Acuity Brands

Acuity Brands Reports Fiscal 2024 Second-Quarter Results

Retrieved on: 
Wednesday, April 3, 2024
Acuity Brands, EPS, Adjustment, ABL, ISG, Video game

“Our fiscal 2024 second quarter was another quarter of solid execution,” stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, Inc. “We increased our adjusted operating profit, adjusted operating profit margin and adjusted diluted earnings per share.

Key Points: 
  • “Our fiscal 2024 second quarter was another quarter of solid execution,” stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, Inc. “We increased our adjusted operating profit, adjusted operating profit margin and adjusted diluted earnings per share.
  • Adjusted operating profit was $140.1 million in the second quarter of fiscal 2024, an increase of $8.0 million, or 6.1 percent, compared to the prior year.
  • ISG operating profit was $9.1 million in the second quarter of fiscal 2024, an increase of $2.8 million compared to the prior year.
  • ISG adjusted operating profit was $14.3 million in the second quarter of fiscal 2024, an increase of $3.5 million compared to the prior year.

Acuity Brands Declares Quarterly Dividend

Retrieved on: 
Thursday, March 28, 2024
Acuity Brands, AYI

Atlanta, March 28, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Acuity Brands, Inc. (NYSE: AYI; "Company") today declared a quarterly dividend of 15 cents per share. The dividend is payable on May 1, 2024, to shareholders of record on April 17, 2024.

Key Points: 

Atlanta, March 28, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Acuity Brands, Inc. (NYSE: AYI; "Company") today declared a quarterly dividend of 15 cents per share. The dividend is payable on May 1, 2024, to shareholders of record on April 17, 2024.

Cornerstone Building Brands Appoints Dr. Marcia Avedon to its Board of Directors

Retrieved on: 
Tuesday, March 26, 2024
Architecture, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Other Manufacturing, Anheuser-Busch, Ingersoll Rand, Growth, Generac, Merck & Co., Saint-Gobain, Merck, Communication, Corporate Affairs, Lincoln National Corporation, Marketing, Trane Technologies, Honeywell, Human resources, Acuity Brands, Management

Cornerstone Building Brands, Inc., a leading manufacturer of exterior building products in North America, has appointed Marcia Avedon, Ph.D., as a member of its board of directors (the “Board”), effective April 1, 2024.

Key Points: 
  • Cornerstone Building Brands, Inc., a leading manufacturer of exterior building products in North America, has appointed Marcia Avedon, Ph.D., as a member of its board of directors (the “Board”), effective April 1, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240326897081/en/
    Dr. Marcia Avedon will serve as a member of the Cornerstone Building Brands board of directors, effective April 1, 2024.
  • “Marcia’s depth and breadth of both corporate leadership and board experience in leadership development, talent and succession management, executive compensation, organizational development, corporate governance, brand building, operations and sustainability make her a particularly strong addition to our Cornerstone Building Brands board of directors,” said Rose Lee, President and Chief Executive Officer, Cornerstone Building Brands.
  • Marcia previously served on the board of directors of GCP Applied Technologies and Lincoln National Corporation.

Acuity Brands to Announce Fiscal 2024 Second Quarter Results on April 3, 2024

Retrieved on: 
Wednesday, March 6, 2024
Acuity Brands, EST, Webcast

ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (the “Company”) today announced that it is planning to release its fiscal 2024 second quarter results on Wednesday, April 3, 2024, at 6:00 a.m. (EST), followed by a conference call at 8:00 a.m. (EST).

Key Points: 
  • ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (the “Company”) today announced that it is planning to release its fiscal 2024 second quarter results on Wednesday, April 3, 2024, at 6:00 a.m. (EST), followed by a conference call at 8:00 a.m. (EST).
  • Neil Ashe, Chairman, President, and Chief Executive Officer of Acuity Brands will lead the call.
  • The webcast, earnings release, and supplemental presentation can be accessed via the Investor Relations section of the Company's website at www.investors.acuitybrands.com on Wednesday, April 3, 2024.
  • To learn more about Acuity Brands, please visit the Company's website .

South Korea LED Lighting Market to witness 7.4% CAGR growth, Segmentation by Application (Residential, Commercial, Industrial, Outdoor, and Others) and Product (LED lamps and LED luminaires)- Technavio

Retrieved on: 
Tuesday, February 20, 2024
YOY, USD, Growth, Hubbell Incorporated, Interior, Nature, Lighting, LG Corporation, Acuity Brands, Car, OSRAM, LED, Electric light

Light pipes, light rings, LED pin spotlights, and diffuser lenses are integral components of ambient lighting, integrated into various parts of the vehicle interior.

Key Points: 
  • Light pipes, light rings, LED pin spotlights, and diffuser lenses are integral components of ambient lighting, integrated into various parts of the vehicle interior.
  • One of the primary drivers of the expansion of the LED lighting market in South Korea is the increasing demand from the automotive sector.
  • LED Lighting Market in North America: The LED lighting market in North America is projected to grow by USD 5.81 billion with a CAGR of 9.1% during the forecast period 2021 to 2026.
  • Brazil LED (Light Emitting Diode) Lighting Market: The Brazil LED (light emitting diode) lighting market is estimated to grow at a CAGR of 11.64% between 2022 and 2027.

