Acuity Brands, Inc. Reports Earnings Results for the First Quarter Ended November 30, 2020
January 07, 2021 at 01:48 pm
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Acuity Brands, Inc. announced earnings results for the first quarter ended November 30, 2020. For the first quarter, the company announced sales was USD 792 million compared to USD 834.7 million a year ago. Operating income was USD 85.7 million compared to USD 83.6 million a year ago. Net income was USD 59.6 million compared to USD 57 million a year ago. Basic earnings per share from continuing operations was USD 1.58 compared to USD 1.44 a year ago.
Acuity Brands, Inc. is an industrial technology company. The Company uses technology to solve problems in spaces and light. It operates through two segments: Acuity Brands Lighting and Lighting Controls (ABL) and the Intelligent Spaces Group (ISG). ABL's portfolio of lighting solutions includes commercial, architectural, and specialty lighting in addition to lighting controls and components that can be combined to create integrated lighting control systems. It offers devices, such as luminaires that utilize light emitting diode (LED) technology designed to optimize energy efficiency and comfort for various indoor and outdoor applications. ABL's brand portfolio include Aculux, Indy, Gotham, and more. ISG offers a building management platform and location-aware applications. Its building management platform includes products for controlling heating, ventilation, and air conditioning (HVAC), lighting, shades, and building access that deliver end-to-end optimization of building systems.
ACUITY BRANDS, INC. 
