Acuity (AYI) AYI Q4 Financial Results Summary
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Acuity Inc. (AYI) Q4 2025 Financial Results Summary
ATLANTA, October 1, 2025 – Acuity Inc. (NYSE: AYI) released its fiscal 2025 fourth-quarter and full-year results today. The company reported significant progress in net sales and operating performance compared to the previous year.
Fourth Quarter Highlights:
- Net Sales:
- Increased by 17.1% to $1.2 billion compared to Q4 FY 2024.
- A growth of $176.8 million year-on-year.
- Earnings Per Share (EPS):
- Reported Diluted EPS: $3.61, down 4.2% from $3.77 in Q4 FY 2024.
- Adjusted Diluted EPS: $5.20, up 20.9% from $4.30 in Q4 FY 2024.
- Operating Profit:
- Company operating profit reached $180.6 million, an increase of 15.0% compared to Q4 FY 2024.
- As a percentage of net sales, operating profit declined to 14.9%, a decrease of 30 basis points from Q4 FY 2024.
- Adjusted operating profit rose to $225.3 million, up 26.2% year-on-year, achieving 18.6% of net sales (an increase of 130 basis points).
- Pension Settlement Charge:
- The quarter included a non-cash pension-settlement charge of $30.9 million and a one-time tax benefit of $8.2 million.
Full-Year 2025 Summary:
- Net Sales:
- Reached $4.3 billion, reflecting a 13.1% increase compared to $3.8 billion in FY 2024.
- Earnings Per Share (EPS):
- Reported Diluted EPS: $12.53, down 6.8% from FY 2024.
- Adjusted Diluted EPS: $18.01, up 15.7% from $15.56 in FY 2024.
- Operating Profit:
- For the full year, operating profit was $563.9 million, which is a 1.9% increase from $553.3 million in FY 2024.
- Operating profit as a percentage of net sales decreased to 13.0%, down 140 basis points from the prior year.
- The adjusted operating profit was $768.6 million, increasing by 20.2% year-over-year, achieving 17.7% of net sales (an increase of 100 basis points).
Segment Performance:
Acuity Brands Lighting (ABL)
- Q4 Results:
- Net sales were $962.4 million, a slight increase of 0.8%.
- Operating profit was $183.0 million, increasing by 13.3%.
- Full-Year Results:
- Achieved $3.6 billion in net sales, up 1.1%.
- Operating profit stood at $590.6 million, an increase of 1.3%.
Acuity Intelligent Spaces (AIS)
- Q4 Results:
- Net sales surged to $255.2 million, a growth of 204.2%.
- Operating profit was $28.0 million, increasing by 67.7%.
- Full-Year Results:
- Reported $764.3 million in net sales, representing a 161.8% increase.
- Operating profit reached $76.1 million, reflecting a 74.5% growth.
Cash Flow and Capital Allocation:
- Operating Cash Flow: Generated $601.4 million in FY 2025, down 2.9% from $619.2 million in FY 2024.
- Dividend: Increased dividend by 13% to $0.17 per share.
- Share Repurchase: Repurchased approximately 436,000 shares for a total of $118.5 million.
- Term Loan: Repaid $200 million of term-loan borrowings.
Acuity has successfully demonstrated growth across its segments, achieving better-than-expected results for Q4 and the full year. Future prospects will depend on continued operational efficiency and market expansion.
For additional information, the company will host a conference call at 8:00 a.m. (ET) today, which can be accessed through its Investor Relations website.
| Three Months Ended August 31, | Year Ended August 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | 1,209.1 | 1,032.3 | 4,345.6 | 3,841.0 |
| Cost of products sold | 618.1 | 543.6 | 2,267.1 | 2,059.3 |
| Gross profit | 591.0 | 488.7 | 2,078.5 | 1,781.7 |
| Selling, distribution, and administrative expenses | 410.4 | 331.7 | 1,484.9 | 1,228.4 |
| Special charges | — | — | 29.7 | — |
| Operating profit | 180.6 | 157.0 | 563.9 | 553.3 |
| Other expense: | ||||
| Interest expense (income), net | 7.0 | -3.5 | 22.0 | -4.5 |
| Miscellaneous expense, net | 35.9 | 8.0 | 41.7 | 9.2 |
| Total other expense | 42.9 | 4.5 | 63.7 | 4.7 |
| Income before income taxes | 137.7 | 152.5 | 500.2 | 548.6 |
| Income tax expense | 23.7 | 33.6 | 103.6 | 126.0 |
| Net income | 114.0 | 118.9 | 396.6 | 422.6 |
| Earnings per share(1): | ||||
| Basic earnings per share | 3.71 | 3.86 | 12.85 | 13.68 |
| Basic weighted average number of shares outstanding | 30.689 | 30.813 | 30.859 | 30.885 |
| Diluted earnings per share | 3.61 | 3.77 | 12.53 | 13.44 |
| Diluted weighted average number of shares outstanding | 31.533 | 31.512 | 31.641 | 31.445 |
| Dividends declared per share | 0.17 | 0.15 | 0.66 | 0.58 |
| ASSETS | August 31, | 2025 | 2024 |
|---|---|---|---|
| Current assets: | |||
| Cash and cash equivalents | 422.5 | 845.8 | |
| Accounts receivable, net | 593.9 | 563.0 | |
| Inventories | 526.7 | 387.6 | |
| Prepayments and other current assets | 108.4 | 75.1 | |
| Total current assets | 1,651.5 | 1,871.5 | |
| Property, plant, and equipment, net | 343.2 | 303.9 | |
| Other long-term assets | 2,760.5 | 1,639.2 | |
| Total assets | 4,755.2 | 3,814.6 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||
| Current liabilities: | |||
| Accounts payable | 454.5 | 352.3 | |
| Other current liabilities | 391.3 | 335.6 | |
| Total current liabilities | 845.8 | 687.9 | |
| Long-term debt | 896.8 | 496.2 | |
| Other long-term liabilities | 287.7 | 251.7 | |
| Total stockholders’ equity | 2,724.9 | 2,378.8 | |
| Total liabilities and stockholders’ equity | 4,755.2 | 3,814.6 |