Y). Over the last 2 years, AYI has beaten EPS ...

Atlanta, Sept. 29, 2022 (GLOBE NEWSWIRE) -- ATLANTA, September 29, 2022 – Acuity Brands, Inc. (NYSE: AYI) (the “Company”) announced today that, effective September 29, 2022, the Board of Directors (the “Board”) approved an increase in the size of the Board...

Atlanta, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (“Company”) today announced that the Company is planning to release its fiscal 2022 fourth-quarter and full-year earnings results on Tuesday, October 4, at 6:00 a.m. (EDT), followed by a conference cal...

Atlanta, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) ("Acuity" or the "Company"), a market-leading industrial technology company, today announced the appointment of Philippe Brzusczak, Senior Vice President, Corporate Development and Strategy, to its executive lea...

Summary AYI has market dominance in the Electrical Lighting and Wiring Equipment Industry. AYI has excellent fundamentals and is fairly priced through Discounted Cash Flow Analysis. AYI continues to beat quarter expectations. AYI is investing in growth through new technolo...

Summary The company is seeing good demand from commercial and institutional customers as the economy reopens. As supply chain constraints ease, the company should be able to convert its pending backlog orders into revenue. The company's margin should benefit from the higher pr...

Acuity has done rather well relative to sell-side expectations over the last couple of years, and is leveraging a healthy non-residential construction market and advantaged manufacturing/sourcing footprint. It's valid to question whether Acuity is "over-earning" as rivals are troubled...

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