Acuity Brands profit tops estimates in Q4

Lighting solutions provider Acuity Brands (AYI) reported a 20% jump in earnings for the fourth quarter, helped by higher sales volumes and productivity improvements. Higher volume and rise in acquisitions drove the top line higher. The Q4 results came in ahead of analysts’ expectations. Net income climbed by 20% to $108 million, and earnings jumped … Continue reading Acuity Brands profit tops estimates in Q4