ACUITY INC. (DE) SEC 10-Q Report

Acuity Inc. (DE), a leading provider of lighting and building management solutions, has released its Form 10-Q report for the third quarter. The report highlights significant financial growth and strategic business developments, driven by the acquisition of QSC and expansion into new product offerings.

Financial Highlights

Net Sales: $1,178.6 million, increased by 21.7% compared to the prior-year period due to higher sales in the Acuity Intelligent Spaces segment driven by the acquisition of QSC.

Gross Profit: $570.2 million, increased by 26.1% with a gross profit margin of 48.4%, up 170 basis points from the prior-year period, primarily due to higher net sales and favorable materials cost.

Operating Profit: $139.8 million, decreased by 3.8% with an operating profit margin of 11.9%, down 310 basis points from the prior-year period, impacted by special charges and higher SD&A expenses.

Net Income: $98.4 million, decreased by 13.6% from the prior-year period, affected by nonrecurring special charges and higher interest expenses.

Diluted Earnings Per Share: $3.12, decreased by 13.8% compared to the prior-year period, reflecting lower net income and higher outstanding diluted shares.

Business Highlights

Revenue Segments: Acuity Brands Lighting segment saw a 2.7% increase in net sales, driven by higher sales within the independent sales network, although this was partially offset by a decline in the corporate accounts channel. Acuity Intelligent Spaces segment experienced a significant increase in net sales by 248.9%, primarily due to the acquisition of QSC, which contributed $172.8 million in sales.

New Product Launches: The acquisition of QSC is intended to expand the Acuity Intelligent Spaces segment into a cloud-manageable audio, video, and control platform, indicating a strategic expansion of product offerings.

Future Outlook: The company anticipates continued growth through the development of innovative new products and services, including lighting, lighting controls, building management solutions, and an audio, video, and control platform. The company also plans to aggressively deploy capital to grow the business and enter attractive new verticals.

SEC Filing: ACUITY INC. (DE) [ AYI ] - 10-Q - Jun. 26, 2025