Categories AlphaGraphs, Earnings, Other Industries

Acuity Brands, Inc. (NYSE: AYI): Q1 2020 Earnings Snapshot

— Lighting solutions provider Acuity Brands, Inc. (NYSE: AYI) reported adjusted earnings of $2.13 per share for the first quarter of 2020, vs. $2.21 per share expected.

— Net income dropped to $57 million or $1.44 per share from $79.6 million or $1.98 per share in the first quarter of 2019

— At $834.7 million, net sales were down 10.7% from last year, vs. $874.72 million expected

— Recorded a pre-tax special charge of $6.9 million, compared to a pre-tax special charge of $1 million last year

— Borrowed the full $400 million available under the existing delayed drawdown term loan during the quarter

— Continues to expect topline headwinds associated with the pruning of products that do not meet profitability objectives

— Appoints Neil Ashe will the next President and CEO of Acuity Brands

— Spent $302 million on acquisitions during the quarter; paid dividends of over $5 million to stockholders

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top