Acuity Brands Q4 Adj. EPS Tops View - Quick Facts

(RTTNews) - Acuity Brands, Inc. (AYI) reported fourth-quarter net income of $60.1 million or $1.38 per share, compared to $54.8 million or $1.26 per share, prior year.

Adjusted net income for the latest fourth quarter rose to $71.1 million, or $1.63 per share from $54.8 million, or $1.26 per share in the year-ago period. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.62 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased by 14% to $759.5 million from $668.7 million in the comparable quarter last year, while eleven analysts expected revenue of $754.85 million for the quarter.