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
AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard