Acuity Brands Q2 Profit Rises; Sales Up 12% - Quick Facts

(RTTNews) - Acuity Brands, Inc. (AYI) reported that its second-quarter net income increased to $32.7 million or $0.75 per share, from $24.7 million or $0.57 per share, previous year. Adjusted net income was $32.6 million or $0.75 per share, for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.83 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $546.2 million from $486.7 million. Analysts expected revenue of $553.95 million for the quarter. The company said 12 percent year-over-year growth in net sales was due primarily to a 13 percent increase in sales volume, which was partially offset by a net unfavorable change in foreign currency rates, primarily because of a weaker Canadian Dollar.