Acuity Brands Reports Record Quarterly and Full-Year Results
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Acuity Brands (AYI) Tops Q4 EPS by 6c, Comments on Outlook
October 3, 2018 9:08 AM EDTAcuity Brands (NYSE: AYI) reported Q4 EPS of $2.68, $0.06 better than the analyst estimate of $2.62. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.01 billion.
Outlook
Mr. Nagel commented, "We remain cautiously optimistic for fiscal 2019. Third-party forecasts and leading indicators suggest that the North American lighting market, the Company's primary market, is projected to be up low-single digits in fiscal 2019. Our focus in fiscal 2019 is to garner additional top-line growth driven primarily by outperforming the growth rates of the markets we serve through execution of our previously announced growth... More
