ATLANTA (AP) — ATLANTA (AP) — Acuity Brands Inc. (AYI) on Tuesday reported fiscal fourth-quarter profit of $118.9 million.
The Atlanta-based company said it had net income of $3.77 per share. Earnings, adjusted for one-time gains and costs, came to $4.30 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.19 per share.
The lighting maker posted revenue of $1.03 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.01 billion.
For the year, the company reported profit of $422.6 million, or $13.44 per share. Revenue was reported as $3.84 billion.
Acuity Brands shares have increased 34% since the beginning of the year. The stock has increased 62% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AYI at https://www.zacks.com/ap/AYI
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
