The Latest Breaking News from AYI

Leading industrial technology company Acuity Brands (AYI) surpassed consensus estimates and reported solid growth across its segments in the latest earnings release. However, the stock has declined 9.7% over the past months. So, is it worth buying the stock now? Let’s find out.

Acuity Brands, Inc. (NYSE:AYI) reported third-quarter FY22 net sales growth of 17.9% year-over-year to $1.1 billion, beating the consensus of $985.42 million. Adjusted EPS improved to $3.52 (+27.1% Y/Y), beating the consensus of $2.96. Sales by segments: Acuity Brands Lighting and Lighting Controls $1 billion (+18.6% Y/Y) and Intelligent Spaces Group $58.3 million…

The current market sell-off due to the rising inflation and tightening monetary conditions has led some quality stocks to trade at a discount to their peers. Thus, we think cheap stocks EMCOR Group (EME), Korn Ferry (KFY), and Acuity Brands (AYI) could be valuable investments now. These stocks are rated…

The home improvement industry has been one of the biggest beneficiaries of the COVID-19 pandemic. Home renovation retailers gained significantly as prolonged indoor stays encouraged people to consider restyling and remodeling their homes. Furthermore, a growing inclination to transform homes and boost living/working comfort continues to propel the industry’s growth.…