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
Most Popular
Snowflake (SNOW) appears to be on solid footing despite cloud slowdown
The cloud computing market witnessed accelerated growth in the last couple of years, as enterprises across the world shifted their digital assets to cloud for ensuring safety and enhancing data
Dollar Tree (DLTR) vs. Dollar General (DG): How did the third quarter turn out for these discount retailers?
In times of high inflation and economic uncertainty, consumers tend to turn to discount retailers in search of more value. The two leading discount retailers Dollar Tree Inc. (NASDAQ: DLTR)
Kroger (KR) looks set to start 2023 with new vigor. Is the stock a buy?
The retail environment has witnessed many changes in customers’ shopping behavior lately, especially after the COVID outbreak. With inflation putting pressure on personal finances, there appears to be a new
