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

Mattel (MAT): A look at the toymaker’s expectations for the year

Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism

Earnings Preview: Paychex likely to report higher Q1 revenue and profit

Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has

DRI Earnings: Key quarterly highlights from Darden Restaurants’ Q1 2024 financial results

Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were

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