Acuity Brands

Acuity Brands' shares climbed 21% on high volume after the company significantly beat third-quarter earnings expectations. Drivers include a massive improvement in operating margins and double-digit growth in the smart building controls segment. The build-out of AI infrastructure in data centers provides the company with a reliable long-term growth engine. » Mere på finanzen.net

Acuity Brands reports better-than-expected revenue and earnings for the third quarter of 2026. The digital segment "Intelligent Spaces" recorded a 23% jump in operating results. The company clarifies its full-year guidance and cites adjusted earnings per share of up to $20.50. » Mere på finanzen.net

Management said Acuity Brands’ Lighting (ABL) sales fell due to a soft market and nonrecurrence of large projects, revising full-year ABL sales to flat to down low single digits. Acuity Intelligence Spaces (AIS) remains a growth driver with low- to mid-teens revenue growth expected, aided by Q-SYS and Distech integration. The company is defending gross margins through strategic pricing, productivity and automation, and recorded a $6 million charge for labor and manufacturing actions. It repaid $200 million of acquisition debt year-to-date, monitors memory component supply and tariff risks, and emphasizes AI-driven building controls as a competitive advantage. » Mere på finance.yahoo.com