Acuity Brands Inc. (NYSE: AYI)
The Atlanta-based lighting products company posted record results for fiscal 2014, boosted by significant improvement in operating performance.
- Net Sales: $2.4 billion, up 15%
- Net Income: $175.8 million, up 38%
- Earnings Per Share: $4.05, up 37%
Acuity Chairman, President and CEO Vernon J. Nagel:
“We believe our record results reflect our ability to provide customers truly differentiated value with our industry-leading portfolio of innovative lighting and control solutions along with superior service... Our record fiscal 2014 full-year results reflect our ability to leverage our fixed investment base as demonstrated by the improvements in our annual gross profit margin to 40.9 percent and adjusted operating profit margin to 12.2 percent.”