Description

Acuity Brands: How Could New Lighting Products Unlock a Powerful Market Expansion?

Acuity Brands has delivered strong financial results for the first quarter of fiscal year 2026. The company achieved growth in net sales, an improvement in adjusted operating profit, expansion of adjusted operating profit margins, and an increase in adjusted diluted earnings per share. Net sales reached $1.1 billion, representing a 20% increase from the previous year, driven by growth across both its Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS) segments. Adjusted operating profit rose by $38 million, or 24%, and adjusted operating profit margins expanded by 50 basis points to 17.2%. Adjusted diluted earnings per share climbed to $4.69, an 18% increase. Acuity Brands Lighting delivered sales of $895 million, marking a 1% year-over-year increase primarily due to the independent sales network’s elevated backlog, which was a result of orders accelerated ahead of prior price increases.