Acuity Brands (NYSE:AYI) Full Year 2024 Results
Key Financial Results
- Revenue: US$3.84b (down 2.8% from FY 2023).
- Net income: US$422.6m (up 22% from FY 2023).
- Profit margin: 11% (up from 8.8% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: US$13.68 (up from US$10.88 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Acuity Brands Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
The primary driver behind last 12 months revenue was the ABL segment contributing a total revenue of US$3.57b (93% of total revenue). Notably, cost of sales worth US$2.06b amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$973.3m (72% of total expenses). Explore how AYI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electrical industry in the US.
Performance of the American Electrical industry.
The company's shares are up 2.8% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Acuity Brands' balance sheet.
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About NYSE:AYI
Acuity Brands
Provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally.
Solid track record with excellent balance sheet.
