Acuity Manufacturers down 2% as income misses estimates

NEW YORK – Acuity Manufacturers, Inc. (NYSE:AYI) reported blended first quarter fiscal 2025 outcomes on Wednesday, with earnings beating expectations however income falling in need of estimates.

Acuity Manufacturers shares edged down 0.29% in early buying and selling following the income miss.

The commercial expertise firm posted adjusted earnings per share of $3.97, surpassing the analyst consensus of $3.89. Nonetheless, income got here in at $952 million, lacking the $957.65 million analysts have been anticipating.

Web gross sales elevated 1.8% year-over-year to $951.6 million in Q1. The corporate’s Acuity Manufacturers Lighting section noticed gross sales rise 1.1% to $886 million, whereas the Acuity Clever Areas section reported 14.5% progress to $73.5 million.

Adjusted working revenue grew 3.1% to $158.7 million, with adjusted working margin increasing 20 foundation factors to 16.7%.

“We delivered gross sales progress, elevated our adjusted working revenue and adjusted working revenue margin, and elevated our adjusted diluted earnings per share,” stated Neil Ashe, Chairman, President and CEO of Acuity Manufacturers.

The corporate additionally introduced it accomplished the acquisition of QSC, LLC on January 1, 2025 for a gross buy value of $1.215 billion.

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