Atlanta-based Acuity Brands (AYI) reported its Q4 2023 results Wednesday before the markets opened. The news from the lighting and building management specialist was reasonably good. Its shares are up more than 7% in late-day trading.
This is a company whose business has been under siege for a long time. Its stock has underperformed relative to the S&P 500 over the past five years, and its revenue continues to shrink.
