Acuity Brands Q1 2018 net sales down 1 percentStaff Writer | January 10, 2018
Acuity Brands announced fiscal 2018 first quarter net sales of $842.8 million, a decrease of $8.4 million, or 1 percent, compared with the year-ago period.
Acuity Brands Operating profit was $118.6 million
Net income for the first quarter of fiscal 2018 was $71.5 million, a decrease of 12.5 percent compared with the prior-year period.
Fiscal 2018 first quarter diluted earnings per share (EPS) of $1.70 decreased 8.6 percent compared with $1.86 for the year-ago period.
Prior year’s first quarter results included a $7.2 million gain, or $0.10 diluted EPS impact, associated with the sale of an investment in an unconsolidated affiliate.
Adjusted diluted EPS for the first quarter of fiscal 2018 decreased 3 percent to $1.94 compared with adjusted diluted EPS of $2.00 for the year-ago period.
Adjusted operating profit for the first quarter of fiscal 2018 decreased $9.3 million, or 6.5 percent, to $133.9 million, or 15.9 percent of net sales, compared with the year-ago period adjusted operating profit of $143.2 million, or 16.8 percent of net sales. ■