Nexus Search Partners Names Multi-Industry Veteran Executive as Senior Partner

Retrieved on: 
Wednesday, February 14, 2024
Nexus, Giant, Bed Bath & Beyond, American City Business Journals, Workplace, Toronto-Dominion Bank, ID, MBA, Giant Eagle, University, Woman, Grumman, Kellogg School of Management, Chipotle Mexican Grill, Family Dollar, Scholastic, Treasury, Acuity Brands, Bed, Black Enterprise, Management

CHARLOTTE, N.C., Feb. 14, 2024 /PRNewswire-PRWeb/ -- Nexus Search Partners, a purpose-driven executive search and advisory firm that prioritizes inclusion, diversity and equity (ID&E) in the workplace, has named Mary Winston as a senior partner. Winston is a seasoned executive who has held key leadership positions with several U.S. retail giants and serves on the public boards of Northrop Grumman, TD Bank Group, Acuity Brands Inc., and Chipotle Mexican Grill.

Key Points: 
  • CHARLOTTE, N.C., Feb. 14, 2024 /PRNewswire-PRWeb/ -- Nexus Search Partners , a purpose-driven executive search and advisory firm that prioritizes inclusion, diversity and equity (ID&E) in the workplace, has named Mary Winston as a senior partner.
  • Nexus' leadership team boasts decades of deep and relevant expertise from well-respected corporations across the United States and is wholly aligned with Nexus' values, mission and tailored, hands-on approach to executive search.
  • "Nexus could not be more proud to have Mary on our team," said Nexus founder and Managing Partner Thaddeus V. Jones.
  • "Nexus' purpose-driven, people-first ethos is a true differentiator in the executive search field and aligns seamlessly with the goals I've set for my next chapter.

Smart Lighting Market to grow by USD 17.20 billion from 2022 to 2027, The emergence of smart lighting to boost growth- Technavio

Retrieved on: 
Monday, February 5, 2024
Acuity Brands, Growth, Wireless, Telecommunications, Internet of things, Restaurant, IBMS, Hardware, Beauty, USD, Zigbee, Component, Internet, RAB, Interoperability, Hubbell Incorporated, Zumtobel Group, IDEAL, Commercial, Compact, Lighting, Communication, Risk, Heat, LED, Honeywell, Z-Wave, Lighting control system, Video game

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The smart lighting market is estimated to grow by USD 17.20 billion from 2023 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The smart lighting market is estimated to grow by USD 17.20 billion from 2023 to 2027, according to Technavio.
  • The emergence of smart lighting is a key driver boosting the market growth.
  • Smart lighting is revolutionizing Lighting systems by integrating advanced technologies like Zigbee and Z-Wave to create Wireless networks that enable efficient energy use.
  • The Global LED Lighting Market size is estimated to grow by USD 34.82 billion at a CAGR of 7.35% between 2022 and 2027.

Acuity Brands Announces Increase in Quarterly Dividend and Increase in Share Repurchase Authorization

Retrieved on: 
Thursday, January 25, 2024
Acuity Brands

ATLANTA, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (the “Company”), a market leading industrial technology company, today announced that its Board of Directors (the “Board”) increased its quarterly dividend by 15 percent to 15 cents per share from 13 cents per share.

Key Points: 
  • ATLANTA, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (the “Company”), a market leading industrial technology company, today announced that its Board of Directors (the “Board”) increased its quarterly dividend by 15 percent to 15 cents per share from 13 cents per share.
  • The dividend is payable on February 14, 2024, to shareholders of record on February 5, 2024.
  • In addition, the Board authorized the additional repurchase of up to 3 million shares of common stock, bringing the outstanding authorization to approximately 3.9 million shares.

Acuity Brands Reports Fiscal 2024 First-Quarter Results

Retrieved on: 
Tuesday, January 9, 2024
Acuity Brands, Adjustment, EPS, ABL, ISG, Video game

"We continued to demonstrate strong execution in our fiscal 2024 first quarter," stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, Inc. "We increased our adjusted operating profit, adjusted operating profit margin and adjusted diluted earnings per share.

Key Points: 
  • "We continued to demonstrate strong execution in our fiscal 2024 first quarter," stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, Inc. "We increased our adjusted operating profit, adjusted operating profit margin and adjusted diluted earnings per share.
  • Operating profit was $132.9 million in the first quarter of fiscal 2024, an increase of $24.0 million, or 22.0 percent, compared to the prior year.
  • Adjusted operating profit was $153.9 million in the first quarter of fiscal 2024, an increase of $13.8 million, or 9.9 percent, compared to the prior year.
  • ISG adjusted operating profit was $10.3 million in the first quarter of fiscal 2024, a decrease of $1.8 million compared to the prior year.

ELOKON Promotes Mark Stanton to President & General Manager for North America

Retrieved on: 
Tuesday, January 9, 2024
Other Manufacturing, Textiles, Steel, Automotive, Packaging, General Automotive, Engineering, Chemicals, Plastics, Manufacturing, Fleet Management, Morale, Acuity Brands, Knowledge, Business, Drink, Plant, Management

ELOKON, Inc. , a leading innovator in automated forklift safety and fleet management systems, has promoted senior vice president of sales Mark Stanton to the new position of president and general manager for the North American region, effective immediately.

Key Points: 
  • ELOKON, Inc. , a leading innovator in automated forklift safety and fleet management systems, has promoted senior vice president of sales Mark Stanton to the new position of president and general manager for the North American region, effective immediately.
  • Alex B. Johns, ELOKON’s national sales director since 2021, will become the new vice president of sales for the region.
  • During the 8 months Stanton has been with the company, ELOKON has increased sales by approximately 30 percent and doubled the size of the ELOKON Inc. team.
  • “We expected big things from Mark when we brought him on to lead our sales team in North America last May, and he most definitely delivered,” said Alexander Glasmacher, CEO, ELOKON.