Acuity (AYI) AYI Q1 Financial Results Summary
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Acuity Inc. (AYI) Q1 2026 Financial Results Summary
ATLANTA, January 8, 2026 – Acuity Inc. (NYSE: AYI) released its financial results for the first quarter of fiscal 2026, which ended on November 30, 2025. The company reported strong performance across various metrics, with notable growth in both net sales and earnings per share.
Key Financial Highlights
- Net Sales:
-
Achieved $1.1 billion, an increase of 20.2% compared to the same quarter last year, or a rise of $192.1 million.
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Operating Profit:
- Reported at $160.4 million, representing an increase of 20.3% from the previous year.
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Operating profit margin remained stable at 14.0%.
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Adjusted Operating Profit:
- Increased to $196.3 million, up by 23.7% year-over-year.
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Adjusted operating profit margin grew to 17.2%, an increase of 50 basis points.
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Earnings Per Share (EPS):
- Diluted EPS stood at $3.82, reflecting a rise of 14.0% or $0.47 from the prior year.
- Adjusted Diluted EPS rose to $4.69, marking an increase of 18.1%.
Segment Performance Breakdown
Acuity Brands Lighting (ABL)
- Net Sales:
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Recorded $895.1 million, a modest rise of 1.0% or $9.1 million from Q1 2025.
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Operating Profit:
- Increased to $149.0 million, a growth of 4.0%.
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Operating profit as a percentage of net sales improved to 16.6%, up by 40 basis points.
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Adjusted Operating Profit:
- Rise to $159.8 million, an increase of 4.1%.
- Adjusted operating profit margin exceeded last year’s at 17.9%, up 60 basis points.
Acuity Intelligent Spaces (AIS)
- Net Sales:
-
Achieved $257.4 million, a remarkable increase of 250.2% or $183.9 million compared to Q1 2025.
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Operating Profit:
- Reached $37.0 million, up by 242.6% from the prior year.
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Operating profit margin slightly decreased to 14.4%, down by 30 basis points.
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Adjusted Operating Profit:
- Increased to $56.6 million, a substantial rise of 267.5%.
- Adjusted operating profit margin also improved to 22.0%, an increase of 100 basis points.
Cash Flow and Capital Allocation
- Net Cash from Operating Activities:
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Reported at $140.8 million, up from $132.2 million, reflecting a 6.5% increase.
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Share Repurchase:
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Approximately 77,000 shares were repurchased at a cost of around $28 million.
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Debt Repayment:
- $100.0 million of term-loan borrowings were repaid during the quarter.
Dividends
- Dividends Declared:
- The company declared a quarterly dividend of $0.17 per share, an increase from $0.15 per share in the same quarter last year.
Summary
Acuity Inc. showed robust growth in its Q1 2026 performance, with net sales and adjusted operating profit demonstrating significant year-over-year increases. The company’s effective capital allocation strategies, including share repurchases and reduced debt, have positioned it well for future growth. The declared dividend indicates the company’s commitment to returning value to shareholders.
ACUITY INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(In millions, except per-share data)
| Three Months Ended | November 30, 2025 | November 30, 2024 |
|---|---|---|
| Net sales | $1,143.7 | $951.6 |
| Cost of products sold | $589.9 | $502.3 |
| Gross profit | $553.8 | $449.3 |
| Selling, distribution, and administrative expenses | $393.4 | $316.0 |
| Operating profit | $160.4 | $133.3 |
| Other expense (income): | ||
| Interest expense (income), net | $8.4 | $-4.0 |
| Miscellaneous (income) expense, net | $-0.6 | $2.5 |
| Total other expense (income) | $7.8 | $-1.5 |
| Income before income taxes | $152.6 | $134.8 |
| Income tax expense | $32.1 | $28.1 |
| Net income | $120.5 | $106.7 |
| Earnings per share(1): | ||
| Basic earnings per share | $3.92 | $3.45 |
| Basic weighted average number of shares outstanding | 30.705 | 30.930 |
| Diluted earnings per share | $3.82 | $3.35 |
| Diluted weighted average number of shares outstanding | 31.561 | 31.799 |
| Dividends declared per share | $0.17 | $0.15 |
(1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.
ACUITY INC. CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except per-share data)
| November 30, 2025 | August 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $376.1 | $422.5 |
| Accounts receivable, less reserve for doubtful accounts of $4.1 and $4.3 | $565.3 | $593.9 |
| Inventories | $518.1 | $526.7 |
| Prepayments and other current assets | $122.0 | $108.4 |
| Total current assets | $1,581.5 | $1,651.5 |
| Property, plant, and equipment, net | $345.0 | $343.2 |
| Operating lease right-of-use assets | $103.6 | $97.4 |
| Goodwill | $1,492.6 | $1,495.5 |
| Intangible assets, net | $1,074.8 | $1,099.0 |
| Deferred income taxes | $12.3 | $23.4 |
| Other long-term assets | $42.3 | $45.2 |
| Total assets | $4,652.1 | $4,755.2 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $396.2 | $454.5 |
| Current operating lease liabilities | $25.4 | $23.3 |
| Accrued compensation | $86.2 | $110.0 |
| Other current liabilities | $254.6 | $258.0 |
| Total current liabilities | $762.4 | $845.8 |
| Long-term debt | $797.0 | $896.8 |
| Long-term operating lease liabilities | $87.7 | $84.3 |
| Accrued pension liabilities | $39.6 | $39.2 |
| Deferred income taxes | $24.6 | $24.9 |
| Other long-term liabilities | $146.8 | $139.3 |
| Total liabilities | $1,858.1 | $2,030.3 |
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value per share; 50.0 shares authorized; none issued | — | — |
| Common stock, $0.01 par value per share; 500.0 shares authorized; 55.0 and 54.9 issued, respectively | $0.6 | $0.5 |
| Paid-in capital | $1,151.0 | $1,164.7 |
| Retained earnings | $4,401.0 | $4,285.8 |
| Accumulated other comprehensive loss | $-81.4 | $-76.5 |
| Treasury stock, at cost, of 24.3 and 24.2 shares, respectively | $-2,677.2 | $-2,649.6 |
| Total stockholders’ equity | $2,794.0 | $2,724.9 |
| Total liabilities and stockholders’ equity | $4,652.1 | $4,755.2 |