Acuity Brands (NYSE:AYI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$968.1m (down 3.2% from 3Q 2023).
• Net income: US$113.9m (up 8.5% from 3Q 2023).
• Profit margin: 12% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$3.70 (up from US$3.31 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Acuity Brands Revenues Disappoint

Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in the US.

The company's shares are up 1.1% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Acuity Brands, and understanding it should be part of your investment process.

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